Central & South America

Amendment to the Rules on the Establishment of Liens and Liens of Financial Assets and Securities Subject to Registration or Centralized Deposit

On April 6, 2017, Provisional Measure No. 775 (” MP 775 “) was amended to amend the legislation on the establishment of liens and liens (guarantees) on financial assets and securities subject to registration or centralized deposit, Law no. 12.810 / 13 and revocation of art. 63-A of Law 10,931 / 04.

The centralization of the deposit and registration of guarantees on financial assets and securities is presented in recent years as a widely discussed topic in the face of the various doubts that the market faced regarding the coverage and formalization of guarantees. In this sense, MP 775 brought important changes.

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Sócio do KLA comenta sobre o Projeto da Lei de Seguros brasileira

Fabio Ramos, sócio da área de seguros do KLA, comenta o Projeto da Lei de Seguros brasileira em entrevista para a publicação Financial Services Advisor. Confira abaixo a entrevista na íntegra:

Does Brazil Need Reforms to its Insurance Sector?

New legislation pending in Brazil’s Congress could lead to several changes in the country’s insurance sector, the London-based International Law Office reported in late March.

The measure could mean changes relating to insurance contracts, payment of premiums, co-insurers and reinsurance.

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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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