The Games Act - Brazilian Lower House of Congress Approves New Regulation

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On June 15, 2011, the lower house of the Brazilian Congress approved a new regulation (the “Games Act”) to expedite the implementation of infrastructure projects and facilitate bidding processes for work related to the Confederations Cup (2013), the World Cup (2014) and the Olympics and Paralympics (2016). Although, the Games Act still needs to be approved by the Federal Senate of Brazil to come into force, this action does show a new willingness by Brazil to consider ways of facilitating investments to the country.

This regulation may set the tone for all new infrastructure investments in the country and introduces a special public procurement regime to oversee the events listed above, creating mechanisms through which a company will be responsible for basic and executive engineering and construction projects as well as for implementing an electronic tender process, including for infrastructure projects.

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Published In: Administrative Agency Updates, Art, Entertainment & Sports Updates, Construction Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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