Have You Heard of Plural Vote?
By: André Jerusalmy On August 26, 2021, Law No. 14,195/2021 was published, which brought several changes to corporate legislation with the aim of making the national market more competitive from a regulatory point of view. One of the most innovative issues was the institution of plural voting in public limited companies. […]
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 […]
Ministry of Justice and Public Security publishes ordinance on rules and processing of personal data
By: Leonardo Neri According to the National Institute for Data Protection on LinkedIn, the ordinance regarding the general policy and regulation of data protection was released, the main purpose of which is to disclose the formal rules for processing personal data, in accordance with current legislation. Ordinance MJSP No. 561 was made available on […]
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 […]
Hackers invade the National Health System and the repercussion exposes the fragility of a society without proper information security
By: Leonardo Neri The Ministry of Health and ConecteSUS, an app that provides proof of vaccination against COVID-19, were cyber-invaded on December 10, 2021, affecting systems that report cases of the disease. The website’s downtime caused a crisis in much of the country. In Salvador, for example, passengers were unable to board […]
Fraud in payment slips does not generate liability for the bank due to lack of evidence that data was improperly used
By: Leonardo Neri At the end of 2021, a court ruling on fraudulent bills brought to light the issue of banks’ liability in these cases, which resulted in a series of criticisms on social media from people who did not agree with the decision that exempted a banking institution from liability. The judge of the 1st […]
Approved regulation for processing small agents in relation to LGPD
By: Leonardo Neri The approval of the processing regulation for small-scale agents in relation to the General Data Protection Law (LGPD) was published on January 28, 2022 in the Official Gazette of the Union. Based on the rules provided for in articles 55-J, XVIII, of Law No. 13,709; article 2, XVIII, Annex I of Decree No. […]
After hacking the SUS system, hackers gain access to Federal Government passwords
By Leonardo Neri The Federal Government is facing difficulties in the digital sphere. After a serious cybersecurity failure, the government is having difficulty knowing how to respond to successful hacker attacks. After accessing the ConecteSUS and Ministry of Health systems, 20 public agencies, including other ministries, were compromised. It should be noted that until […]
Impacts of CMN resolution 4,948 on the Derivatives Market
By: André Jerusalmy Derivatives can be used in a variety of ways and their use is widely known in the financial market. However, there are two most common forms of derivatives: protection (hedge) or leverage (speculation). While protection against market risk can reduce the effects resulting from fluctuations in asset prices […]
Legal Framework for Startups
By: André Jerusalmy On June 1, 2021, Complementary Law No. 182/21 was enacted, with the Legal Framework for Startups as its theme, which aims to establish specific regulations on the subject in the country, which as a consequence, would foster the business environment in Brazil and the hiring of startups by the Public Administration. With this […]