STJ defines the Market Value of the Property as the Calculation Basis for ITBI
By: Vitor Antony Ferrari, Ivan Kubala In real estate transactions, notably in the transfer of real estate, whether free of charge or for a fee, the incidence of tax (ITCMD and ITBI, for example) is a very recurrent subject and has always generated debates in the administrative and judicial spheres, as the respective municipal and state legislation does not exhaust all […]
Sale of Assets in Judicial Recovery
By: Vitor Antony Ferrari, Ivan Kubala The Bankruptcy and Judicial Recovery Law lists an exemplary list of means that companies can use in their recovery plan and to preserve their activities, among which the sale of assets stands out. However, there are some rules that must be observed by companies in […]
Hacker Invades Judicial System to Change the Result of His Sentence
By: Leonardo Neri On the 11th, the Federal Court website experienced a rare turbulence, the invasion of its digital system by a hacker, whose purpose was to change the criminal sentence that had convicted him. It is important to emphasize that the virtual action carried out by the intruder caused even more damage to himself, since […]
New BCB Resolution Allows Sharing of Rural Producer Data
By: André Jerusalmy In March, the Central Bank (“BCB”) published a new resolution that will allow data sharing in rural credit operations, with the consent of the holder. This new option will be operated directly by the BCB’s Rural Credit Operations Registration System (“Sicor”). Sicor records operations between beneficiaries of […]
The unjustified increase in prices due to war is an abusive practice
By: Leonardo Neri One of the analyses we have been developing is about consumer rights in the face of the uncontrolled inflation we are being subjected to, not only in Brazil, but worldwide. Obviously, the pandemic and the Ukraine/Russia war play an important role in this situation, but I also think it is important to note that it is not just […]
Financial Group is fined for repeated telemarketing calls
By: Leonardo Neri Banco BMG was sentenced by the Court of Justice of the State of São Paulo to pay a millionaire amount of R$6.6 million for having caused inconvenience through telemarketing to people who had refused to receive calls through this communication channel. The Court understood that there was negligence on the part of the Bank with […]
CVM Ratifies the Common Market Council of Mercosur Decision Regarding Accounting Standards
By: André Jerusalmy On March 22 and 23, 2021, the Brazilian Securities and Exchange Commission (CVM) issued Resolutions No. 68 and 69. Resolution 68 deals with the replacement of CVM Resolution 659, ratifying the incorporation of Decision 31/10 of the Common Market Council of Mercosur, while Resolution […]
Reduction of the Minimum Percentage of Shareholding Required to Exercise Certain Rights
By: André Jerusalmy On March 22, 2022, CVM Resolution 70 was issued, which established the scale for reducing the minimum percentage of shareholding required to exercise rights provided for in Law No. 6,404/76 (Corporations Law), repealing CVM Instructions No. 165, of December 11, […]
BCB Publishes New Prudential Rules for Payment Institutions
By: André Jerusalmy The Central Bank of Brazil (BCB) has published new prudential rules applicable to payment institutions (“IP”), based on public consultation number 78, made available in November 2021. Just like the latest news brought by the BC, this one is no different and aims at the same principles: agility, efficiency, competitiveness and bureaucratic unblocking. […]
Payment method that has won over Brazilians in recent years suffers from data leak
By: Leonardo Neri The instant payment PIX has gained bank customers almost automatically, since unlike TED and DOC, which have costs to carry out their operations. However, PIX, according to the Central Bank, has registered information leaks from the system at least 3 times in recent months, which […]