The restructuring preserved all the creditors rights and achieved a fully consensual pre-approved plan in Brazil. The awards recognise the outstanding work of emerging legal leaders within the EMEA region. However, shareholder opposition to the approval of this bid stalled proceedings. One highlight was the firms work on Nicaraguan aspects of the Central America Bottling Corporations sustainability-linked loan. However, the US process would have wiped them out. He is also a professor at both NYU and Universidad Torcuato Di Tella in Buenos Aires. Rising Stars Awards | IFLR Nadine Amr Named an EMEA Rising Star by IFLR - Vinson & Elkins In Brazil, the restructuring of Andrade Gutierrez Internationals debt led to the implementation of a noteworthy and complex cross-border restructuring plan in just two months. The firm also advised on Sentinel Capital Partners acquisition of League. As both companies are publicly owned, minority shareholder interests also had to be taken into account, with a tailored strategy employed to balance the interests of all parties. It is hoped that it will help create a viable market for clean hydrogen and will make it scalable, creating the fundamental infrastructure needed to deploy it as an energy storage source. Ultimately, legal advisors used carefully structured covenants, termination rights and reverse termination fees to give both parties comfort that execution risks could be overcome. The Government of Barbados debt-for-nature swap set a new precedent. The latter deal involved the carve out Ricolino from the wider Grupo Bimbo. BlackRock Metals existing secured lenders were approved as stalking horse purchasers in a credit bid, for which an RVO would be sought. During her term, she led efforts to investigate the digital assets marketplace. IFLR1000 China Awards - winners announced | IFLR1000 To nominate deals, teams and firms for all the awards, please use the forms below. One standout is Amrica Mvil bond issuance. From a regulatory standpoint, this created additional complexity. One of the teams stand out deals of 2022 was the Bausch + Lomb IPO. Adding to the challenges, Petrochoice had assets across 20 US states, which raised complicated due diligence and lease issues, as well as a significant degree of risk from the mixture of state-level environmental laws. Last years IFLR Asia-Pacific Awards winners presentation, write ups and shortlists are free to view at Winners 2022 and Shortlist 2022. All entries must be uploaded to the PORTAL by November 18 2022. Cleary Gottliebs Andrs de la Cruz was the recipient of this years Outstanding Achievement Award, while Congresswoman Maxine Waters was the recipient of the Outstanding Contribution to Regulatory Reform Award. 2023 AFL Rising Star - Wikipedia Ultimately, the transaction resulted in the listing of Inter & Co Class A Common Shares on Nasdaq, the listing of Brazilian Depositary Receipts backed by Inter & Co Class A shares on B3, and the delisting of Banco Inter equity securities from B3. Both had to be closed simultaneously, alongside an additional traditional corporate finance revolving loan, which was added to minimise risk by funding any equity shortfalls. It is hoped that the deal will open the doors for other corporates to fund by warehousing. This had never been seen before in the country, and therefore there was no template for the process. The IFLR Europe 2023 Awards Jury characterises the rising stars as next generation leaders who have stood out with their work within their respective fields. Waters has also been a tireless advocate for equality and diversity throughout her career, and launched Congress first-ever subcommittee on diversity and inclusion. This was a significant business unit and had never previously operated as a standalone, which mean that ensuring that it could function independently from the moment of sale required significant structuring. We rank close to 5000 law firms and more than 21,000 lawyers across 12 practice areas and 250 jurisdictions. The restructuring of AG, one of Latin Americas largest engineering groups, took place on the backdrop of its involvement in the Lava Jato scandal and the depreciation of the Brazilian reais, raising challenges for the legal teams to reassure creditors. The interplay and conflicts between US law and the laws of Argentina, Brazil Chile, Peru, Ecuador and elsewhere were critical and challenging to navigate. Introduction IFLR1000 undertakes qualitative research into law firms and lawyers to inform the publication of annual rankings, ratings and awards, and editorial content. Named the 2023 Corporate In-house Team of the year, Amrica Mvil was noted during research for its strength in handling the complex process, and its ability to do so with a small team particularly impressed. We are excited to announce that Counsel Aksu Tuominen has won a Rising Star Award at the IFLR Europe Awards 2023. It was a pleasure to gather the Americas legal community at the Metropolitan Club, New York on May 18 to celebrate the winners of this years IFLR Americas Awards. This is particularly ambitious as it exposes the country to more volatility from external factors. Deals that reach financial close between the 18 November submission deadline and the end of the year can be submitted by a 6 January deadline. We are delighted to announce the launch of the direct submissions for the Rising Stars Awards 2022 research.In order to nominate your firm or in-house team's emerging leaders, please use the form below.For explanation on the awards