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New international public bid in the mining sector
New international public bid in the mining sector

New international public bid in the mining sector

15 September 2000

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.

New common system of industrial property in the Andean countries
New common system of industrial property in the Andean countries

New common system of industrial property in the Andean countries

14 September 2000

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.

Public stock offering conditions issued
Public stock offering conditions issued

Public stock offering conditions issued

14 September 2000

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.

E-commerce regulations on certifying entities
E-commerce regulations on certifying entities

E-commerce regulations on certifying entities

11 September 2000

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.

Bidding round opened for development of Venezuelan gas
Bidding round opened for development of Venezuelan gas

Bidding round opened for development of Venezuelan gas

07 September 2000

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.

New legal framework for tender offers
New legal framework for tender offers

New legal framework for tender offers

07 September 2000

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.

Regulation of Legal Stability Agreements
Regulation of Legal Stability Agreements

Regulation of Legal Stability Agreements

06 September 2000

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).

Davis Polk advises leading Latin American private sector electric utility company
Davis Polk advises leading Latin American private sector electric utility company

Davis Polk advises leading Latin American private sector electric utility company

05 September 2000

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.

Mayer Brown, Linklaters and Colombian firms advise European mining companies
Mayer Brown, Linklaters and Colombian firms advise European mining companies

Mayer Brown, Linklaters and Colombian firms advise European mining companies

05 September 2000

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.

New rules for competition
New rules for competition

New rules for competition

03 September 2000

On September 3 a decree was passed that will open up land line telephony services in Argentina to competition on November 9, 2000.