Arnold & Porter's esteemed Latin America group is widely recognised for sovereign finance, including the financing of major infrastructure projects, although it has greatly expanded and diversified its banking and finance practice in recent years. The team has developed further prominence in corporate and agency lending, representing a range of commercial banks, agencies and multilaterals, borrowers and sponsors. It has also emerged as a force in derivatives, securitisations and structured finance, including diversified payment rights (DPR) transactions. The firm is further noted for representing sovereign states in connection with the restructuring and insolvency of local corporates. Gregory Harrington is a leading sovereign finance lawyer, who frequently advises Latin American banks on transactions and regulatory matters. New York’s Christopher Willott is an experienced banking and finance specialist with an extensive record in Latin America lending and project finance transactions. Whitney Debevoise is another immensely experienced sovereign finance specialist. Named individuals are based in Washington DC unless stated otherwise.
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Key clients
- Republic of Colombia
- Ministry of Economy and Finance of the Republic of Panama
- Banco de Credito del Peru
- Ad hoc Board of Banco Central de Venezuela
- Ministry of Economy and Finance of the Republic of Panama
- Various Latin America Bbanks
- Honduras/ENEE
- BTG Pactual
- BTG Pactual Chile
- Asian Infrastructure Investment Bank
- Auren Energia
Work highlights
Advise the Republic of Panama (via the Ministry of Economy and Finance), on the financing of the construction of the fourth bridge over the Panama Canal. The financing consisted of a short-term and a permanent financing transaction.
Advised the Central Bank of Brazil in regard to MSFTA, GMRA and swap transactions as part of its management of $370bn of external reserves.
Representing the ad hoc Board of Banco Central de Venezuela in connection with the early termination of a gold swap, including litigation in London between rival boards of directors of BCV appointed by the opposition and Nicolas Maduro, respectively.
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