Guarantor Partner and Exemption from Guarantee in Lease Agreement
By: Vitor Antony Ferrari, Ivan Kubala The guarantor partner who has withdrawn from the guaranteed business partnership must be careful when releasing the guarantee provided in a lease agreement. It is very common that in a lease agreement signed by business partnerships, one of the partners offers a surety as a guarantee, so that they are responsible for any debts of the […]
STF concludes discussion on (Im)seizability of guarantor’s property in lease – Topic 1,127
By: Vitor Antony Ferrari, Ivan Kubala As we have already announced, Extraordinary Appeal 1307334 is currently being processed at the Federal Supreme Court (STF), discussing the constitutionality of the (non)seizability of the residential property of the guarantor of a lease agreement. At the time, the judgment already had eight votes, all of which were cast on August 12, after […]
What to do when your assets are seized
By: Vitor Antony Ferrari In times of pandemic and in view of the economic volatility experienced in the last two years, it is not uncommon to come across acquaintances, clients and friends who have been suffering due to the crisis, unemployment and possible default in fulfilling various obligations. As a consequence, this default may end up giving rise to lawsuits filed by the injured parties […]
Non-attachability of financial investments and current account deposits
By: Vitor Antony Ferrari, Ivan Kubala Brazilian law establishes a list of assets considered unattachable, that is, assets that cannot be used to satisfy a debt collected in court. Examples include real estate considered a family asset, salary, retirement income, pensions, and amounts of up to 40 minimum wages deposited in a savings account, which are […]