Reformation of criminal justice system planned

01 April 2000

Chile is changing from a written criminal justice system to an oral one, similar to the American judicial system. This reform will gradually be enacted nationwide but in the first stage will be incorporated in two regions of the country. This innovation will require a great deal of effort for law firms, especially those specialised in criminal law, who will have to train their members in those skills required for oral procedures, different from those used in Chile until now.

New Pledge System

01 April 2000

A new law (No 17.228) of April 2000 puts an end to an outdated security system which highly restricted access to credit.

Tozzini, Freire, Teixeira e Silva adds new partner to its international law practice.

01 April 2000

Gilbert Lemos Zeiger will be based in the firm's São Paulo office, concentrating in corporate law, with special focus on aircraft financing and international transactions. He was admitted to the São Paulo Bar in 1982. Zeiger has represented foreign lessors and lenders in cross-border transactions involving commercial and corporate aircraft, medical equipment, computers and manufacturing equipment.

New hires at Veirano e Advogados Associados

01 April 2000

Rio-based Veirano e Adovgados Associados has boosted its litigation, real estate and securities / capital markets practices with three new hires.

Three out of five for Competition Regulator

01 April 2000

'Rating the Regulators' survey conducted by Global Competition Review finds balance between dissatisfaction and satisfaction with the Economic Defence Administrative Council in the six key areas surveyed.

Securities and Exchange Commission alters BDR's governing rules

01 April 2000

The Securities and Exchange Commission of Brazil (CVM) has altered the rules governing the issuance of BDRs (Brazilian Depositary Receipts) with the aim of removing all restrictions which affect foreign internet companies interested in issuing BDRs. Instructions 255 and 321 have been revoked, and Instructions 331 and 332 are now in effect.

Utilities close record roll over of foreign debt

01 April 2000

In April, Light-Serviços de Eletricidade SA and Eletropaulo Metropolitana Eletricidade de São Paulo SA successfully completed what is believed to be the largest rollover of foreign debt in Brazil since the outbreak of the Russian financial crisis in 1998.

Telecoms privatisation moving ahead

01 April 2000

Three companies, one French and two Mexican have pre-qualified to present bids in April for Nicaragua’s state owned telecoms company (ENITEL).

Brigard & Urrutia opens IP practice, April 1, 2000

01 April 2000

The leading Bogotá firm, which until now has dealt with IP matters through a cooperation with a separate specialised IP firm, Brigard & Castro, has decided to start dealing with IP matters in-house, setting up a new department headed by Carlos Umaña T and Maria Fernanda Castellanos. It will focus on IP and specifically on consumer protection law and competition matters. The decision to set up the new department marks the end of the existing arrangement with Brigard & Castro.

Last day for foreign banks to file for registry renewal - March 31

31 March 2000

For foreign banks doing business in Mexico, March 31 is the last day to file for registry renewal in the Foreign Bank Registry of the Mexican Tax Administration Service (SAT).