News

Consumer Protection Act

27 August 2000

Uruguay was the only Mercosur country and one of only three Latin American countries that did not have a consumer protection law. An extensive Consumer Relations Act that took effect on August 27, 2000 drastically changes this situation.

Possible Chilean Tax Reforms Relative to Tax Avoidance

24 August 2000

On August 24, 2000 after a long period of discussion, the government sent a bill to Congress in order to reduce tax evasion and avoidance. The basis for the tax reform is to reduce the evasion rate and to raise funds for purposes of education, health, etc.

White & Case LLP advises in share swap offer

24 August 2000

The exchange of Banco de Galicia y Buenos Aires SA shares for those of Grupo Financiero Galicia SA (Grupo Galicia) closed on July 24, 2000.

Gouvea Vieira law firm retained by leading international electrical company

24 August 2000

On 24 August, 2000 it was announced that Spain's Endesa had successfully completed its tender offer of Brazilian distribution company Companhia de Electricidade do Rio do Janeiro (CERJ)

Mining becomes a feasible enterprise after new legislation

17 August 2000

Several amendments to Ecuador's Mining Law were approved on August 17, 2000 creating new concepts to provide a flexible framework to the activity.

King & Spalding expands Latin America practice

16 August 2000

The firm announced the addition of a new attorney from Brazilian law firm Tozzini, Freire, Teixeira e Silva Advogados on August 16, 2000.

Electronic registration of direct investments in Brazil

15 August 2000

Resolution No. 2997, issued by the Central Bank of Brazil on August 15 2000 introduces the rules of the Brazilian National Monetary Council (CMN) for the electronic registration of foreign direct investments in Brazil, through the Information System of the Central Bank of Brazil (SISBACEN).

Tozzini, Freire retained by Israel's largest agro-chemicals producer

15 August 2000

The deal which closed on August 15, 2000 expands Makhteshim-Agan Industries Ltd's holdings in the Brazilian market with the purchase of the minority shares of its daughter company Milenia.

Decision on competition matters

14 August 2000

On August 14, 2000 the ComisiĆ³n de Defensa de la Competencia issued a decision that has finally clarified who must file the petition for approval of a merger or acquisition in Argentina.

Regulation on the use of radio frequency in broadband

14 August 2000

On August 14, 2000 ANATEL published the "Regulation on the Conditions for the Use of Radio Frequency in the 25.35 to 28.35 Ghz, 29.10 to 29.25 Ghz and 31.00 to 31.30 Ghz Bands" on fixed-service digital radio communication systems.