Silvia Fazio – författare

Brazil''s power to attract international investors has become irresistible. Large-scale economic development, massive infrastructure projects, substantial agribusiness and commodities markets, and newly discovered oil and natural gas resources-combined with improvements in social standards and a consolidation of democratic institutions-have spearheaded the emergence of Brazil as a formidable global economy challenging the developed nations.

This is the first book in English to provide a detailed guide to the ways into and around the Brazilian economy. Thirty seven leading Brazilian practitioners describe and interpret laws and regulations governing business set-up procedures, transactions, contracts, financing, taxation, securities, intellectual property, real estate, dispute resolution, environmental protection, labor, insolvency, competition, trade remedies, anti-corruption, private funds and insurance. They explore every issue likely to be important to investors, including the following:

• competition, mergers and acquisitions, joint ventures;• contractual clauses, statutory requirements on specific agreements;• tax incentives available for infrastructure projects;• listing and offering requirements in capital and securities markets;• licensing, franchising, and other intellectual property agreements;• civil proceedings, arbitration, and the mechanisms of dispute resolution;• the structure of the Brazilian judiciary system;• rules on conflicts of law and competence of jurisdiction;• real property acquisition and development;• environmental liabilities;• forms of employment and employment contracts;• insolvency and bankruptcy proceedings;• trade remedy system;• anti-corruption legislation;• private equity, venture capital and investment funds; and• insurance and re-insurance.

Taking the point of view of a commercial lawyer required to draft and negotiate agreements governed by Brazilian law, each author contributes particular expertise to this incomparable resource for potential and actual investors in Brazil and their counsel. Thoroughly up-to-date in its exploration and understanding of the legal transformations that are taking place in Brazil, this book will be invaluable to corporate lawyers, investors, academics, and policymakers interested in Brazil''s role in the global economy.

The globalisation of markets has pushed static, territorially-bounded legal structures towards a more rapid and efficient adaptation to the globalised and regionalised reality. In addition, substantial modifications in the structure and activities of financial institutions have increased risks and the need for new regulatory responses. Efforts to harmonise commercial law within the global order have resulted in a fragmented and ad hoc process, constructed according to multiple different interests and in order to preserve public policies in the face of transnational challenges.

This book is the first to systematically analyse the current state of commercial law from a global perspective. The author seeks to both identify the reasons that are fostering the harmonisation process and to explain the ways in which it is developing. Among the relevant elements examined in this thorough analysis are the following:

how emerging countries are absorbing international standards (with a special case study of Brazil);the impact of corporate activities on legal systems;the role of the corporation in promoting the standardisation of laws;issues of social responsibility and corporate accountability;justifications for the regulation of the corporate world;free trade vs. fair trade;the impact of treaty reservations and different forms of treaty incorporation into national legal systems;interaction between regional trade agreements and the WTO system;how movements of capital are reflected in international initiatives as well as in regional legislation and regulation;co-operation among national financial authorities;the emerging new lex mercatoria; andthe role of professional associations such as the International Chamber of Commerce (ICC).

A detailed study of the various legal vehicles that promote the spread of international standards emphasizes the influential role of soft law and the emergence of customs alongside the case law developed by the International Court of Justice and the European Court of Justice. Further analysis includes a detailed comparison of the standardisation of company law in the Mercosur and the European Union, demonstrating the evolution of certain regional integration processes into full-fledged legal structures.

The synthesis of existing systems and emerging trends presented in this important book will be of immeasurable value to everyone working in the field of international commerce, from business executives and their counsel to policymakers and government officials. It will be consulted by all these professionals for many years to come.