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 […]

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 […]

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  […]