categories, criteria, and key . The Rising Stars Awards releases its winners for the 2021 Americas awards John Harrison, September 02, 2021 Rising Stars Awards 2021: announcement and update John Harrison, May 27, 2021 Rising Stars Awards Europe 2020 - winners announced , February 18, 2021 Rising Stars Awards Americas 2020 - Winners Announced! For all marketing and business development solutions, please contact Anicette Indiana. The company was in the process of spinning off its telecommunications tower business, and wanted the financing for the spinco. This years shortlist encompasses a variety of projects, including renewables, port facilities and semiconductor fabrication facilities. Chilean start-up Xepelins warehouse securitisation was the first cross-border private warehouse supported by factoring assets in the market. Her efforts to compel crypto companies and exchanges to comply with US Securities Law continues. The shortlist will be published in April. This had not been done previously in the telecommunications industry and required extensive structuring to ensure the mechanism worked correctly. Arias Fbrega & Fbrega holds onto its title for a second year, buoyed by a track record of notable transactions across a variety of industry sectors. The firm has also been active in advising Panamanian banks in relation to the proposed modification of the legal framework regulating derivative transactions in Panama. The loan was issued under CEMEX's Sustainability-linked Financing Framework, with KPIs linked to reducing carbon dioxide emissions, and increasing the use of clean energy sources and alternative fuels. Mayer Brown wins multiple IFLR Americas Awards The office also advised on the purchase by Kirungu Corporation of various Honduran mining companies which, in turn, owned real estate and mining concessions. This required an analysis of the countrys fintech regulation around means of payment services with financial technology and virtual asset services. Pellerano Nadal Law & Consulting remains a leading name in the Dominican Republic, holding onto its title for a second consecutive year. Counsel Aksu Tuominen Awarded the Title of Rising Star at the IFLR Davis Polk counsel Joe Scrace was named a "Rising Star" at the 2023 IFLR Europe Awards. Closing the deal required a bespoke structure to secure, among other things, shareholder approval from TransGlobes shareholders by way of a Canadian proxy circular filed with the Canadian Securities Administrators, and to obtain approval of a Canadian plan of arrangement by the Court of Kings Bench of Alberta, Canada. The transaction included both a dollar and peso tranche and launched in February 2022 against a volatile market backdrop, owing to the Russian invasion of Ukraine and the prospect of interest rate hikes. In the depressed high-yield markets of 2022, an unsecured debt offering was not an attractive prospect so legal teams had to be creative in finding a path to financing. Regularly singled out during research as a driving force in first-in-kind deals, Ignacio Imas Innella is this years inductee into the IFLR Dealmakers Hall of Fame. The transaction was a milestone in the renewables industry, with Atlas holding 14 fully contracted solar assets across Brazil, Chile, Mexico and Uruguay. Taking the win this year is the LATAM Airlines Group. Cleary Gottlieb Shortlisted for 10 IFLR Americas Awards 2023 It is hoped that the transaction will open the way for further deals of this kind in the country. Ultimately, the Court ruled to grant the RVO, marking only the second time that the Superior Court of Qubec approved the use of and RVO in a contested matter. The awards ceremony was held in London on 3 May 2023. Debt Capital Markets Lawyer of the Year. IFLR Americas Awards 2023: winners announced The process was new for all those involved, so a framework for the deal had to be created from scratch. Legal teams had to weather tough market conditions to close deals in 2022. Standout deals include acting for LATAM Airlines in connection with its landmark restructuring and representing Stonepeak Infrastructure Partners on its acquisition of Lumen Technologies Latin American business. Sophie Astles March 22, 2023 Winners will be revealed at a ceremony on May 18 at the Metropolitan Club, New York IFLR is pleased to reveal the shortlist for the Americas Awards 2023, celebrating the most innovative cross-border work from across the region, and those behind it. The instrument is governed by Brazilian law, dollar-denominated and listed in Vienna. Star Awards 2023 prepares for the largest celebration of local Chinese entertainment industry talent and content in Singapore! The awards recognize the most legally innovative work across Europe over the past 12 months. This process created tension between shareholders in Chile and US creditors, and meant that reconciling US and Chilean law was key to the success of the LATAM case. 2023 Rising Star Awards Now Open For Nominations Under the mechanism, only the Brazilian securitisation vehicle requires Central Bank approval, paving the way for foreign investors to take part. Joe Scrace named a "Rising Star" at the 2023 IFLR Europe Awards Individual investors were given the opportunity to invest funds from the Brazilian social security system indirectly into the company's shares. Recently Published Women in Business Law Awards Americas 2023: winners revealed 12th annual awards announces winners June 9, 2023 Women in Business Law Awards Women in Business Law Awards Americas 2023: winners