News

Ferrere Lamaison announces new litigation partner

01 May 2000

As of May 1, 2000 Dr Jorge Marabotto has joined the firm as co-director of the litigation department.

Two out of five for Competition Regulator

01 May 2000

'Rating the Regulators' survey conducted by Global Competition Review finds pattern of dissatisfaction with the Comisión Nacional de Defensa de la Competencia across the six key areas surveyed.

New partner at Lewin & Wills

30 April 2000

Bogotá's Lewin & Wills has announced the arrival of a new partner to head the firm's emerging commercial and corporate law department.

Competition Comission approves supermarket acquisition

28 April 2000

On April 28 2000 the Comisión Nacional de Defensa de la Competencia approved, with a very minor condition, the acquisition of control by Logidis SAS (Promodes) of Supermercados Norte SA.

Reciprocity of taxation treatment with USA

26 April 2000

Act 028 of April 26, 2000 of the Internal Revenue Department states US federal legislation permits the deduction of tax, verifiably paid in Brazil, on revenue and income earned and taxed in Brazil.

New rules for investment in private pension funds

24 April 2000

The National Monetary Council (CMN) approved new rules on investment in the private pension funds, which are contained in Resolution No. 2720 issued by the Central Bank of Brazil on April 24, 2000.

Backus purchases majority stake in Cervesur

21 April 2000

The Beer Group Backus (Unión de Cervecerías Backus & Johnston SA) purchased a majority stake in Compañía Cervecera del Sur del Perú SA, the second largest beer manufacturer in Peru and the only remaining independent one.

Latin American Investment Guarantee Company Ltd (LAIGC) formed

14 April 2000

Corporación Andina de Fomento (CAF), the Caracas-based Andean development bank signed a joint venture agreement, incorporated on April 14, with American International Group (AIG) to form the Latin American Investment Guarantee Company Ltd.

Republic of Ecuador defeats US$965 million lawsuit

11 April 2000

On 11 April it was announced that a US$965 million lawsuit brought by an American electric power company doing business in Ecuador against the Republic of Ecuador was rejected by a U.S. Federal Court in Washington, D.C. on 31 March.

Right to exploit satellites for transportation of telecommunications signals

05 April 2000

On April 5, 2000 the National Telecommunications Agency (ANATEL), approved the regulation on the right to exploit satellites for the transportation of telecommunications signals (Resolution 220).