Exhibit 5.1
[LETTERHEAD OF BASCH & RAMEH]
Re: Tevecap S.A.
US$250,000,000 12 5/8% Senior Notes due 2004
Exchange Offer
Dear Sirs:
We have acted as Brazilian counsel for (i) Tevecap S.A. (the "Company"), a
sociedade anonima (corporation) organized and existing under the laws of the
Federative Republic of Brazil ("Brazil"), and (ii) TVA Sistema de Televisao S.A.
("TVA Sistema"), Galaxy Brasil S.A. ("Galaxy Brasil"), TVA Sul Participacoes
S.A. ("TVA Sul"), Commercial Cabo TV Sao Paulo Ltda. ("CCTV"), TVA Parana Ltda.
("TVA Parana), TVA Alpha Cabo Ltda. ("TVA Alpha"), CCS Camboriu Cable Systems de
Telecommunicacoes Ltda. ("CCS Camboriu"), TCC TVA Cabo Ltda. ("TCC"), TVA Sul
Santa Catarina Ltda. ("TVA Sul Santa Catarina"), TVA Foz do Iguacu Ltda. ("TVA
Foz do Iguacu" and together with TVA Sistema, Galaxy Brasil, TVA Sul, CCTV, TVA
Parana, TVA Alpha, CCS Camboriu, TCC and TVA Sul Santa Catarina, the "Brazilian
Guarantors") in connection with the filing by the Company and the Subsidiary
Guarantors with the Securities and Exchange Commission (the "Commission") of a
registration statement (the "Registration Statement") on Form F-4 under the
Securities Act of 1933, as amended, relating to the proposed issuance, in
exchange for US$250,000,000 aggregate principal amount of the Company's 12 5/8%
Senior Notes due 2004 (the "Old Notes"), together with the Subsidiary Guarantees
of the Old Notes (such Subsidiary Guarantees, together with the Old Notes, the
"Old Securities") of US$250,000,000 aggregate principal amount of the Company's
12 5/8% Senior Notes due 2004 (the "Exchange Notes") together with the
Subsidiary Guarantees of the Exchange Notes (such Subsidiary Guarantees,
together with the Exchange Notes, the "Exchange Securities"). The Exchange
Securities are to be issued pursuant to an indenture dated as of November 26,
1996, as amended and supplemented to date (the "Indenture"), among the Company,
the Subsidiary Guarantors, The Chase Manhattan Bank, N.A., as trustee (the
"Trustee") and Chase Trust Bank, as principal paying agent (the "Principal
Paying Agent"). Capitalized terms used herein and not otherwise defined therein
have the meanings ascribed thereto in the Indenture.
In that connection, we have examined originals, or copies certified or
otherwise identified to our satisfaction, of such documents, corporate records
and other instruments as we have deemed necessary or appropriate for purposes of
this opinion, including the Indenture, the forms of the Exchange Securities, the
Registration Statement, the Articles of Incorporation and the Estatuto Social
(By-laws) or the Contrato Social (Charter), as the case may be, of the Company
and of each of the Brazilian Guarantors.
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In making our examination and in giving the opinions set forth below, we
have assumed, without independent verification of any kind, the following:
(i) the genuineness of all signatures on all documents we have reviewed;
(ii) the authenticity of all such documents submitted to us as originals;
(iii) the conformity of the originals of all documents submitted to us as
certified or photostatic copies; and
(iv) the due authority of the parties (other than the Company and the
Brazilian Guarantors) executing and authenticating such documents.
The opinions expressed below relate solely to the laws of Brazil as
currently in effect and we have made no investigation of and express no opinion
in relation to the laws of any jurisdiction other than those of Brazil. In
expressing the opinion as to the enforceability of the Subsidiary Guarantees
below, we have assumed the due authorization, execution and delivery thereof by
the Trustee, the Principal Paying Agent and the Subsidiary Guarantors that are
not incorporated under the laws of Brazil.
Based upon the foregoing, we are of the opinion that:
(1) Each of the Company and the Brazilian Guarantors is a sociedade
anonima or a sociedade por quotas de responsabilidade limitada, as the case may
be, duly organized and validly existing under the laws of Brazil;
(2) All necessary corporate action has been taken by the Company and the
Brazilian Guarantors to authorize the execution and delivery of the Indenture;
(3) The Indenture has been duly executed and delivered by the Company and
the Brazilian Guarantors;
(4) All necessary corporate action has been taken by the Company to
authorize the issuance, execution and delivery of the Exchange Securities; and
(5) Each of the Subsidiary Guarantees provided by the Brazilian
Guarantors, upon the execution of the Subsidiary Guarantees endorsed thereon in
accordance with the provisions of the Indenture and when the Exchange Notes with
such Subsidiary Guarantees endorsed thereon are delivered in exchange for the
Old Notes pursuant to the Exchange and Registration Rights Agreement, will
constitute a valid and binding obligation of the respective Brazilian Guarantor
enforceable against such Brazilian Guarantor in accordance with its terms
(subject in each case to applicable bankruptcy, insolvency, reorganization,
moratorium, fraudulent transfer and other similar laws affecting creditors'
rights generally from time to time in effect); and the Exchange Notes, when duly
issued and authenticated in accordance with the provisions of the Indenture
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and delivered in exchange for the Old Notes pursuant to the Exchange and
Registration Rights Agreement, will constitute valid and binding obligations of
the Company and the Brazilian Guarantors enforceable against the Company and the
Brazilian Guarantors in accordance with their terms (subject in each case to
applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent
transfer and other similar laws affecting creditors' rights generally from time
to time in effect).
We hereby consent to the filing of this opinion as part of the
Registration Statement and to the use of our name therein and in the related
Prospectus under the captions "Enforceability of Civil Liabilities," "Risk
Factors" and "Legal Matters".
Very truly yours,
BASCH & RAMEH
By:______________________________
Tevecap, S.A.
TVA Sistema de Televisao S.A.
Galaxy Brasil S.A.
TVA Sul Participacoes S.A.
Commercial Cabo TV Sao Paulo Ltda.
TVA Parana Ltda.
TVA Alpha Cabo Ltda.
CCS Camboriu Cable Systems de Telecommunicacoes Ltda.
TCC TVA Cabo Ltda.
TVA Sul Santa Catarina Ltda.
TVA Foz do Iguacu Ltda.
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