Brazil

Brazil: Supreme Court Decision Reinforces Limits on the Application of Foreign Laws

8 October 2025

Last August 18th, a decision by Supreme Court Justice Flávio Dino (ADPF 1.178) gained prominence, establishing an important precedent for foreign companies operating in Brazil or entering into international contracts involving the country. The decision reinforces that foreign laws cannot be automatically applied within Brazilian territory, except in cases where there is specific court authorization…

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Brazil: Third-Party Funding: Current Scenario and Challenges in Brazil

7 July 2025

Litigation funding — internationally known as Third-Party Funding (TPF) — has been gaining increasing prominence in the Brazilian legal context. This topic, which has already drawn the attention of courts, arbitral institutions, and investors, was recently discussed at the 13th Brazilian Congress on Commercial Law, held on May 15–16, 2025, at the headquarters of the…

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Brazil: New Guarantee Framework

5 December 2023

 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…

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Brazil: Senate approves bill that creates Infrastructure debentures.

4 October 2023

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…

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Brazil: Brazilian Chamber of Deputies approves the Tax Reform PEC

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…

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Brazil: Bill proposes amendments to the Corporation Law

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,…

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