São Paulo subway becomes target of legal action over use of users' images

By: Leonardo Neri On March 3, 2022, a public civil action was filed against the São Paulo Metro, which aims to prohibit the collection and registration of users’ faces without consent. Currently, around 4 million faces have been registered daily without the authorization of data subjects. The transportation company […]

List of Countries at Risk to the Financial System

By: André Jerusalmy The CVM (Brazilian Securities and Exchange Commission) released at the beginning of November the CVM Report 04/21: GAFI/FATF Communication, which provides for the Financial Action Task Force against Money Laundering and the Financing of Terrorism (informal international grouping), in which the autarchy deals with the countries and jurisdictions that must be monitored in a […]

CVM presents results of actions developed in partnership with B3

By: André Jerusalmy The Brazilian Securities and Exchange Commission (“CVM”) and B3 began, in 2021, cooperation agreement activities for the supervision of public offerings of securities distributed with restricted efforts, which occur according to the rules of CVM Instruction 476. This agreement, which was signed in December 2020 and has a duration of […]

Bacen systematizes rules for authorization of Operation of Financial Institutions

By: André Jerusalmy As of July 1, 2022, CMN Resolution No. 4,970 (“Resolution 4970˜) will come into effect, making the system for granting the necessary authorizations for the operation of financial institutions more dynamic. In short, the aforementioned resolution seeks to simplify or make the authorization process more rigorous, depending on […]

STF defines the limits of res judicata in tax matters

The Brazilian Supreme Court (STF) has scheduled a ruling on the limits of res judicata in tax matters for tomorrow (12/15). This is one of the most relevant topics in the tax field and, depending on the decision made by the Court, it could have very significant – and even billion-dollar – impacts on taxpayers. Under the terms of the paradigm process, […]

Judgments of the Court of Justice of the State of São Paulo containing grounds in the LGPD

By: Leonardo Neri We have collected some court decisions from the Court of Justice of the State of São Paulo containing grounds in the LGPD. The following stand out: The 34th Private Law Chamber exempted Eletropaulo from compensating a customer for a data leak. The judge emphasized that the company was not at fault for the episode, which occurred due to the action of […]