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JANUARY 2013 M Biog:
Moreno Ruffinelli & Asociados advised Millicom on this transaction, led by managing partner, José Antonio Moreno Rodríguez. Moreno Ruffinelli & Asociados is an ISO 9001 quality certified Paraguayan law firm recently advising complex transactions in leading sectors of the country regarding banking and capital markets, meat and packing, oil and gas, ports and telecoms, inter alia.
A Harvard LL.M, José is one of the two Latin Americans of the fifteen experts in the Working Group of the Principles of International Contracts of the Hague Conference on Private International Law. He is also Secretary General of the American Association of Private International Law (ASADIP)
advisor Insight
tell me a little about your involvement in this deal.
Our law firm was hired to provide legal advice for this transaction, including due diligence of the five companies to be acquired and actively working in the drafting of the documents for the transaction, in coordination with colleagues in other jurisdictions.
What were the main challenges & complexities for you and your company regarding this transaction?
This is the largest M & A in Paraguay´s telecom history,
involving multiple jurisdictions;
understandably, there were many challenges to be surmounted.
Is this a typical transaction for you? What other types of transaction have you been involved in?
Our law firm has been very active in M & As in
recent times, including the acquisition of around 35 million dollars of Frigobeef meet and packing company by our Brazilian client Minerva. This is the largest transaction in Paraguay´s history in this important sector of the economy of Paraguay.
Which sectors do you specialize in?
International contracts. Arbitration. M & As. Banking and Capital Markets Law. Foreign investments in general.
How has this transaction differed from your previous work?
This transaction was very demanding and time-consuming, involving twelve highly- specialized attorneys of our law firm, working in close coordination with other legal teams in multiple jurisdictions.
Tel: (595)(21) 214 688 Email: jmoreno@moreno.com.py
He is author of several books and legal articles published in the United States, Spain, Peru, Colombia, Chile, Ecuador, Argentina and Brazil on international contracts, arbitration, banking law, capital markets law, foreign investments and commercial law, among others.
He is arbitrator of the Centro de Arbitraje de la Cámara de Comercio de Paraguay and of the Comisión Mixta del Río Paraná (COMIP), as well as the Interamerican Committee of International Commercial Arbitration (CIAC) and AMCHAM Perú. He is one of the Coordinators of the world-renowned Latin American Arbitration Conference (CLA)
Transactions
89
illicom International cellular acquires cablevisión Paraguay
Advisors to Millicom International Cellular:
deal overview
Millicom International cellular S.a. (“Millicom”) (Stockholmsbörsen: MIc) (Sto:MIc) recently acquired 100% of cablevision Paraguay. Millicom has now assumed management control of cablevision Paraguay and will consolidate the operation’s results. the results for cablevision Paraguay will be reported as part of the South america region.
Millicom International cellular S.a. is a global telecommunications group with mobile telephony operations in 13 countries in Latin america and africa. It also operates various combinations of fixed telephony, cable and broadband businesses in five countries in central america. the Group’s mobile operations have a combined population under license of approximately 270 million people.
contact:
José antonio Moreno Rodríguez Avenida Perú 1044 esquina Rómulo Ríos Asunción – Paraguay