As one of the world?s biggest opportunities for power-generation investment, one would think that Brazil would be inundated by foreign companies ready to pour millions into its large-scale thermal power plants that access the fuel reserves of the Brazil? Bolivia pipeline. Think again. Investors in Brazilian power must negotiate several obstacles, including hedging foreign currency risks, a murky privatization plan, and time-consuming environmental licensing. Although the upper echelons of government are trying to smooth the process for foreign investors in power generation, the courts are not playing favorites to powerful multinationals who are having to wait in line with everyone else.
Category: Corporate & Sovereign Strategy
Posted inWeb Articles
In Practice
New Arbiter in airline merger case Jorge Pinzon, Colombia’s newly appointed industry and trade superintendent, is stepping in to arbitrate the merger plans of Colombia’s two largest airlines after the […]
Posted inWeb Articles
Invisible Borders
Along the sandy coast of the Gulf of Mexico rests Brazoria County, Texas. This agrarian community with its roots firmly planted in Texas tradition boasts the Annual Great Mosquito Festival and the Mexican Fiesta Youth Rodeo?not exactly an international city of law. But in an ironic twist of culture clash, this quiet Southern court system was subjected to the judicial version of polar attraction. Because the Texas state court system allows foreign residents to bring personal injury and wrongful death cases into the courts, Bolivia launched a major cross-border product liability suit smack in the middle of Brazoria.
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Leading the Emerging Markets Charge
Victor Menezes, CEO and chairman of Citibank, is overseeing the bank’s expansion in fast-growing regions. He began his Latin American career in the ’80s and knows the region’s perils well.
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The Struggle for Survival
After launching a spectacular IPO in 1999, StarMedia founder and CEO Fernando Espuelas now has to prove that he can build a business and not just burn cash.
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MSDW Leads the Way in M&A
A new phase of private sector restructuring and consolidation is underway in Latin America, and dealing with corporate clients requires a special set of disciplines, skills and contacts. Morgan Stanley […]
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Bidding Up Cuban Paper
With a faint whiff of a US-Cuba rapprochement and renewed interest in exotic defaulted debt, investors looking for cheap bets are bidding up prices. However, the rally could be short-lived.
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Petrobras’s Makeover Man
Philippe Reichstul has jettisoned old-fashioned management ways and begun building the Brazilian oil company into a modern corporation. His success makes him LatinFinance’s CEO of the year.
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Brazilian Tech Bets
Internet deals are dominating merger and acquisition activity in South America’s biggest market. But value remains for investors in slow-growth, capital intensive businesses that need restructuring.
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Coverlink Arrives in Latin America
Ana Patricia Botín, president of Coverlink and daughter of BSCH CEO Emilio Botín, is expanding her Internet service company to Latin America, beginning with Mexico where Coverlink has acquired software […]