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.
Please see full article below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.