Arbitration and the new Franchise Act
Sanctioned in December 2019, Brazil’s New Franchise Act (Law No. 13.966/19) will come into force in March 2020 (revoking Law No. 8,955/94). The New Franchise Act innovates by expressly allowing parties to choose arbitration as a means to resolve disputes arising from franchise agreements[1], including international franchise agreements[2]. This puts an end to a […]
Annual Approval of Financial Statements
The legal deadline for annual approval of the financial statements is due course. Brazilian corporate law determines that on an annual basis, in the first 4 (four) months following the end of the fiscal year, the accounts of the management shall be taken, as well as the financial statements discussed and voted on. To this […]
São Paulo government holds the major highway auction in the country
1/30/2020 The Consórcio Infraestrutura Brasil won an auction to operate for 30 years a highway in the Brazilian state of Sao Paulo after a bid of 1.1 billion reais ($270.42 million). The so-called Pipa is the largest public road concession ever put up for auction in Brazil. The contract covers a total of 1,273 kilometers of […]
Revocation of the Parental Alienation Act is under debate
Ten years ago, the Parental Alienation Act, also known by the local acronym “LAP” (Law No. 12.318/2010) was enacted to prevent parents, grandparents and carers from negatively influencing the psychological formation of the child or teenager. Punishment for parental alienation may vary from custody change to, in the extreme case, suspension of the parental authority […]
The challenges of the antitrust analysis of multisided platforms
Digital markets are dynamic in nature. They are constantly innovating, creating the need for traditional systems to adapt to accommodate any disruption they may cause in already settled systems. This is also true when it comes to antitrust analysis, as traditional tools may not remain sufficient to analyze multisided platforms, and this may impact […]
Registration validity period is extended for personal care products, cosmetics and perfume
A resolution published by the Brazilian health surveillance agency Anvisa significantly enlarging the registration validity period of personal care products, cosmetics and perfume from 5 to 10 years is now in force (Plenary Board Resolution – RDC – No. 312, published on October 16, 2019). Personal care products, cosmetics and perfume are generally free from […]
