Industries and markets

Brazilian Government Plans to Auction 44 Infrastructure Assets in 2020

“Among the projects are the concession of 22 airports (divided into three blocks) to the private sector, seven highways, nine port terminals, two railroads, and the renewal of four rail freight transportation contracts.”

Argentine Government Plans Heavy Rise in Taxes, from Agribusiness to Tourism

“President Alberto Fernández calls on Congress to grant him “special powers” to renegotiate foreign debt. The first measure was a decree affecting agricultural exports, Argentina’s main source of foreign currency.”

Ecuador: New multiple payments form for e-invoicing

The Ecuadorian tax authority SRI (Servicio de Rentas Internas) has replaced the prior form 106 with new version in order to allow for multiple tax payments through e-invoicing. This new online service is the result

Brazil: New rules for tax disputes

The basis for the tax dispute settlement between the state and taxpayers in Brazil is the Provisional Measure No. 899 (Medida Provisória 899/2019 or MP 899) of October 17, 2019. A provisional measure is a

Mexico: Requirement of “certain date” in private documents

With four votes in favor and one abstention, on October 23, 2019, the Second Chamber of the Supreme Court of Justice of Mexico, resolved the contradiction of thesis number 203/2019, which concerns the “certain date”

Brazil to Honor R$1.8 Billion in UN and BRICS Bank Debts in 2019

“On the other hand, it will no longer honor commitments to other international entities such as CAF, IDB Invest, (FONPLATA), and IDA.”

Petrobras awards long-term FPSO contract to Dutch operators SBM Offshore

“SBM Offshore is pleased to announce it has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Sepetiba. These contracts follow the signing of the binding Letter of Intent as announced

The 50 Best Companies to Work in Brazil in 2020, According to Employees

“In this first edition, the German company SAP, which operates in the corporate software sector, won the podium and was elected by Glassdoor as the best company to work for in Brazil.”

Government orders dismissal of head of exploration at Pemex for corruption

“Miguel Ángel Lozada was allegedly involved in ‘Master Fraud’ embezzlement scheme.”

“Bad news” for Argentine industry: Fernández’s emergency decree doubles compensation for 180 days

“In the case of dismissals without just cause ”the affected workers will have the right to receive double the corresponding compensation in accordance with current legislation,“ the brand-new Fernández administration explained.”