On September 15, as part of Peru's ongoing privatisation process, the government called an international public bid (which was publicly released on September 18) for the transfer of the mining concession of La Granja to a new investor.
Decision 486 was approved and published in the Official Gazette in Lima, Perú on September 14, 2000. This new intellectual property system will replace the regulations contained in Decision 344 of the Cartagena Agreement Commission.
The Ministry of Finance and Public Credit issued these rules to set forth and clarify the conditions applicable to foreign issuers who are interested in registering and offering their stock in the Mexican Stock Market. These conditions are designed to allow the offering of international securities in the Mexican Stock Market in an effort to internationalise it and turn it into a hub stock exchange for Latin America.
On September 11, 2000 the government of Colombia issued Decree 1747, which regulates the operation of certifying entities and the issuance of certificates of digital signatures.
Last September 7, the Venezuelan Ministry of Energy and Mines and Petroleos de Venezuela SA (Pdvsa: a wholly owned subsidiary of the Venezuelan government) opened a set of bidding rounds for the granting of of licensing rights to private investors interested in the development of free gas reserves in 11 areas of eastern and central Venezuela.
In the last three months the National Securities Commission (Comisión Nacional de Valores - CNV), the body in charge of the supervision of the capital market in Argentina, issued two resolutions by means of which the regulatory regime for tender offers was modified.
Law 27,343 published on September 6, 2000 establishes that contracts executed under the Organic Law on Oil, (No. 26,621), as well as contracts providing guarantees and rules for the promotion of mining investments, may only include tax stability benefits in respect of current taxes (excluding fees and contributions).
Santiago-based Enersis SA retained the law firm in connection with its September 5, 2000 offering to its shareholders of up to US$1 billion in newly issued ordinary shares.
The firms worked on a Memorandum of Understanding under which UK-based Billiton will acquire a one third share of Carbones del Cerrejón from Anglo American and Switzerland's Glencore, the current equal owners.
On September 3 a decree was passed that will open up land line telephony services in Argentina to competition on November 9, 2000.