“O Rio de Janeiro continua lindo (Rio de Janeiro keeps its beauty)” are the words to Gilberto Gil’s immortal samba, but after years of economic decline, skyrocketing violence and corruption scandals, has the appeal of Brazil’s cidade maravilhosa remained intact?
Brazilian firm Ulhôa Canto, Rezende e Guerra - Advogados is preparing for tax reforms under President Jair Bolsonaro with a triple promotion.
Two partners have left Motta Fernandes Advogados and teamed up with former partners from the now-defunct Lobo & Ibeas to launch a new five-partner firm, while Xavier, Duque-Estrada, Emery, Denardi Advogados has rebranded following the hire of Gustavo Brigagão and Delvio Denardi’s departure to Motta Fernandes.
Schmidt, Valois, Miranda, Ferreira, Agel Advogados has hired a senior associate as partner to lead its environmental practice.
Several smaller Brazilian outfits have targeted Latin Lawyer 250-listed firms and in-house lawyers to bolster their senior ranks over the last couple of months.
Brazil’s Veirano Advogados and Japan’s Nishimura & Asahi have helped a group of Japanese lending banks restructure 7 billion reais (US$2 billion) worth of debt owed by Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais.
Pinheiro Neto Advogados has helped a subsidiary of US-Brazilian shopping mall company Aliansce buy holding company Altar, the owner of a stake in a Rio de Janeiro shopping mall.
Brazilian insolvency and litigation boutique Galdino, Coelho, Mendes, Advogados (GCM) has a new partner, the latest in a series of additions that have seen its partner count rise from six to 16 in the space of seven months.
Women account for 30 per cent of partner promotions at Latin American firms reported on by Latin Lawyer in 2016 to date.
Brazilian firms L O Baptista, Schmidt, Valois, Miranda, Ferreira, Agel and Ulhôa Canto, Rezende e Guerra - Advogados have both kicked off 2016 with the largest promotion rounds in their firms’ histories, appointing 14 new partners between them.