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 – Israel – Granot-Speiser On June 8th, 2020, the Office of the Attorney General of the State of Israel (the “Attorney General“) submitted its position on the existence of cause of action when monopolies charge high unfair prices for goods, and its application in Israel. The issue arose in a motion to certify a class-action against the
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,
April, 2020 – Israel – Granot-Speiser Due to the COVID-19 outbreak, major limitations were imposed by the Israeli government. Some are obligations imposed on non-essential workplaces such as: function halls, restaurants, and gyms, to shut down their operations at their workplace entirely, other business such as: law firms and high tech companies need to reduce