News

Celumovil acquires 100 per cent of issues and outstanding shares of Cocelco

17 July 2000

The transaction, completed on July 17, gives Celumovil, recently acquired by US-based BellSouth, the first nationwide cellular footprint in Colombia.

Decree No. 9,585, the maquila law issued on July 17, 2000

17 July 2000

This was published three years after the Paraguayan Congress first enacted the Maquila law. No maquiladora companies were established then due to the lack of appropriate regulations. These regulations were necessary to implement the law.

Emergency Bill comes into force on July 16

16 July 2000

Act No 17.243 approved by the Executive on June 29, 2000 covers a wide range of topics including investment promotions, tax, antitrust, labour, company, administrative, public, criminal, mutual funds.

New head, office for Brazilian authority

05 July 2000

The international journal of competition policy and regulation, Global Competition Review reports that Brazil's antitrust authority, the Economic Defence Administration Council (CADE), reconvened on July 5 with a new president, three new counsellors and a new address.

Baker & McKenzie opens office in Guadalajara

05 July 2000

On July 5 the international law firm announced the establishment of an office in the second largest city in Mexico.

Mexican Institute of Social Insurance (IMSS) adjusts rules on late payment

04 July 2000

On July 4, 2000 the Official Daily published ruling 399/2000 issued by the Technical Council of IMSS, in which easy payment terms are granted to companies for settlement of their debt.

Veirano & Advogados absorb Recife practice

03 July 2000

As of July 3, 2000 Veirano & Advogados Associados absorbed the practice of Mauricio de Albuquerque & Antonio Mario Pinto Advogados SC, until now their correspondents, in the northeastern coastal city.

Amaro, Stuber e Advogados Associados adds new partner to tax practice

01 July 2000

Claudio de Abreu became partner at the beginning of July and is responsible for the firm's tax litigation practice. He has experience in defending domestic and international clients in tax related matters in several Brazilian State and Federal Courts. Additionally, he is a professor of tax law at the Pontifical University of São Paulo.

Brazilian Courts protect personal assets of business owners - July

01 July 2000

The Brazilian courts are reviewing many decisions of the lower-instance courts, which allow private property and assets of business owners to be used as payment of debts incurred by their companies.

Final text released for Mexico-EU Free Trade Association Agreement

01 July 2000

The text for the free trade association agreement signed in November 1999 between Mexico and the European Union was released in February. Mexico and EU are currently taking the necessary steps under their domestic legal regimes to implement the Agreement by 1 July 2000.