New Rules on Brazilian FIPs: A Welcome Sign to Investors
While Brazil’s legal and regulatory environment remains complex and comprehensive reforms still seem to belong to the future, significant progress may come from apparently small changes, which may contribute to a more “market friendly” environment. The new regulation adopted by the Brazilian Securities and Exchange Commission with respect to FIPs (Fundos de Investimentos em Participações, Brazil’s version of private equity funds) appears to be one of those changes and moves the country one step closer to a regulatory framework more familiar to international private equity investors. FIPs are now allowed to invest in a broader class of assets (including assets located outside Brazil), General Partners will have more discretion to make capital calls and bring additional investors to the fund, and restrictions regarding governance rights have been eliminated. On the flip side, FIPs will have to comply with higher reporting standards and new mark-to-market requirements may have significant tax implications.
Please join us as we bring to our breakfast roundtable and a select group of leading practitioners from the legal and private equity industries in Brazil and the U.S., to discuss the new FIP rules and the expected impact such new regulation will have for international investors interested in the Brazilian market.
Speakers:
Jonathan Adler
Partner
Partner
Debevoise & Plimpton LLP
https://www.britishcouncil.org.br/sites/default/files/guide_brazilian_highered_courses_inenglish.pdf
Duduka Da Fonseca and Helio Alves featuring Maucha Adnet
Samba Jazz and the Music of Jobim
Thu Dec 15, 7:30pm
With saxophonist/clarinetist Anat Cohen, vocalist Maucha Adnet, guitarist Vic Juris, acoustic bassist Hans Glawischnig, pianist Helio Alves, and drummer/percussionist Duduka Da Fonseca
Tonight’s showcase of samba jazz features an outstanding small group of musicians, several of whom worked closely with the iconic Antonio Carlos Jobim. The group, featuring Duduka da Fonseca (of Trio da Paz), Helio Alves, and vocalist Maucha Adnet – each a native of Brazil – shares an expertise in this music, and each member is internationally recognized for expanding the worlds of jazz and Latin music. Come enjoy the music of Jobim performed by those who know it best.
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