Brazil and Monaco links celebrated

AMBI et le MEB, Monte-Carlo Bay
AMBI and MEB at Monte-Carlo Bay

The Association Monaco Brazil Invest (AMBI) has celebrated its first two years, at Monte Carlo Bay, and announced new initiatives.

AMBI was launched by its founders – Marcos Pileggi (President of AMBI Monaco and Vice-President of AMBI Brazil), Arnoldo Wald Filho (President of AMBI Brazil and Vice-President of AMBI Monaco), Luciana de Montigny (Secretary General of AMBI ) and André de Montigny (Honorary Chairman of AMBI in Monaco and Brazil) – to promote commercial, financial and economic cooperation between Monaco and Brazil.

Totally independent, private, non-governmental and not-for-profit, AMBI received the support of the Government of Monaco in 2015 to create the new organisation, mainly financed by the contributions of its members. On the strength of its bilateral status, these countries benefit de facto from a simultaneous affiliation in both countries. To strengthen this international dimension, an economic cooperation agreement aimed at optimising and pooling the assets of the Monaco Economic Board and AMBI was signed in March 2016.

Justin Highman, Director of Monaco Invest, a department of the MEB dedicated to investor prospecting, made a presentation of the incontestable assets of the Principality to Brazilian entrepreneurs. After this reminder of the advantages of the partnership between Monaco and Brazil, AMBI wanted to share with its members and friends the vision of experts on computer data, its protection, its regulation and the opportunities this offers.

Me Richard Mullot, lawyer advocate and former President of the Bar Association of Monaco, presented the “Evolution of law and regulation in Monaco regarding the protection of corporate data”. And Dr Renato Opice Blum, a professor of digital law at Insper, developed the subject of “Cloud and its activity in Monaco: trends and opportunities in a data protection framework”.

After a difficult year for Brazil, Marcos Pileggi recalled the importance of continuing to favour the rapprochement between the South American giant and the Principality. “More than ever, we must act as a facilitator in trade and investment,” he said.

As for the Principality, recognised as one of the safest places in the world, the President of AMBI underlined the tremendous opportunity now within its reach to become one of the most secure places in the world in the field of the protection of computer data, a subject that will be resolutely at the heart of AMBI concerns in the months to come.



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