The loan was reported in The Latin Lawyer. Partners Michael Hagan and David Camerini and associate Eric Fidel in New York advised the Favorita Group, a leading Ecuadorean company in the fruit sector and in other product areas, in obtaining a USD $102 million syndicated loan to retire short-term debt and expand operations. Banco Latinoamericano de Comercio Exterior (Bladex) acted as arranger, bookrunner, agent and lender in the deal. The lending syndicate led by Bladex included an additional ten major regional financial institutions.
Theo Cheng was elected to the Board of Directors of the American Arbitration Association (AAA) at the organization’s most recent Annual Meeting. Mr. Cheng is an arbitrator and mediator on the AAA’s Roster of Neutrals and has long served as an arbitrator and mediator on other private and court rosters.
U.S. Ambassador to Brazil, Liliana Ayalde, delivered opening remarks at a reception sponsored by the Firm in partnership with the Brazilian-American Chamber of Commerce, the Brazil-U.S. Business Council, the Brazilian Embassy, AmCham Brasil, the Brazil Industries Coalition and APEX Brasil in Washington D.C. More than 30 Brazilian companies that participated in the Select USA Summit from a variety of sectors, including, food & agriculture, pharmaceuticals, financial services, aerospace, retail and technology, among others, as well as Brazilian industry groups such as FIESP (the São Paulo State Federation of Industries) attended the reception.
Hosted by the American Arbitration Association’s Board of Directors and the Fordham University School of Law, this conference brought together some of the world’s most prominent leaders and experts on resolving conflicts that result from commerce and trade to address the role that governments, corporations, and individuals can play to encourage economic development and improve the way in which disputes are resolved. The Firm was proud to be a law firm sponsor for this important inaugural conference.
More information on the conference is available here.
The Honorable Seiji Maehara , former Minister for Foreign Affairs of Japan, was the keynote speaker at a program entitled “East Asia on the Brink: What Japan Must Do to Assure Regional Stability,” a Japan Society program co-sponsored by Waseda USA , a New York not for profit corporation founded by Waseda University, Tokyo, Japan. Partner Chizuko Ueno, who is a Waseda graduate, organized the program, which included Xiaobu Lü, professor of Political Science, Barnard College and Sheila Smith, senior Fellow for Japanese Studies, Council on Foreign Relations. The program was attended by over 200 guests including the Japanese Ambassador to the United Nations, the Honorable Motohide Yoshikawa, as well as other diplomats. Ms. Ueno also assisted in organizing another presentation by Mr. Maehara the next day at the Council on Foreign Relations.