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"Souza, Cescon, Barrieu & Flesch Advogados is a Brazilian law firm committed to offering legal services with outstanding, quality and efficiency. The full-service firm has five ..." read more
"Credibility, innovation and a commitment to excellence are the hallmarks of Pinheiro Neto Advogados. Since 1942, the firm has played a prominent role in shaping the Brazilian legal..." read more
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Who are the 100 most influential and innovative in-house counsel working in the region? The Legal 500 has interviewed thousands of in-house and private practice lawyers to draw together a list of those corporate counsel who offer an operative model with lessons for fellow in-house professionals.

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Legal market overview

It is certainly clear that, while Brazil remains an attractive investment option at a global scale, it has lost a little of the allure acquired when the country was initially identified as one of the BRIC group of key emerging economies, and subsequently went on to be awarded the FIFA World Cup and the Summer Olympics. While the Brazilian economy continued to grow during 2012, its slowing from 2010’s heady 7.5% to less than half that last year did not promote a perception of economic well-being; the first quarter of 2013 saw continued poor performance with growth of just 0.6%, although annual forecasts project a better year than 2012.

The legal market has seen considerable movement, not only of individual lawyers, but also in terms of spin-offs and splits: two cases in point being the establishment of Stocche Forbes in September 2012, formed by two groups lawyers from leading players Souza, Cescon, Barrieu & Flesch Advogados and Machado, Meyer, Sendacz e Opice – Advogados; and the more recent division of Xavier Bragança Advogados in June 2013, giving rise to Xavier, Duque-Estrada, Emery, Denardi Advogados and Bragança Advogados, respectively. Since this latter division, Bragança Advogados has subsequently announced its merger into growing full service player Veirano Advogados.

Leading Brazilian firms, Barbosa, Müssnich & Aragão, Machado, Meyer, Sendacz e Opice – Advogados, Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, Pinheiro Neto Advogados, and Tozzini, Freire, Teixeira e Silva have largely maintained their top market positions, capturing a healthy proportion of transactional activity. 2012 did, however, see the termination of the twelve-year-old association between Lefosse Advogados and Linklaters as a result of the Brazilian Bar Association clamp down on international tie-ups. Campos Mello Advogados, Tauil & Chequer Advogados in association with Mayer Brown LLP and Trench, Rossi e Watanabe Advogados, associated with Baker & McKenzie all continue as practices associated with foreign firms.

With corporate activity subdued by comparison with previous years, the capital markets primarily saw debt-side activity. The competition sector did see significant developments, however, with the consolidation of all relevant regulatory powers in one administrative agency, CADE (Conselho Administrativo de Defesa Econômica) and introducing a new pre-merger notification system that brings Brazil further into line with international practice. The proposed new mining code has also received a cautiously positive reception, with lawyers regarding the balance between promoting investment, simplifying regulation and increased royalties as more or less in line with industry expectation.

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  • Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...
  • Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

    Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...
  • Proud to continue charitable donations in 2014

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  • New Swiss Law on Product Safety

    The Swiss law on product safety ( Produktesicherheitsgesetz, PrSG) is currently scheduled to enter into force on July 1, 2010. This new law aligns Swiss product safety requirements with EU law. It applies not only to manufacturers, but to anyone who commercially or professionally markets products in Switzerland, and it introduces substantial new obligations before and after the sale of a product.
  • Chambers Global has once again recognised Pepeliaev Group's tax practice as the best in Russia

    The Chambers Global 2014 international ratings have hailed Pepeliaev Group's tax practice and the firm's managing partner Sergey Pepeliaev as Russia's best in the area of taxation (band 1 and Star Individuals). Commentators describe Mr Pepeliaev as "the father of Russian taxation." He has an outstanding reputation in tax litigation, for which he is said to be "absolutely brilliant." In addition, Chambers Global  lavishes praise on Rustem Ahmetshin (band 2), one of the firm's senior partners, who has considerable expertise in areas such as VAT and audit advice. Chambers Global sources commend Pepeliaev Group partner Valentina Akimova (band 3) as a "smart tax specialist." She has significant experience in a wide range of tax matters such as VAT, income tax and excise duties. Sources recommend Andrey Nikonov (band 3), another senior partner in the firm, as an authority on VAT, mineral extraction tax and unified social tax.  Chambers Global also rates Mr Nikonov highly for his experience in resolving tax disputes advising on the tax aspects of M&A transactions.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE TRANCHE- II OF PUBLIC ISSUE OF TAX FREE

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the Tranche- II of public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 1,000 Crore.
  • WHAT CANNOT BE DONE DIRECTLY CANNOT BE DONE INDIRECTLY ANDHRA PRADESH HIGH COURT

    In a recent landmark judgment of the Hon'ble Andhra Pradesh High Court in the matter of Deccan Chronicle Holdings Ltd. (DCHL) & Ors. Vs. Union of India & Ors ., the Hon'ble Court has laid down an important principal of law to the effect that SARFAESI Action can be taken by an assignee/ successor in interest only if the original lender had SARFAESI power.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE PUBLIC ISSUE OF TAX FREE BONDS AGGREGATI

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 2,100 Crore.
  • Angel Buzalov from “Popov & Partners” has participated in “Legal Day 2014”of GBICC

    On 20.03.2014 was carried the first part of the annually organized forum "Legal Day" of German-Bulgarian Industrial Commercial Chamber. Representatives of the leading legal companies in Bulgaria and industry representatives also took part in the event.
  • “Popov & Partners” took part in the consultations organized by the German-Bulgarian Industrial C

    On 24.03.2014 a meeting of the Advisory Board "Law" of the German-Bulgarian Industrial Commercial Chamber (GBICC) was held. The event was attended by representatives of the business as well as lawyers from major law firms in Bulgaria, including the law firm "Popov & Partners."