13 September 2023
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…
7 September 2023
A recent ruling by the Commercial Court of Appeals in the case of González v. Pinto1 has reverberated throughout the business world. The ruling holds that a debtor may cancel a dollar- denominated obligation by paying a like sum in Argentine pesos at the official exchange rate plus 30%. The decision is noteworthy because that…
17 August 2023
On August 13, Argentina held its open primary elections (Elecciones Primarias Abiertas Simultáneas y Obligatorias or “PASO”). While the ostensible goal of the PASO is to narrow intra-party competition, its accessibility to all voters often serves as straw poll on overall popularity and, therefore, general election outcomes. The Political Fallout 69% of eligible voters participated. …
8 August 2023
Know Before They Go The global tendency of remote working combined with Argentina’s current economic distress make the City of Buenos Aires a tempting destination for those who can live distant from their employer. Clients frequently consult us on remote work arrangements and we thought this primer would be a useful first step toward understanding…
8 August 2023
Last July, the Chamber of Deputies approved in two rounds Constitutional Amendment Bill No. 45/19 (PEC), which proposes the long-awaited tax reform in Brazil, accompanied by a new tax structure. The PEC will now be forwarded to the Senate, where it will probably be voted on in the second half of this year, after the…
14 July 2023
The Ministry of Finance sent to the Brazilian Congress Bill No. 2.925/23, which is considered one of the most important amendments to the Corporation Law (Law No. 6.404 of December 15, 1976 – “Corporation Law”) of the last two decades. In addition to amending the Corporation Law, the bill also proposes amendments to Law 6.385/76,…
16 June 2023
While much of the world routinely attracts and retains talent through equity compensation, Argentina continues to struggle to bring its laws and judicial interpretations of them into the 21st century. Equity compensation is an umbrella term for stock grants, stock options, phantom shares, and other tools that reward loyalty and performance. This article takes a…
15 June 2023
The Upcoming Argentine Presidential Elections This year, Argentina will elect a new president, vice president, and members of congress. Understanding the country’s electoral process and the concerns that drive voter choices is crucial. Here is what you should know about the upcoming Argentine presidential elections. Overview of the Electoral Process In 2023, Argentina will elect…
7 June 2023
In a recent decision, the 1st Reserved Chamber of Corporate Law of the São Paulo Court of Appeals authorized levy of execution upon property of two members of a company for the payment of assets to a former member, due to enforcement of an action for partial dissolution of the company. The action for partial…
15 May 2023
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….
