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).
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).
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.
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.
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.
The resignation of Ignacio De León from Procompetencia (Superintendency for the Promotion and Protection of Free Competition) became effective as of October 11, 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.
On October 10, 2000 the the launch of Demarcas.com, a website specialising in trademarks and patents, was announced.
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.
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.