Reference Form Version 2023 Available
By: André Jerusalmy The Brazilian Securities and Exchange Commission (“CVM”), through the Superintendence of Supervision of Corporate Relations (“SEP”), published Circular Letter CVM/SEP 4/2022, to inform publicly-held and foreign companies about the continuity of the migration process of the registration and reference forms used in the Empresas.Net system to the web platform. From […]
STJ allows deduction of payments to administrators and advisors from IRPJ
On August 16, the 1st Panel of the Superior Court of Justice (STJ) ruled that companies can deduct income tax (IRPJ) from all payments to directors and board members, and not just fixed monthly amounts. According to the STJ, this measure will affect […]
TikTok Generation Exposes International Banks Amid Short-Video Craze
By: Leonardo Neri The last few years have indeed been a break in the routine of global society. The emergence of the pandemic that isolated social and work life lasted so long that not even the biggest pessimists believed it. Almost two years of isolation have generated impacts that need to be adapted to the new lifestyle. During this period, […]
ANPD publishes the Dosimetry Policy and Punitive Application for those who fail to comply with the rules
By: Leonardo Neri On a recent occasion, ANPD, the LGPD regulatory agency, made available the administrative measures that will be taken as punishment for those who fail to comply with the regulations of the General Data Protection Law, as provided for in articles 52 and 53 of said Law. Recently, another significant step towards the credibility of the LGPD took place. […]
Signing of Technical Cooperation Agreement Between CVM and BNDES
By: André Jerusalmy In August, a technical cooperation agreement was signed between the Brazilian Securities and Exchange Commission (“CVM”) and the Brazilian Development Bank (“BNDES”), aiming to stimulate the use of financial innovation and sustainable finance to promote the development of the securities market. It is important to emphasize that the aforementioned […]
The Mazzucco & Mello Advogados law firm stands out in the sports betting market, advising Betmotion on the Compliance program.
Mazzucco & Mello Advogados stands out in the sports betting market, advising Betmotion on the Compliance program regarding the implementation of processes in accordance with the General Data Protection Law (LGPD). Betmotion is one of the largest international sports betting platforms that has consolidated itself within the Brazilian market in recent years.
CVM Updates Resolution 874 on the Regulatory Sandbox
By: André Jerusalmy CVM updates Resolution 874, impacting investment funds that trade crypto assets. On August 16, the Board of the Brazilian Securities and Exchange Commission (“CVM”) followed the Sandbox Committee (“CDS”) and approved the requests to amend CVM Resolution 874 (“Resolution”), to provide that temporary authorizations […]
New Rules for Conducting Public Offerings for the Distribution of Securities
By: André Jerusalmy On July 13, 2022, CVM published resolutions CVM 160, CVM 161, CVM 162 and CVM 163, which bring new rules for public offerings of securities distribution. Below, we will briefly summarize what each of these resolutions changed, as well as their impacts […]
LARGE ELECTRONICS COMPANY SUFFERS BLACKMAIL AFTER HACKERS INVADE ITS SYSTEM
By: Leonardo Neri On June 23, 2022, the well-known electronics chain Fast Shop acknowledged through its official Twitter account that it had suffered a cybercriminal invasion of its system. Given this situation, it became necessary, as a preventive measure, to temporarily take its website and application offline. This unavailability ended up generating […]
After confirmation from INFRAERO, Brazil will have the first route with facial biometric boarding in the world
By: Leonardo Neri Infraero has publicly announced that the first air route in the world to receive facial biometric boarding will be in Brazil, more precisely on the Rio-SP route. The Facial Biometric System Operation was inaugurated on Tuesday, the 9th, witnessed by Marcelo Sampaio, Minister of Infrastructure, by Brigadier Hélio Paes de Barros Junior, president of Infraero; Gileno […]