Market: Brazil

New rules for Brazilian investors in foreign stock markets

On August 9, 2000 the Brazilian Monetary Council altered the rules which govern the investments made by Brazilian residents in the foreign stock markets.

09 August 2000

Brazilian firms work with Freshfields in AutoBAn project

Tozzini, Freshfields, Machado Meyer and Clifford Chance are involved in a US$560 million syndicated transaction project with three major financial institutions. The main financing agreements were all executed by August 7, 2000.

07 August 2000

Andersen Legal firm merges with Thiollier e Pinheiro Advogados

The August merger of Brazilian law firm Branco Advogados Associados with Thiollier e Pinheiro Advogados has created a practice with more than 50 lawyers with offices in São Paulo and Rio de Janeiro.

01 August 2000

Beccar Varela and Vieira de Almeida retained in Mercosur venture

The two firms acted in the forging of a strategic alliance between Portugal Telecom, Unibanco and Banco Galicia announced on August 1, 2000.

01 August 2000

New head, office for Brazilian authority

The international journal of competition policy and regulation, Global Competition Review reports that Brazil's antitrust authority, the Economic Defence Administration Council (CADE), reconvened on July 5 with a new president, three new counsellors and a new address.

05 July 2000

Veirano & Advogados absorb Recife practice

As of July 3, 2000 Veirano & Advogados Associados absorbed the practice of Mauricio de Albuquerque & Antonio Mario Pinto Advogados SC, until now their correspondents, in the northeastern coastal city.

03 July 2000

Amaro, Stuber e Advogados Associados adds new partner to tax practice

Claudio de Abreu became partner at the beginning of July and is responsible for the firm's tax litigation practice. He has experience in defending domestic and international clients in tax related matters in several Brazilian State and Federal Courts. Additionally, he is a professor of tax law at the Pontifical University of São Paulo.

01 July 2000

Brazilian Courts protect personal assets of business owners - July

The Brazilian courts are reviewing many decisions of the lower-instance courts, which allow private property and assets of business owners to be used as payment of debts incurred by their companies.

01 July 2000

Update on new cosmetic products taxation

On June 28, Provisory Measure 1.991 regarding tax on industrialised products (Imposto sobre Produtos Industrializados - IPI) was republished as MP 2.037-19.

28 June 2000

Petrobras in largest ever Brazilian oil and gas financing deal

On June 20 the signing of the US$3.2 billion limited recourse project financing of the Barracuda and Caratinga Project by Petróleo Brasileiro SA was announced.

20 June 2000

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