Market: Brazil

Tauil & Chequer Advogados in association with Mayer Brown has helped Brazil’s Eletrobras use its utilities subsidiary Furnas to acquire shares in two hydroelectricity companies from state-owned counterpart Cemig in a deal worth 593 million reais (US$119 million).

24 May 2023

A former engineer at Brazilian state energy company Petrobras convicted in Brazil of laundering bribes for construction group Odebrecht is challenging a court order that allows the Serious Fraud Office to seize £7.3 million (US$9 million) held in his UK bank account.

23 May 2023

Two Allen & Overy LLP offices and Machado Meyer Advogados in São Paulo have helped Brazilian waste management company Orizon raise 369 million reais (US$73 million) in a follow-on offering.

23 May 2023

Mello Torres in São Paulo has helped the Swiss subsidiary of US healthcare supplier Henry Schein acquire Brazilian dental implant company Sistema de Implante Nacional (SIN) from Southern Cross, one of Latin America’s largest private equity funds.

22 May 2023

Brazil’s Petrobras has lost a US$162 million arbitration against the construction group formerly known as Odebrecht over alleged violations of a shareholders’ agreement for a petrochemicals company.

19 May 2023

Brazilian firm Dias Carneiro Advogados reported last month that its founding partner, Henrique Dias Carneiro, had passed away.

18 May 2023

Cescon, Barrieu, Flesch & Barreto Advogados has strengthened its investment funds and telecoms practice areas by hiring lawyers from Mello Torres and Mattos Filho as partners.

17 May 2023

Mattos Filho has helped Brazilian property investor Samuama structure a new financing vehicle that will invest in local forest assets and issue carbon credits.

17 May 2023

Fabianna Morselli has left Demarest Advogados to join the partnership at boutique competition law firm Caminati Bueno Advogados in São Paulo.

16 May 2023

Brazilian private equity fund Treecorp has hired Machado Meyer Advogados and Bichara e Motta Advogados to invest 1.3 billion reais (US$263 million) in local football club Coritiba, in return for a majority stake.

16 May 2023