Brazilian Resident Investor Status Program (Gringoes) By the Bionexus Legal Team A law was passed on October 6th, 2004 in Brazil whereby the fee for obtaining a permanent residency was lowered from $200,000 to only $50,000 USD. A Brazilian company must be formed and the bank account of that Brazilian company must be registered with the Central Bank of Brazil.
Best Affirms New Castle Re Ratings (Insurance Journal) A.M. Best Co. has affirmed the financial strength rating (FSR) of "A-" (Excellent) and the issuer credit rating (ICR) of "a-" of Bermuda-based New Castle Reinsurance Company Ltd., and assigned an IC
Thought policing (The Lawyer) The Court of Appeal's decisions in Aerotel and Macrossan go some way to clarifying patent law and signal the UK's intention to concur with a European standard.