On December 22, 2022, Law No. 14.478/2022, which regulates the market for crypto assets in Brazil, was signed into law. The new rule defines virtual assets, lays down general guidelines for the provision of virtual asset services, and includes in the Penal Code the crimes of fraud with the use of virtual assets, securities, or
February 2023 – Rossetti Advogados The new legal framework for the Brazilian exchange market took effect last December 31, 2002. It was established by Law 14.286 of 2021, which changed the rules for currency transactions in Brazil, abroad (for Brazilians), and the form of provision of information to the Central Bank of Brazil. The new
Last November 22, the Brazilian House of Representatives approved Bill No. 3401/2008, which changes the rules on the liability of members and managers for companies’ debts. In the Brazilian law, the legal personality of a company and that of its members and managers are deemed separate, and therefore the assets and obligations of one and
November 2022 – Brazil – Rossetti Advogados Law No. 14.451 was published on September 22, 2022, amending articles 1.061 and 1.076 of the Brazilian Civil Code, which relate to the quorum necessary to pass resolutions in limited-liability companies with respect to certain matters. Article 1.061 of the Brazilian Civil Code provided that the quorum to
October 2022 – Brazil – Rossetti Advogados In recent years, ESG (Environmental, Social and Governance) issues have gained more and more strength in the business world. In fact, consumers and investors began to prioritize, and even only consider, in their consumption and investment patterns, companies committed to environmental and social sustainability practices. However, what was
August 2022 – Brazil – Rossetti Advogados The Central Bank of Brazil approved, on July 19, public consultation notice No. 91/2022, about a proposed normative act to regulate foreign capital in Brazil regarding foreign credit transactions and direct foreign investment. According to the Central Bank, the proposal seeks, first, to regulate certain aspects of the
