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Arnold & Porter

601 MASSACHUSETTS AVE, NW, WASHINGTON, DC 20001-3743, USA
Tel:
Work +1 202 942 5000
Fax:
Fax +1 202 942 5999
Web:
www.arnoldporter.com

Gregory Harrington

Email:
Arnold & Porter

Career

https://www.arnoldporter.com/gregory.harrington


Latin America: International firms

Banking and finance

Within: Banking and finance

Arnold & Porter's established connections to Latin America continue to bear fruit, both in the transactional and regulatory arenas. Stemming from a series of engagements for sovereign states in the 1980s, principally in connection with their debt restructurings, the firm cemented its standing with a number of ministries of finance and central banks, which in turn have led to a range of private sector bank relationships; the firm has worked with every president of Brazil’s central bank since the mid-1980s, most of whom have subsequently moved into the private sector. The firm is also a leader in bank regulatory matters, including in relation to Latin American banks’ operations in the US. Senator Christopher Dodd, a senior counsel in the firm and the man behind the Dodd-Frank legislation in the US, is playing a key role in further developing the firm’s regulatory initiatives, most notably in Brazil. On the transactional side, the firm’s merger with Kaye Scholer in 2017 has resulted in the Latin America practice having additional credibility in structured finance, securitisation and derivatives. Key jurisdictions for the practice include Brazil, Colombia, Panama, Costa Rica, Peru and increasingly Argentina. The practice advised Peruvian agro-industrial company, Camposol, on its $200m senior secured term loan facility from Banco Santander and Coöperatieve Rabobank; and in another headline deal, advised Latin American electrical power and natural gas company, Grupo Energía Bogotá, on its $749m unsecured credit facility. Whitney Debevoise has an outstanding record in Latin America, most notably with a number of central banks -such as the Central Bank of Brazil and the Central Reserve Bank of El Salvador- along with private sector lenders including Banco Itau and Banco do Brasil. Gregory Harrington is another recognised Latin America finance specialist with an excellent standing in Brazil and other key jurisdictions such as Peru. Senior counsel Neil Goodman  is an experienced counsel to sovereign states including the Republics of Colombia, Costa Rica and El Salvador. Counsels Arturo Caraballo  and Carlos Pelaez are also key members of the team. All named individuals are based in Washington DC.

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Capital markets

Within: Capital markets

Arnold & Porter continues to be at the forefront of sovereign issuances for a number of Latin American states, quasi-sovereign entities and municipalities. The firm is also noted for securitisation and structured finance transactions, including diversified payment rights transactions. Longstanding clients include the Republics of Colombia, Costa Rica, El Salvador, Honduras and Panama, Federative Republic of Brazil, Bolivarian Republic of Venezuela, Empresa de Transmisión Eléctrica, Camposol Holdings and Grupo de Energía de Bogotá. The practice group advised the Republic of Panama on its $1.2bn global bonds issuance and advised the Republic of Colombia on its  2018 global bond offering and tender offer. Outside the sovereign segment, it advised Camposol on its $500m SEC registered IPO and concurrent listing on NYSE. Whitney Debevoise has a longstanding record in Latin America and has extensive connections to Latin American sovereigns such as Brazil, Panama and El Salvador. Neil Goodman is similarly well plugged-in to the region with a history of engagements from the Republic of Colombia, the Republic of Costa Rica and the Republic of El Salvador. Gregory Harrington has an extensive record in Brazil and Peru, in particular, for clients such as Camposol; while Panamanian native Raul Herrera, Arturo Caraballo and counsel Carlos Pelaez  are also key members of the team.  All named individuals are based in Washington DC.

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Legal Developments by:
Arnold & Porter

  • The role of arbitrators in EU antitrust law

    In May 2014, it will be ten years since Regulation No 1/2003 entered into force. When the legislator of the European Union adopted this Regulation on 16 December 2002, its main objective was to decentralise the enforcement of the two main provisions of EU antitrust law, Articles 81 and 82 of the Treaty establishing the European Community (now Articles 101 and 102 of the Treaty on the Functioning of the European Union (TFEU)). Where do the arbitrators fit in this picture?‚Ä©
    - Arnold & Porter (UK) LLP

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  • Communiqu√© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (‚Äú CMB ‚ÄĚ) had issued an announcement on its website on the Draft Communiqu√© on Equity Crowdfunding [1] . The CMB has now officially published the Communiqu√© on Crowdfunding No. III-35/A (‚Äú Communiqu√© ‚ÄĚ), on October 3, 2019. The Communiqu√© entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (‚ÄúFTS‚ÄĚ) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept.¬†
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the ‚ÄúDanish Beneficial Ownership Cases‚ÄĚ, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‚Äėcentre of life test‚Äô in Surinder Singh cases?

    In the recent case of¬† ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan ¬† [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the ‚ÄúRegulations‚ÄĚ). It further found that it is not to be applied when Judges assess ¬†Surinder Singh ¬†cases that appear before them.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a¬† sole representative visa ¬†is not ‚Äúa¬† majority shareholder in the overseas business‚ÄĚ.