Renegotiation of debentures and promissory notes
By André Jerusalmy – 04/01/2020 INTRODUCTION: In times of crisis, the accumulation of debt is one of the main (if not the main) problem that plagues companies. In addition to the need to pay ordinary expenses to maintain the business, there is also the concern about paying off previously acquired debt that was paid in installments over […]
MP 931 extends the deadline for holding Ordinary General Meetings and approving accounts
By André Jerusalmy and Fernanda Lazzarini – 03/31/2020 At the end of March 30, in an extra edition of the Official Gazette, the President of the Republic sanctioned Provisional Measure No. 931 (“MP”), which extends the holding of Ordinary General Meetings (“AGO”) by 7 (seven) months from the end of the fiscal year of companies […]
New BNDES initiatives in response to the Covid-19 pandemic
By Fernanda Lazzarini – 03/31/2020 Last Sunday, March 29, the president of BNDES, Gustavo Montezano announced the following initiatives to combat the effects of the coronavirus pandemic: BNDES Emergency Support Program to Combat the Coronavirus Pandemic, with a focus on health; and Operationalization of R$$40 billion in resources to finance the payroll […]
The impact of the pandemic on Companies in Judicial Recovery and legal measures to mitigate its effects
By Vitor Antony Ferrari and Ivan Kubala – 03/30/2020 As already mentioned in an article published with the theme Economic Pandemic – Debt Renegotiation, Business Preservation and Judicial and Extrajudicial Recovery in Brazil, given the current economic-financial scenario imposed by the pandemic generated by COVID-19, many companies are already being severely affected, so that […]
Covid-19 – Federal Government offers emergency credit line for payment of salaries of employees of small and medium-sized companies.
By Leonardo Neri and Bárbara Oliveira – 03/27/2020 After facing pressure from business owners who have been suffering the economic consequences of the quarantine, the federal government announced this Friday, March 27, the provision of R$40 billion to provide emergency credit for paying the salaries of employees of small and medium-sized companies […]
Our partner Leonardo Neri receives international certification in the General Data Protection Law (LGPD)
02/27/2029 We announce that our partner Leonardo Neri has received the international certification in Privacy & Data Protection Essentials (LGPD), issued by EXIN. EXIN is the only international certification on the General Data Protection Law (LGPD) available on the market. Since 1984, EXIN has been one of the world’s leading independent exam and certification institutes […]
COVID-19 – Banking institutions grant extension of debts for individuals and micro and small businesses for up to 60 days
By Leonardo Neri and Barbara Oliveira – 03/27/2020 There are many impacts worldwide due to COVID-19, or the new coronavirus. The disease that originated in China and has already reached dozens of countries was declared a pandemic by the World Health Organization (WHO) on March 11, 2020, and since then, it has […]
Central Bank of Brazil extends deadline for submitting declaration of Brazilian Capital Abroad
By André Jerusalmy and Marcos Buzo – 03/26/2020 Due to COVID-19, the Central Bank of Brazil (BCB) extended the deadline for the annual declaration, with a base date of December 31, 2019, from April 5, 2020 to July 1 of the same year. In turn, the quarterly declaration, with a base date of […]
COVID-19 and its impacts on consumer relations in the tourism segment
By Leonardo Neri Candido de Azevedo – 03/24/2020 In the first half of March 2020, with the decrease in revenues from the tourism sector compared to the same period last year, the segment in Brazil has already shown a loss of approximately R$2.2 billion. The National Confederation of Commerce of Goods, Services and […]
São Paulo Commercial Board suspends activities
By Antonio Carlos C. Mazzucco and Andre Jerusalmy The Commercial Board of the State of São Paulo (“JUCESP”) has suspended all its in-person activities from today, March 23, 2020, until April 30. With this, only online services such as the electronic opening of companies (EIRELI, Individual Entrepreneur and Society […]