Court-supervised Reorganization and Bankruptcy
The Law on court-supervised reorganization and Bankruptcy (Law 11,101/2005) was created in 2005 and underwent some changes in 2020. The sanction of Law 14,112 brought some news to creditors and debtors on matters regarding: mediation, stay of proceedings, provisional asset protection, reorganization plan presented by creditors, financing for debtors undergoing reorganization, fresh start, individual rural …
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Considerations about Brazil’s Accession to the OECD
In the last few decades, the Organization for Economic Co-operation and Development (OECD) has gained greater prominence in the international economic scenario, especially in the Brazilian panorama, as there has been a considerable rapprochement between the Country and the Organization. Although Brazil has been engaged with the OECD since 1994, it became a key partner …
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Brazil: are we more mature about corporate compliance best practices?
To optimize your time, the answer to the above question will be given in the first sentence of this article: it seems so. At least this is the feeling we get when we read news about situations that, in the recent past, would not be on the agenda.
Good news for the Brazilian footballing industry
In August 2021, during the Covid-19 pandemic, the Brazilian President passed a law long-awaited by the football teams throughout the country – Law No.14,193/2021, known as the “Lei da Sociedade Anônima de Futebol (SAF)”, or the Football Corporation Law. This law finally allowed football teams to be incorporated as a corporation (SAF – football corporation), …
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Brazilian new railway legislation (and why it may be a great opportunity for passenger rail transport investments)
At the end of 2021, the new Brazilian railway law (Law nº 14.273/2021) was finally approved, it promises to facilitate and optimize the expansion of railway transport and, as a consequence, to expand the already existing options to the outflow of goods throughout the country. With the consolidation of the brand new authorization regime – …
Confusion and changes to the Brazilian State Goods and Services Tax (ICMS) in early 2022: how a ruling by the Supreme Court created a new and unconstitutional law in Brazil
As many readers may know, taxes are not straightforward anywhere in the world but this is particularly true in Brazil and even more so when one looks at Brazil´s indirect taxation on sales and goods, the “Imposto sobre Operações relativas à Circulação de Mercadorias e sobre Prestações de Serviços de Transporte Interestadual e Intermunicipal e …
Perspectives for teleworking in Brazil
It was already notorious that the feasibility of implementing remote working had been discussed for a long time. While many companies already saw this condition as an advantage, others were still quite resistant to the idea.
The main aspects of the Brazilian income tax reform proposal
Updates on Brazil’s potential income tax reform are brought by Finocchio and Ustra’s Tax Team.