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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...

Corporate • Dispute Resolution|

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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...

Corporate|

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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...

Contracts • Corporate • Dispute Resolution|

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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...

Corporate|

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Agents Targeted for Money Laundering and the Financing of Terrorism

On 9 May 2018, the Brazilian Council of Control of Financial Activities (known as “COAF”) issued a new resolution (Resolution COAF 30/2018) targeting persons who act in the...

Contracts • Corporate • Intellectual Property • Tax and Customs|

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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...

Corporate • Tax and Customs|

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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...

Contracts • Corporate|

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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...

Corporate|

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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...

Corporate|

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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...

Corporate|

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