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.
On January 13 2001, Telesp Celular Participacoes SA, Brazil's largest cellular operator, bought Global Telecom SA for US$1.21 billion.
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.
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.
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.
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.
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).
Hughes Hubbard and Machado Meyer represented the lenders, Barclays Capital, in the renewal of the programme which became effective on December 12 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.
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'.