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BRAZIL: The Central Bank of Brazil publishes rules on the operation of the Regulatory Sandbox

December 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil and the National Monetary Council published, on October 26, 2020, Central Bank (BC) Resolution No. 29 and National Monetary Council (CMN) Resolution No. 4.865, to establish rules relating to the conduction of experiments in a Controlled Environment, named regulatory Sandbox, in which authorized companies may test, under certain conditions, projects that…

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BAZIL: New directions for governance?

Article published at the Brazilian reputable business newspaper “Valor Econômico” On October 23rd, 2020 Written by Maristela SA Rossetti The COVID-19 pandemic has affected not only the economy, but also various social, political and cultural dynamics in Brazil and worldwide. The adoption of confinement as one of the main strategies to combat the spread of…

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USA: How Have Closed Borders Impacted International Business?

William Rosenstadt is a partner and co-founder of Ortoli Rosenstadt LLP, and head of the firm’s capital markets and securities practice.  As international lawyers who have born witness to numerous shifts and adjustments during our careers, my partners and I certainly expected that of all things brought on by the coronavirus, closed borders would result in restricted…

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USA: IRS Issues Guidance on Deferral of Employee Social Security Taxes

On August 28, 2020, the Internal Revenue Service issued Notice 2020-65 (the “Notice”) to provide guidance on implementing the employee payroll tax deferral contained in President Trump’s Presidential Memorandum of August 8, 2020. The Notice authorizes, but does not require, employers to defer withholding and payment of the 6.2% employee-paid Social Security tax on wages…

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BRAZIL: The General Data Protection Law takes effect – changes and effects of the law

October 2020 – Brazil – Rossetti Advogados Law No. 14.058/20 was sanctioned last September 18, 2020. It resulted from the conversion of Provisional Measure No. 959, dated April 29, 2020, which regulated the general part of obligations of the General Data Protection Law – Law No. 13.709/18(“LGPD”). Thus, the legal framework governing the use, protection and transfer of personal data…

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USA: Are The US And China Tensions Affecting Business?

For the past three years, the trade war between the U.S. and China has placed economic stress on the two economic powerhouse countries. However, the trade pact that the two countries reached in January 2020 seemed to alleviate some of that pressure and even hinted that economic and political tensions might be on a path…

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