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Velloza Velloza in the press

New rule encourages foreign investment in Brazil’s capital markets

Latin Lawyer Friday, 10 October 2014 Lulu Rumsey Changes in rules guiding foreign portfolio investment in the Brazilian market are expected to improve local companies’ access to international funding sources and boost cross-border financing.   Resolution No. 4,373, which was passed by Brazil’s National Monetary Council last week, will apply to portfolio investments by non-residents […]

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Velloza Velloza in the press

Foreign bank derivatives profits are business profits under double tax treaty

Fonte: IFRL Data: 8 May 2012 By Fernanda Calazans and Leonardo Andrade Velloza & Girotto Advogados Banks are a significant presence among non-resident investors in the Brazilian financial and capital markets under National Monetary Council Resolution 2,689/2000. Many of them trade in local over-the-counter (OTC) derivatives and, likewise non-bank investors, income made thereunder is subject […]

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