Lara

Limited Liability Companies Gain Access to Debentures: A New Financing Alternative for International Groups in Brazil

On February 9, 2026, the National Department of Business Registration and Integration (DREI), the federal agency responsible for guiding and standardizing the activities of the Commercial Registries throughout Brazil, issued Circular Official Letter SEI No. 92/2026/MEMP, accompanied by Technical Note SEI No. 135/2026/MEMP. The document instructs the Commercial Registries to accept the registration of issuances…

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His Holiness Comes to Argentina: How That Affects Your Workforce

The Argentine Government has declared (*) the official visit of Pope Leo XIV to be of “national interest” and has decreed three public holidays, at least one and possibly all of which will affect your workforce.  Monday, November 9, is a national holiday. All employees nationwide have the right to take the day as a…

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Argentina’s Rural Land Law Update

Did the Argentine Supreme Court Endorse the Milei Administration’s Policy? (Spoiler Alert: No.) On September 29, the Argentine Supreme Court dismissed a case brought by a Malvinas veterans special interest group that had obtained an injunction to overturn the repeal of Argentina’s restrictions on foreign ownership of rural land. The decision reopens Argentina’s rural land…

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Argentina’s Citizenship-by-Investment Program: Executive Policy Meets Constitutional Constraints

Argentina’s announced citizenship-by-investment program promised foreign investors a potential pathway to citizenship. Two developments in 2026 have made its future increasingly uncertain. The Government Rethinks Implementation In April 2026, the Government suspended the international tender that had been launched to engage a consulting firm to design, implement and promote the program. According to the Ministry…

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New regulation strengthens transparency and expands ultimate beneficial owner reporting requirements for entities in Brazil

Brazil has recently updated the regulations governing the identification and reporting of ultimate beneficial owners (UBOs), i.e., the individuals who ultimately own, control, or exercise significant influence over entities, including companies, investment funds, and not-for-profit organizations. The Brazilian Federal Revenue Office issued Normative Instruction RFB No. 2.290/2025, which amended Normative Instruction RFB No. 2.119/2022 and…

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Two STJ Rulings Strengthen Legal Certainty for Investors in Brazil

Two recent decisions by the Superior Court of Justice (STJ), Brazil’s highest court for ensuring uniform interpretation of federal law, address issues of particular importance to those investing in Brazil from abroad. The first concerns how a foreign company may be validly served process in a Brazilian lawsuit. The second establishes when the personal assets…

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Argentina’s Corporate Rules Are Changing: The 2026 Reforms and What May Come Next

Argentina’s corporate law reform agenda gained momentum in 2026. The Inspección General de Justicia (IGJ), the Superintendency of Corporations of the City of Buenos Aires (the country’s most prominent corporate regulator), introduced a broad package of rules to simplify corporate procedures, reduce administrative burdens and accelerate the transition to a digital registry. The process began…

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Economic Origin of Medical Devices: Key Criterion in European Public Procurement and FDI Screening

By Teodora KOLETSIS, Partner GRUIA DUFAUT & ASOCIATII The entry into force of Implementing Regulation (EU) 2025/1197[1] in June 2025 marks a significant shift in the public procurement of medical devices. For the first time, under the International Procurement Instrument (IPI), the European Commission has adopted a measure restricting the access of economic operators and…

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