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
September 2020 – Brazil – Rossetti Advogados The new coronavirus (Covid-19) pandemics led to an unprecedented economic crisis in most of the industries in Brazil and worldwide. However, the Brazilian real estate industry managed to rapidly overcome the crisis provoked by the pandemics and is currently recovering, driven by the low interest rates in the
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
July 2020 – Brazil – Rossetti Advogados Law No. 14.010/20 was published on June 10, 2020 to establish the Emergency and Temporary Legal System (“RJET”) of legal relationships governed by private law for the duration of the covid-19 pandemics. Such Law amends various rules, including the Civil Code, the Consumer Protection Code, the General Personal Data Protection Law and the Lease Law. The idea
June 2020 – Brazil – Rossetti Advogados The Central Bank of Brazil (“Bacen”) and the National Monetary Council (“CMN”) jointly enacted Joint Resolution No. 01, of May 4, 2020 (“Joint Resolution”), setting forth the basic rules for implementation of the Open Financial System (“SFA”) or, as known, the “Open Banking” model in the National Financial System. The
May 2020 – Brazil – Rossetti Advogados Due to the adversities caused by the Covid-19 pandemic, the Corporate and Integration Registration Department (DREI) published, on April 14, 2020, Normative Instruction No. 79 (“DREI Instruction No. 79”), which sets forth the rules for remote participation and voting in meetings of closely-held corporations, limited-liability companies and cooperatives,
