BRAZIL : Issuance of Debentures by Limited-Liability Companies (Ltda.)
August 2020 – Brazil – Rossetti Advogados Bill No. 3.324/20, submitted by senator Flávio Bolsonaro (Republicanos-RJ), was presented last June 15, with the participation of various corporate law scholars, in order to expressly authorize the issue of debentures by limited-liability companies and cooperatives. Currently, these bonds may only be issued by joint-stock companies (S.A.), even