As from last March 1st, companies throughout the country will have ninety (90) days to voluntarily register in the Electronic Judicial Domicile, a tool of the electronic platform “Programa Justiça 4.0” that centralizes communications of proceedings of all Brazilian courts in a single digital platform. After May 30, registration will be mandatory, based on data
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.
Last November 22, the Brazilian House of Representatives approved Bill No. 3401/2008, which changes the rules on the liability of members and managers for companies’ debts. In the Brazilian law, the legal personality of a company and that of its members and managers are deemed separate, and therefore the assets and obligations of one and
May 2022 – Austria – TAIYO Legal In order to circumvent the capital raising requirements of the Austrian Limited liability company (GmbH), it was common practice for Austrian businesses to establish a Limited Liability Company in the UK. Once the LLC was established for a few Euros, a branch office was set up in Austria. The main business then
May 2022 – Brazil – Rossetti Advogados The National Corporate Registration Department of the Ministry of Economy (“DREI”) enacted, by means of Normative Instruction No. 112 of January 20, 2022 (“IN No. 112”), measures that change the rules for the public registration of companies, seeking to benefit businesspersons and entrepreneurs. One of the measures is
纳斯达克对受限市场公司 提议新增挂牌要求 On May 18, 2020, Nasdaq Stock Market (“Nasdaq” or the “Exchange”) filed three proposals with the Securities and Exchange Commission (“SEC”) to (i) apply additional initial listing criteria for companies primarily operating in “Restricted Market” (defined below), (ii) adopt a new requirement relating to the qualification of management or board of director for
