Claudio de Abreu became partner at the beginning of July and is responsible for the firm's tax litigation practice. He has experience in defending domestic and international clients in tax related matters in several Brazilian State and Federal Courts. Additionally, he is a professor of tax law at the Pontifical University of São Paulo.
The Brazilian courts are reviewing many decisions of the lower-instance courts, which allow private property and assets of business owners to be used as payment of debts incurred by their companies.
The text for the free trade association agreement signed in November 1999 between Mexico and the European Union was released in February. Mexico and EU are currently taking the necessary steps under their domestic legal regimes to implement the Agreement by 1 July 2000.
The treaties that were approved in February and March this year came into effect on July 1.
The Andean Community countries (Colombia, Venezuela, Ecuador, Peru and Bolivia) are about to replace their common regime on industrial property with a new, purportedly TRIPS-compliant decision.
Law firm Del Rio, Morgan Peralta & Toro advised Anglian Water in its June 30, 2000 acquisition of Aguas Puerto.
On June 30 the integration of Banco Comercial de Panamá (Bancomer) and Banco General was completed, creating Central America's largest bank.
On June 30, 2000 the fourth resolution of changes to the Miscellaneous Tax Resolution for 2000 was published.
The US$95.8 million deal closed on June 30 with the purchase of CMS Oil and Gas Company's Ecuadorian subsidiary by the Canadian oil and gas producer.
On June 28, Provisory Measure 1.991 regarding tax on industrialised products (Imposto sobre Produtos Industrializados - IPI) was republished as MP 2.037-19.