Emergency program for the employment and income maintenance: law n.. 14.020 – july…

On July 6, 2020, Law No. 14.020/2020 was officially published, object of the conversion of Provisional Measure No. 936/2020, which instituted the Emergency Program for the Employment and Income Maintenance. This law, in summary, maintained the reduction periods of working hours and wage and suspension of the employment contract, as initially provided, that is, ninety […]

STF judges as constitutional the rule that raised the insurance companies’ net income tax

During a plenary session held on June 15th, the Federal Supreme Court (STF) dismissed the Direct Action of Unconstitutionality (ADI 5485) filed by the National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies (CNSeg) to challenge the Law 13.169/2015, which raised the Social Contribution on Net Income (CSLL) rate from […]

STJ : third panel of the superior court recognizes the vality of adjustments of the prem…

In a recent decision, the Third Panel of the Superior Court of Justice (STJ) revised its understanding, enabling the readjustment of life insurance by age group. This, in fact, was already the understanding adopted by the Fourth Panel of the STJ since March 2019. The plaintiff claims that, in the period from 2002 to 2014, […]

TST accepts the use of court bond with fixed insurance period

In a recent decision, the Fourth Panel of the Superior Labor Court (TST) reformed the understanding of the Regional Labor Court of the 3rd Region (MG), allowing the presentation of a court bond policy with fixed insurance period, in order to replace the appeal´s deposit to pay labor costs. The Regional Labor Court of the […]

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 […]