Central & South America

Video criticizing financial institution will not have to be removed from Youtube

In a recent decision, the São Paulo Court of Justice denied a request from Banco Bradesco requesting the removal of video published on Youtube containing criticism of the investment fund of the financial institution.

According to the decision, the Rapporteur considered that the criticism made in the video did not exceed the limits of the legitimate exercise of the right to free expression of thought guaranteed by article 5, item IV of the Federal Constitution, since the consumer has the right to expose Dissatisfaction with the services provided by the bank. Moreover, according to the Rapporteur, consumer criticism does not offend the objective honor of Banco Bradesco, since it is one of the largest private banks in the country.

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KLA recommended by international publication Chambers Global 2017, Latin Lawyer 250 and Leaders League

The KLA was once again recognized by the internationally renowned Chambers Global 2017 , Latin Lawyer 250 and Leaders League publications . Congratulations to all those involved!
Check the results:

Chambers Global – An international reference publication ranking rankings for the best lawyers and law firms in the world.

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Salaberren & Lopez Sanson (SyLS) in M&A Deal of the Year Award by Latin Lawyer

SyLS advised on the transaction that won the M&A Deal of the Year Award by Latin Lawyer, as co-counsel to Papa Energia S.A. in its approx. US $1 billion acquisition of Petrobras Argentina S.A.

SyLS Team was led by Rafael Salaberren Dupont (Head of the Corporate – Finance and M&A Practice), Senior Associates Juan Manual Campos Alvarez and Mariano Monserrat and Associate Diego D’Odorico.

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Mexicana Bimbo escala conflicto con Canal 13 y exige pago de US$65 millones

Ideal acusa que gastó $803.294.756 en contratos para mejorar reputación tras la emisión del programa de Contacto del canal ligado a Andrónico Luksic. El 9 de julio de 2013 la relación entre Ideal, filial del gigante Bimbo, y Canal 13 se quebró. La emisión del capítulo denominado “Alimentos saludables: ¿gato por liebre?” del programa Contacto cortó la relación entre ambos, y esta vez el conflicto volvió a escalar.

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Equal employment opportunity rights of disabled persons

As a constant reminder to our staff and also as information available to clients with actual or intended activities within the territory of the Republic of Panama, we refer to the most important aspects of the latest reforms in our legislation concerning equal opportunities and considerations for disabled persons.  The reforms and new provisions enacted under Law 15 of the 31st of May, 2016 should always be kept in mind and under strict compliance.

 

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PREFEITURA DE SÃO PAULO ADERE AO PROGRAMA EMPREENDA FÁCIL

A Prefeitura de São Paulo formalizou, no último dia 6, o lançamento do “Programa Empreenda Fácil”, cujo objetivo é facilitar a constituição e regularização de empresas no Município, organizando processos e reduzindo prazos e a burocracia.
Em sua maior parte, os procedimentos previstos no Programa serão efetuados por sistemas disponibilizados pela Prefeitura de São Paulo, suprimindo a necessidade de comparecimento dos empresários e representantes em diversas repartições públicas. Inicialmente o programa atenderá as empresas classificadas de “baixo risco”, consideradas como tal aquelas localizadas em edificações com área construída inferior a 1.500 m² ou instalados em área de até 500 m², que não demandem licenciamentos específicos. As empresas que tenham atividades econômicas classificadas de baixo risco, poderão obter a liberação de alvará automática, sem inspeção prévia.
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Aspects of the proceedings for the annulment and replacement of shares under Panamanian legislation

The purpose of the judicial procedure related to the annulment and replacement of shares contemplated in the Panamanian legislation is to request, before the corresponding authorities, the annulment and replacement of shares (registered or to the bearer) due to loss, destruction or theft, in which the owner must prove or justify his property right as well as the reason for making such request.

Article 961 of the Panamanian Commercial Code stipulates the following:

Article 961. Letters of exchange, shares, stocks, and obligations and other commercial titles may be annulled in court upon the request of the owner thereof proving his rights and the facts motivating such a request”.

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Prorrogado Prazo de Audiência Pública sobre Consultoria de Valores Mobiliários

A Comissão de Valores Mobiliários (CVM) prorrogou até o dia 20.03.2017 o prazo para recebimento de sugestões e comentários a respeito da Audiência Pública SDM 11/2016, que discute três normas relacionadas à atividade de consultoria de valores mobiliários.

 

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What do I do when my business partner or executive gets involved in a corruption scandal?

The negative impacts of a company’s involvement in cases of corruption through its partners or managers can lead to a definitive decline and, depending on its market relevance, cause, by domino effect, devastating consequences for the economy of a company. Whole industry, as we have been following in our country.

Imagine a hypothetical situation, but not so far from the reality that we live: a famous partner and / or director of a Brazilian multinational suddenly becomes the defendant and the target of investigations in several criminal cases by the alleged practice of crimes of corruption and money laundering.

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New Rules for the Investment Registry in the Country and Deadline for Updating the Economic and Financial Statement

On January 30, 2017, new rules applicable to the registration of foreign direct investment in the country with the Central Bank of Brazil (the so-called RDE-IED system) came into force.

The new rules greatly simplified the registration of transactions involving foreign direct investments and also required the updating of economic and financial data of foreign investment companies with total assets or equity equal to or greater than R $ 250 million.

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