Category Archives: Latin America

Dilma’s Reelection

Democracies, at their best, are messy.  Everybody has an opinion, and that’s the way it should be.  Most observers of the Brazilian Presidential election had a negative opinion of Dilma Rousseff’s chances of being re-elected to the Presidency of Brazil.  On Sunday, she proved them all wrong, winning a second term as the leader of the world’s fourth largest democracy in the closest presidential election in Brazil in more than two decades.

Her triumph came despite a sluggish economy, corruption allegations, discontent over the quality of public services and anger over the government’s handling of two major international sporting events – last summer’s World Cup and the 2016 Summer Olympics.  Goes to show once again, change is a tough pill to swallow for most electorates.

Read Vinod Sreeharsha’s Miami Herald article here:

http://hrld.us/1wBMFi6

Brought to you by Miami International Business Attorney

Guatemala Has More Cell Phones Than People, Thanks to Local Billionaire

 

In the United States, Guatemala is making the news for some of its unaccompanied children trying to cross the U.S. border. But American investors would be wise to look at Guatemala more carefully. There could be investment opportunities in this tiny Central American company. Just follow the lead of the country’s first billionaire, Mario Lopez Estrada.

Read Blake Schmidt’s Bloomberg News article here:

http://bloom.bg/1lsqySV

 

Brought to you by The Victoria Law Group

 

panama canal arbitration miami

Miami Hosting Panama Canal Arbitration

Arbitration of the first claim in a $1.6 billion dispute over cost overruns in the expansion of the Panama Canal gets under way soon.

It will start with a teleconference to determine procedures, both sides’ positions and a timeline. Then the impasse will be arbitrated by an international tribunal seated in Miami.

International Arbitration in Miami.  Yeah, we’ve got that.

 

Read Mimi Whitefield’s Miami Herald article here: http://hrld.us/1r1X02a

Brought to you by Miami International Business Attorney

Speculators Betting Against Argentinian Bonds

As much of the world witnessed, Argentina suffered a major setback on the soccer pitch.  Now, as investors are watching, Argentina looks poised to experience economic calamity in the global financial markets.

Argentina’s dollar bonds slipped as comments by officials fueled concern the country won’t be able to reach an accord with holdout creditors that would keep it from defaulting.

Notes due in 2017 fell 0.59 cent to 95.61 cents on the dollar in New York last week, the lowest level since July 8, after Cabinet Chief Jorge Capitanich said the onus was on bondholders to collect interest after Argentina was prevented from paying. President Cristina Fernandez de Kirchner said she invites holdouts to swap bonds under the same conditions the country offered in its 2005 and 2010 debt restructurings.  In other words, give up your junk for more junk.  Pobrecito La Argentina, pobrecito.

Read Camila Russo’s Bloomberg News article here:

http://bloom.bg/1sy4cqv

Brought to you by Miami International Business Attorney

Uruguay’s Marijuana Plan, Not So Crazy?

Uruguay’s President Jose Mujica recently explained his idea for nationalizing the pot trade in Uruguay.  From the sound of it, there is a real possibility that people in his country will soon be able to buy Marijuana legally from a state-regulated company that will be in charge of marketing and selling the drug.  Well, they’ve tried everything else, why not.  One caveat, they better have plenty of munchies on hand.

Read Andres Oppenheimer’s Miami Herald article here:

http://hrld.us/MGZP8r

Brought to you by Bob Arnold from Miami International Business Attorney.

Latin America: Region Getting Bigger Slice of the Pie

The business relationship between the hemispheric partners is becoming more rosy by the day. The U.S. and Latin America are enjoying a robust trading relationship despite disagreements with some countries. We have agreed to disagree but not be disagreeable, at least some of us.

Read Antonio Maria Delgado’s Miami Herald article here:

http://hrld.us/SEEg5I

Brought to you by Bob Arnold from Miami International Business Attorney

Pursuit of Gold in Lat Am Comes with Risk and Reward

In my practice, I have concluded transactions for gold from Africa, Canada, and Mexico, and had inquiries from Belize to Bolivia.  The world is going bonkers in pursuit of the precious metal.  In our back yard, steadily high prices for gold are having a dramatic impact on parts of Latin America.  A flood of foreign investment is fueling a gold bug among wildcat miners in the jungles.  It’s the Wild, Wild South.

Read Tim Johnson’s Miami Herald article here:

http://bit.ly/R52A4z

Brought to you by Miami International Business Attorney

Panama and U.S. Ready to Dance

If you’ve ever done any business in Panama, you have to wonder what took these two partners so long to solidify their relationship.  Panama is very business friendly.  The U.S. purports to be equally business friendly, and the self-proclaimed world leader in capitalism and capital markets.  Panama is a gateway to the U.S. What took so long?  Well, finally, more than 86 percent of the U.S. industrial and consumer goods will enter Panama duty free.  Elimination of tariffs on remaining products will be phased in.  Let the dance begin.

Read Mimi Whitefield’s  Miami Herald article here:

http://hrld.us/TR6uLk

Brought to you by Miami International Business Attorney

Latin America Gets Cold Shoulder During U.S. Election Season

Neither of the two major Presidential candidates has bothered to visit Latin America during the campaigning season.  Other than the political jockeying over Cuba and Mexico, most of Latin America doesn’t deliver votes and therefore doesn’t garner a mention in the daily talking points on the campaign trail. In a U.S. election preoccupied with the economy and the Middle East, Latin America has been feeling left out.  In my opinion, this is the time they should be grateful that they are not in a battleground state.

Read Jim Wyss’ Miami Herald article here:

http://hrld.us/UIEbEn

Brought to you by Miami International Business Attorney

In Ghana, the Argentine Sailors Leave, but the Ship Stays

How about this for international news:  Those on the Libertad got Libertad, but the ship named Libertad got Embargado.  Think we don’t live in a globally interconnected economy?  Other than a U-17 soccer championship, when else might you say Ghana, Argentina, France, and the U.S. in the same breadth.  More than 280 crew members of the Argentine naval sailing ship, Libertad, have boarded an Air France plan in Ghana to take them home to Argentina.  The ship will remain in Ghana to satisfy a debt owed to a U.S. Company.

Read Bismarck Tribune article here:

http://bit.ly/VrE3EZ

Brought to you by Miami International Business Attorney