International Tax Review (ITR) has selected two deals on which global law firm White & Case advised among the Deals of the Year in its 14th annual ITR Americas Tax Awards. The awards recognize the leading tax and transfer pricing firms in North and South America, as well as leading firms in six US metropolitan areas.
The deals honored were:
- White & Case represented Odebrecht S.A. in its US$1.39 billion sale of the 456 megawatt Chaglla hydroelectric power plant in Peru to a consortium headed by China Three Gorges Corp.
- White & Case acted as global counsel for Oi S.A., one of Brazil's largest integrated telecommunications enterprises, in restructuring nearly US$20 billion in debt governed by a variety of Brazilian, US, English and Portuguese laws—the largest bankruptcy ever in Latin America.
In selecting the winners, ITR takes into consideration three metrics for cited matters: value of the matter, complexity, and overall innovation undertaken by the tax practice and the matter's impact on the client and wider tax landscape.