Source: www.alsb.org
Topic: Business Law
Sort Desciption: ACADEMY OF LEGAL STUDIES IN BUSINESS. International Business Law Journal. BRAZIL IN A NUTSHELL. An Introduction for U.S. Businesses and Attorneys ...
Content Inside: ALSB: International Business Law Journal 2002 74 ACADEMY OF LEGAL STUDIES IN BUSINESS International Business Law Journal BRAZIL IN A NUTSHELL An Introduction for U.S. Businesses and Attorneys by Scott T. Fenstermaker 1 Copyright 2002 by Scott T. Fenstermaker 2 Cite as 2 ALSB I NT ’ L B US . L.J. 74 I. Introduction This paper outlines my perspective of some aspects of Brazil that are of practical importance to U.S. businesses. That perspective is that of a U.S. attorney who off and on for twenty-five years has handled the legal aspects of business transactions involving Brazil. Three of those twenty-five years were spent in So Paulo Brazil where I worked as Legal Affairs Manager for Ford Brasil S.A. This paper first looks at why U.S. businesses should be interested in doing business with or in Brazil. It then outlines some historical geographic economic human and legal aspects of the country and looks at their implications for U.S. businesses. It ends with a brief look at four potential pitfalls for U.S. businesses structuring Brazilian deals. As the paper’s title indicates it is far from a comprehensive treatment of the subject and it does not discuss the substance of Brazilian law. For readers interested in a summary of Brazilian law a paper entitled Legal Aspects of Doing Business in Brazil is available at the website of Demarest e Almeida: http://www.demarest.com.br/us/index.htm II. Why Brazil? Here are some reasons for considering doing business with or in Brazil: • Brazil is the largest economy in Latin America. • Brazil is the 8 th largest economy in the world. • Brazil has very few restrictions on foreign investment. • After years with a protectionist economy Brazil is in the process of becoming much more open to foreign competition. 1 The author a U.S. lawyer who lived in Sao Paulo Brazil for three years while serving as Ford Brazil’s Legal Affairs Manager. He has now retired ...
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