As of December 1, 2011 the Brazilian government decided to attract and foster the return of foreign investors to the Brazilian market by reducing to zero the applicable rate of the Tax on Financial Transactions (IOF) levied on foreign investments in shares and private securities.

On April 20, 2011, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) enacted CVM Instruction No. 494 (Instr. 494/2011), which amended and updated the existing regulation that governs the incorporation, administration, operation, information disclosure and distribution of units (cotas) of Brazilian Investment Clubs (Clubs) , and CVM Instruction No. 495, dealing specifically with the preparation and disclosure of financial statements by the Clubs.

Desde que a CN - Corregedoria Nacional de Justiça do CNJ expediu os provimentos 172 e 175, ambos de 2024, que tratam da obrigatoriedade...

The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) decided to include certain agribusiness securities in the list of instruments that can be distributed with restricted efforts in the Brazilian regulated markets pursuant to CVM Instruction No. 476, of January 16, 2009.

On July 12, 2010, the Brazilian Securities and Exchange Commission ("Comissão de Valores Mobiliários" – CVM) announced the new rules applied to the securities analysts ("analistas de valores mobiliários") established by CVM Instruction No. 483, dated July 6, 2010, which will become valid as of October 1st, 2010.

Brumadinho's disaster completed 50 days this week and one of the main discussions in vogue is with respect to the indemnities that shall be paid to the victims' families or to the victims themselves, if they survived.

Brazil has changed its laws to facilitate the use of fiduciary liens as security interest over agricultural lands. Some of the most valuable lands in Brazil are agricultural lands, but because of...

On September 20, 2011, the Board of the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) decided to adopt the concepts of true and fair view or faithful representation (representação verdadeira e apropriada) and substance over form (primazia da essência sobre a forma) in the Brazilian accounting system.

Em 15 de maio de 2017, a Comissão de Valores Mobiliários ("CVM") divulgou o edital da audiência pública SDM nº 01/07 que apresenta a discussão sobre a norma que regulará as ofertas públicas...

On September 9, 2010 the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA S.A – "Bolsa de Valores, Mercadorias e Futuros" – BVMF) announced alterations to the listing rules for companies committed to good corporate governance practices and admitted in the New Market ("Novo Mercado") and Levels 1 and 2 segments.

On October 31, 2008, the Brazilian Securities Exchange Commission ("CVM") issued Rule No. 472 ("ICVM 472") which introduced significant changes in the regulation of Real Estate Investment Funds

On April 5, 2010, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) issued CVM Instruction No. 482, which amends the regulation on public offerings for distribution of securities set forth by CVM Instruction No. 400, of December 29, 2003.

Debentures are debt instruments issued by a corporation ("sociedade anônima") that will confer upon its holders (debentureholders) credit rights against the issuer, under the conditions specified in the respective indenture (deed of issue) and certificates, if any.

Commodities brokerage houses (Corretoras de Mercadorias) are subject to the control and monitoring of the Brazilian Securities and Exchange Commission (CVM)

On December 15, 2011, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) issued CMN Resolution No. 4040 (CMN Res. 4040/2011), which amended CMN Resolution No. 3339, of January 26, 2006 (CMN Res. 3339/2006), governing repo operations (operações compromissadas), also known as repurchase or buyback transactions, involving certain fixed income securities in Brazil.

On November 25, 2010, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) issued CVM Instruction No. 487, which amends and updates CVM Instruction No. 361, of March 5, 2002, and introduces specific provisions to regulate the hostile takeover bids in Brazil, regarding the control acquisition of publicly-held corporations with dispersed shareholding and undefined ownership (i.e., without a controlling shareholder or group of control).

On June 23, 2009, the Board of the Brazilian Securities and Exchange Commission (“Comissão de Valores Mobiliários” – CVM) approved Opinion (“Parecer de Orientação”) No. 36, of the same dated, about statutory provisions imposing encumbrance(s) on shareholders who vote favorably to the elimination of the share dispersion protection clause inserted in the company´s bylaws.

The amazingly easy transmission and virtual dissemination of information offered by the Internet has made possible for institutions performing in the securities intermediation business to offer their services to clients residing in any foreign country irrespective of any physical representation in the country. This means of communications has been a concern for regulatory authorities in several jurisdictions due to the difficulty to actually oversee and monitor Internet transactions, especially

On April 25, 2012, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários - CVM) issued CVM Instruction No. 521 (CVM Instr. 521/2012), regulating the activity of credit risk rating (classificação de risco de crédito) in the Brazilian securities market, with emphasis on registration and recognition requirements, information disclosure, and rules of conduct and internal controls of the credit rating agencies (CRAs).

The Brazilian monetary authorities are known worldwide to regulate and supervise the financial sector tightly and unlike other jurisdictions Brazil always adopted a very restrictive approach in the derivatives market.