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Demarest e Almeida; Advogados questions the constitutionality of new social contributions laws for employers
Demarest e Almeida; Advogados questions the constitutionality of new social contributions laws for employers

Demarest e Almeida; Advogados questions the constitutionality of new social contributions laws for employers

19 October 2001

On June 29 a new law (LC 110/01) was enacted in Brazil creating two new social contributions related to the already existing employment security fund created by the government primarily for indirectly assisting workers to buy their first home. The instrument used by the federal government to generate new revenues for paying the FGTS bill is inappropriate, since it blatantly violates the Brazilian Constitution.

Four provisions of Law 633 of 2000 (tax reform) have been declared unconstitutional by the Colombian Constitutional Court
Four provisions of Law 633 of 2000 (tax reform) have been declared unconstitutional by the Colombian Constitutional Court

Four provisions of Law 633 of 2000 (tax reform) have been declared unconstitutional by the Colombian Constitutional Court

19 October 2001

As a result of an unconstitutionality suit, on 19 September the Colombian Constitutional Court declared that the tax reform of year 2000 (Law 633) is constitutional.

El Salvador firm Rusconi-Valdez in alliance with Deloitte & Touche
El Salvador firm Rusconi-Valdez in alliance with Deloitte & Touche

El Salvador firm Rusconi-Valdez in alliance with Deloitte & Touche

12 October 2001

Rusconi-Valdez & Asociados is to form an alliance with the representative of Deloitte & Touche in Central America. After several months of negociations, Rusconi-Valdez has reached an agreement with Arias, Morales y Cía, Arias, Deloitte & Touche's representative in the region.

Machado Meyer gives pro bono energy advice to Winrock
Machado Meyer gives pro bono energy advice to Winrock

Machado Meyer gives pro bono energy advice to Winrock

12 October 2001

Machado, Meyer, Sendacz e Opice Advogados is providing pro bono advice to the Winrock International Institute for agriculture development, an NGO connected with the Rockfeller Foundation.

Pérez Alati advises in Solvay-Indupa SAIC US$80-million convertible note
Pérez Alati advises in Solvay-Indupa SAIC US$80-million convertible note

Pérez Alati advises in Solvay-Indupa SAIC US$80-million convertible note

12 October 2001

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) of Argentina has advised Credit Suisse First Boston in the arrangement of Solvay-Indupa SAIC´s US$80-million convertible note issue.

Demarest  e Almeida, Pinheiro Guimarães assist in telecom transaction
Demarest  e Almeida, Pinheiro Guimarães assist in telecom transaction

Demarest e Almeida, Pinheiro Guimarães assist in telecom transaction

12 October 2001

Demarest e Almeida has assisted Brazilian pension funds PREVI, PETROS, TELOS, VALIA, FUNCEF, BB-BI, SISTEL, FACHESF, AERUS, FAPES and OPERATE in the sale of a controlling stake in Americel and Telet, the Brazilian cellular telecommunications companies in the category Band B, to Bell Canada International BVI V Limited. The sale closed on September 25.

Alcaíno, Rodríguez, Sahli represents Chilean power companies in challenge to environmental agency
Alcaíno, Rodríguez, Sahli represents Chilean power companies in challenge to environmental agency

Alcaíno, Rodríguez, Sahli represents Chilean power companies in challenge to environmental agency

12 October 2001

Alcaíno, Rodríguez & Sahli has represented Norgener SA and Empresa Eléctrica Guacolda SA in a successful challenge to a resolution issued by the Chilean National Environmental Commission (CONOMA) concerning the use of ‘petcoke’ as a fuel for power generation. On September 27 a ministerial commission accepted the special administrative action brought by the power generators, effectively rejecting CONAMA’s original environmental impact analysis.

Pinheiro Neto advises Bauducco in the acquisition of 50 per cent of Visagis
Pinheiro Neto advises Bauducco in the acquisition of 50 per cent of Visagis

Pinheiro Neto advises Bauducco in the acquisition of 50 per cent of Visagis

12 October 2001

Pinheiro Neto Advogados has advised the Brazilian food and bakery producer Bauducco & Cia Ltda in the acquisition of 50 per cent of Visagis SA Indústrias Alimentícias from the Swiss group Findim Investments SA.

Muñiz, Forsyth advises in Peruvian fisheries M&A
Muñiz, Forsyth advises in Peruvian fisheries M&A

Muñiz, Forsyth advises in Peruvian fisheries M&A

12 October 2001

Lima firm Muñiz, Forsyth, Ramirez, Perez-Taiman & Luna-Victoria has advised

Marval, O'Farrell & Mairal advises in US$50-million warehousing credit loan
Marval, O'Farrell & Mairal advises in US$50-million warehousing credit loan

Marval, O'Farrell & Mairal advises in US$50-million warehousing credit loan

12 October 2001

Buenos Aires firm Marval, O'Farrell & Mairal has advised BACS (Banco de Crédito y Securitización SA), the new secondary mortgage market entity in Argentina, in a warehousing revolving credit loan agreement of up to US$50 million. The International Finance Corporation has established the loan in favour of BACS.