EXCLUSIVE Latin America's rising legal stars
The 25 names on our list are lawyers to keep an eye on in the region’s legal sphere
This Latin Business Chronicle list honors 25 lawyers who are quickly making a name for themselves in legal issues concerning Latin America. We have lawyers from a number of different firms and countries involved in capital markets, project finance, arbitration, and real estate. But what unites them is their reputation for excellence, and their commitment to resolving and facilitating the legal concerns of the region.
Cisco executive: Latin America must embrace WiFi and 4G
Brazil, Mexico, Chile and Colombia are the most committed to improving mobile experience
Latin America's next great leap in information technology should be focused on improving the experience of mobile users through WiFi and 4G, said Mauricio Carrillo, Cisco Latin America's senior director of engineering and architecture. "Brazil, Mexico, Chile and Colombia are the countries in the region that are most committed to that process," he said, Fox News Latino reports.
Venezuelan army seizes retail chain
Maduro forces company to charge lower prices
Venezuelan President Nicolás Maduro ordered the military occupation of Daka (left), a chain of electronics stores, over the weekend, accusing it of charging unfair prices. "This is for the good of the nation, leave nothing on the shelves, nothing in the warehouses, let nothing remain in stock," Maduro said on state television. The move led to looting in one of the company's stores in the city of Valencia. Some critics suggest the operation was a form of looting organized by the Government ahead of municipal elections in December, GlobalPost reports.
Batista's shipbuilder OSX to file for bankruptcy protection
After OGX fell, it was more than expected, it was a chronicle of a death foretold, says expert
Former billionaire Eike Batista is wagering on a single Brazilian consulting firm to oversee the court-supervised restructuring of his oil and shipbuilding companies. Batista replaced Alvarez & Marsal Inc. with Angra Partners to coordinate shipbuilder OSX Brasil's so-called judicial recovery process in Rio de Janeiro, Bloomberg reports.
Central bank: Colombia to grow between 3 and 5 percent next year
Country's oil and mining sector have attracted investments worth $10.3 billion this year
Colombia is expected to grow between 3 and 5 percent next year, according to the country's central bank. Third-quarter growth this year is seen in a range between 3.8 and 5.4 percent. Supply of credit was rising at a safe level and not too far above the rate of economic growth, said central bank head José Darío Uribe, Reuters reports.