BRAZIL LEAGUE TABLES \ FIRM BRIEFINGS Brazil PROJECT FINANCE


Highly recommended Pinheiro Neto Advogados Souza Cescon Barrieu e Flesch Stocche Forbes Padis Filizzola Clapis Advogados


Recommended Campos Mello Cascione Pulino Boulos e Santos Advogados Siqueira Castro Advogados Pinheiro Guimarães Tauil & Chequer Advogados TozziniFreire


CORPORATE


Highly recommended Barbosa Mussnich & Aragao Advagados Machado Meyer Sendacz e Opice Pinheiro Guimarães Pinheiro Neto Advogados Stocche Forbes Padis Filizzola Clapis Advogados


Recommended Campos Mello Cascione Pulino Boulos e Santos Advogados Perlman Vidigal Advogados Rolim Viotti & Leite Campos Advogados Siqueira Castro Advogados Souza Cescon Barrieu e Flesch Tauil & Chequer Advogados TozziniFreire Vaz Barreto Shingaki & Oioli Advogados Xavier Bragança Advogados


Notable Koury Lopes Advogados Madrona Hong Mazzuco Brandão


DISPUTES


Highly recommended Pinheiro Neto Advogados Xavier Bragança Advogados


Recommended Rolim Viotti & Leite Campos Advogados


Notable Koury Lopes Advogados Madrona Hong Mazzuco Brandão


Introduction


Last year, two major changes shook the energy sector: the terms and conditions for the renewal of concessions expiring between 2015 and 2017 and federal intervention in energy concessions. The new terms and conditions for concession renewals introduced a tariff reduction. Besides this, a change in the amount of compensation was proposed but was deemed incompatible with the investments by the conces- sionaires. Despite the changes, the majority of companies with ex- piring concessions have accepted the new terms and conditions required for the renewal. There are recurring issues surrounding cross-border transactions include the mismatch between Brazilian currency-denominated project revenues and the foreign currency-de- nominated debt service and the need to have security interests over assets granted as collateral governed by Brazilian law. Then there are the often high taxes on imported goods and services, compliance with local authorities and other requirements in transactions involving BNDES, restricted insurance markets and visa issues. A recent regu- latory change now requires that infrastructure projects be registered with government ministries.


Barbosa Müssnich & Aragão Advogados


2012 Firm Overview Most active disciplines


Disputes: Financial and corporate, Public, Tax, White-collar crime Financial and corporate: Banking, Equipment/asset finance, Investment funds, M&A, Private equity, Project finance Public: Competition, Environmental, Land, Projects, Regulatory Tax: Corporate tax, Indirect tax


Key energy sectors


Mining and metals, Power networks and distribution, Renewables, Traditional power


Key infrastructure sectors Healthcare, Ports and shipping, Roads


Key partners Álvaro Amaral CP de Jorge, Alex Cukier, Anna Carolina de Oliveira Malta, Carlos Frederico Lucchetti Bingemer, Francisco Antunes Maciel Müssnich, Plínio Simões Barbosa


Barbosa Müssnich & Aragão prides itself on being well positioned to assist clients who wish to take advantage of investment opportunities in Brazil. The firm was a participant in the privatization and concession of public services in Brazil during the remodeling of the government’s role in the economy. It has also been advising the Local Organising Committee of FIFAs World Cup in Brazil in 2014 in order to support the committee’s bidding procedures and operating contracts. The team provided counsel on the approval of the General Bill, which will regu- late the main event and FIFA’s Confederations Cup in 2013. In January 2013, Barbosa assisted ANDL Serviços Geofísicos with


their participation in two public bids held by the National Agency of Oil and Gas to perform geophysics services related to oil extraction. The company won both bids which were valued at R$102.2 million ($51 million). Over a period of seven months in 2012, the firm assisted Cibe Investimentos e Participações with the formation of a joint ven-


44 ENERGY & INFRASTRUCTURE | LATIN AMERICA 2013


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