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ARTICLE · 25 MARCH 2020

Doing Business In Brazil

Mayer Brown
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Last year was an important one for the Brazilian economy, with a stock market all-time high and falls in inflation and interest rates.

BrazilGovernment, Public Sector
Gustavo Scheffer Da Silveira
Gustavo Scheffer Da Silveira
Raid Abu-Manneh
Raid Abu-Manneh
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Continuing our series on operating under foreign jurisdictions, Gustavo Scheffer da Silveira and Raid Abu-Manneh explain how to make the most of opportunities in Brazil's infrastructure sector

Last year was an important one for the Brazilian economy, with a stock market all-time high and falls in inflation and interest rates. The "country risk" has been significantly lowered. This increased trust in Brazil's economy is reflected by growth in foreign direct investment (FDI), which rose 26% to US$75bn in 2019, from US$60bn the year before, bringing Brazil up from ninth to fourth among global FDI destinations – after the US, China, and Singapore.

This expansion of FDI came in the wake of privatisations such as the sale of Petrobras subsidiary Transportadora Associada de Gás to a foreign private group for US$8.7bn. National regulatory agencies, for instance on civil aviation (ANAC) and on petroleum, natural gas and biofuel (ANP), have also played a role in promoting

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Visit us at Tauil & Chequer

Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."

© Copyright 2024. Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. All rights reserved.

This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.

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