Approval of the Economic Freedom Act
On September 20, 2019, Provisional Measure No. 881, known as the Economic Freedom Provisional Measure, was enacted into law by the Executive Branch and aims to reduce bureaucracy and simplify the opening of companies and the day-to-day business routine[1] (“Economic Freedom Law”). Additionally, the Economic Freedom Law also introduces innovations […]
STJ begins trial on conflict of jurisdiction in proceedings involving seizure of assets of companies undergoing judicial recovery
By Marcelo Blecher At the end of September, the Superior Court of Justice (“STJ”) began the trial of the Conflict of Jurisdiction (“CC”) 149.622/RJ, to determine whether it is up to the 1st Section, of Public Law, specialized in taxes and tax executions, or the 2nd Section, of Private Law, specialized in bankruptcies and judicial recoveries (“RJ”), to assess requests for suspension […]
CVM to Analyze Instruction on Regulatory Sandbox
The Brazilian Securities and Exchange Commission (“CVM”) received suggestions until September 27 regarding the public consultation on the regulatory sandbox, an instrument already used in the international market, which aims to favor innovation in the financial and capital markets. Through this instrument, the CVM will be able to issue temporary authorizations for entities to test new models, […]
Recupera Rio – Up to 50% discount for companies in bankruptcy or judicial recovery to pay off their debts
By Mariana Martins and Gustavo Paulucci Teixeira The City of Rio de Janeiro, through Decree No. 46,486 of September 2019, regulated the program to encourage the settlement of tax credits, whether or not registered as active debt, for companies in bankruptcy or judicial recovery. Interested parties have a period of 60 days, counting from […]
Foreign Capital Census Statement
In accordance with the provisions of Circular No. 3,795 of the Central Bank of Brazil dated June 16, 2016, we hereby inform you that the deadline for submitting the declaration of the Census of Foreign Capital in Brazil (“Census”) is now open, and the information to be provided must refer to the base year ending December 31, 2018. […]
Regulation of sports betting in Brazil and the unlimited authorization of licenses for entrepreneurs
By Leonardo Neri Candido de Azevedo Initially, the Ministry of Economy showed interest in granting unlimited licenses to entrepreneurs who wish to operate in the sports betting business in Brazil, as legalized by the enactment of Law 13.756/2018, sanctioned at the end of last year. Such authorization would bring a model very similar to the […]
Facebook’s Launch of the Global Libra Currency and Key Legal Challenges
By Leonardo Neri Candido de Azevedo Recently, Facebook announced the launch of a global currency based on Blockchain technology, called Libra, and a new subsidiary, Calibra, which would be responsible for launching a digital wallet for said cryptocurrency, which would be available in applications, such as WhatsApp, and also on its own […]
The Permission for Pregnant and Breastfeeding Women to Work in Unhealthy Environments Granted by the Labor Reform Declared Unconstitutional.
By Leticia Cordeiro and Rafael Mello The labor reform instituted by law 13.467/2017 brought the possibility of lactating and pregnant women working in unhealthy environments (minimum and medium levels in the case of pregnant women and any level of unhealthiness in the case of lactating women). This possibility comes from the command inserted in items II and III of article […]
Bill No. 3,515/2015 – Prevention of Over-indebtedness and its Impact on the CDC
By Barbara Oliveira After the period of incentives for granting credit, the consequences of the lack of education for using the credit granted remained. The result of this creation of facilitations is the increase in the number of people who have committed their income in an exorbitant way, which has caused a major economic impact on the country. Given the […]
Legal system regulating appropriate methods of conflict resolution: some news about mediation.
By Fábio Marques It is possible to say that there is a regulatory legal system for appropriate methods of conflict resolution, alternative to judicial methods, composed of the Civil Procedure Code, Law 13.105/15, the Mediation Law (Law 13.140/15) and the Resolution of the National Council of Justice Res CNJ 125/2010. Resolution CNJ 125/2010 was prepared […]