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Improvements to Brazilian Central Bank Rules on International Capital Flows

On 9 March 2017 the Central Bank of Brazil (“BACEN”) published Circular DC/BACEN 3,883/2018. This regulation amends two key BACEN regulations: Circular 3,689/2013 (which...

Further Changes to Employment Laws

On 14 November 2017 Provisional Measure 808/2017 (“PM 808/2017”) was published introducing additional changes to the recently passed employment law reform (“Law...

Brazil takes further steps towards meeting OECD requirements

On 10 November 2017, Brazil’s Chamber of Foreign Trade (Câmera de Comércio Exterior, known as “CAMEX”) passed a new resolution (Resolution 88/2017) regarding a new...

Initial Coin Offerings in Brazil: CVM Issues Guidance

Initial Coin Offerings in Brazil – CVM Issues Guidance On 11 October 2017, the Brazilian Securities Commission (Comissão de Valores Mobiliários, “CVM”) issued a note...

New Rules for Registration of FDI

The Brazilian Central Bank’s Resolution 4,533/2016 has brought about changes to the registration of foreign investment in Brazil. Now the individual or legal entity registering...

Greater Scrutiny by Customs over Illicit Funds

The Brazilian Federal Revenue Department (Receita Federal do Brasil, “RFB”) Normative Ruling 1,678/2016 (“NR 1,678/2016”) sets out the rules for inspection,...