n 2002, with the enactment of the new Brazilian Civil Code, the Brazilian Commercial Code lost much of its relevance and content, since the rules that regulated business activity were largely incorporated into the new Civil Code. More importantly, the changes introduced by the Civil Code in corporate law brought uncertainty and changes to known concepts and rules.

One of the preliminary questions raised by foreign clients in Brazilian Mergers and Acquisitions (M&A) transactions is whether the deal, from a Brazilian law perspective, should be structured as a share deal or an asset deal.

Among different conditions of the M&A agreements, the parties must define if there will be price adjustment based on the financial variations between signing and closing. In case variations are considered then the method is the one called Closing Accounts.

According to the São Paulo Industries Federation (FIESP), Brazilian investment rate for 2014 will be lower than 18% of the GDP, which in turn is lower than 2013 figures.

Sales representation agreements in Brazil are ruled by the Brazilian Commercial Representation Law (Law 4.886/65 as amended by Law 8.420/92), which covered all the aspects of the contractual relationship between the parties regarding such commercial representation.

Over the past years the theme of compliance and development of anti-corruption laws has been brought up to the top priorities of most multinational companies.

Brazilian Government extends the REPETRO until 2040 and changes tax rules pertinent to the taxation of the oil and gas industry Decree No. 9,128/2017...

The Brazilian Securities and Exchange Commission [Comissão de Valores Mobiliários - "CVM"] enacted on November 26, 2013, CVM Regulation No. 540, to amend CVM Regulation No. 391 of July 16, 2003, as amended ("CVM Regulation 391"), which regulates the equity funds ["fundos de investimentos em participações - FIP"), intended to boost investments in small- and medium-sized companies.

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.

On September 12, 2017, a new system for computer program registration, fully operated through the internet, will be launched.

With the huge sports events hosted by Brazil getting closer, one issue has been constantly discussed in the media and attracting most of the population's attention: the lack of structure of Brazilian airports and its consequences on the day-to-day routine of all those resorting to this means of transportation.

The Brazilian anti-Corruption Law (12.846/13), enacted as a resulted of international criticism and nonconformity of the Brazilian society to uneventful corruption scandals in all government branches.

As a rule, Brazilian trademark law protects only the trademarks in market segments in which the registration was granted by the Brazilian Patent and Trademark Office ("BPTO").

The major step to be taken by the Brazilian government regarding its future tax reform is to raise awareness of the role it has to play in the globalized world. Despite all the efforts to import transfer pricing widely applied rules to Brazil, local tax policy does not seem to take law and business globalization seriously enough.

For decades cigarette smoking has been a polemical and controversial subject, either due to the damages attributed to tobacco consumption or to the restrictive policies applied to the product.

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.

There is a wide spread consensus among economists that the Brazilian economy will be in recession in 2016 with a potential reduction of 3% of its GDP. The slowdown of the economy is mostly felt by industrial sectors.

It is common practice in the labor market the expatriation of foreign executives to Brazil (called 'expatriates'), coming from companies outside Brazil.

It is not rare that, in Brazil, federal, state and municipal governments reduce fine and interest of taxes under their taxing power in relation to amounts owed and overdue by their taxpayers, ..

Contrary to what has been reported by the press, the changes resulting from last April's enactment of Constitutional Amendment no. 87 do not affect the so-called e-commerce only.