BEST INFRASTRUCTURE LAW FIRM: BRAZIL

BEST INFRASTRUCTURE LAW FIRM: BRAZIL

  Following the chilling effect that the Lava Jato corruption scandal has had on project finance in Brazil, the market has shown signs that it is heading in the right direction. Machado Meyer, drawing on 20 years of experience, is guiding both borrowers and lenders through a changing market, making it the winner of the award for Best Infrastructure Law Firm: Brazil. After the national development bank BNDES, eager to increase the role of private financing in infrastructure projects, replaced the subsidized TJLP long-term corporate lending rate with the market-based TLP rate at the beginning of the year, two developers – Centrais Elétricas de Sergipe (Celse) and Entrevias – decided to forgo B

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