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good morning and welcome to the brazilian american chamber of commerces webinar on the legal framework for water and sanitation services in brazil first and foremost we wish you and your familys health and safety in this difficult time thank you all for joining us and thank michelle de meyer for sponsoring this timely event recently the brazilian congress passed a new sanitation and sewage reform today our panelists will discuss the impact of the new legal framework for water and sewage services including possible removal of obstacles for privatization of state-owned water companies such as sabasp sedai and others options for full or partial privatization incentives for private and foreign investment incentives for more projects and investments and the possibility of of achieving universalization our moderator today is jose virgil lopez a partner with masha mashadhu mayer and who co-heads the practice with joseph he is a leading lawyer in project finance m a and ppps in regulated sec