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Grupo Financiero Bancomer SA chooses BBVA over Banacci
Grupo Financiero Bancomer SA chooses BBVA over Banacci

Grupo Financiero Bancomer SA chooses BBVA over Banacci

12 June 2000

The June 12 approval by Bancomer of the merger and capitalisation proposal from Spain's Banco Bilbao Vizcaya Argentaria SA will create Mexico's largest banking entity.

New Financial Lease Law enacted on June 8, 2000
New Financial Lease Law enacted on June 8, 2000

New Financial Lease Law enacted on June 8, 2000

08 June 2000

The Law, approved by National Congress on May 10, 2000, (Law #25,248) replaces the former leasing system established by Chapter II of Law #24,441.

A step forward in e-commerce
A step forward in e-commerce

A step forward in e-commerce

08 June 2000

A decision on June 8 by the Constitutional Court declared that the law on e-commerce complies with the Constitution of Colombia and therefore may be fully applied.

Telmex and BCI in new joint venture company
Telmex and BCI in new joint venture company

Telmex and BCI in new joint venture company

07 June 2000

The agreement, signed on June 7, enables the two companies to compete in the South American telecommunications market.

Labour Reform Law, number 25,250
Labour Reform Law, number 25,250

Labour Reform Law, number 25,250

02 June 2000

The new law, published in the Official Gazette on June 2, 2000 became effective on June 10 and according to analysts will generate more jobs.

Extraordinary tax evasion control executive order
Extraordinary tax evasion control executive order

Extraordinary tax evasion control executive order

01 June 2000

On June 1, 2000 the President issued an Extraordinary Executive Order (No. 434/2000) whose principal aim is to help the Federal Administration prevent tax and social security evasion.

Telefónica SA launches intenational share exchange offer - June 1, 2000
Telefónica SA launches intenational share exchange offer - June 1, 2000

Telefónica SA launches intenational share exchange offer - June 1, 2000

01 June 2000

The share swap plan, announced in January, involves an offering of a quarter of the companies' value and will consolidate Telefónica's presence in Latin America.

Merger plans dissolved in June
Merger plans dissolved in June

Merger plans dissolved in June

01 June 2000

Talks on a probable merger between Bufete Aguirre Soc. Civ. and Servicios Legales SC have been postponed.

New rules for establishment of Brazilian financial institutions abroad
New rules for establishment of Brazilian financial institutions abroad

New rules for establishment of Brazilian financial institutions abroad

31 May 2000

The National Monetary Council (CMN) issued Resolution No. 2723 on May 31, 2000, which established the rules, conditions and procedures for financial institutions planning to open branches and representative office abroad.

Foreign companies authorised to provide satellite TV services to Uruguayan consumers
Foreign companies authorised to provide satellite TV services to Uruguayan consumers

Foreign companies authorised to provide satellite TV services to Uruguayan consumers

30 May 2000

The decree, approved on May 30, 2000 lifts the ban on the importation of satellite TV receivers imposed only four months ago.