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Brazilian recycler and Norwegian company in joint venture
Brazilian recycler and Norwegian company in joint venture

Brazilian recycler and Norwegian company in joint venture

20 January 2001

Azevedo Sette Advogados has been retained by TOMRA System ASA from Norway to assist it in a strategic alliance to be made with LATASA (Latas de Alumínio SA) to develop a new process of recycling aluminum cans in Brazil.

Brazil phone operator buys rival
Brazil phone operator buys rival

Brazil phone operator buys rival

14 January 2001

On January 13 2001, Telesp Celular Participacoes SA, Brazil's largest cellular operator, bought Global Telecom SA for US$1.21 billion.

BankBoston customers get access to online banking in Brazil
BankBoston customers get access to online banking in Brazil

BankBoston customers get access to online banking in Brazil

10 January 2001

BankBoston, a subsidiary of US-based Fleetboston, has signed an agreement with wireless operator BCP, a subsidiary of US-based Bellsouth, which will enable its Brazilian customers to have access to online banking services via the internet.

Brasil Telecom acquisition of regional provider blocked.
Brasil Telecom acquisition of regional provider blocked.

Brasil Telecom acquisition of regional provider blocked.

02 January 2001

On January 1 2001, the seventh Court of Federal Justice of Rio Grande do Sul blocked the incorporation of CRT into Brasil Telecom. The judge based the decision on charges that the CRT was undervalued when sold to Brasil Telecom because of a lack of financial transparency.

Holland & Knight establishes offices in Brazil
Holland & Knight establishes offices in Brazil

Holland & Knight establishes offices in Brazil

02 January 2001

George Mencio, head of the firm's international practice announced that the firm's association with Evaldo Ramos Advogados became effective on January 2, 2001, establishing offices in São Paulo and Rio de Janiero.

New Brazilian tax rules affecting foreign residents
New Brazilian tax rules affecting foreign residents

New Brazilian tax rules affecting foreign residents

30 December 2000

Provisional Measure No. 2,068-61 became effective on December 29, 2000 while Law No. 10,168 became effective on December 30; the dates on which they were both published.

First foreign acquisition of Brazilian contractor closes
First foreign acquisition of Brazilian contractor closes

First foreign acquisition of Brazilian contractor closes

23 December 2000

Azevedo Sette and Gouvea Vieira closed the transaction on December 23 with the Spanish construction company Dragados, acquiring 50 per cent of the capital of Via Engenharia for R$75 million (US$30 million).

US$75 million commercial paper programme for Brazil's Unibanco comes into effect
US$75 million commercial paper programme for Brazil's Unibanco comes into effect

US$75 million commercial paper programme for Brazil's Unibanco comes into effect

12 December 2000

Hughes Hubbard and Machado Meyer represented the lenders, Barclays Capital, in the renewal of the programme which became effective on December 12 2000.

Food: France's Danone becomes leader in Brazilian dairy market
Food: France's Danone becomes leader in Brazilian dairy market

Food: France's Danone becomes leader in Brazilian dairy market

12 December 2000

Groupe Danone, advised by Demarest e Alemeida, announced the acquisition of São Paulo-based Cooperativa Central de Laticínios's (CCL) newly-founded company on December 12, 2000.

'New Market' created by the São Paulo Stock Exchange (Bovespa)
'New Market' created by the São Paulo Stock Exchange (Bovespa)

'New Market' created by the São Paulo Stock Exchange (Bovespa)

11 December 2000

The purpose of the 'New Market', introduced by Bovespa on December 11, 2000 is to attract publicly-held companies willing to disclose more information on their businesses and take on more responsibilities before their minority shareholders - currently known as 'good corporate governance'.