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published
SEPTEMBER
22,
2011 |
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Uría
Menéndez,
awarded
at
the
China
Law
&
Practice
Awards
2011
for
its
participation
in
the
first
acquisition
of
electrical
transmission
lines
by a
foreign
state-owned
company |
|
Uría Menéndez received acclaim for its role
in the acquisition by State Grid Corporation of China of
3.200 km of electrical transmission lines in Brazil where it
assisted a Spanish group of infrastructure companies.
 Uría
Menéndez has been awarded at the annual award ceremony of
the Asian magazine China Law & Practice in the China
Outbound Award category. The publication, which is part of
the Euromoney group, recognised Uría Menéndez’s
participation in the transaction, through its Beijing,
Madrid and São Paulo offices, as legal advisors to the
sellers in the China State Grid - Brazilian Assets’ deal.
This transaction was also nominated for the Energy and
Natural Resources category.
In this deal, which closed on 15 December last year, the
State Grid Corporation of China, the world’s largest
electricity utility company, carried out its first non-Asian
acquisition by acquiring seven concessionaires with a total
of 3,200 km of electrical transmission lines in Brazil from
a consortium of Spanish infrastructure companies. In a
separate simultaneous acquisition, an eighth transmission
line, LT Triangulo S.A., was purchased by the publicly
listed Spanish company Elecnor for approximately USD 200
million, including debt.
Uría Menéndez advised the sellers from its offices in Asia,
Europe and Latin America with a team of lawyers led by
partners Juan Martín Perrotto (Beijing office), Juan
Francisco Falcón (Madrid) and Luis Acuña (São Paulo). The
Brazilian firm Dias Carneiro Advogados advised the sellers
on Brazilian law with a team headed by Rafael D’Avila. The
same teams also acted as counsel on the Triangulo
acquisition.
Juan Martín Perrotto, the Latin American partner that
manages Uría Menéndez’s Beijing office and heads the Asian
practice of the firm, attended the ceremony to collect the
award and stated: “we are very proud to receive this award
that reflects Uría Menéndez’s ability to coordinate and
execute deals which involve jurisdictions and cultures as
different as those in Latin-America, Asia and Europe.”
China Law & Practice awards the most innovative transactions
from last year as well as the legal advisors involved. The
IFLR 1000 and Asialaw Profiles submissions for this year
were reviewed to decide on the deal and team shortlists for
these awards.
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