Cescon Barrieu advise on Elepar’s commercial notes issue
Cescon Barrieu advised Elepar Consultoria e Participações, as the issuer and Itaú BBA Assessoria Financeira, as the lead underwriter, in the 1st issuance of commercial notes, with real and fiduciary guarantees, in a single series, for public distribution, under the automatic registration rite, of the issuer, pursuant to CVM 160. Cescon Barrieu relied on partners Eduardo Kuhlmann Abrantes, Alice Fulgencio Brandao, associates Lucas Ubiratan de Oliveira, Anaclara Reis, Karina Figueiredo, Filipe Andrade and interns Luiz Moura and Tauana Gualberto.
Cescon Barrieu advised B. Side Investimentos on CRI issue
Cescon Barrieu advised B. Side Investimentos on the issuance of real estate certificates (CRI), of the 1st Serie of the 20th issuance of Leverage Companhia Securitizadora – backed by real estate rights owed by City Incorporadora, for public distribution, pursuant the CVM 160, in the total amount of BRL 60 million. Cescon Barrieu relied on partners Vitor Arantes, Lucas Padilha; associates Breno Cavalheiro, Gabriel Garcia and intern Bernardo Fruchtengarten
Central Bank of Brazil (BCB) proposes a rule to bar non-bank fintechs from using ‘bank’ in their name
A draft under public consultation proposes banning institutions authorized by the Central Bank of Brazil (BCB) from using terms that suggest activities they have no authorization to operate.
Cescon Barrieu steers triple Localiza debt tap
Cescon, Barrieu, Flesch & Barreto Advogados has acted as deal counsel in three debt offerings made by Latin American car rental giant Localiza Rent a Car, through which it raised a combined total of 2.7 billion reais (US$444 million). The same Cescon Barrieu team advised on each of the deals. Partners Frederico Viana Rodrigues and Alice Fulgêncio Brandão, and associates Lucas Ubiratan de Oliveira, André Brandão and Karina Figueiredo.
Cescon Barrieu e Candido Martins in ACP’s CRA issuance
Cescon Barrieu advised the underwriters on the public offering, under CVM 160, of agribusiness receivables certificates (CRAs) of the 1st and 2nd series, of the 160th issuance, of Opea Securitizadora, backed by agribusiness credits against ACP, in the total amount of BRL 200 million. Cescon Barrieu advised Banco Modal and BTG Pactual Investment Banking and relied on partner Marcelo Martins Moura, associates Vittoria Simoni, Ana Beatriz Borges, Gustavo Ferreira da Silva, interns João Pedro Gaspar and Ana Elisa Bollini.
Cescon Barrieu advises GASMIG on the issue of debentures
Cescon Barrieu advised Companhia de Gás de Minas Gerais – GASMIG and Banco Votorantim on the 9th issuance of simple non-convertible unsecured debentures, in a single series, for public distribution by the Issuer, in the total amount of BRL 200 million, pursuant to CVM 160. Cescon Barrieu relied on partner Marcelo Martins Moura; associates Vittoria Simoni, Bruno Camargos and interns Luiz Moura and Pedro Cichello.
Ministry of Mines and Energy (MME) Ordinance defines criteria for classification of priority projects in the Oil, Gas, and Biofuels area
Ministry of Mines and Energy (MME)/GM Regulation No. 93 of December 10, 2024 (Regulation) sets the criteria and conditions for classifying projects within the scope of the Oil, Gas and Biofuels Department as priorities to issue incentivized debentures and infrastructure debentures (Debentures), as outlined in Decree No. 11,964/2024.
Central Bank of Brazil (BCB) and Securities and Exchange Commission (CVM): new rules for Foreign Portfolio Investment
The Central Bank of Brazil (BCB) and the Securities and Exchange Commission (CVM) published Joint Regulation No. 13, dated December 3, 2024 (Joint Regulation 13) that consolidates, replaces, and improves the regulation of foreign investment in the financial and capital markets (Portfolio Investment). This was an important step enabled by Law No. 14,286, dated December 29, 2021, which provides for the Brazilian exchange market, Brazilian capital abroad, foreign capital in the country, and the disclosure of information to BCB.
