BRAZIL FIRM BRIEFINGS Souza Cescon Barrieu & Flesch
2012 Firm Overview Most active disciplines
Disputes: Financial and corporate, Public, Tax Financial and corporate: Banking, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Construction, Employment, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax, Transfer pricing
Key energy sectors
Mining and metals, Oil and gas, Power networks and distribution, Renewables, Traditional power
Key infrastructure sectors Airports and aviation, Ports and shipping, Rail, Roads, Water and sewage
Key partners
Luis Antonio Semeghini de Souza, Rafael Baptista Baleroni, Alexandre Gossn Barreto, Fernando de Melo Gomes, Ronald Herscovici, Roberto Mario Lima Neto, Mauricio Teixeira dos Santos, Karin Yamauti Hatanaka
Souza Cescon Barrieu & Flesch has developed into a leading participant in the energy and infrastructure sectors, with a focus on oil and gas and offshore support (including shipping financing), energy, toll roads, urban projects, and industrial plants. On December 27 2012, Souza Cescon lawyers Karin Yamauti
Hatanaka, Fernando de Melo Gomes and Alexandre LR Leite closed a project financing for Banco do Brasil and Banco Itaú BBA, valued at R$450 million ($226 million). The funds will finance a new sugar re- finery in Ivinhema, with an anticipated output of four million tons of sugar cane and 300,000MW of electrical energy annually. In September 2012, Roberto Lima, Daniel Fazio, and Thiago
Wscieklica provided counsel to Fundo de Investimento do Fundo ge Garantia do Tempo de Serviço as lender in a R$1.52 billion debt fi- nancing, also supported by loans from BNDES, for the development of the UHE Santo Antônio hydroelectic power plant. This 3,150MW plant is under development by Odebrecht Andrade Gutierrez, Caixa FIP Amazônia, CEMIG and FURNAS. In 2011 and 2012, Souza Cescon’s attorneys represented Sete Brasil
Participações in the $27.4 billion construction of 28 deepwater rigs for the exploration of pre-salt oil and gas in the Santos Basin. Petrobras will hold a charter for the processing of these reserves. With costs esti- mated at $20 billion of investments over the course of a decade, the project stands as Petrobras’s largest exploration to date. The equity por- tion of the transaction closed in June 2011, the first bridge financing closed in August 2012 and the debt portion is still under negotiation.
Stocche Forbes Padis Filizzola Clapis Advogados
2012 Firm Overview
Most active disciplines Disputes: Financial and corporate, Public, Tax Financial and corporate: Banking, Commodities trading and energy derivatives, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Construction, Employment, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax, Transfer pricing
Key energy sectors
LNG, Mining and metals, Oil and gas, Power networks and distribution, Renewables, Traditional power
Key infrastructure sectors Airports and aviation, Defence, Education, Healthcare, Ports and shipping, Rail, Roads, Water and sewage
Key partners Guilherme Forbes, Frederico Moura, Paulo Padis, Miriam Signor
Stocche Forbes Padis Filizzola Clapis Advogados is a brand new firm. It sprang into existence in August 2012 when over a dozen lawyers left Machado Meyer with a view to launching their own M&A, infrastruc- ture, capital markets, banking, real estate, and arbitrational practices. The newness of the firm does not make it inexperienced; on the con- trary, Pablo Padis and a few of his colleagues are considered some of the brightest and most capable figures on the Brazilian legal scene. Currently, Stocche Forbes is advising Zaff in all regulatory, legal, and
contractual matters related to the R$6 billion acquisition of Grupo Rede, a distressed conglomerate of energy distribution companies, cur- rently under judicial recovery. In July 2012, the firm provided counsel to Largo Resources in the
developing of the Vanadium mining project in the State of Bahia, a project that entailed mining and environmental licensing, working out an EPCM agreement, negotiating an off-take agreement, and haggling over equipment purchase agreements. The firm also helped Largo ob- tain $140 million equity funding from a pool of investors, and obtain a R$333 million local currency, non-recourse project facility from a syndicate of banks led by Banco Itau. In December 2012, Stocche Forbes advised Santander and Banco
do Brasil with respect to the Surety Bond, and all lenders with regard to collateral package and intercreditor issues associated with the R$3.6 billion construction of a cellulose industrial plant.
48 ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013
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