A Latin Business Chronicle column on Latin American firms going global wins the prestigious Burton Awards.
BY CHRONICLE STAFF
An opinion article written for Latin Business Chronicle by two partners at U.S.-based law firm Sullivan & Cromwell has won a Burton award, the equivalent of the Pulitzer Prizes for lawyers.
The article, Latin American Firms Pursue Global Status, was written by Frank Aquila, a partner in the Mergers and Acquisitions group and Sergio Galvis, head of the firm’s Latin American Practice and a member of its Mergers and Acquisitions Group.
“Sergio Galvis and I are delighted to be recipients of the 2010 Burton Awards, particularly knowing that more than a thousand articles written by some of the top lawyers in the country were considered for this honor,” Aquila says. “We also are very appreciative that Latin Business Chronicle ran the article last year. Having written many pieces during the course of the year, I probably received more positive reactions from that article than any other I wrote during the .. the year.”
The Burton Awards for Legal Achievement, which is held in association with the Library of Congress, selected thirty winners from all the entries that were submitted by the nation’s 1,000 largest and most prestigious law firms.
The submissions were judged by an Academic Board led by Virginia Wise, a renowned teacher at Harvard Law School; Anne E. Kringel, a widely recognized expert in legal writing at the University of Pennsylvania Law School; Grace Tonner, a prominent dean from the University of California Law School at Irvine; Judge Ed Forstenzer, a distinguished judge from California’s Superior Court (retired); and William Ryan, a direct descendent of Noah Webster.
"The Latin American multinational has truly come of age," Aquila and Galvis wrote. "InBev’s acquisition of Anheuser-Busch and Vale’s unsolicited acquisition of Canada’s Inco, besting North American rivals Falconbridge and Phelps Dodge, attest to the business savvy and financial firepower existing today among Latin American companies."
They concluded that in the years to come, there will be many more deals involving companies from Latin America acquiring their formerly larger competitors in the United States, Europe and Asia.
The Eleventh Anniversary Burton Awards event will be held at the Library of Congress on June 14, 2010.
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