Restructuring Group Annual Cocktail Reception
In May of this year, our partner Antonio Mazzuco attended the Restructuring Group Annual Cocktail Reception, held by Kirkland & Ellis. An event bringing together leading professionals in the Restructuring area in New York.
Understand in 9 points how the Americanas fraud scheme worked
Americanas, a classic accounting fraud scheme Last Tuesday, Americanas admitted that the former board of directors carried out a series of frauds to hide the company’s real situation. Leonardo Pereira, the new president, stated that the total value of the fraud was R$20 billion, simulating an artificial profit to pay bonuses to the board of directors, dividends […]
Do you know how to dress in the workplace?
Rafael Mello, partner at Mazzucco & Mello Advogados, explains that companies have the right to establish dress codes that are in line with the organization’s culture. “If an employee does not comply, they may receive a warning and, if they do so again, they may be fired,” he says in an interview with Folha de S.Paulo. The report also highlights […]
Superior Court of Justice precedent on conviction in data leak.
By: Leonardo Neri A recent decision issued by the Superior Court of Justice (“STJ”), through the Rapporteur Minister Francisco Falcão, and the other members of the Second Panel of the STJ, during the trial of the Appeal in Special Appeal No. 2,130,619-SP (2022/0152262-2), brought a lot of movement to the legal world, and a great victory to administrative cases, given the use of […]
Light: from precautionary request to Judicial Recovery.
By: Vitor Ferrari, Ivan Kubala and Nicoly Crepaldi After a series of deficit financial statements and suffering from theft of electricity, Light SA, the holding company that manages Grupo Light, and its concessionaires requested, based on law 13.140/2015, the Mediation Law, before the Court of Rio de Janeiro, the granting of Precautionary Remedy in […]
Tax Reform: Working Group on the National Tax System releases report on PEC 45
Yesterday afternoon (06/06/2023), the report of the Working Group on the National Tax System of the Chamber of Deputies (“Group”) was released. Led by Federal Deputy Aguinaldo Ribeiro, the Group held a series of public hearings, technical analyses and meetings with tax authorities and entities representing various sectors over the past few months. As […]
Non-attachability of property transferred in trust
By: Vitor Ferrari and Ivan Kubala. After a unanimous decision, the 3rd Panel of the Superior Court of Justice ruled that a property given as a fiduciary guarantee cannot be seized, the seizure of which was requested in an action to enforce condominium expenses that were the responsibility of the fiduciary debtor. In other words, according to the Court’s understanding, the property given as a fiduciary guarantee […]
Rio de Janeiro court accepts Petrópolis Group's request for judicial recovery
By: Vitor Ferrari and Ivan Kubala On March 27, 2023, Grupo Petrópolis, a brewery that produces brands such as Itaipava and Petra, filed a judicial request for judicial recovery, with immediate granting of a request for incidental precautionary relief in order to prevent the dilapidation of its cash flow due to the large liabilities […]
EDITION OF CVM RESOLUTIONS 182 AND 183 BRING NEW RULES ON THE ISSUANCE AND OFFER OF BDRS - Changes expand the possibilities for foreign issuers to have access to BDR certificates
By: Moema Giovanella On May 11, 2023, the Brazilian Securities and Exchange Commission (CVM) issued (i) CVM Resolution 182, which amends the rules for issuing Brazilian Depositary Receipts (BDR); and (ii) CVM Resolution 183, which amended CVM resolutions 80 and 160. These rules deal with the registration of issuers of securities […]
The Supreme Federal Court confirms Brazil's withdrawal from ILO Convention 158 and validates the possibility of dismissal without cause.
By: Rafael Mello and Israel Cruz In a historic decision, the Brazilian Supreme Court (STF) validated Brazil’s withdrawal from Convention 158 of the International Labor Organization (ILO). The decision was made in a trial that lasted 26 years, marked by several requests for review. ILO Convention 158, of which […]