Mondaq Latin America: All Topics
As exploration and production activities advance in the oil & gas industry, the host countries are challenged to create new, beneficial and efficient regulations that will ensure the development of a strong local industry.
The phrase "local content" has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regard to the oil & gas industry.
Since the early 70's an important debate is going on, in Brazil, about the ownership of rural land by foreign investors.
Brazil has recently acceded to the United Nations Convention on Contracts for the International Sale of Goods and became its 79th Contracting State.
Três decisões recentes da Comissão de Valores Mobiliários.
Brazilian Superior Court of Justice recognized and enforced a judicial award originated in the UK.
The new Forestry Code (Federal Law No. 12.651/2012) significantly modifies the laws governing specially protected areas, such as "Permanent Preservation Areas" and "Legal Reserves".
This April, as a result of Law 1.2783/2013 (MP579/2012), the Ministry of Mines and Energy (MME) issued Ordinance 117/2013, regulating the provision of electricity generation through hydroelectric plants which have not had their concessions extended, in order to ensure continuity of service.
Within the Program "Brasil Maior", Law no. 12,546/2011 created the Social Security Contribution on Gross Income which, until Dec. 31, 2014, and for some economic sectors, will replace the Social Security Contributions provided for in items I and III of article 22 of Law no. 8,2 12/91, calculated, in turn, on the total remuneration paid, due, or credited to ensured employees, autonomous workers, and individual taxpayers.
Em 4 de abril de 2013, a Agência Nacional do Petróleo, Gás Natural e Biocombustíveis ("ANP") emitiu o Ofício Circular nº 003/2013/SEP ("Ofício Circular"), por meio do qual deixou claro que a cessão de direitos e obrigações decorrentes de contratos de concessão referentes à exploração e produção ("E&P") de petróleo e gás natural está sujeita a aprovação prévia do CADE, autoridade concorrencial brasileira.
The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) decided to amend and add provisions to CVM Instruction No. 400, of December 29, 2003 (CVM Instr. 400/2003), that regulates public offers for the distribution of securities in the primary and secondary markets in Brazil, by means of CVM Instruction No. 533, of April 24, 2013 (CVM Inst. 533/2013).
The Brazilian agency for petroleum, natural gas and biofuels has recently issued Directive No. 003/2013/SEP, by means of which it made clear that the assignment of rights under concession agreements in the exploration & production segment is subject to the prior approval by CADE, the Brazilian antitrust authority.
Com a crise de racionamento de 2001, o modelo então adotado para a sistema elétrico mostrou-se ineficaz para garanti os principais objetivos de qualquer serviço público, qual sejam, a confiabilidade de suprimento, modicidade tarifária e universalidade.
With the rationing crisis in year 2001, the then adopted model for the electric power system showed to be ineffectual in assuring the core objectives of any public utility service, that is, reliable supply, fair electricity rates and availability to all.
The Provisional Measure No. 612 has recently entered into effect, thus changing, the legal regime applicable to customs locations within Brazil's secondary zones.
According to Brazilian law, the dividends distributed to the shareholders are exempt from income taxes.
The structuring of legitimate business transactions may often face obstacles in legal restrictions, which set hurdles or even prevent their implementation.
A discussion explaining the available exceptions to the rule relating to coastal trade in Mexican waters, with regards to vessels, offshore installations and those offshore craft that may or may not be deemed as vessels.
In March 2013, two new income tax treaties signed by Mexico, with Hong Kong and with Qatar, were published in the Mexican Official Gazette.
The status of PBGC coverage for Puerto Rico defined benefit plans is one that has been the subject of review and analysis by the PBGC for quite some time.
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In this 2012 Year in Review, we summarize some of the mining industry’s most noteworthy developments.
On December 1, 2011, after nearly seven years of ongoing deliberations, President Dilma Rouseff finally sanctioned the bill of law amending several sections of the Brazilian Antitrust Law.
A discussion on the recent changes in the Brazilian transfer pricing rules, introduced by MP 563.
Although internationally adopted, the expression "tax haven" has not been used in the Brazilian applicable legislation.
With the rationing crisis in year 2001, the then adopted model for the electric power system showed to be ineffectual in assuring the core objectives of any public utility service, that is, reliable supply, fair electricity rates and availability to all.
The structuring of legitimate business transactions may often face obstacles in legal restrictions, which set hurdles or even prevent their implementation.
On March 1st, 2013, the Central Bank of Brazil (Banco Central do Brasil – Bacen) released a set of four Resolutions issued by the National Monetary Council (Conselho Monetário Nacional – CMN).
The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) decided to amend and add provisions to CVM Instruction No. 400, of December 29, 2003 (CVM Instr. 400/2003), that regulates public offers for the distribution of securities in the primary and secondary markets in Brazil, by means of CVM Instruction No. 533, of April 24, 2013 (CVM Inst. 533/2013).
