Category: LexLive

BRAZIL: NEW LEGAL FRAMEWORK FOR STARTUPS

July 2021 – Brazil – Rossetti Advogados Last June 2, the President of Brazil sanctioned Supplementary Law No. 182/2021, which institutes the Legal Framework for Startups and Innovative Entrepreneurship. The purpose of this law is to establish, in Brazil, a facilitated regulatory environment for innovative companies to be able to engage in their activities. Pursuant to

BRAZIL: GOVERNMENT ENACTS PROVISIONAL MEASURE THAT IMPROVES THE BUSINESS ENVIRONMENT IN BRAZIL

May 2021 – Brazil – Rossetti Advogados Provisional Measure No. 1.040 (“MP 1.040”), signed by President Jair Bolsonaro, was published last March 30, 2021, proposing amendments to the law for the purpose of modernizing and streamlining the business environment in Brazil. Among other provisions, MP 1.040 provides on the simplification and streamlining of company formation,

BRAZIL:ANNUAL APPROVAL OF MANAGEMENT DOCUMENTS

April 2021 – Brazil – Rossetti Advogados In Brazil, pursuant to article 132 of Law 6.404/76 (“Corporation Law“) and to article 1.078 of the Brazilian Civil Code, corporations and limited-liability companies must, at least once a year, during the four months following the end of their fiscal year, call and hold the Annual Shareholders’ Meeting