Brazilian General Data Protection Law (LGPD)

On July 09, 2019, Law 13.853/2019 was published in the Brazilian Official Gazette. Such Law was enacted as a result of the ratification of the Provisional Measure (Medida Provisória) 869/2018, which amended Law 13.709/2018 referred to as the Brazilian Data Protection Law (“LGPD”). Law 13.853/2019 has removed some provisions set forth in the original version […]

Annual census of foreign capital in brazil

Statement must be submitted until August 15th, 2019, 6 p.m. The Brazilian Central Bank (“BACEN”), through its Circular No. 3795 published on June 16, 2016, prescribes procedures and time limits for the provision of information through the Annual and Five-Year Period Census of Foreign Capitals in Brazil (“Statement”) and made mandatory the provision of information […]

Costa Tavares Paes Advogados announces new partners

Sao Paulo, July 31st, 2018 – Costa Tavares Paes Advogados announces the expansion of its Labor Department with the arrival of Cristina Buchignani. The firm also announces the promotion of Mariana Paranhos Malhães da Silva Lemos to partner. New partner Cristina Buchignani is recognized in the areas of individual and collective Labor and Social Security […]

Role of Technology in 2018 and the First Brazilian “Unicorn”

A report published by KPMG indicated that internet and information technology were the leading economic sectors of M&A transactions by volume in 2017, representing approximately 23% of all the M&A transactions in Brazil. Internet companies were targets in 104 transactions, while entities belonging to the IT industry were parties to 88 deals in 2017. Those sectors surpassed traditional industries in Brazil such as food, beverage and oil & gas.

Dispute resolution framework

I INTRODUCTION TO DISPUTE RESOLUTION FRAMEWORK In Brazil, the inspiration from Europe and the prestige of the 19th century’s constitutionalist theories have developed into the codification of law, providing for general principles and rules. The Brazilian legal system follows the tradition of civil law, and has also been impacted by a common law influence, with […]

Fosun suscribe acuerdo para comprar 70% de Guide Investimentos

La multinacional china Fosun International Limited y Banco Indusval S.A., de Brasil, suscribieron un acuerdo de compraventa que le permitirá al primero adquirir 70% de la participación de la entidad financiera en Guide Investimentos S.A. – Corretora de Valores, por un monto de BRL 290 millones (USD 87.490.400 al 1 de abril). La firma del […]

China’s Fosun buys into Brazilian wealth manager

Laura Mendes | Latin Lawyer |  20 March 2018 Paul Hastings LLP in São Paulo and Shanghai and Costa e Tavares Paes Advogados in São Paulo have advised China’s largest privately-owned conglomerate on its acquisition of a stake in Brazilian wealth manager and institutional brokerage, Guide Investimentos for up to US$88 million. Fosun Group bought […]

Companies – Annual Approval of the Accounts

In accordance with the Brazilian corporate law, an annual partners meeting shall be held within four months following the end of the fiscal year with the following main purposes: (i) approval of the management accounts; (ii) discussion and approval of the balance sheet and the financial statement; and (iii) designation of the members of the […]

Arbitration in civil construction

Data released from the biggest arbitration chambers show that civil construction and infrastructure are among the main themes discussed in arbitration procedures. In the Business Arbitration Chamber – Brazil (Camarb), for instance, at least 40% of the demands it manages are related to civil construction and energy.

Family law: arbitration can have an important role in succession and family matters

Brazilian laws – specifically article 852 of the Civil Code – do not accept the arbitration clause as means to solve conflicts when personal matters of family law which are not exclusively related to wealth are involved. However, this limitation itself can no longer completely exclude arbitration, which continues to expand in all areas of […]