Reduction of the quorum for approval of relevant matters in limited liability companies
10/5/2022 On September 22 Law No. 14.451/22 was published, which amended articles 1.061 and 1.076 of the Brazilian Civil Code and reduced the quorums for approval of the following matters regarding limited liability companies: (i) appointment of non-quotaholder as officers, (ii) take over, (iii) merger, (iv) dissolution, (v) lifting of the liquidation, and (vi) amendment […]
Brazilian Financial Activities Control Council (COAF) starts its Electronic Conformity Assessment for jewelry, trade on luxury goods and negotiations involving athletes or artists
On August 3, 2022, the Brazilian Council for Financial Activities Control (COAF) launched its Electronic Conformity Assessment Form– AVEC 2022 to assess the level of compliance of certain sectors of the industry toward obligations to prevent both money laundering and financing of terrorist activities (Coaf Resolution No. 36/2021). The main procedure is based on an […]
Climate Week NYC 2022: challenges and the lessons learned
9/22/2022 It is a busy week in New York with Climate Week NYC 2022, running from September 19 to 25. This year’s theme is “Getting it Done”, calling the participants to debate practical directions to achieve by 2030 the sustainability and Net-Zero emissions goals. It is definitely an urgent matter and there is no time […]
New rules for financial institutions’ authorization and operation of before Bacen
8/30/2022 The Resolution of the National Monetary Council (“CMN”) No. 4,970, of November 25, 2021 (“Resolution”), regulates the authorization processes related to the functioning of financial institutions and other institutions regulated by the National Monetary Council, specified in its 1st article, among them: savings and loan associations; commercial banks; exchange banks; development banks; investment banks; […]
Renunciation of inheritance
8/30/2022 On August 9th, 2022, it was announced that Ms. Marlene Engelhorn, heiress of the BASF German group, renounced 90% of the billionaire estate left by her grandmother (Euro 4.2 billion), explaining that she had never contributed nor participated in her family businesses. Furthermore, as one of the founders of ‘Taxmenow’, Engelhorn supports the taxation […]
Anvisa e o aprimoramento regulatório dentro do cenário de Liberdade Econômica
30/8/2022 Como é de conhecimento de todos, a CONSTITUIÇÃO DA REPÚBLICA FEDERATIVA DO BRASIL DE 1988, em seu artigo 170, define que a ordem econômica, fundada na valorização do trabalho humano e na livre iniciativa, tem por fim assegurar a todos existência digna, conforme os ditames da justiça social, mediante a observação de diversos princípios […]
