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Article: The new oil and gas industry in Brazil: An overview of the main legal aspects
- Article from:
- Texas International Law Journal
- Article date:
- January 1, 2001
- Author:
CopyrightCopyright University of Texas, Austin, School of Law Publications, Inc. Winter 2001. Provided by ProQuest LLC. (Hide copyright information)
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I. INTRODUCTION
The challenges of the 1990s were faced by the Brazilian economy with a drive towards decreasing the share of the state's participation. The large privatization program initiated in the early 1990s set forth the basis and was strengthened with the approval of the so-called Concessions Law in 1995.1 This law, on which we shall comment further in this article, allowed a framework to attract foreign and national private capital to big projects of electric generation, telecommunication, transportation, and other projects, which were formerly under state control. In a way, this process may be viewed as a revival of the concession already encountered in Brazilian law in earlier ...
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