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IP litigation in Brazil - Another major step forward

Brazilian judge overturns injunction blocking meeting ahead of Eletrobras privatization

A Brazilian judge on Monday overturned an injunction that was blocking Eletrobras from holding a meeting at its subsidiary Furnas, seen as key to the state-run power company's privatization, according to a decision seen by Reuters. At the meeting, which was originally scheduled for Monday morning, debenture holders of Furnas are set to vote on a waiver for Furnas to make an additional investment in its Santo Antonio hydropower plant.

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