revealed John Harrison, June 09, 2023 Women in Business Law Awards EMEA 2023: shortlist revealed John Harrison, May 04, 2023 His practice spans a wide range of corporate finance work, but he is perhaps best known as a veteran of sovereign debt deals. The firms work on some notable restructurings helped to secure its win of the Banking & Finance firm of the Year for Canada. Women in Business Law Awards EMEA 2023: winners revealed, Outbound investment bears brunt of escalating US-China tensions, Women in Business Law Awards Americas 2023: winners revealed, Multinationals strategise to overcome Chinas data export rules. A decision from the Brazilian Supreme Court was needed to allow the transfer of the concession to Spains Acciona, without the need for a new bidding process. The extensive list of law firms involved in the case is testament to the sheer effort put in by teams from across the Americas to bring the restructuring to a close. The firms banking and finance work also included some standout mandates, including some complex syndicated loans. As there was no legal precedent for a project of this kind and the legal teams had to work through a lot of uncertainty to create bespoke project agreements. Gonzalo Go Mayer Brown was named "Team of the Year" in the Securitization and Structured Finance category and advised on a winning transaction named "Deal of the Year" in the Project Finance category in the 2023 IFLR Americas Awards. She joined the Euromoney group in 2021 from another legal benchmarking business. Coruripe made use of IAA credits to guarantee its bond, in a rare issuance of secured debt in Brazil. Restructuring continued to generate cases that tested cross-border frameworks to their limits throughout the Americas in 2022. The former involved five separate exchange listings, and assets and legal entities in numerous jurisdictions, with often conflicting regulatory regimes. Beccar Varelas financial services regulatory work helped it to stand out in 2022. Unlike previous iterations in Belize and the Seychelles, this deal included no new money and took place outside of a restructuring. The deal was a credit transaction formalised by a securitisation, using a bespoke structure to provide Goldman Sachs with protections analogous to that of a warehouse lender. The transaction also included a cash-out component funded with a debenture issuance in Brazil. The Net-zero Transition Award recognises a firm, in-house team or project that has taken positive steps towards net-zero transition, through initiatives that improve sustainability, work that helps clients to decarbonise, or innovative deals that help develop market practice. Women in Business Law Awards EMEA 2023: winners revealed | IFLR The latter transaction spanned jurisdictions across Central, South and North America and consolidated loans held by Phoenix Tower Internationals Latin American and US subsidiaries and repackaged them into one single USD2 billion facility. Another notable feature of the Salaverry Port bond is the fact that the B loan was supported by a private placement, which is unusual in the Peruvian market. IFLR Asia-Pacific Awards 2023: open for entries | IFLR Guide to the world's leading financial law firms | IFLR1000 Arguably the biggest piece was simply achieving consensus among the parties, which required counsel to explore all available Chapter 11 tools. Waters contributed to overhauling the financial services industry following financial crisis, playing a key role in crafting the Dodd-Frank Act. She helped launch the firms Women Attorney Affinity Group, which aims to promote professional development and empowerment of female lawyers through training, special forums, and mentoring. The breadth of this years shortlist is notable, with acquisitions spanning a variety of sectors including healthcare, telecommunications and cybersecurity. Also in the solar market, the Luminance ABS was a first-in kind private asset-back securitization of commercial and industrial solar assets. Winning this year is Mooves acquisition of PetroChoice, a market leader in lubricant solutions. His work on the Republic of Argentinas sovereign debt management process has set invaluable global precedents on the use and implementation of collective action clauses (CACs) and developed the practice of sovereign liability management. The Rising Stars Awards aims to recognise the outstanding work being done by the region's emerging leaders. The issuance was also the first that involved Spanish co-issuers, with counsel creating a structure to ensure compliance with Spanish law to manage liability and local law restrictions. IFLR will consider the sophistication and complexity of the work and the impact of the legal innovation, as well as contextual challenges in execution, such as political risk. Intelsats mammoth restructuring is a true landmark case. Its advice to Prisma Medios de Pago in connection with its acquisition by Advent International also stood out. The Rising Stars Awards have released the list of winners for the 2022 Asia-Pacific awards. As a result, legal teams had to find a way to harmonise different legal jurisdictions over the issue of shareholder rights, finding a path that worked for the majority of creditors. Reconciling regulatory requirements in both countries was also key, and in doing so a workable path for such a deal has been created. Awards ceremony: March 2023 (date and venue TBC), You can download all the forms you need to make your nominations here. As such, it provides a replicable and