Publications
The Brazilian Securities and Exchange Commission (CVM), through Public Hearing SDM No. 07/19, proposes to regulate, pursuant to article 291 of the Brazilian Corporations Law, a scale to reduce the percentage of share capital provided for in paragraph 4 of article 159. The objective of the draft instruction, currently under review by the agency is to make it easier for minority shareholders to file civil liability suits against officers and directors. If approved, the draft may have some impacts, which are analyzed below.
On February 6, the Brazilian Securities and Exchange Commission (CVM) issued Instruction No. 619, which amends specific issues of Instruction No. 592/17 (on the activity of securities consulting), to expressly allow investment consultants based abroad to operate in Brazil.
Discussions related to working hours and control thereof are extremely relevant for companies in Brazil, due to the large number of lawsuits in the Labor Courts involving the payment of overtime, a problem historically related to two factors:
The year 2019 was marked by great uncertainties and numerous challenges for Brazilian environmental law. Changes and legislative developments and events throughout the year have generated various demands, actions, and business opportunities in relation to various topics, such as mining and dams, climate change, fires and deforestation, solid waste, environmental licensing, and economic development with sustainability.
As a legal advisory firm with a strong presence in the business area, we have been able to perceive with great sensitivity the moments of change in investors' mood towards Brazil's economy. The most recent one, no doubt, started in the second half of 2019 and has been intensifying in the beginning of this year, driven by an atmosphere of more optimism and confidence in Brazil.
Law No. 13,709/18, or the General Data Protection Law (LGPD), expressly consolidates the principles and rules of a positive framework for data protection in Brazil. Although it will only take effect on August 16, 2020, many of its rules are based on the current legal system. Practically all economic activities will be subject to the application of the LGPD, since the performance of any data processing operation[1] is enough for the standard to find factual support. In this article we specifically analyze the advertising industry,[2] more specifically children's advertising, and the processing of personal data of minors for this purpose.
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