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Latest amendments to tax resolution
Latest amendments to tax resolution

Latest amendments to tax resolution

30 June 2000

On June 30, 2000 the fourth resolution of changes to the Miscellaneous Tax Resolution for 2000 was published.

Crestar acquires CMS Oil & Gas LDC
Crestar acquires CMS Oil & Gas LDC

Crestar acquires CMS Oil & Gas LDC

30 June 2000

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.

Update on new cosmetic products taxation
Update on new cosmetic products taxation

Update on new cosmetic products taxation

28 June 2000

On June 28, Provisory Measure 1.991 regarding tax on industrialised products (Imposto sobre Produtos Industrializados - IPI) was republished as MP 2.037-19.

France Telecom sells Telmex shares
France Telecom sells Telmex shares

France Telecom sells Telmex shares

23 June 2000

The global public offering closed on June 23 with the sale of approximately 160 million Telmex shares equivalent of 53 American Depositary Shares (ADSs).

Petrobras in largest ever Brazilian oil and gas financing deal
Petrobras in largest ever Brazilian oil and gas financing deal

Petrobras in largest ever Brazilian oil and gas financing deal

20 June 2000

On June 20 the signing of the US$3.2 billion limited recourse project financing of the Barracuda and Caratinga Project by Petróleo Brasileiro SA was announced.

AES takes control of CA La Electricidad de Caracas (EDC)
AES takes control of CA La Electricidad de Caracas (EDC)

AES takes control of CA La Electricidad de Caracas (EDC)

15 June 2000

The unsolicited cross-border acquisition by Virginia-based AES Corporation was finally settled in mid-June, after a battle lasting nearly two months.

Reflections on recently approved Telecommunications Organic Law
Reflections on recently approved Telecommunications Organic Law

Reflections on recently approved Telecommunications Organic Law

15 June 2000

This law, which replaces the obsolete 1940 Law has been widely received as an open, modern legal instrument.

BellSouth assumes operations of Celumovil
BellSouth assumes operations of Celumovil

BellSouth assumes operations of Celumovil

14 June 2000

US-based BellSouth has acquired a 50.35 per cent of mobile operator Celumovil from Grupo Empresarial Valores Bavaria, which currently has a 74 per cent stake in Celumovil.

Parliament approves 'catch-all' Act
Parliament approves 'catch-all' Act

Parliament approves 'catch-all' Act

13 June 2000

On June 13 the Parliament approved an Act intended to implement the understandings between the Colorado Party and the Blanco Party.

Telecommunications Bill No 36.970 published 12 June
Telecommunications Bill No 36.970 published 12 June

Telecommunications Bill No 36.970 published 12 June

12 June 2000

The aim of the law, approved on May 31 by the National Legislative Commission, is to make up for the lack of legislation since the last telecoms law, passed in 1940.