Brazilian and US firms advise on US$450 million securitisation

Brazilian law firm Pinheiro Neto Advogados and the Mayer Brown & Platt and Dewey Ballantine LLP of the United States have acted on a US$450 million securitisation deal for Banco do Brasil. The transaction involved Banco do Brasil’s right to receive, as depository, funds related to payment orders to be generated by Banco do Brasil through its New York branch and correspondent banks where Banco do Brasil maintains bank accounts.