Partner Celso Contin, from the Banking & Finance area, speaks to Valor International about the enactment of the law that created infrastructure bonds and changed the rules for tax-exempt bonds without any new operations under the new rules. This resulted in legal uncertainty regarding how to structure operations and the freezing of projects by companies and law firms.
Celso explains that R$1 billion in operations are awaiting the regulations at the firm, especially from energy, transportation, and sanitation companies, and points out that everyone loses because companies wait to invest and stop generating jobs, revenue, and paying taxes.
The full article is available here.
