On December 12, 2019, Law No. 8,645/2019 was published by the State of Rio de Janeiro creating the Temporary Budgetary Fund, pursuant to ICMS Agreement No. 42/2016 and Federal Law No. 4,320/1964.

A Lei Estadual nº 11.331/2021 instituiu o Programa de Parcelamento Incentivado de Débitos Fiscais ("REFIS 2021") no Estado do Espírito Santo, ...

The Brazilian press recently reported that the Abu Dhabi Fund for Development (ADFD), a sovereign fund, will fi nance the construction of a multicargo private-use port ...

The concept of peer-to-peer lending ("P2P"), that first evolved in the United Kingdom and United States, is currently a fashionable topic in jurisdictions like Brazil where consumer needs and spending are growing and strict financial regulations apply.

The Central Bank of Brazil has significantly advanced the regulation of Pix and Open Finance, with the aim of optimizing and expanding their functionalities.

As many of our readers know, the Muslim population in Brazil is small, possibly less than 1%. This is a possible reason why Brazil has never paid much attention to Islamic finance.

Expanding into international markets is a common strategy for big companies in search of new and potentially lucrative opportunities. Banks are no different.

On August 30, 2016, the Brazilian Securities Exchange Commission (Comissão de Valores Mobiliários – "CVM") issued two new sets of rules relating to private equity funds.

A major challenge in M&A deals is to negotiate collection devices and guarantees, such as escrow accounts and security interests.

BNDES divulga lista com os 50 maiores clientes do banco.

On May 14, 2024, Brazil's National Civil Aviation Agency ("ANAC") approved Resolution No. 743/2024 ("Resolution"), which regulates the monitoring and offsetting of carbon dioxide...

The Brazilian Government has confirmed that overseas bids for the projected concessions for management of three of Brazil’s busiest airports will be welcome.

All companies established in Brazil which received foreign investments in 2014 shall file information with the Central Bank 2015 Annual Census of Foreign Capitals until August 17th , 2015.

Until March 30, 2012, Brazilian financial institutions did not require the approval of the Brazilian Central Bank or other authorities to directly or indirectly invest in the capital stock of other legal entities either in or outside Brazil.

The Araújo e Policastro team is at your disposal to provide any clarification required and to assist you with the required measures before the Central Bank.

On May 21, the Secretariat of Prizes and Betting (SPA) of the Ministry of Finance published Ordinance SPA/MF nº 827/2024.

No dia 27 de novembro de 2024, o Corregedor Nacional de Justiça, Ministro Mauro Campbell Marques, deferiu uma liminar que reestabelece temporariamente a possibilidade de qualquer pessoa ou entidade formalizar alienações fiduciárias sobre imóveis por instrumento particular, mesmo que não façam parte do Sistema de Financiamento Imobiliário (SFI) ou do Sistema Financeiro Habitacional.

By means of Decree No. 13.894/13, published in the Official Gazette of 01.31.2013, the Federal Government amended Tax on Financial Operations Code (Decree 6.306/07).

Credits that are being disputed or are currently included in installment or re-installment programs may also be included in REFIM.

The Decree enables the application of the FATCA with regards to Brazilian financial institutions and expands the scope of tax information to be shared with the Brazilian Revenue Service.