01. Brazilian Reinsurance Regulations Published

by Neil Montgomery and Ana Carolina Penteado
After the legal breakthrough at the beginning of 2007 with the enactment of Supplementary Law No. 126/07, which established the basic framework for the opening of the Brazilian reinsurance market, the final set of regulations for such opening have been finally enacted.

02. Prospective Legislative Reform to Improve Position of Minority

by Juliana Martines
Pending Brazilian legislation would improve the position of minority stockholders. Preferred stock issued by Brazilian corporations is often "bald stock", so-called because its preferred status is largely hollow.

03. CPMF no Longer Imposed on Bank Account Movements

by Antonio Amendola
All foreign investors have become familiar with CPMF when they make foreign direct investments in Brazil. CPMF is a tax imposed on all bank account debits and is levied at 0.38% of each amount debited. It is, therefore, a cost which no one can escape from.

04. Uncertain Future for Special Courts at Airports

by Marcus A. Matteucci Gomes
The Special Courts installed at Congonhas (São Paulo) and Cumbica (Guarulhos) airports by the National Justice Council (CNJ), and which are structurally supported by the Regional Federal Court of the 3rd Region, will be turning three months old on January 7, 2008.

05. The Rise of Export Restraints: Limitations from Inside-Out

by Roberto Kanitz
Since 1947, multilateral trade negotiations have been tackling the reduction of tariffs with the main objectives of regulating, liberalizing and stimulating trade among countries.

Felsberg Recent Cases

Felsberg e Associados Advises Mike Mullen Energy Equipment Resources and Etesco Drilling Company B.V. on USD 580 Million Contracts in Brazil

Editorial Board

Brazil
Thomas B. Felsberg
Neil Montgomery
Thiago V. Flores
Antonio Amendola
Carolina Saldanha
Marcus A. Matteucci Gomes
Evy Cynthia Marques

U.S.
Peter Allen

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