The article focuses on the recently passed Argentine law implementing a criminal liability regime applicable to companies. The new regime is based on recommendations issued by the Organisation for Economic Co-operation and Development (OECD), and on concepts employed by other jurisdictions with similar legislations. However, the Argentine law does not incorporate certain requirements that are mandatory under other foreign laws. The article describes some of these requirements and stresses the opportunity that local companies in Argentina now have to create compliance programs that eventually may be effective in several jurisdictions. (http://cedeflaw.org/pdfs/201811512147-144.pdf)
Rafael A. Ginebra and Melissa M. Rodriguez advised Mercon Coffee Group, a global leader in the coffee industry, in the negotiation of a secured syndicated loan facility with several European banks led by Rabobank COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as Administrative Agent, and Lender, as well as in the negotiation of secured credit facilities with NEDERLANDSE FINANCIERINGS-MAATSCHAPPIJ VOOR ONTWIKKELINGSLANDEN N.V., the Dutch government development bank, for financing the development of coffee mills and providing microfinance loans to small, family owned coffee growers in Central America.
Ezequiel A. Camerini, Rafael A. Ginebra, Tomás M. Casalins and Melissa M. Rodriguez advised Mr. Demir Sabanci Sedes Holdings A.Ş. in the negotiation of the sale of 55% of the capital stock of Gratis İç ve Dış Ticaret A.Ş., a prominent retail chain established in Turkey in 2009 which operates under the name of “Gratis”. Gratis İç ve Dış Ticaret A.Ş. focuses on personal care products and cosmetics, and has a nationwide network of 490+ stores in Turkey. The transaction was closed in December 2017, after more than nine months of negotiations. Under the coordination of Fox Horan & Camerini LLP, Mr. Demir Sabanci and Sedes Holdings A.Ş. were also represented by Umut Kolcuoglu (Partner), Bihter Bozbay (Associate) and Gizem Zeynep Bolukbasi (Associate) from Kolcuoğlu Demirkan Koçaklı, and Mr. Paul Sheridan (Solicitor).
Rafael A. Ginebra and Melissa M. Rodriguez advised Laboratorios Elea in the negotiation of the acquisition of 100% of the capital stock of Laboratorios Phoenix, a pharmaceutical company located in Argentina, from Glaxo SmithKline. The transaction will close by the end of the year.
David C. Camerini and Tomas M. Casalins gave a presentation in Santiago, Chile, about the Foreign Corrupt Practices Act (FCPA) and the necessity of having a Compliance Program. The presentation was held at Club de Polo y Equitación San Cristóbal. The event was sponsored by the Santiago international law firm, Palma Abogados. The presentation focused on the current applications of the FCPA and how the SEC and the DOJ are investing more time and resources to enforce it. The presentation was attended by executives of Chilean subsidiaries of multinational corporations and Chilean groups. Also in attendance were compliance officers of Chilean businesses, as well as local lawyers.