Brazil

Spanish trade and investments in Brazil have grown significantly, solidifying Spain's position as a major foreign investor in the country. In 2022, Spain ranked fourth among foreign direct investment (FDI) contributors to Brazil, with an FDI stock of approximately US$52.3 billion. Spanish investments in Brazil span multiple sectors, including infrastructure, energy, and financial services, with notable examples such as Banco Santander’s extensive branch network expansion and investments in renewable energy projects like the Marlim Azul gas power plant and the Ribeirão Gonçalves solar energy complex. The close economic ties between Spain and Brazil are also evident in trade relations. Spain has become one of Brazil's most important European trading partners. In 2023, bilateral trade reached US$11.8 billion, with Brazilian exports to Spain concentrated in commodities like crude petroleum, soy, and corn. Spanish imports from Brazil are highly reliant on oil, which accounted for 40.6% of the total imports in 2023, largely due to the increased demand caused by the disruption of Russian oil supplies following the conflict in Ukraine. Other products such as sugar and soy derivatives also saw significant growth during this period. Brazil’s export basket to Spain, while focused on commodities, has shown resilience and potential for diversification. The conclusion of the Mercosur-EU trade agreement could further enhance Brazil's access to the European market, particularly in agriculture, providing opportunities for growth in other sectors. However, challenges remain. Brazil must navigate evolving regulatory frameworks such as the European Union’s new deforestation law (EUDR), which will restrict imports from deforested areas, potentially affecting Brazilian exports of soy, beef, and other agricultural products. In terms of investment projects, Spanish companies have played a pivotal role in Brazil’s energy and infrastructure development. Repsol, a key player in the energy sector, has engaged in multi-billion-dollar investments in Brazil's offshore gas fields, while Neoenergia, another Spanish company, has established itself as a leader in renewable energy. These projects are crucial for Brazil's energy transition and infrastructure expansion, further reinforcing Spain’s role as a strategic investor in Brazil. Beyond traditional industries, the Brazilian government has emphasized its commitment to innovation and regulatory modernization, launching initiatives to foster a more favorable environment for foreign investors. Recent discussions between Brazilian and Spanish officials have highlighted the potential for increased collaboration, particularly in areas like renewable energy, digital transformation, and infrastructure development . As both countries explore these synergies, the framework for Spanish investments in Brazil is set to strengthen further, benefiting from shared interests and strategic partnerships. Fábio Medina Osório, the founding partner of Medina Osório Advogados and former Attorney General of Brazil, is a specialist in regulatory law and corporate compliance. He holds a Ph.D. in administrative law from Complutense University of Madrid and has been actively involved in organizing events alongside key financial institutions and telecom giants to discuss regulatory trends, infrastructure, and risk management strategies for companies looking to execute large-scale infrastructure projects or investments in Brazil. His expertise and leadership are essential for navigating Brazil’s complex regulatory landscape.  

Veirano releases its new Sustainability Report, aligned with GRI standards. See highlights in diversity, environment, governance, and social impact. Veirano Advogados presents the latest edition of its Sustainability Report, reaffirming its commitment to ESG (Environmental, Social, and Governance) principles and transparency in its institutional practices. Prepared voluntarily and in accordance with Global Reporting Initiative (GRI) standards, the report provides an overview of the progress made and challenges faced throughout 2023 in the areas of diversity and inclusion, environmental impact, ethical management, innovation, and social responsibility. Veirano is one of the first law firms in Brazil to adopt this international reporting standard, underscoring its role as a driver of change in the legal sector and society. Read the full report and learn more about our initiatives, here.

Since its foundation, CGM has grown consistently, attracting and developing talent that shares our culture and values. The promotion of André, Cristina, and Fernando reflects this commitment and marks a new step in their professional careers. It is a privilege to have them join us in this new role,” said André Gilberto, the firm's CEO. The promotions align with CGM's sustainable growth strategy. The three new partners are part of the Corporate, Contracts, and M&A practice, and they bring complementary expertise that strengthens the firm's full-service model. André Lins is one of the leaders of the Life Sciences practice, Cristina Rangel has extensive experience in corporate governance and private equity, and Fernando Di Francesco works with estate and succession planning as well as venture capital.

The initiative positions Veirano Advogados as one of the few law firms in Brazil with a specialized practice in Fashion Law. Veirano Advogados has officially consolidated its Fashion Law practice, offering specialized legal support to the luxury and fashion industries. This new focus practice combines years of experience advising clients in this dynamic sector, which was previously served across various practice areas within the firm. The launching event took place at our São Paulo office and featured Silvia Braz, one of Brazil’s most prominent fashion and lifestyle entrepreneurs and influencers. Veirano’s Fashion Law practice is designed to serve the entire fashion ecosystem from raw material suppliers to manufacturers, retailers, media, and digital platforms supporting clients at every stage of their business development. “Our goal with this practice is to deliver highly specialized, multidisciplinary legal solutions tailored to the unique needs of the fashion and luxury market,” explains Isabel Hering, head of the Fashion Law practice. “We are consolidating the expertise that Veirano has built over the years into a single, dedicated team.” The team includes specialists in intellectual property, corporate law, tax and customs, consumer and conflict resolution, labor, compliance, privacy, and criminal law, among others. To further support multinational clients, Veirano also leverages a network of trusted international partners, ensuring a global perspective and comprehensive legal solutions. With this initiative, Veirano becomes one of the few Brazilian full-service law firms with a practice focused on Fashion Law — offering innovative, strategic, and high-quality legal advice to a sector that is constantly evolving