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Recent issuance of rules to attract foreign investors to stock markets
Recent issuance of rules to attract foreign investors to stock markets

Recent issuance of rules to attract foreign investors to stock markets

18 October 2000

The Central Bank of Brazil (BACEN) issued Resolution No 2786 on October 18, 2000, which enacted new rules allowing foreign investors to contract the local currency exchange directly with the Brazilian Chamber of Clearing and Custody (CBLC), the Clearing of the São Paulo Stock Exchange (BOVESPA).

Felsberg e Asociados represents Banestado in privatisation auction
Felsberg e Asociados represents Banestado in privatisation auction

Felsberg e Asociados represents Banestado in privatisation auction

17 October 2000

On October 17 2000, Itau, Brazil's second largest private bank, was awarded Banestado, the Paraná state bank, with its bid of R$1.625 billion (US$867 million).

Iron and steel company's share offer consolidated
Iron and steel company's share offer consolidated

Iron and steel company's share offer consolidated

17 October 2000

Caracas's d'Empaire Reyna advised BBO in its US$116 million public share offer to obtain control of Consolidated, a subsidiary of Sivensa, which was advised by Rodríguez & Mendoza.

Marval, O'Farrell in brewery transaction with Brazilian and Uruguayan firms
Marval, O'Farrell in brewery transaction with Brazilian and Uruguayan firms

Marval, O'Farrell in brewery transaction with Brazilian and Uruguayan firms

13 October 2000

On October 13 2000, France's Groupe Danone and the world's number three brewer, Brazilian Ambev (Brahma and Antartica), took control of Uruguay's Compañía Salus.

Marval O'Farrell partner elected chair of Lex Mundi
Marval O'Farrell partner elected chair of Lex Mundi

Marval O'Farrell partner elected chair of Lex Mundi

12 October 2000

On October 12, 2000 during the association's recent annual conference in Noordwijk, the Netherlands, Alfredo M O'Farrell, partner of Argentine law firm Marval O'Farrell & Mairal, was elected chair of Lex Mundi.

Superintendent of Venezuelan antitrust authority resigns
Superintendent of Venezuelan antitrust authority resigns

Superintendent of Venezuelan antitrust authority resigns

11 October 2000

The resignation of Ignacio De León from Procompetencia (Superintendency for the Promotion and Protection of Free Competition) became effective as of October 11, 2000.

Enactment of rules to prevent money laundering
Enactment of rules to prevent money laundering

Enactment of rules to prevent money laundering

11 October 2000

On October 11, 2000, the Central Bank of Uruguay (BCU) approved Circulars # 1712 and # 1713 containing new rules to prevent money laundering (ie the use of Uruguay´s financial system to legitimate assets originating in criminal activities.

Estudio O´Farrell, Tozzini, Freire and Hoet, Pelaez in website launch
Estudio O´Farrell, Tozzini, Freire and Hoet, Pelaez in website launch

Estudio O´Farrell, Tozzini, Freire and Hoet, Pelaez in website launch

10 October 2000

On October 10, 2000 the the launch of Demarcas.com, a website specialising in trademarks and patents, was announced.

Grasty Quintana and Morales, Noguera in water utility transaction
Grasty Quintana and Morales, Noguera in water utility transaction

Grasty Quintana and Morales, Noguera in water utility transaction

06 October 2000

UK's Thames Water was officially awarded the bid for 42 per cent of Essbio the Chilean state water company in the eighth region before the October 6 2000 deadline.

Decree 285/2000 enacted to regulate the conditions for the concession of public works under private initiative.
Decree 285/2000 enacted to regulate the conditions for the concession of public works under private initiative.

Decree 285/2000 enacted to regulate the conditions for the concession of public works under private initiative.

03 October 2000

The Decree, enacted on October 3, 2000 empowers the Executive, subject to the prior approval by the Audit Office, to authorise the particular regimes and contracting procedures based on principles of openness and equality of the bidders, provided market conditions and the goods and services involved prove advantageous to the government.