Our partner, Alexei Vivan, was featured in a BNamericas article about the privatization of Eletrobras in Brazil.
In the publication from May 9th, Vivan suggests that it is unlikely for the Brazilian Supreme Court to invalidate the voting restriction on shareholders who hold more than 10% of Eletrobras’ voting capital. He argues that legal certainty must be preserved, and that the government’s action may violate good faith and contractual loyalty.
Eletrobras stated that it will evaluate the necessary measures to maintain a reliable investment environment in the country and legal certainty for shareholders.
Read the full article at the link.