Central & South America

KLA strengthens its Intellectual Property team with new hire

MARIA MARTA DIAS HERINGER SALES joined KLA’s Intellectual Property team as of January of this year, focusing on issues related to Marketing Law, Entertainment, Advertising and Promotions,  including consulting and litigation involving Conar, CENP, CEPCO, SEAE and other self-regulatory agencies.

Mrs. Heringer has coordinated for many years the Marketing Law practice of important law firms in São Paulo and was a corporate lawyer at Grupo Abril, a major communication conglomerate in Latin America. More…

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Halsbury Chambers Attorney Jayson Romer Attends Best Practices and New Developments in High-Stakes Litigation and Arbitration Conference

High-Stakes disputes are here to stay. The age of technology has given rise to a number of global advancements including the growth and expansion of international commerce. In recent years, the speed of information technology has forced both major and minor business entities to contend with the issues born out of these advancements, among them, cases of instant liability occurring in local and international jurisdictions.

“In an age when information is available instantaneously and what happens thousands of miles away impacts everyday decisions affecting business plans, Halsbury Chambers invests in resources, time and energy to ensure that every member of the firm is informed,” says the firm’s founder Branville McCartney. Clients benefit from the dedication to a combination of basic tradition and immediate response to evolving law and jurisprudence.” More…

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KLA is recognized in 10 practice areas by “Análise Advocacia 500”

For the fifth consecutive year KLA is listed by Análise Advocacia 500 as one of Brazil´s most admired law firms. The firm was recommended in 10 out of 12 practice areas listed by the Brazilian publication and had partners nominally listed among the most admired lawyers in the country. The magazine identifies the most admired law firms and attorneys in the country through a survey held with the general counsels of Brazil´s largest 1,500 companies. More…

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By means of Law 25 of October 28th of 2014, is granted to the taxpayers, the opportunity of paying the taxes owed on their corporations and foundation of private interest that are not updated, with an exemption of 100% on fines and surcharges imposed up to the 30th September by the General Directorate of Income, until December 31st, 2014.

The government of the Republic of Panama has granted this incentive with the objective of cancelling all the fees due to date.

The omission in the enjoyment of this benefit would result in a 10% surcharge and an additional penalty interest of 2% per month or fraction from January 1, 2015.

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International Lawyers Network Welcomes New Member in Brazil, KLA-Koury Lopes Advogados

New York (October 10, 2014) – On Friday, the International Lawyers Network announced that they welcomed KLA-Koury Lopes Advogados as a representative for Brazil, joining long-time ILN member, Nehring e Associados.

KLA is a young and dynamic full-service law firm, established in 2002 by a select group of talented and highly qualified former partners and associates from some of the most prominent law firms in Brazil, who decided to join efforts and combine their expertise in an innovative endeavor and fresh philosophy on rendering legal services. More…

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Reforma a mercado de distribución de gas por redes incluiría revisión tarifaria en 2015

Autoridad estudiará la integración de empresas, cruce de propiedad y acceso de otros comercializadores a mercado del GN. Proyecto de ley estaría listo el próximo año.

Dentro del diseño de la Reforma al Modelo de Mercado que se hará el próximo año, participarán los mismos equipos que hoy están a cargo del mecanismo y los procedimientos para activar la fijación tarifaria, que hoy no está definida en la ley, y el análisis de la rentabilidad de las empresas. Entre ellos hay especialistas del Banco Mundial (BM), técnicos de la CNE y expertos como el académico y ex ministro Alejandro Jadresic; Gabriel Bitrán, Juan Pablo Montero, Javier Velozo y Andrea Butelman. More…

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CNE expuso sobre cambios regulatorios del gas

El proyecto de ley se espera que esté listo en octubre de esto año,
para presentarlo a comienzos de 2015.

Sobre los pasos a seguir Andrés Romero explicó que se está trabajando con un grupo intergubernamental, conformado por el Ministerio de Energía, la CNE, el Ministerio de Economía y la Superintendencia de Electricidad y Combustibles. También participa un grupo de expertos, entre ellos, Juan Pablo Montero, Alejandro Jadresic, Javier Velozo, Gabriel Bitrán y Andrea Buttelman, además del Centro de Regulación y Competencia de la Universidad de Chile y el Banco Mundial. More…

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Cascadas: Citigroup Global Market presenta recurso ante Corte para que SVS cierre su procedimiento sancionario

Ambas partes ya habían solicitado al regulador que declarara la caducidad de las operaciones, y éste lo rechazó por medio de un oficio reservado. More…

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Financial Services Authority of Seychelles

With effect from the 1st March 2014, the Seychelles International Business Authority (“SIBA”) has been replaced by the Financial Services Authority (the “FSA”), with the coming into force of the Financial Services Authority Act 2013 (the “FSA Act”). The FSA’s new website is: www.fsaseychelles.sc.

While SIBA was both a regulator and a facilitating agency with an outward looking mission to promote Seychelles to the world, the FSA’s mission is predominantly to monitor, supervise and regulate services providers involved in non-banking financial services, which include corporate service providers, trust companies, foundation services providers and other regulated entities falling under the remit of other non-banking financial services legislation.

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Part 2. New regime of Substantial Ownership in the DR

2. Brief International Positions on the Substantial Ownership and Effective Control

2.1. US

As for the United States of America, briefly explained, there remains the restriction for foreigners to participate in the ownership and control of United States airlines, for only shares with voting rights up to 25% of its share capital could be held by non-US.

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