Finance: New rules for the Brazilian Export Finance Program

As a result of the dispute between the Brazilian aircraft company Embraer (Empresa Brasileira de Aeronáutica SA) and its Canadian competitor Bombardier, the Brazilian Monetary Council decided to redefine the criteria applicable to the transactions carried out under the interest rate equalisation system of the Brazilian Export Finance Program commonly referred to as 'Proex'.

Get unlimited access to all Latin Lawyer content