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.
Paramount amendments to the Mexican Stock Exchange Act (Ley del Mercado de Valores or LMV) and the Investment Funds Law (Ley de Fondos de Inversión or LFI) will be enacted, aiming to improve access for small and mid-sized companies to capital markets and expanding investment opportunities. Although Mexico made some important progress in developing its
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
Ruling 2/2022 by the Argentine Federal Tax Authority (AFIP) reinterpreted existing legislation to hold cryptocurrencies subject to personal property tax. Does this make sense? Can the government and the taxpayer agree on when and how to calculate the tax? How Crypto is Taxed Globally As investment in cryptocurrencies grows, governments have responded in wildly different
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
As you all may know, today Tesla Motors Corporation has announced that it will invest in Mexico, particularly in Monterrey, Nuevo Leon in order to build a mega factory where it will produce the Mode 2. Likewise, Mexican Government has launched an ambitious project to promote lithium production. We would like to highlight some of
