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The tax on credit and exchange transactions, insurance and securities (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários - IOF) in Brazil is assessed on the amount of bank loans and similar transactions, on the amount of foreign currency purchased or sold, on insurance premiums and the price of securities purchased or sold.

When considering a purchase of a Brazilian company, the first point to call the attention refers to tax succession.

Brazil’s Council for Economic Defence ("CADE") recently issued a decision in which it once again had to determine whether transactions that are carried out in different jurisdictions are required to be submitted to CADE when objective turnover thresholds are met, but where the transaction has no effects in Brazil.

Brazilian states are following the recommendations of the CGU and implementing compliance programs.

Under the Anticorruption Law, corporate transactions can make one company liable for the corrupt acts of another.

The two most common forms of legal entities incorporated in Brazil are the limited liability company ("Limitada") and the corporation ("S.A.").

Law No. 13,129, dated May 26, 2015 amended the Brazilian Arbitration Act (Law No. 9,307 dated September 23, 1996) largely by enshrining therein the understanding of Brazilian courts on many of its...

After seven years in the legislative process, Law 11.638/07, which amends the Brazilian Corporations Law (Law 6.404/76) was enacted.

As promised on our article of December 6, 2012, this article deals with some additional modifications in the procedures for the incorporation, control and election of managers of financial institutions.

The possibility of parties regulating certain matters related to existing or potential court proceedings is not new under Brazilian legislation, but has been recently boosted following the enactment...

A large size company is defined as "a company or group of companies under the same control that had in the previous fiscal year: (i) total assets over R$240 million, or (ii) annual gross revenues in excess of R$300 million.

O Ministério da Economia e a Comissão de Valores Mobiliários ("CVM") editaram regulamentações, implementando novo regime simplificado para publicações de demonstrações financeiras e atos societários

Foi publicado, em 23/01/2020, ranking de percepção da corrupção da Transparency InternationaI, organização internacional que realiza uma pesquisa anual considerada ...

The Practical Guide for the Evaluation of Integrity Programs in Administrative Procedures for Recognition of Liability of Legal Entities was approved through Joint Ordinance No. 6, of September 3, 2018...

In 2021, the United Kingdom's Financial Conduct Authority announced several changes to the benchmark settings currently published by the ICE Benchmark Administration, including the cessation...

No âmbito do programa "Otimiza BC", lançado pelo Banco Central do Brasil ("BACEN") em fevereiro de 2013, cujo principal objetivo é reduzir os custos operacionais e de observância do sistema financeiro brasileiro...

The trial by the Plenary of the Federal Supreme Court on the inflation adjustment criteria, which the economic stabilization plans applied to savings accounts and now, decades later, may bring about an impact of billions of dollars to the Brazilian financial system, commenced in November 2013, and is still pending.

Through Circular No. 3772, of December 1st, 2015, the Central Bank of Brazil (Banco Central do Brasil – Bacen), hereinafter simply referred to as Bacen Circular 3772/2015, regulated the process of recognition of a foreign central counterparty (contraparte central – CPC) as qualified by Bacen.