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 […]

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 […]

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 […]

COVID-19 – Capital Markets

Capital markets’ agents will face several challenges to overcome the turbulences brought by the COVID 19 – coronavirus – pandemic. In view of this, the Comissão de Valores Mobiliários (“CVM”) — equivalent to the Securities and Exchange Commission in Brazil — provided a quick response and enacted, in the past few days, several guidelines to […]

Information of Brazilian Capital Abroad – Extension of Deadline

We hereby inform that the Brazilian Central Bank (Bacen), on an extraordinary basis motivated by the Covid-19 pandemic effects, issued on March 24th, 2020 the circular No. 3995, postponing to June 1st, 2020 the deadline for the submission of the Annual Information of Brazilian Capital Abroad (Declaração Anual de Capitais Brasileiros no Exterior – DCBE) […]

Provisional Presidential Decree nº 927/2020 – amended by Provisional Presidential…

Provisional Presidential Decree 927/2020 published on Sunday, March 22nd, 2020, as amended by Provisional Presidential Decree 928/2020 published on March 24th, 2020, establishes labor rules applicable to all employees during the state of public calamity resulting from the COVID-19 pandemic in order to make labor relationships more flexible. The Provisional Presidential Decree is valid for […]

Program Against Unemployment – COVID-19: Labor Law Measures

Among the measures announced by the Brazilian Federal Government in the afternoon of March 18th, 2020 is the deferral for a three-month period of the obligation by the employer to pay amounts in connection with both the Guarantee Fund for Length of Service (FGTS), and the Simplified Taxation System (Simples Nacional), with the goal of  […]