New Guarantee Framework Last October 31, president Luiz Inácio Lula da Silva signed into law the so-called “Guarantee Framework,” Law No. 14.711 of October 30, 2023, which establishes new rules for the use of assets to guarantee loans. The purpose of the new rules implemented by the Guarantee Framework is to simplify repossession of the
On November 19, Argentine voters elected Javier Milei President of the Argentine Republic. Milei, an outsider with little political experience, is known for his “liberal” (in the Milton Friedman sense of the word) economic stances and his passionate televised appearances. His zealous repudiation of Argentina’s history of government intervention in the economy and redistribution of
The Federal Supreme Court (STF) declared the constitutionality of the rule set forth in Law No. 9.514 of November 20, 1997 (Law No. 9.514/97), which allows banks or financial institutions to repossess properties in the event of default of home loan installments without the need to go to court. The discussion involves a law enacted
Companies and investors are increasingly taking environmental, social, and governance (ESG) factors into account as they make investment decisions. But worldwide, and especially in emerging markets like Argentina, such standards can only take hold with a serious focus on compliance. The Growing Influence of ESG Criteria Sustainable development is the idea that humanity’s future rests
Last September 19, the Senate approved the bill (PL No. 2.646/2020) that creates infrastructure debentures, to be issued by public-utility companies. Debentures are negotiable instruments representing loans issued by companies and may be acquired by individuals or legal entities on the market, remunerated by interest and adjustment for inflation until full payment. The bill provides
On August 21, 2023, the Brazilian Securities Commission (CVM) disclosed Guiding Opinion No. 41/2023, the purpose of which is to provide general guidelines on Football Corporations (SAF) and the Securities Market. Law 14.193 of August 6, 2021, also known as “SAF Law,” introduced the SAF in the Brazilian legal scenario, allowing the incorporation of joint-stock
