Published on July 1, Resolution No. 168 of the Superior Council of the Labor Prosecution Office (CSMPT) instituted the National List of Convictions for Human Trafficking or Submission of Workers to Conditions Comparable to Slavery in suits filed by the Labor Prosecution Office.

Signed into law by President Jair Bolsonaro with a partial veto, Executive Order (MP) No. 863/18 was converted on June 17th into Law No. 13,842, which extinguished the 20% limit on the participation of foreign capital in Brazilian airlines.

Executive Order No. 881 (MP 881), issued on April 30 of this year, aims to ensure and foster economic freedom in Brazil, as well as reduce bureaucracy in various industries.

Last month the Brazilian Federal Senate approved the Legislative Decree Bill (PDL) No. 98/2019, regarding Brazil's accession to the Madrid Protocol and its Common Regulations, in order to facilitate the international registration of trademarks. The promulgation of the presidential decree on the agreement and the deposit of the accession instrument with the World Intellectual Property Organization (WIPO) are still pending.

In late June the CVM (Brazilian Securities and Exchange Commission) published four new rules establishing a new regulatory framework for procedures related to sanctioning actions by the authority. The first of them was CVM Instruction No. 607, of June 18. A week later, it was followed by CVM Instructions No. 608 and No. 609, which update the framework and the values for punitive fines, consolidating the applicable values of fines into a unified standard, and CVM Resolution No. 819, which amends procedures applicable to appeals to boards of the body against decisions issued by its commissioners.

Discussions on the issue of regulating the process of acquisition of rural real estate by foreigners should gain momentum following the presentation to the Federal Senate of Bill No. 2,963/19, dating from the end of May of this year. The text of the bill addresses various problems that the market faces with current laws and regulations, which depends on an extremely bureaucratic, uneven procedure and no operational resources for its implementation. All of this makes the acquisition process time consuming and affects the legal security of investment projects.