Nosso advogado da área de Mercado de Capitais Augusto Simões teve artigo sobre a securitização dos créditos de reciclagem publicado ontem (28) pelo Valor Econômico.

Until recently, a UCITS generally could only invest up to 35% of its net asset value in securities issued or guaranteed by any non-OECD government issuer (other than Singapore).

The Brazilian Monetary Council (Conselho Monetário Nacional - CMN) approved a resolution allowing banks authorized to operate in the foreign exchange market, with a minimum net worth of R$ 5 billion, to use funds raised in foreign markets to extend credit abroad. The matter is provided for in CMN Resolution No. 4033 of November 30, 2011 (Res. 4033/2011).

The Brazilian Securities and Exchange Commission (CVM) published Instruction CVM 406, dated April 27, 2004, which regulates a new investment fund. This is a hybrid fund combining private equity and debt. The rules have been designed specially to fit in the Bradesco-tailored investment fund (whose temporary name is Brazil Infrastructure Investment Fund - BIIF) whereby the Interamerican Development Bank (IADB) will investment US$ 500 million in Brazilian infrastructure projects this year.

According to Communiqué No. 21,124, of Mary 31, 2011, issued by the Department of International Matters of the Central Bank of Brazil ("Banco Central do Brasil" - Bacen), Bacen signed a bilateral agreement with the Central Bank of Argentina ("Banco Central de la Republica Argentina") for the ongoing operations of international trade in services which are necessary in connection with the performance of civil engineering works for the construction of infrastructure and industrial plants, includin

As a result of the reduction of the liquidity in the international market, which affects the raising of loans abroad by Brazilian borrowers and the inflow of foreign currency funds into the country, the Brazilian government decided to reduce from five to two years the term of the transactions which are subject to the Brazilian Tax on Exchange Transactions (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários - IOF) at the rate of 6%.

For the second time this year, by means of Decree No. 7698, of March 9, 2012 (Decree 7698/2012), published in the Official Gazette of the Union of March 12, 2012, the Brazilian Federal Government decided to increase from three to five years the term of the foreign currency loans which are subject to the tax on exchange transactions (IOF) at the rate of 6%.

Please find below information about a deal closed on Friday (August 31) and publicly announced today (September 5):

New rule allows the linkage of book-entry invoices and real estate receivables to dynamic payment slips, enhancing security...

On April 28, 2010, the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA S.A – Bolsa de Valores, Mercadorias e Futuros – BVMF) announced that the first 10 Non-Sponsored Brazilian Depositary Receipts (BDRs) Level I, which represent stocks issued by foreign companies that are traded in Brazil, will be: Apple (click link below to read more)

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.

Two Instructions have been issued to date by the Brazilian Securities and Exchange Commission (CVM) to regulate the reporting of information about several kinds of investment funds, they are: Instructions CVM No. 405 and CVM No. 407, of February 27 and May 10, 2004, respectively. Instruction CVM No. 407 is actually a slight adjustment of Instruction CVM No. 405.

On March 24, 2010, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) and the Central Bank of Brazil (Banco Central do Brasil – Bacen) adopted a series of measures to consolidate and simplify the normative acts and proceedings applicable to the international capitals and the exchange market regulations in our jurisdiction.

On April 26, 2021, the Central Bank of Brazil (BCB) launched a new public consultation (No. 86/2021, the "Consultation") on a proposed regulation for mandatory disclosure of social, ..

The Brazilian Securities and Exchange Commission (CVM) has issued Instruction No. 600, which provides for the public offering of Agribusiness Receivables Certificates (CRA) and was implemented on 1 November 2018.

As of December 19, 2011 the Brazilian Exchange (BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros - BVMF) started the daily calculation and publication of a new indicator for the spot foreign exchange (FX) market named Reference Exchange Rate (Taxa de Câmbio de Referência – TCR), which is available on the BVMF website.

On March 29, 2012, the Brazilian Monetary Council (Conselho Monetário Nacional – CMN) decided to amend the provisions of CMN Resolution No. 2723, of May 31, 2000 (CMN Res. 2723/2000), which sets forth detailed rules, conditions and procedures for installing dependencies abroad and for the direct or indirect equity interest in Brazil or abroad by financial institutions and other entities authorized to operate by the Central Bank of Brazil (Banco Central do Brasil – Bacen).

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

Nova norma permite a vinculação de duplicatas escriturais e recebíveis imobiliários a boletos de cobrança dinâmicos, com mais segurança...

Due to the current economic situation in Brazil, companies - motivated by the expensive credit or even lack of credit - are increasingly seeking alternatives to improve their cash flows.