Central Bank of Brazil (BCB) raises limit for foreign exchange transactions
The Central Bank of Brazil (BCB) has increased the limits for foreign exchange transactions with immediate settlement by financial institutions, as well as brokerage firms and distributors of securities and securities, such as foreign exchange brokers and other non-banking institutions. In order to increase the limits for institutions to carry out foreign exchange transactions […]
Taxpayer obtains injunction to waive 5-year limit for tax credit offset
At the beginning of July 2024, the 2nd Federal Court of Jundiaí issued a preliminary decision that allowed a cosmetics manufacturing company to file a Declaration of Compensation (DCOMP) using credit after the five-year period from the final judgment of the court decision that generated it. The credit, calculated at its original value […]
The Controversy over the Payment of Court Costs and Appeal Deposits: Who can make these payments in labor court?
For an appeal to be heard by the Court, it is essential to pay the court costs and the appeal deposit. However, it often happens that the client, due to financial difficulties or some other problem, seeks help from third parties to cover the aforementioned legal expenses. Given this scenario, many questions arise as to the possibility of a law firm […]
Surety Bond: A viable solution for companies facing recourse deposits and cash court guarantees
Recently, the firm addressed in one of its publications the update of the judicial deposit values made available by the Superior Labor Court (TST), which will come into effect in August as of August 1, 2024. To ensure the correct filing of the appeal and consequent knowledge and judgment of the appeal, it is essential that lawyers and […]
Mazzucco&Mello advises client on acquisition of financial institution
We advised a foreign investor on the acquisition of a bank specialized in foreign exchange transactions and a fintech Mazzucco&Mello advised a foreign client on the acquisition of a bank specialized in foreign exchange transactions (purchase and sale of currencies) and a fintech from the same group specialized in e-commerce solutions. The transaction involved the acquisition of all of the shares […]
New CMN Resolution 5146/2024 simplifies the methodology of financial instrument classification criteria
Published on June 26, 2024 by the National Monetary Council – CMN, CMN Resolution No. 5,146 proposes adjustments to CMN Resolution No. 4,966, of November 25, 2021, which establishes the criteria and concepts for classification, recognition, measurement, provisioning and write-off of financial instruments, as well as for the designation and recognition […]