Decree Of 11 November 2009

Original Language Title: Decreto de 11 de novembro de 2009

Read the untranslated law here: https://www.global-regulation.com/law/brazil/2895103/decreto--de-11-de-novembro-de-2009.html

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Get a Day Pass for only USD$19.99.
DECREE of 11 NOVEMBER 2009.
Recognizes as of interest to the Brazilian Government to foreign participation in the capital of a financial institution to be formed by Accion Gateway Fund LLC, limited liability company based in the United States.
The PRESIDENT of the REPUBLIC, in the use of the role that gives the art. 84, section IV, of the Constitution, and in view of the provisions of art. 52, sole paragraph, of the Act of the Transitional constitutional provisions, DECREES: Art. 1 it is in the interest of the Brazilian Government to foreign participation, up to 99%, capital of a financial institution to be formed by Accion Gateway Fund LLC, limited liability company based in the United States.
Art. 2 the Central Bank of Brazil will adopt the measures necessary for the implementation of the provisions of this Decree.
Art. 3 this Decree shall enter into force on the date of its publication.
Brasília, 11 November 2009; 188 of independence and 121 of the Republic.
LUIZ INACIO LULA DA SILVA Henrique de Campos Meirelles Guido Mantega