Latin America

... British Virgin Islands Global group. Commenting on the promotion, Global Managing Partner of the firm, Henry Smith, said "As co-head of our Latin American practice group, Kieran has gained invaluable experience in assessing client needs on a regional basis in addition to by reference to specific legal disciplines.  That meant that Kieran was a natural choice for this role."

Kieran confirmed "I am delighted with the promotion, which gives the firm the commercial advantage of positioning itself in an even more co-ordinated manner than before to service our clients' British Virgin Islands law needs from our different offices.  In today's market, legal and financial trends spread across regions quickly and, in order to best serve clients needs, global co-ordination is key."

Represented Grupo de Inversiones Suramericana S.A. ("Gruposura") in connection with the issuance by its wholly owned Cayman Islands subsidiary, Gruposura Finance, of U.S.$300 million principal amount of 5.70% Notes due 2021 offered under Rule 144A/Regulation S, and unconditionally guaranteed by Gruposura. Gruposura is the principal shareholder in a group of companies which are market leaders in Colombia across diversified industries, including commercial banking (Bancolombia S.A.), insurance (Suramericana S.A.), pension fund administration (Protección S.A.), processed foods (Grupo Nutresa S.A.), cement and ready mix production (Cementos Argos S.A.) and energy generation (Compañía Colombiana de Inversiones S.A.).

Represented General Shopping Brasil S.A. in connection with the issuance by its wholly owned Cayman Islands subsidiary, General Shopping Limited, of U.S.$50 million principal amount of 10.00% perpetual bonds offered under Rule 144A, and unconditionally guaranteed by General Shopping Brasil S.A. The bonds are being offered as additional debt securities under an indenture pursuant to which General Shopping Limited issued US$200 million of guaranteed perpetual bonds bearing interest of 10.00% per year in November 2010. General Shopping is a leading participant in the shopping centre industry in Brazil who actively participates in the site search, planning, development and construction of shopping centres.

Represented Arcos Dorados Holdings Inc.  ("Arcos"), the world’s largest McDonald’s franchisee in terms of systemwide sales and number of restaurants, in connection with its intra-group spin-off restructuring and its U.S.$1.25 billion listing on the New York Stock Exchange.  The IPO was more than ten times oversubscribed and was the first Latin American IPO to price above target during 2011. Arcos is a British Virgin Islands Business Company based in Buenos Aires with 1,755 McDonald’s branded restaurants in 19 countries and territories in Latin America and the Caribbean.

Represented Agropecuária Nossa Senhora do Carmo S.A. and certain of its subsidiaries in connection with the issuance by its wholly owned Cayman Islands subsidiary, Virgolino de Oliveira Finance Limited, of U.S.$300 million principal amount senior unsecured notes due 2018.  Application has been made to approve and admit the notes for listing on the Official List of the Irish Stock Exchange and to trade on the Global Exchange Market of that exchange.