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.
Central Bank of Brazil (BCB): New rules to join and use PIX
The Central Bank of Brazil (“BCB”) published Regulation No. 429 on November 11, 2024 (“BCB Regulation 429”), amending BCB Regulation No. 1, of August 12, 2020 (“BCB Regulation 1”) and its attached regulation, significantly changing the rules for unauthorized institutions to join and use PIX.
Ministry of Mines and Energy launches Public Call to select Low-Carbon Hydrogen Hubs
Selected projects may be included in Brazil’s investment plan to access funds from the Climate Investment Funds – Industry Decarbonization, estimated at USD 125 to 250 million per country. As part of its industry decarbonization strategy, the Ministry of Mines and Energy (“MME”) recently issued a Public Call to identify innovative proposals for developing commercial-scale low-carbon hydrogen hubs in Brazil.
Future Fuel Law is enacted, marking a key step in the energy transition
The new law drives the use of sustainable fuels, regulating carbon capture technologies, and promoting the transition to a low-carbon energy matrix.
