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Covid-19: Emergency Credit Lines for SMEs

The Brazilian government has announced a new credit line worth R$4 billion to provide funding for the payroll at small and medium-sized enterprises as a way to assist them to...

The New Brazilian Franchising Law

Quick Read: On 27 December 2019, the new Brazilian Franchising Law (“BFL”) was officially published. This Law replaces in full the previous Franchising Law. The BFL is more...

Brazil’s Economic Freedom Law

On 21 September 2019, Law 13,874/2019 came into force. Nicknamed the Economic Freedom Law, it marks a major move towards greater economic freedom and a more...

Cost Contribution Agreements in Brazil

Note that on 29 November 2022 major changes have been introduced to cost contribution agreements (see here). Key points: What is a cost contribution agreement? A cost contribution...

Translation of Declaration of Rights of Economic Freedom

Below in italics is my translation of Chapter II of Law 13,874/2019, together with links. This Law marks a major shift in the way business law is to be interpreted in Brazil, so...

Faster Registrations of Companies

On 14 March 2019, Provisional Measure 876/2019 was published. The Provisional Measure substantially improves the speed with which certain businesses and corporate documents can be...

Changes to the Civil Code: Easier Removal of Directors (Administradores) and Minority Shareholders

Law 13,792/2019 (gazetted on 3 January 2019) was one of the first Bills signed into Law by President Bolsonaro. The Law amends the Civil Code. Now if a director (administrador) of...

Brazilian Data Protection Agency is Created

One of Michel Temer’s last acts as Brazil’s President was to set up the much-anticipated National Data Protection Agency. Provisional Measure 869/2018 was published on 28...

TST: Signing Bonus is Salary

Brazil’s Superior Employment Court (Tribunal Superior do Trabalho or “TST”) has recently issued its final decision addressing whether an employee’s signing bonus...

Less Corporate Requisitions = Quicker Turnarounds

Quick Read: Corporate registrations will be faster, as requisitions will be standardised and more limited. Powers of officers at Companies Registries have been reduced. This is...