The Brazilian Government recently issued Provisional Measure No. 615, that, among other provisions, rules on the payment arrangements and payment institutions that participate of the Brazilian Payment System, which must still be regulated by the Central Bank of Brazil in accordance with the guidelines to be established by the Brazilian Monetary Council.
As exploration and production activities advance in the oil & gas industry, the host countries are challenged to create new, beneficial and efficient regulations that will ensure the development of a strong local industry.
The phrase "local content" has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regard to the oil & gas industry.
Since the early 70's an important debate is going on, in Brazil, about the ownership of rural land by foreign investors.
Brazil has recently acceded to the United Nations Convention on Contracts for the International Sale of Goods and became its 79th Contracting State.
Três decisões recentes da Comissão de Valores Mobiliários.
Brazilian Superior Court of Justice recognized and enforced a judicial award originated in the UK.
The new Forestry Code (Federal Law No. 12.651/2012) significantly modifies the laws governing specially protected areas, such as "Permanent Preservation Areas" and "Legal Reserves".
This April, as a result of Law 1.2783/2013 (MP579/2012), the Ministry of Mines and Energy (MME) issued Ordinance 117/2013, regulating the provision of electricity generation through hydroelectric plants which have not had their concessions extended, in order to ensure continuity of service.
Within the Program "Brasil Maior", Law no. 12,546/2011 created the Social Security Contribution on Gross Income which, until Dec. 31, 2014, and for some economic sectors, will replace the Social Security Contributions provided for in items I and III of article 22 of Law no. 8,2 12/91, calculated, in turn, on the total remuneration paid, due, or credited to ensured employees, autonomous workers, and individual taxpayers.
Em 4 de abril de 2013, a Agência Nacional do Petróleo, Gás Natural e Biocombustíveis ("ANP") emitiu o Ofício Circular nº 003/2013/SEP ("Ofício Circular"), por meio do qual deixou claro que a cessão de direitos e obrigações decorrentes de contratos de concessão referentes à exploração e produção ("E&P") de petróleo e gás natural está sujeita a aprovação prévia do CADE, autoridade concorrencial brasileira.
The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) decided to amend and add provisions to CVM Instruction No. 400, of December 29, 2003 (CVM Instr. 400/2003), that regulates public offers for the distribution of securities in the primary and secondary markets in Brazil, by means of CVM Instruction No. 533, of April 24, 2013 (CVM Inst. 533/2013).
The Brazilian agency for petroleum, natural gas and biofuels has recently issued Directive No. 003/2013/SEP, by means of which it made clear that the assignment of rights under concession agreements in the exploration & production segment is subject to the prior approval by CADE, the Brazilian antitrust authority.
Com a crise de racionamento de 2001, o modelo então adotado para a sistema elétrico mostrou-se ineficaz para garanti os principais objetivos de qualquer serviço público, qual sejam, a confiabilidade de suprimento, modicidade tarifária e universalidade.
With the rationing crisis in year 2001, the then adopted model for the electric power system showed to be ineffectual in assuring the core objectives of any public utility service, that is, reliable supply, fair electricity rates and availability to all.
The Provisional Measure No. 612 has recently entered into effect, thus changing, the legal regime applicable to customs locations within Brazil's secondary zones.
According to Brazilian law, the dividends distributed to the shareholders are exempt from income taxes.