Improved sanitation regulations attracting foreign investors - attorney

Thursday, September 1, 2011

Improved sector regulations are attracting foreign companies, especially from Europe, to invest in Brazil's basic sanitation service industry, according to José Roberto Martins, a partner at the Trench, Rossi and Watanabe law firm.

French groups Suez and Veolia Water entered the market in the 1990s but soon lost interest due to a lack of regulations, Martins was reported as saying by Brasil Econômico.

The renewed interest of foreign firms is due to changes arising from the approval of Brazil's 2007 sanitation law, according to the attorney, who stressed that most companies will still need to partner up with Brazilian construction firms.

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"We have great engineering capacity in Brazil," Martins was quoted as saying.

Established in 1959, Trench, Rossi and Watanabe represents both Brazilian and international clients. It is associated with Baker & McKenzie international law firm based in Chicago.