What is the Best Way to Set Up A Cloud Project?

Baker-Mckenzie-logo-300The Legal Affairs Committee of the European Outsourcing Association France (EOA) published a white paper on Cloud Computing on 9 December, drafted by a working group made up of legal experts from major companies (Orange, Thalès, Suez Environnement and Atosand Steria) and outside consultants under the supervision of Rémy Bricard, founding member of the EOA and Partner at Baker & McKenzie in Information Technology and Communications.

The EOA is an association specializing in sourcing issues (outsourcing in particular) that was founded in 2005. Its mission is to advise corporate heads and operational staff on these issues by informing them specifically about best practices.
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Via Varejo R$2.8 Billion Initial Public Offering

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Davis Polk advised Credit Suisse Securities (USA), Inc., Bradesco Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs & Co, Itaú BBA USA Securities, Inc., J.P. Morgan Securities LLC, Santander Securities Inc. and UBS Securities Inc. as joint bookrunners on the Rule 144A/Regulation S initial public offering of units of Via Varejo S.A. on the São Paulo Stock Exchange. The selling shareholders, Companhia Brasileira de Distribuição S.A., and members of the Klein Family, sold an aggregate of 107,562,595 units for a total of approximately R$2.8 billion ($1.2 billion). Via Varejo’s IPO is the second-largest initial public offering in Brazil in 2013.
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Via Varejo is Brazil’s largest home appliance and furniture retailer with a 26% market share in the retail of specialty household goods, which are distributed through Casas Bahia and Pontofrio stores located throughout Brazil.

The Davis Polk corporate team included Manuel Garciadiaz, Damien G. Scott and Debora A. Ayoub. The tax team included Harry Ballan and Thomas D. Phelan. Inés Velasco was the legal assistant for the transaction. All members of the Davis Polk team are based in the São Paulo and New York offices.

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