Legal advisors to Odinsa in the offer presented by Macquarie Infrastructure and Real Assets (“MIRA”) and its affiliate, Macquarie Infrastructure Partners V (“MIP V”), for the sale of 50% of Odinsa’s shareholdings and investments in toll road concessions in Colombia and interests in certain pipeline projects, and further contribution of the same to the investment platform.
CONCESIÓN LA PINTADA S.A.S AND ITS SPONSORS ODINSA S.A. AND WEST VALLEY JL HOLDCO LIMITED
Posse Herrera Ruiz acted as legal counsel to Concesión La Pintada S.A.S and its sponsor Odinsa S.A. and West Valley JL Holdco Limited in the dollar refinancing of its Project Autopista Conexión Pacífico 2, granted under the Concession Agreement No.006 of 2014 part of the second group of the fourth (4th) Generation Toll Road Concession Projects known as 4G.
GRANITOS Y MÁRMOLES
Peñas Blancas Propiedad Horizontal requested the change and/or repair of the facade of the building (estimated cost COP $ 9,000,000,000) by virtue of the product warranty, due to alleged quality defects. Both the Superintendency of Industry and Trade (1 instance) and the Superior Court of Bogotá (on appeal) rejected the claims considering that the “prescripción” (statute of limitations) of the consumer protection action had operated to the extent that the facade is a non-structural element, which therefore is not covered by the ten-year guarantee of article 2060 of the Civil Code.
JOHN LAING, CONSTRUCCIONES EL CÓNDOR S.A. AND CONCESIÓN LA PINTADA
Posse Herrera Ruiz acted as legal counsel to John Laing, Construcciones El Cóndor S.A. and Concesión La Pintada in closing the acquisition by John Laing from Construcciones El Cóndor S.A. of its participation in 21.15% of the equity interest in Concesión La Pintada S.A.S.
SOCIEDAD CONCESIONARIA VIAL MONTES DE MARÍA S.A.S. – SACYR CONCESIONES COLOMBIA S.A.S.
Posse Herrera Ruiz acted as legal counsel to Sociedad Concesionaria Vial Montes de María S.A.S. and its sponsor Sacyr Concesiones Colombia S.A.S. in the offering by Patrimonio Autónomo Montes de María of COP$760 billion of its senior secured UVR indexed notes due 2045, the first social bond for an infrastructure project in Latin America. The issuance is backed by the U.S. International Development Finance Corporation (DFC).
PARQUE ARAUCO COLOMBIA S.A.
Affiliates of Grupo Parque Arauco, Parque Arauco Colombia S.A. and Inversiones Inmobiliarias Bucaramanga Arauco S.A.S, on one hand and Fondo de Inversión Colectiva Inmobiliario INMOVAL, managed by Credicorp Capital Colombia S.A., on the other, entered into a purchase and contribution agreement that will result in INMOVAL holding 49% of the participation rights of a trust that will own (indirectly) “Parque La Colina Centro Comercial” located in Bogotá and Parque Caracolí Centro Comercial located in Floridablanca, both, Colombian cities.
UNIÓN VIAL RÍO PAMPLONITA
Legal advisors to Unión Vial Río Pamplonita SAS and its shareholders Sacyr Concesiones Colombia SAS and Sacyr Concesiones Participadas I, SL, in the signing and first disbursements of two credits in USD and COP .
SOCIEDAD CONCESIONARIA VIAL MONTES DE MARÍA
Legal advisors to Sociedad Concesionaria Vial Montes de María in the structuring and negotiation of the mini-perm loan to finance the construction of a highway project in Colombia called Puerta del Hierro.