By means of Resolution 516 of June 12, 2001, the Secretariat of the Andean Community - formerly the Andean Pact - has ruled that a customs service charge on imports entering Colombia which was introduced as part of the tax reform which took effect on January 1, 2001 is in fact a levy and as such violates the rules of the Andean Community Agreement.
By means of Provisional Measure No. 2,200 published on June 28, 2001, the Brazilian government has set up an electronic ‘public key’ system under the name Infra-estrutura de Chaves Públicas Brasileiras (ICP).
Pinheiro Neto Advogados has appointed eight new partners: Eduardo Carvalho Caiuby, Carlos Vilhena Filho, Henry Sztutman, Werner Grau Neto, Bruno Balduccini, Júlio César Bueno, Anna T Monteiro de Barros and Mathias H von Gyldenfeldt.
The government of Brazil is no longer denying the necessity of protecting intellectual property rights. However, it still needs to fully understand the issue and the importance of IP as an asset of individuals, companies and the State. The government must also analyse the role of IP rights in the context of international trade.
The Commission for the Defence of Competition in Argentina has a new president, Gabriel Bouzat - the third in as many months.
In their first incursion into the competitive Mexican market, Mitsubishi Corporation and Kyushu Electric Power Co, Inc have closed a $249 million senior and subordinated debt financing of a power plant in Veracruz.
First Trust of New York, NA, through its Buenos Aires office, acting solely as financial trustee of 'Argentine Collateral Trust - Trust Notes Due 2006 Financial Trust', has issued US$250 million-worth of secured floating rate trust notes, due 2006.
López Velarde, Heftye, Abogados has represented Enron Corporation in the development and financial closing in the acquisition of a 245MW gas-fired co-generation plant in Monterrey.
IVAX Corporation, the US-based pharmaceutical company, announced the successful completion of its US$395 million cash tender offer for 100 per cent of Laboratorio Chile SA, the country’s biggest pharmaceutical company with assets in Argentina and Peru (LabChile).
Franck, Galicia y Robles SC and Robles Abogados SC have advised ING Insurance International BV in the acquisition of the largest insurance company in Mexico.