Mattos Filho in the media

Since last year, as the Brazilian stock market has faced a downward trend, the number of public tender offers has been rising. This year alone, nine buyout offers have already been registered with Brazil’s Securities and Exchange Commission (CVM), with the trend pointing upward. Experts say changes to tender offer rules, which have made these transactions easier to execute, are likely to drive even greater activity.

Click here and read the article on Valor Econômico International.

Lawyers in Brazil, Europe and the United States are split on whether the DOJ should have opened an investigation into a contract that Swedish defence company Saab struck with the Brazilian government, years after prosecutors in Brazil and Sweden decided against taking any action.

Click here and read the article on Global Investigations Review.

With pro bono practices now commonplace in many Latin American law firms, what are the next steps for institutionalised practices?
Institutionalised pro bono practices are well-rooted in the US legal market and it is already an established strategy among US firms to have full-time pro bono lawyers. Cleary Gottlieb Steen & Hamilton LLP, for example, has five dedicated attorneys, including four in the US and one in London. Similarly, Hogan Lovells has employed staff to focus entirely on pro bono matters for more than 50 years in the US.

Click here and read the article on Latin Lawyer.

Brazil, the world’s 10th largest economy,sent a powerful signal to global policymakers on Wednesday by managing tosubmit its revised nationally determined contribution (NDC) on the same day asthe upper house of the country’s National Congress adopted a landmark carbonmarket bill.
Late Wednesday, Brazil’s Senate finally approved a bill to create an emissionstrading scheme (ETS) in the country after more than a year of heatednegotiations and two late amendments.

Click here and read the article on Quantum Commodity Intelligence.

Due to uncertain market conditions and reduced investment appetite, private equity exits have become less frequent in Latin America. As a result, lawyers must increasingly be equipped to help private equity funds prepare to sell up at any stage of the investment cycle, explained panellists at Latin Lawyer’s Private Equity event earlier this month.

Click here and read the article on Latin Lawyer.

Mergers and acquisitions activity in Latin America and the Caribbean has been sluggish this year, but a rebound is expected in the fourth quarter, led by more cross-border deals, experts say.
“I’m cautiously optimistic,” says Pedro Whitaker de Souza Dias, a managing partner of M&A at Mattos Filho, a law firm in São Paulo. “I think it is going to be a bit better during the last four months of the year, but again, moderately.”

Click here and read the article on Latin Finance.

Lack of incentives for companies to self-disclose violations to Brazilian authorities – paired with an unsettled corporate sentiment toward local anti-corruption enforcement – means that law firms play a critical role advising organisations on their compliance programmes, said panellists at yesterday’s anti-corruption and investigations conference in São Paulo.

Click here and read the article on Latin Lawyer.

The results for this year’s LACCA Thought Leaders are in. We take a look at which private practice lawyers have been voted as the very best in their field by Latin America’s in-house community.
The Latin American Corporate Counsel Association (LACCA) has launched the latest edition of Thought Leaders – a year-long research project that brings together the insight, expertise and mastery of some of the region’s best lawyers in a single publication.

Click here and read the article on Latin Lawyer.

The recent delisting of insurance broker Alper by U.S. private equity group Warburg Pincus marked a significant milestone for this industry, drawing close attention from market players. This was the first transaction involving the acquisition of control of a publicly-traded company on Brazil’s B3 exchange by a private equity fund in nearly 15 years, leading to its delisting. The last such buyout took place in 2010, when Apax acquired control of IT company Tivit and took it private.

Click here and read the article on Valor Econômico International.

Following the news that Moove has been forced to postpone its debut on the New York Stock Exchange (NYSE), BMA Advogados partner Felipe Prado and Mattos Filho partner Jean Marcel Arakawa explain whether Brazilian IPO optimism has also been put on hold.
Cosan, Moove’s parent company, delayed the operation indefinitely after investors expressed concerns about Brazil’s fiscal health and macroeconomic stability, which have been under scrutiny due to governmental debt and public expenditure issues.

Click here and read the article on Latin Lawyer.