scalable model for other countries with private sector debt. Singapore: Tian Sion Yoong and Stephanie Yeo Recognized in IFLR Rising She successfully fought for provisions to the landmark law that enhanced consumer protections and more effectively policed industry practices that led to the 2008 recession. IFLR1000 is a leading international legal market research product specialised in ranking financial and corporate law firms and lawyers. Another highlight is the groups work for Victory Park Capital in connection with a secured financing granted to Nelo Mobile. The deal was subject to both US and Canadian regulatory regimes, which created some complexities around securities laws and modelling the business under both frameworks. The Women in Business Law Awards teams would like to express their deepest gratitude to every firm, lawyer, and company that participated in the research for this year's awards. This aligns the issuance more closely with corporate bonds and means that its emissions are measured as a percentage of its GDP. The Kaseya / Datto acquisition financing speaks to this trend and was one of the largest direct lender financings ever closed. The Asia-Pacific awards research cycle has now begun dont miss on this opportunity be recognised in 2023, The Europe Middle East & Africa awards research cycle has now begun dont miss on this opportunity be recognised in 2023, The Women in Business Law Awards announces the panelists for the 2023 Global Advisory Panel, The Americas awards research cycle has now begun dont miss on this opportunity be recognised in 2023, Important dates for the Women in Business Law Awards 2023, The Women in Business Law Awards is excited to present the shortlist for the first Global Awards. The Planeta Securitizadora Green CRA this years Securitisation and Structured Finance Deal of the Year took advantage of a recent change in legislation to allow agribusiness receivables certificates (CRA) to be issued in foreign currency, and is a landmark in foreign investment into securitisation in the country. The final transaction used a novel multi-source debt financing, comprising a combination of taxable commercial bank loans and tax-exempt bonds purchased by Royal Bank of Canada. A big congratulations to all the winners and the shortlisted nominees! Its roles on Stonepeaks acquisition of Lumen Technologies Latin American business, and the ArcelorMittal / voestalpine HBI plant deals helped to secure its victory. October 12, 2022 We are pleased to announce that our Financial Services Regulatory and Derivatives & Structured Products Partner Tian Sion Yoong and Restructuring & Insolvency and Special Situations Advisory Partner Stephanie Yeo have been recognised in the IFLR Rising Star Awards Asia Pacific 2022. It is hoped that the transaction will create a successful precedent to permit cheaper financing for solar in future. IFLR has five prestigious annual awards, covering Europe, Asia-Pacific, the Americas, the Middle East and Africa. In 2022, Haddad led the firms efforts to redesign its parental policy, aiming to address gender-based parental inequality. Completing a US style deal in Brazil presented a number of challenges, including over the use of rep and warranties insurance . As well as being active in the financial markets, Banco Regional is also involved in the local insurance and capital markets industries through its subsidiaries. On the real estate side, two loans were secured by mortgages on data-centre properties located across the United States, along with a European balance sheet loan secured on data centres in Europe. This solution built liquidity for Carnival, allowing Carnival to raise further convertible debt later in 2022. Edging ahead of its competitors to take the win this year, Rodrigo Elas & Medrano Abogados was involved in two of this years winning deals: the LATAM Airlines Group restructruing and The Central America Bottling sustainability-linked bond. The participation of severance funds in the offering necessitated creativity in adapting to the regulations, as well as work to ensure that the marketing materials were sufficiently informative. The Women in Business Law Awards will host its inaugural Global Awards ceremony in 2022! Local Mexican law gives men or secondary caregivers five business days of paid parental leave, while women or primary caregivers have 12 weeks of paid parental leave. The latter is a highly cross-border deal, with Stonepeak acquiring a platform with an extensive cross-border, subsea, terrestrial fibre and data centre footprint across the region. Rising Stars Awards Europe 2020: shortlist revealed, Rising Star Awards Americas 2020: shortlist announced. The Ferrocarril Central PPP was financed through a tailor-made B Bond structure, which is largely new to the market. Its assistance to the Fondo Latinoamerica de Reservas in connection with a USD1.1 billion loan to the Costa Rica Central Bank was one highlight. Brigard Urrutia retains the Colombia Firm of the Year for 2023. A varied portfolio of transactional work helped BLP to retain its title as Costa Rica Firm of the Year. It involved approvals from competition authorities in five jurisdictions and legal teams had to come up with bespoke solutions across the board. This year's survey received the highest engagement ever for the guide. The teams involvement in a variety of cross-border financings helped to set it apart from its rivals. The original sponsors were implicated in the Lava Jato scandal, which stalled the project. Jamie is an editor