Mondaq Latin America: International Law
In re "El Brujo" the Argentine Supreme Court of Justice upheld the non-automatic licensing system established by the Executive, but has not completely dismissed the possibility of a court waiving the requirement of the Import Certificate, if sufficient evidence of an actual damage to the importer is found to justify the declaration of unconstitutionality of the Import Certificate requirement in a specific case.
The Federal Court of Appeals has directed Customs to allow the import of certain goods without prior presentation of the "Import Prior Sworn Statement".
The Argentine Viticulture Authority has issued new regulations related to the (i) approval of a new product, (ii) the analytical control of products entering Argentina, (iii) the approval of a new seal of quality, and (iv) the circulation of products in bulk.
The Ministry of Economy established special terms for the repatriation of foreign currency proceeds from the export of goods.
Communication "A" 5274 issued by the Central Bank of the Argentine Republic ("BCRA") became effective on January 31, 2012. As a consequence thereof, some changes were made in the system in force for the purchase of foreign currency by Argentine residents in the Single Free Foreign Exchange Market, (Mercado Único Libre de Cambios, "MULC") to cancel debts from imports.
The Customs service pledges additional difficulties to exporters that do not repatriate the proceeds of their sales.
The Argentine Central Bank clarified the scope of the regime with regard to the follow-up mechanism applied to the export permits.
A decision rendered by Room B of the Court of Appeals for Economic Criminal Matters in a case involving the omission to transfer to Argentina and sell for pesos the foreign currency proceeds of certain exports of goods, confirmed the decision of the lower court that found a company not guilty of infringement of the Foreign Exchange Criminal Regime.
Brazil has recently acceded to the United Nations Convention on Contracts for the International Sale of Goods and became its 79th Contracting State.
Brazilian companies, Brazilian individuals, and foreigners residing temporarily or permanently in Brazil who have assets abroad must submit the Declaration of Brazilian Capital Abroad to the Brazilian Central Bank.
The Senate Resolution No. 13 of 2012 was officially published and unified the rate applicable to interstate operations involving assets and goods imported from abroad.
The Secretariat of Foreign Trade of the Ministry of Development, Industry and Foreign Trade has initiated four new antidumping investigations and one new sunset review.
Recently, the Department of Trade Remedies of the Ministry of Development, Industry and Foreign Trade has initiated new anti-dumping investigations and sunset reviews in Brazil.
Since the talks amongst the "G-4″ members were abruptly interrupted last June in Potsdam, the WTO Doha Round negotiations have been in a deadlock.
The Department of Trade Remedies (DECOM) of the Ministry of Development, Industry and Foreign Trade recently launched several new anti-dumping investigations and a safeguard investigation in Brazil.
In the last two months, the Department of Trade Remedies (DECOM) of the Ministry of Development, Industry and Foreign Trade has initiated the following anti-dumping investigations, as well as four sunset reviews
The approval and signing into U.S law of the USA-Colombia Free Trade Agreement (the "FTA") that took place in 2011, presents a historical opportunity to strengthen the commercial ties between Colombian and American entrepreneurs.
This FTA, as indicated by its acronym, is a Free Trade Agreement of a bilateral nature that seeks to deepen the trade and investment relations between Colombia and the United States through the elimination of barriers of entry for various economic sectors and a set of clear and transparent rules.
As part of a continuous effort by the Mexican judiciary system to improve the administration of justice and the quality of rulings, the Federal Tax and Administrative Court has recently created two specialized chambers: (1) the Online Trials Chamber, which shall attend trials filed through the internet; and (2) the State Activity Chamber, in charge of ruling on cases related to decisions issued by administrative authorities.
The Venezuelan Minister of the People's Power for Foreign Affairs announced that on 24 January 2012, Venezuela denounced the Convention for the Settlement of Investment Disputes between States and Nationals of Other States (the ICSID Convention).
Most Popular Recent Articles
Brazil has recently acceded to the United Nations Convention on Contracts for the International Sale of Goods and became its 79th Contracting State.
Brazilian Superior Court of Justice recognized and enforced a judicial award originated in the UK.
The Second Chamber of the Brazilian Superior Court of Justice (Superior Tribunal de Justiça – STJ) recently ruled that international conventions signed by Brazil with the government of other countries for the avoidance of double taxation with respect to taxes on income (Tax Treaties) shall prevail over the domestic income tax legislation in the case of a foreign company contracted by a Brazilian company for the provision of services to be performed abroad without transfer of technology .
The Central Bank of Brazil (Banco Central do Brasil – Bacen) has been duly authorized to perform currency swap transactions with central banks of other countries, within the limits and under the conditions set by the Brazilian Monetary Council
Communication "A" 5274 issued by the Central Bank of the Argentine Republic ("BCRA") became effective on January 31, 2012. As a consequence thereof, some changes were made in the system in force for the purchase of foreign currency by Argentine residents in the Single Free Foreign Exchange Market, (Mercado Único Libre de Cambios, "MULC") to cancel debts from imports.
The Secretariat of Foreign Trade of the Ministry of Development, Industry and Foreign Trade has initiated four new antidumping investigations and one new sunset review.
In the last two months, the Department of Trade Remedies (DECOM) of the Ministry of Development, Industry and Foreign Trade has initiated the following anti-dumping investigations, as well as four sunset reviews
Although the economic uncertainty in the international markets still inspire a careful approach, projects for the internationalization of certain Brazilian banks seem to be going on, as in the case of the recent acquisition by BTG Pactual of the leading broker in transaction volume in the Colombian market, Bolsa y Renta, preceded by the purchase of the Chilean CELFIN, which has operations in the markets of Peru and Colombia, or even the transfer to the Banco do Brasil of the corporate control of
The Senate Resolution No. 13 of 2012 was officially published and unified the rate applicable to interstate operations involving assets and goods imported from abroad.
