Out-of-Court Recovery Under Discussion: The Recent Moves of Raízen and GPA and What This Reveals About Corporate Restructuring in Brazil
Market movements and changes in corporate restructuring: Recent moves involving Raízen and Grupo Pão de Açúcar (GPA) are noteworthy not only because of the size of the companies, but also because of the timing of their occurrence. Instead of waiting for the financial scenario to worsen, these groups are signaling a more strategic and proactive approach in […]
Legal Security in Corporate Publications: Transparency as a Pillar of Corporate Governance
In February 2025, the National Department of Business Registration and Integration (DREI) published Circular Letter SEI No. 96/2025/MEMP, which released the Practical Guide to Legal Advertising for Public Limited Companies. The document guides the Commercial Registries to standardize the criteria for analyzing corporate acts of publicly traded and privately held companies, reinforcing the importance of […]
TST (Superior Labor Court) rejects automatic liability for directors of privately held corporations: impacts and precautions for companies.
A recent decision[1] by the Superior Labor Court (TST) has sent an important signal to the business environment by rejecting the automatic liability of directors of privately held corporations in labor enforcement proceedings. The position reaffirms that the mere non-payment by the company does not, in itself, authorize the redirection of enforcement to the directors, which represents a […]
Changes to the new Code of Best Corporate Governance Practices
By Fernanda Lazzarini* The 6th edition of the Brazilian Institute of Corporate Governance (IBGC) Code of Best Corporate Governance Practices aims to contribute to the sustainable development and transparency of organizations by encouraging the conscious and effective use of corporate governance instruments. The document includes five principles: […]