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Colombia ordered to drop customs 'service' charge
Colombia ordered to drop customs 'service' charge

Colombia ordered to drop customs 'service' charge

12 July 2001

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.

E-commerce key system launched
E-commerce key system launched

E-commerce key system launched

12 July 2001

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 appoints eight new partners
Pinheiro Neto appoints eight new partners

Pinheiro Neto appoints eight new partners

12 July 2001

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.

Opinion: "Tax laws penalising Brazilian companies that buy new technologies from abroad need to be revised  - and quickly"
Opinion: "Tax laws penalising Brazilian companies that buy new technologies from abroad need to be revised  - and quickly"

Opinion: "Tax laws penalising Brazilian companies that buy new technologies from abroad need to be revised - and quickly"

12 July 2001

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.

Another president for Argentina's regulator
Another president for Argentina's regulator

Another president for Argentina's regulator

06 July 2001

The Commission for the Defence of Competition in Argentina has a new president, Gabriel Bouzat - the third in as many months.

Milbank, Hadley, Tweed & McCloy and Shearman & Sterling advise on Mitsubishi deal in Mexico
Milbank, Hadley, Tweed & McCloy and Shearman & Sterling advise on Mitsubishi deal in Mexico

Milbank, Hadley, Tweed & McCloy and Shearman & Sterling advise on Mitsubishi deal in Mexico

06 July 2001

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.

Philippi, Bruchou and Simpson Thacher advise in floating rate trust notes issue
Philippi, Bruchou and Simpson Thacher advise in floating rate trust notes issue

Philippi, Bruchou and Simpson Thacher advise in floating rate trust notes issue

06 July 2001

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.

Enron Corporation buys power plant in Mexico
Enron Corporation buys power plant in Mexico

Enron Corporation buys power plant in Mexico

06 July 2001

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.

Akerman, Senterfitt & Eidson and Claro y Cia advise IVAX Corporation in Chile's first tender offer under new legislation
Akerman, Senterfitt & Eidson and Claro y Cia advise IVAX Corporation in Chile's first tender offer under new legislation

Akerman, Senterfitt & Eidson and Claro y Cia advise IVAX Corporation in Chile's first tender offer under new legislation

06 July 2001

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).

ING Groep buys Mexico's largest insurance company
ING Groep buys Mexico's largest insurance company

ING Groep buys Mexico's largest insurance company

06 July 2001

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.