Brazilian trade policy has been at a standstill lately, due to the upcoming elections. However, 2013 saw the introduction of new anti-dumping legislation aimed at accelerating and formalising investigations. With the first cases drawing to a close, sources are eager to see the interpretation of the new rules. Twenty “outstanding” lawyers are selected for inclusion.
Through large-scale investments, last year Brazil overtook China to become the seventh largest domestic IT industry in the world; it also comprises half of the Latin American IT sector alone. There are huge revenue opportunities in the telecoms market. According to Anatel, the industry regulator, there are 268 million handset users compared with 46 million a decade ago. By 2018, Brazilian mobile users are expected to increase to 350 million. With the country taking centre stage during the football World Cup and the Olympic Games, stakeholders are keen to invest in this area. This year we have identified 27 leading TMT lawyers.
It has been a whirlwind year for sports and entertainment lawyers in Brazil, the host nation of the 2014 World Cup, and the pace of activity is expected to continue with the Olympics in 2016. In this sector we identify eight leading specialists.
The Brazilian maritime industry has been growing rapidly due to increased activity in the offshore production of oil. The government also has plans to develop the port infrastructure due to the increase in Brazilian exports and it hopes to encourage private sector participation in port operations with a new law signed in 2013. In this active sector we identify 13 leading lawyers.
The recent World Cup and the upcoming Olympic Games mean that Brazil’s real estate practitioners have seen a heavy workload, especially in relation to hospitality projects. The government hopes these events will help to boost the country’s economy and international appeal and practitioners predict a continued growth in the demand for commercial real estate work in the coming years. Eight “exceptional” practitioners are featured in this chapter.
The procurement market in Brazil has had a lot of attention recently with the race to provide sufficient infrastructure for the 2014 World Cup and the 2016 Olympic Games. However, procurement in Brazil is fraught with legal issues, not least because the country does not adhere to the WTO Agreement on Government Procurement 1994. Foreign stakeholders therefore need added guidance on specific Brazilian legislation. Furthermore, the government has altered the bidding rules for projects relating solely to these two host tournaments, which some observers see as a test regime for future legal developments. Certainly, current laws are outdated and there is a need to reform the process. We feature seven lawyers who are able to provide excellent counsel for clients in this market.
Financing work remains strong, particularly in the mining, oil and gas and energy sectors. Despite a recent slowdown as the World Cup takes place, practitioners remain optimistic thanks to the work still flowing out of the upcoming Olympic Games and the “huge potential” that still remains for infrastructure financing. Greater incentive towards using project bonds and debt capital markets has already led to some success and it is expected that these will remain viable financing sources for the long-term future. This year we recognise 27 leading project finance lawyers.
Consumer protection remains a priority in Brazil and sources state that there has been an intensification of administrative regulation in recent years. In March 2013 the Brazilian authority for consumer defence published a note relating to state action to be taken in the event of accidents involving products. There is also talk of the powers of the consumer protection bureau being increased, with a bill currently under discussion that could render an administrative decision made by the bureau directly executable in court. In this chapter we select 10 highly regarded practitioners.
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Nominees have been selected based upon comprehensive, independent survey work with both general counsel and private practice lawyers worldwide. Only specialists who have met independent international research criteria are listed.