The court-supervised reorganization of corporations introduced by Law 11101/05 (the Brazilian Reorganization and Bankruptcy Law - "LRF" in the Portuguese acronym) arose as one of the changes needed to lower credit risk and achieve greater reductions in interests accrued on financial loans.
The Anti-Corruption Law, which was approved in August 2013 and became effective
at the end of January 2014, brought about significant changes regarding the
relationship between private businesses and government employees.
Tauil & Chequer
The Administrative Council for Economic Defense has launched 3 public hearings on drafts of new resolutions.
Felsberg e Associados
On October 16, 2007, SUSEP, the Brazilian insurance supervisory body, disclosed new draft regulations regarding reinsurance in Brazil and submitted them to a public hearing.
Norton Rose Fulbright Australia
Brazil's anti-corruption enforcement record has been poor, but recent events indicate that this is likely to change.
The Brazilian franchising market is growing at a rate of 16.2 per cent annually and currently comprises approximately 2,426 franchise networks, generates around 940,887 direct jobs and annual revenues of US$51.134 billion and has achieved an advanced level of maturity and reliability on a global scale.
Souza, Schneider, Pugliese e Sztokfisz Advogados
On February 17, 2014 the Central Bank of Brazil started to receive the Statement of Brazilian Capital Abroad relative to the base-year 2013.
The Brazilian Agency of Waterway Transportation ("ANTAQ") started carrying out the public announcement procedures for authorization of new private port terminals ("TUPs") right after the enactment of the new regulatory framework of the port sector (Federal Law 12,815/2013, regulated by Federal Decree No. 8.033/2013).
Walter Stuber Consultoria Jurídica
By means of Communiqué nº 25306, of February 19, 2014, the Central Bank of Brazil (Banco Central do Brasil – Bacen) clarified the risks resulting from the acquisition of so-called virtual coins (moedas virtuais) or encrypted coins (moedas criptografadas) and the transactions entered into with such coins.
Tauil & Chequer
On February 12, 2014, Act No. 1/2014, enacted by National Congress, was published in the Official Gazette, extending the effectiveness term of Provisional Measure No. 627, dated November 11, 2013, for a period of 60 (sixty) days.
O Brasil e a União Europeia planejam avançar na atração mútua de investimentos no mercado segurador.
Brazil and the European Union are planning joint actions to foster investments in their insurance markets.
A Segunda Turma do Superior Tribunal de Justiça admitiu o protesto de Certidão da Dívida Ativa, título executivo extrajudicial da Fazenda Pública utilizado para o ajuizamento de execução fiscal.
As part of the federal highway privatization program, already in its third stage, the Federal Government installed new requests for proposals concerning federal highway concessions.
Dando continuidade ao programa de desestatização relativo à terceira etapa de concessões, o Governo Federal anunciou nesta semana novos chamamentos públicos referentes às concessões rodoviárias federais.
Sheppard Mullin Richter & Hampton
The early 1990’s in Brazil were marked by a combination of extremely high inflation, poor quality services and goods (which were mostly manufactured locally), onerous bureaucracy, and persistent corruption.
The "SAT" contribution was created by Law no. 8,212/91 with the scope of funding the social assistance related to events such as illnesses, permanent injury and death resulted from labor accidents.