News

Torys recruits Latin American environmental law specialist

22 February 2000

Jeffrey Gracer, a specialist in Latin American environmental law, joined the firm on February 22, 2000 as partner in the firm's Latin American Practice Group. Gracer served as special environmental counsel to the Inter-American Investment Corporation. Gracer has lectured widely on Latin American environmental laws and the implications for foreign investors and lenders.

New Partner at Parra, Rodriguez & Cavelier Abogados

15 February 2000

In the middle of February Patricia Sawyer G. joined Parra, Rodriguez & Cavelier Abogados as part of its energy and natural resources practice. Ms Sawyer has more than 12 years experience working for various oil and gas companies in Colombia and Venezuela, including as in-house legal adviser for Lasmo Oil.

Andean Community of Nations discusses trademarks, patents and industrial secrets

01 February 2000

Representatives from Colombia, Venezuela, Peru, Ecuador and Bolivia failed to reach any agreement in their meetings in January and February in Lima, but it is expected that the Andean Community will in any case increase the protection afforded to Industrial Property.

SEPI takes over management of Aerolineas Argentinas

31 January 2000

On 31 January SEPI (an entity owned by the Spanish government) took over the operation of Aerolineas Argentinas from American Airlines and is now putting the finishing touches on a radical adjustment plan to deal with the US $800 million debt of the airline.

Financial and capital markets open to foreign investors

26 January 2000

Brazil's National Monetary Council (CMN) issued Resolution No. 2689, on January 26, 2000, which establishing the rules that will permit foreigners, corporations or individuals to invest directly in Brazil’s financial and capital markets under less rigid structures than formerly in place. As of March 31, 2000, foreign investors will be able to more freely invest in securities and fixed-income funds, and they will be allowed to easily move their funds between both positions.

Partial Reform to Constitution

18 January 2000

A partial reform to Nicaragua’s constitution was approved 18 January 2000 and published the following day in the official gazette.

Defending Brazil's new Tax Law

16 January 2000

On 16 January, the Brazilian government was preparing to defend legislation aimed at reducing tax evasion after it was challenged in the courts by business associations and political opposition.

Latin American investment company acquires Paraguayan financial institution

08 January 2000

Vouga & Olmedo advised Grupo Vélox in its acquisition of 100 per cent of the shares of Financiera Parapití SAECA, which closed on January 8.

First legislation to establish a legal framework for franchises

07 January 2000

Resolution No. SPPLC-038-99 of July 9, 1999 came in to effect on January 7, 2000.

UK mobile phone giant enters Mexican market

05 January 2000

On January 5 the UK mobile phone giant Vodafone, advised by Creel, García-Cuellar y Müggenburg and Pillsbury Whinthrop, took its first stride into the fast-developing Latin American wireless market with the US$973.4 million purchase of a 34.5 per cent stake in Grupo Iusacell from the Peralta family.

New law on procurement of construction and related goods and services

04 January 2000

On January 4, 2000 the Government of Paraguay promulgated Law Nº 1533 which establishes the procedures for Government construction which is to be supplemented by rules and regulations that are yet to be published.

New government contracting law 323

03 January 2000

A new law on government contracting was published in the official gazette at the beginning of January.