On August 21, 2023, the Brazilian Securities Commission (CVM) disclosed Guiding Opinion No. 41/2023, the purpose of which is to provide general guidelines on Football Corporations (SAF) and the Securities Market. Law 14.193 of August 6, 2021, also known as “SAF Law,” introduced the SAF in the Brazilian legal scenario, allowing the incorporation of joint-stock
Last July, the Chamber of Deputies approved in two rounds Constitutional Amendment Bill No. 45/19 (PEC), which proposes the long-awaited tax reform in Brazil, accompanied by a new tax structure. The PEC will now be forwarded to the Senate, where it will probably be voted on in the second half of this year, after the
The Ministry of Finance sent to the Brazilian Congress Bill No. 2.925/23, which is considered one of the most important amendments to the Corporation Law (Law No. 6.404 of December 15, 1976 – “Corporation Law”) of the last two decades. In addition to amending the Corporation Law, the bill also proposes amendments to Law 6.385/76,
In a recent decision, the 1st Reserved Chamber of Corporate Law of the São Paulo Court of Appeals authorized levy of execution upon property of two members of a company for the payment of assets to a former member, due to enforcement of an action for partial dissolution of the company. The action for partial
By means of a preliminary injunction, the Federal Supreme Court (“STF”) justice André Mendonça stayed the processing of all actions in Brazil that challenge the legality of Federal Law No. 5.709 of October 7, 1971 (“Law 5.709/1971”) and of Decree No. 74.965 of November 26, 1974, which govern the purchase of rural properties by foreigners.
April 2023 – Rossetti Advogados In a recent trial, the 3rd panel of the Superior Court of Justice (STJ) (REsp 1.824.891) decided that large-sized limited-liability companies, which are those that had, individually or jointly with other companies under common control, in the previous fiscal year, total assets equal to or in excess of R$240,000,000.00 or annual gross
