Hunton & Williams Represents the Government of Belize in Bond Offering.Business Editors/Legal Writers MIAMI--(BUSINESS WIRE)--June 18, 2003 Hunton & Williams announced today that it acted as US counsel in a $100 million, 12-year sovereign bond A sovereign bond is a bond issued by a national government. Bonds issued by national governments in the country's own currency are also referred as government bonds. offering by the Government of Belize. The team of lawyers who worked on the offering was led by Hunton & Williams attorney, Allen Moreland, who noted "our involvement in this offering highlights our firm's dual strength of a first class capital markets practice combined with extensive experience in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. ." Fernando C. Alonso, Chairman of Hunton & Williams' Latin America Practice Group, added: "This is an extremely interesting matter for us because the issuers of sovereign bond offerings have traditionally been represented by London or New York-based law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
The deal is expected to provide a 9.75 percent yield and was the first transaction in Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. with a collective action clause. The use of collection action clauses is a growing trend among emerging market issuers. Other countries using this innovative financing include Mexico, Brazil, South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. , the Republic of Korea, Ukraine and Uruguay. The underwriter of the offering is Bear, Stearns & Co. Inc. The funds will be used by the Government of Belize to pay off shorter term, higher interest debt, greatly improving the financial condition of the country. The team of Hunton & Williams lawyers who worked on the offering was comprised of David Wells, Cecelia Horner, George Howell, Albert Hernandez and Carrie Levine. About Hunton & Williams Hunton & Williams provides legal services legal services n. the work performed by a lawyer for a client. to corporations, financial institutions, governments and individuals as well as a broad array of other entities. Since its establishment in 1901, Hunton & Williams has grown to more than 850 attorneys serving clients in 80 countries from 17 offices around the world. While Hunton & Williams' practice has a particular emphasis on corporate transactions, corporate and structured finance, energy and environmental law, governmental relations and commercial litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , the firm's depth and breadth of experience extends to more than 50 separate practice areas. |
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