Digital CTPS Updates Position Display for More Transparency
The Digital Employment and Social Security Card (CTPS) has undergone an update that aims to ensure greater accuracy in displaying workers’ positions. Previously, the application only displayed the CBO (Brazilian Classification of Occupations) code, which did not always reflect the worker’s exact function. Now, the system displays the job description […]
Enforcement against Partners of Companies in Judicial Recovery: An Analysis Before Labor Courts
Recently, the Superior Labor Court (TST) ruled on the possibility of redirecting the execution against partners of companies under judicial recovery to settle credits arising from labor claims. This decision is an important milestone in labor law. Naturally, this is a controversial issue, with differences of understanding arising from the constant conflicts between labor law and […]
Judicial Deposits in the Labor Court Can Now Be Made via PIX
Companies that need to make judicial deposits in the Labor Court now have a new alternative to fulfill their financial obligations: PIX. With the recent authorization of the Superior Labor Court (TST), it is possible to make judicial deposits directly through this instant payment system, ensuring greater agility and practicality to the process. With this new […]
Case law analysis of credits subject to judicial recovery of rural producers.
Case law allows rural producers to include debts prior to formal registration in the judicial recovery process, as long as they are linked to the business activity. This provides greater legal certainty and facilitates the continuity of activities in agribusiness, which is vital for the national economy in times of crisis.
Implications of the Removal of the Administrator in Judicial Recovery
The removal of the administrator of a company undergoing judicial recovery may occur in cases of misconduct, such as fraud or embezzlement of assets, to protect creditors and ensure transparent management. This measure aims to strengthen the confidence of creditors and investors, contributing positively to the recovery process.
New CVM Standard for regulating Fiagro
As of the publication of the new CVM Resolution No. 214, of September 30, 2024, by the Securities and Exchange Commission – CVM, investment funds for agribusiness production chains – Fiagro, will become part of the regulatory framework for investment funds in the country.
Among the main changes brought about by the rule are (i) subsidiary application of other CVM normative annexes; (ii) definition of the strategic policy and management of the invested company; (iii) possibility of trading carbon credits from agribusiness; (iv) investment by the Fiagro classes in “any real rights over rural properties”, among others.
CVM Resolution 214 comes into effect on March 3, 2025. Existing Fiagros will have until June 30, 2025 to adapt to the new resolution.
Update on the Rules of the Worker Food Program (PAT): Understand Ordinance No. 1,707/2024
The Ministry of Labor and Employment published Ordinance No. 1,707/2024 with important changes to the PAT. Now, companies can no longer receive indirect benefits, such as discounts on health plans or other services, focusing exclusively on the healthy nutrition of employees. In addition, undue financial benefits in contracts with food suppliers are prohibited, and penalties for non-compliance can reach R$$ 50,000.00. Companies must review their contracts to avoid sanctions.
CVM public consultation with proposals for the new EASY Regime for smaller companies
The Securities and Exchange Commission – CVM has made available to the general public of investors the public consultation of the proposed rules that establish the Facilitation of Access to Capital and Incentive to Listings – FÁCIL regime, which is part of the CVM 2024 Regulatory Agenda, bringing new rules, on an experimental basis, that promote facilitation of entry and access of smaller companies to the capital market.
Suggestions and comments can be sent until 12/6/2024 to the CVM email conpublica0124@cvm.gov.br.
B3 public consultation with proposals for changes to the Novo Mercado rules
B3 has made available to the general public of investors a public consultation to collect contributions to change the rules of the Novo Mercado, a listing segment for companies voluntarily committed to complying with more rigorous corporate governance practices than those required by current legislation.
After analyzing the contributions sent by the public, B3 will announce the restricted hearing, so that the companies listed in the segment can vote on the final proposal, which will also be subject to approval by CVM.
Suggestions and comments can be sent until 11/11/2024 to B3's email sre@b3.com.br.
Cade Investigates 33 Multinationals for Forming Cartels in the Labor Market
Cade is investigating 33 large multinationals on suspicion of forming a cartel in the Brazilian labor market. The companies, through groups such as the Salary Executive Group (GES) and the Benefits Administrators Executive Group (GEAB), allegedly shared information on salaries and benefits between 2004 and 2021, with the aim of restricting competition and limiting worker mobility. If confirmed, the companies could face fines of up to 20% of their annual revenue. The investigation, based on a leniency agreement, is ongoing.