COVID-19: Effects on Taxation in Brazil

Our tax team periodically release an official Informative that covers all the new tax laws and measures adopted by the Federal Union, Rio de Janeiro and São Paulo States and their capitals to minimize the COVID-19 impacts. Click here to read about the tax measures already taken in Brazil.

Brazilian securities commission enacts rule for digital general meetings of debt securit…

The Brazilian Securities Commission (“CVM”) enacted on May 14th, 2020 the Instruction No. 625 (“ICVM 625”), which provides for the remote attendance and vote in general meetings of debentures’ holders and amends provisions of the CVM Instruction No. 476 enacted on January 16th, 2009 (“ICVM 476”), and of the CVM Instruction No. 583 enacted on […]

Brazilian Securities Commission Enacts Rule for Remote Attendance and Voting in Sharehol…

Brazilian Securities Commission (“CVM”) enacted on April 17th, 2020 the Instruction No. 622 (“ICVM 622”), with the intention to facilitate regular activities of publicly-held corporations during the Covid-19 pandemic. ICVM 622 amends CVM Instruction No. 481 which provides for remote attendance and vote in shareholders’ meetings of listed corporations, as well as information associated therewith […]

Central Bank of Brazil announces measures to fight the efeects of COVID-19

The Central Bank of Brazil (“BCB”) announced measures to fight the effects of COVID-19 given the fast pace of dissemination of the virus. The purpose of the BCE in moments of large-scale is to keep the financial markets in operation. In this sense, the BCB implemented new measures as follows: (i) New Term Deposit with […]

CVM Resolution nº 849 – regulation of the extension of deadlines and the flexibili…

Brazilian Securities Commission (“CVM”), as authorized by Provisional Measure No. 931 of March 30, 2020 (“MP 931”), issued Resolution No. 849 of March 31, 2020 (“Resolution”), which defines new dates for submission of information by publicly held corporations and investment funds for the fiscal year 2020. In order to relieve difficulties caused by the Covid-19 […]

Extension of deadlines for ordinary shareholders’ meetings, for term of offices of direc…

Brazilian government enacted on March 30, 2020 the Provisional Measure No. 931 (“MP 931”), by means of an extra edition of the Federal Official Gazette. The purpose of MP 931 is to provide flexibility for deadlines and certain corporate law provisions addressing ordinary meetings, terms of office, and the granting of extraordinary powers to management […]

The COVID-19 and the judiciary

Since the World Health Organization (“WHO”) called the COVID-19 outbreak pandemic, Brazilian authorities started to take actions aiming at lessening the proliferation of the virus. However, as the numbers of infected cases rise in Brazil, further, more stringent measures were adopted, essentially to increase social distancing. The Judiciary responded quickly, especially because courts in Brazil […]

Initial impacts of COVID-19 in judicial reorganization proceedings

As it happens throughout the world, Brazil faces an unprecedented crisis. The COVID-19 pandemic is the most pressing topic in the entire world, as it profoundly affects the global economy, reverberating in almost all industries. The impact of the COVID-19 crisis in the companies undergoing judicial reorganization is undeniable. For no other reason, it has […]

Arbitration and COVID-19

Amidst an unprecedented health crisis, and an uncertain economic scenario, the law community faces a great number of challenges to go through these turbulent times and aid clients in the best way possible. Even with the best efforts being made by the Judiciary, there is a concern that not all Brazilian Courts will be able […]

Private-law contracts

Contracts signed between private parties have been seriously affected by the COVID-19 pandemic, especially since the Federal Government, the State, and the City of São Paulo enacted Executive Orders to implement severe health measures. The newly named “Corona Crisis” interferes strongly in an array of contracts, such as Supply, Real Estate, Construction, and Services, generating […]