Market: Brazil

Brazilian cement maker seeks US restructuring recognition

Brazilian cement maker Cimento Tupi is seeking Chapter 15 recognition of its restructuring in New York.

18 February 2021

Four firms in Brazilian mobile technology IPO

Hogan Lovells LLP in São Paulo and New York and Brazilian firm BMA - Barbosa, Müssnich, Aragão have helped local mobile content company Bemobi launch an IPO worth 1.3 billion reais (US$234 million) on the B3 stock exchange.

17 February 2021

BNDES backs Patria solar project in Bahia

Essentia Energy – a new subsidiary of Brazilian private equity investor Patria Investimentos – has hired Machado Meyer Advogados to obtain a 910 million reais (US$176 million) financing to fund the construction of a solar park in the state of Bahia.

17 February 2021

Brazilian Supreme Court axes right to be forgotten

Brazil’s Federal Supreme Court has deemed the right to be forgotten as unconstitutional, in a ruling that will have huge implications for big data and modern technology.

17 February 2021

Pinheiro Guimarães partner leaves for Lobo de Rizzo

Brazilian law firm Lobo de Rizzo Advogados has hired a partner from respected capital markets firm Pinheiro Guimarães to boost its efforts in the field.

16 February 2021

Several firms in Brazilian lorry rental IPO

Two Milbank offices and Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados in São Paulo have helped Brazilian lorry rental company Vamos launch an IPO on the B3 stock exchange worth 1.1 billion reais (US$221 million).

16 February 2021

Promotions at LatAm firms spiked at year-end

Latin Lawyer has recorded a 38% increase in end-of-year promotions to partner level at Latin American law firms, while the proportion of women lawyers elevated to the top rank dropped compared to the previous year’s figures.

15 February 2021

Brazilian energy IPO misses target

Simpson Thacher & Bartlett LLP in New York and Demarest Advogados in São Paulo have helped Brazil’s Focus Energia raise 887 million reais (US$165 million) in an IPO to fund the construction of solar projects.

15 February 2021

Minas Gerais development bank offers sustainable bonds

Brazil’s Madrona Advogados has advised the development bank of Minas Gerais, BDMG, on a sustainable bond issuance of US$50 million, which it will use to back green and social projects in the state.

15 February 2021

Demarest partner launches labour boutique

Former partner and head of labour litigation at Demarest Advogados – Marcello Della Mônica Silva – has left to launch a boutique in Brazil.

12 February 2021

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