Legal Guide for Foreign Investors in Brazil - Apex-Brasil

Legal Guide for Foreign Investors in Brazil
17.3.1. Electric Power Sector Agencies............................................ 137
17.3.2. Electricity Sector Activities and Agents.............................. 138
17.3.3. Electricity Trading: The Pool (Regulated Environment)
and the Free Trade Environment......................................... 139
17.3.4. Planning................................................................................. 141
17.3.5. Unbundling........................................................................... 141
17.4. Conclusion........................................................................................ 141
18. Regulation of Financial Institutions and Leasing in Brazil.......... 143
18.1. Financial Institutions....................................................................... 143
18.2. Principal Financial Institutions....................................................... 143
18.2.1. Public Sector......................................................................... 143
18.2.2. Private Sector........................................................................ 144
18.3. Main Requirements for Financial Institutions in Brazil................ 145
18.4. Minimum Capitalization Standards .............................................. 146
18.5. Foreign Investment in Brazilian Financial Institutions ................ 147
18.6. Leasing.............................................................................................. 147
19. Electronic Commerce............................................................................ 149
19.1. General Aspects................................................................................ 149
19.2. Legal Aspects.................................................................................... 150
19.3. Brazilian Laws on Virtual Transactions ......................................... 152
19.4. Tax Issues Relating to Electronic Commerce ................................ 155
19.5. Intellectual Property ........................................................................ 155
19.6. Domain Names ................................................................................ 156
19.7. Electronic Documents as Evidence.................................................. 157
19.7.1. General Theory of Evidence................................................. 157
19.7.2. Classification of Electronic Documents ............................. 159
19.7.3. Documentary Media ........................................................... 159
19.7.3.1. Types of Evidence................................................... 160
19.7.3.2. Evidence of the Existence of the Document ................160
19.7.3.3. Provenience of Declarations and Electronic Signatures...161
19.7.3.4. Evidence of the Content of the Document.......... 162
19.7.4. Legislative Responses ........................................................... 163
19.7.4.1. Executive Order (MP) 2.200-2 and Other Bills ... 164
19.7.5. Conclusions........................................................................... 165
20. Information Technology....................................................................... 167
20.1. National Information Technology Policy ....................................... 167
20.2. Incentives for Development and Local Production of It Goods
and Services...................................................................................... 168
20.3. Tariff Policy and MERCOSUR ........................................................ 170
20.4. Software Legal Protection .............................................................. 170
20.4.1. Taxes Applicable to Operations Involving Software ......... 171