Mattos Filho and Veirano act on renegotiation of JV with Bradesco Group
Mattos Filho Advogados advised C&A on the renegotiation of the financial services joint venture with Grupo Bradesco, represented by Veirano Advogados
Mattos Filho advised C&A on the renegotiation of its financial services joint venture with Grupo Bradesco, represented by Veirano Advogados. Through the renegotiation, C&A bought back the right to offer financial services and products to its clients, which were exclusive to Grupo Bradesco, in order to launch its own payment solution C&A Pay.
The value of the transaction was R$415 million.
As of December 2021, there will be a 2-year transition period, when both solutions (C&A Cards and other products, and C&A Pay) will coexist according to specific rules agreed upon by the parties and specified in the amendment to the partnership agreement.
Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados represented C&A Modas Ltda. and included partners Marcelo G. Ricupero (pictured left),Thiago Luís Sombra, lawyer Maíra Schweling Scala Pfaltzgraff and associates Joana Pimentel Gomes Reimão, Maria Clara Vargas Vieira Astrachan, João Vicente Pereira de Assis and Luis Vergueiro.
Banco Bradesco S.A., Banco Bradescard S.A. was represented by Veirano Advogados with partners Alberto de Orleans e Bragança (pictured center) and Vitor Rozenthal (pictured right) and associate Pedro Salgueiro Figueiredo