on the awards research team. IFLR has named White & Case partner Erin Hanson (New York), counsel Jessie Baxter (New York), associate Jennifer Ivers (Washington, DC) and associate David Riesenberg (Washington, DC) among the select group of Americas-based "Rising Stars" for work performed in 2020, announced on IFLR.com on January 28. This years winner is the CyrusOne take-private financing, which funded KKR/Global Infrastructure Partners take-private acquisition of data-centre REIT CyrusOne. Retail investor participation was a key component of the deal, which is another of the deals more unusual features. Awards | Events | IFLR It is our great pleasure to inform you that the preeminent industry programme for recognising the achievements of emerging leaders in the practice of law, the Rising Stars Awards, is returning for 2022! A wealth of legal innovation is showcased on this years M&A shortlist. Claro & Cias involvement in high-profile restructuring cases helped it to stand out from a competitive field. This reduces time spent on repetitive tasks and reduces the risk of human error. The firm was recognized in the following categories: M&A Deal of the Year: Moove / PetroChoice IFLR is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730. In 2009, Andrs moved to Buenos Aires to spearhead the opening of Clearys office in Argentina. Parties worked to ensure that the targets were sufficiently demanding that exceeding them would be genuinely challenging. Rising Stars Awards Americas 2022 - winners announced | IFLR IFLR Africa Awards 2022: open for entries | IFLR IFLR defines a Rising Star as an associate or of counsel (or recently raised partner) under . The nominations process for the 2023 Rising Star Awards are open until 22 March 2023. For the first time in three years, the Asia-Pacific awards will be held in person at an awards ceremony in Singapore in March 2023. We have also introduced a new Net-zero Transition Award and Tech Innovation Award open to both in-house teams and law firms. The countrys SLB included a novel coupon step-down, creating a scenario in which the issuer is not only penalised for not meeting targets, but is incentivised to go further and exceed targets. It was the first SLB by a Central American issuer. The former was a non-recourse financing, structured to finance a share acquisition. The merger also took advantage of the 1933 Act, allowing VAALCO to have the deal approved in a Canadian court, thus avoiding SEC review and expediting close. Deals that reach financial close between November 19 2022 and the end of the year can be submitted by January 6 2023. Mayer Brown associate Gonzalo Go was also recognized as a "Rising Star." The funding strategy used dollar and peso funding to create a hedge, helping to reduce investment risk. Many of the regions top law firms, banks and corporates were in attendance, and it was great to welcome guests from across the US, Canada and Latin America. The deals also form the basis of most of the team and firm of the year awards after all, these awards are all about legal innovation in cross-border transactions. The 2023 awards offer more opportunities than ever for in-house legal departments to win awards, including a new In-house regional bank team of the year award. An independent Environmental Committee will review and provide input into the environmental management of the facility. Judged independently by IFLR's editorial team, the awards focus exclusively on legal innovation in cross-border transactions that reached financial close during the 2022 calendar year. The seller Ultrapar Participaes, is a publicly held company, meaning that the sale triggered the right of first refusal in favour of its shareholders for both primary and secondary tranches of the transaction. In addition, the firm advised Fintech Volcn Nicaragua in relation to its expansion. The proposition also created challenges for the SEC as there was no defined process to follow. The deal was subject to both US and Canadian regulatory regimes, which created complexities around securities laws and modelling the business under both frameworks. The deal had been attempted previously and its successful close broke new legal ground. Republic of Chile sustainability-linked bond, Republic of Uruguay sustainability-linked bond, Carnival Corporation senior priority notes, The Central America Bottling sustainability-linked bond, Moove / PetroChoice acquisition financing, Boston Scientific Corporation / Baylis Medical Company, Advent International / Prisma Medios de Pago, Cinven / Bayer Environmental Science Professional, Global Infrastructure Partners / Atlas Renewable Energy, Stonepeak / Lumen Technologies Latin American business, Commonwealth of Puerto Rico Plan of Adjustment, CFG Partners asset-backed acquisition financing, National Commercial Bank Jamaica merchant voucher receivables securitization, Asian countries expected to adapt ISSB standards to local needs, Women in Business Law Awards EMEA 2023: winners revealed, UK Law Commission report: a positive for crypto industry, Patchwork of regulation creates minefield for US crypto firms. We help buyers of legal services make informed strategic decisions when hiring external counsel. Steve Wang named a "Rising Star" at the 2020 IFLR Asia-Pacific Awards The LMG Life Sciences Awards is excited to present its shortlist for the 2022 EMEA Awards. Firms such as Colab in Paraguay have made use of Brevity to enhance the client service they offer.
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