Latin American Law and Business Report articles from October 1998

Latin American Law and Business Report archives from October 1998

Year 2000 Risks in Latin America--Seller Beware.
October 31, 1998... A review of "Year 2000" regulations Editor's Note: Computers and other digital equipment with date-sensitive processors and programs may malfunction after December 31, 1999. This so-called Y2K problem is prompting insurance companies and...

Analysis of Brazil's Stabilization Measures.
October 31, 1998... Government Package will face formidable challenges to plan announced on October 28 Government Leans Heavily on Tax Hikes in Stabilization Plan The government announced its long awaited strategy to slash the public sector deficit, the...

MARKET NOTES.
October 31, 1998... EDITOR'S NOTE: This issue of Market Notes was compiled with the assistance of The Weston Group in New York, a merchant bank which specializes in Latin American capital markets in the areas of Investment Banking Services, Capital Markets and...

New Rules for Insurance Companies in Argentina.
October 31, 1998... The National Superintendency of Insurance (NSI) adopted Resolution 25,804 (the Resolution), which was published in the Official Gazette on April 30, 1998. The resolution reopens the Insurance Companies Registry, minimum capital requirements,...

Argentine Labor Law--Changes to Severance Pay Requirements.(Brief Article)
October 31, 1998... The Argentina Congress has recently made significant changes to Argentina's Employment and Labor Law through its enactment of Law 25,013 (the "Law"). According to the Argentine Government, the changes will modernize the old legislation and...

New Regulations by Brazilian Antitrust Agency to Expedite Approval Process.
October 31, 1998... In response to the dramatic increase in merger activity in recent years resulting from the liberalization of the market and privatization, the Brazilian competition law agency CADE (the Administrative Council for Economic Defense) has enacted...

October Election Results Bode Ill for Economic Plan.
October 31, 1998... Sao Paulo State stays in Government camp, opposition candidates win elsewhere Government Loses 15 Seats in Lower House The size of the government's majority in the lower house of Congress suffered a reduction in the October 4...

Recent Developments.(Brazil)(Brief Article)
October 31, 1998... Pinheiro Neto-Advogados Advances for Future Capital Increases On August 24, 1998, the Central Bank of Brazil issued Circular No. 2832, which authorizes advances for future capital increases related to (a) acquisitions under the...

Recent Changes in the Costa Rican Energy Sector.(Brief Article)
October 31, 1998... A number of provisions in the Costa Rican Energy Law were recently amended, and a new bill is being studied in Congress to allow more foreign participation. New power projects are coming on-line, including geothermal and wind projects....

International Consortia Bidding on the Privatization of Cancun Airport.(Mexico)(Brief Article)
October 31, 1998... On June 29, 1998, in accordance with the Mexican Airport Law (the "Law"), the Mexican Secretary of Communications and Transportation (the "Secretary") published the call and bidding Criteria (the "Criteria") in the Official Mexican Gazette...

What's Love Got to Do with It?(joint venture breakup, Autolatina)
October 31, 1998... (The Breakup of Joint Ventures--An Autopsy of Autolatina) The Dark Side of Joint Ventures Much has been written about the benefits of joint ventures and how to set them up. One such article written by the author and entitled Anatomy...

The 50 Largest Mergers and Acquisitions in the Third Quarter of 1998.(Illustration)(Statistical Data Included)
October 31, 1998... Target Name Target Business Description TELESP (Telebras/Brazil) Provide telephonic commun svcs Telesp Cellular Partipacoes Pvd cellular telecom svcs Tele Norte Leste (Telebras) Pvd...

Allocating Lender and Construction Risks in Oil and Gas Projects in Latin America.
October 31, 1998... (Editor's Note: This second of a two-part series focuses on lender and construction contractor risks. Part One [LALBR, September 30, 1998, p. 2] examined sovereign, currency, and local partner risks.) Lender Risks A project lender...

Venezuelan Legal and Business Developments.
October 31, 1998... Economics As in August, economics and politics continued to dominate the domestic scene and are interwoven. The decline in world oil prices has forced Petroleos de Venezuela SA (PdVSA) and the Government to make repeated cut-backs in...