Venture capital investment relies strongly on the quality of rights of minority shareholders of the target company and the quality of corporate governance standards as a whole. The easier the enforceability of shareholders' rights, the more transparent the management of the company will be and the friendlier the environment for private equity investments. Augusto Cesar Barbosa de Souza of Vieira, Rezende, Barbosa e Guerreiro examine how far Brazil has developed laws to encourage foreign investment.
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