Publications
Partners, shareholders, or associates will be able to send a remote voting ballot or participate in the meeting remotely using an electronic system accessible to all.
TJ-SP has developed a pre-trial conciliation and mediation option for business disputes, which can avoid overloading the courts and offer a faster and more effective response to disputes caused by the pandemic.
The bill does not take into account that many companies, without a demonstrable economic justification, may stop any payments to creditors knowing that, within the period of extraordinary legal protection, they will be immune to the ordinary legal measures provided for the Brazilian legal system and contracts.
Companies that had already adapted their practices, procedures, and policies according to Executive Order 905/2019 should adjust such changes again due to its revocation. A new Executive Order will likely deal only with the Green and Yellow Employment Contract.
The state of public calamity in Brazil has loosened State financial controls. The measure may help to reduce the economic impacts of the covid-19 pandemic, but it ends up exposing the national budget of Brazil to the default risk.
Given the difficulties caused by the covid-19 pandemic, the market authority has extended to other issuers the new deadlines granted to publicly-held companies for releasing annual financial statements and quarterly reports.
Page 145 of 238
