What would be the effect of the coronavirus pandemic on business agreements governed by Brazilian law? The Brazilian Civil Code contains some provisions that could be in theory invoked in the current context. But for such purpose we must ask: Would the pandemic be an “act of God” or “force majeure” event? Would it be […]
For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as […]
Read moreAuthor Angelo Roni F. Gomes Individual agreements with immediate effect shall not be overridden by Unions The Supreme Court voted 7 – 3, last Friday, 17th, on a decision contrary to what had been determined by Minister Ricardo Levandowski in a preliminary decision by means of a direct action on unconstitutionality (ADI 6363). The endorsement of […]
Introduction From the outset, Brazil’s transfer pricing rules, which took effect on 1 January 1997, have been very controversial. Contrary to the Organization for Economic Co-operation and Development (OECD) Guidelines, the transfer pricing rules introduced by Brazil’s do not adopt the internationally accepted arm’s-length principle. Instead, Brazil’s transfer pricing rules define maximum price ceilings for […]
QUESTION ONE – When representing a client with significant business activities in foreign jurisdictions, what are some key risk-related concerns that arise in a cross-border context and how can a parent company minimise such risk? Whenever a client conducts business in multiple jurisdictions it is important to understand the types of risk that prevail in […]
Many companies look to grow their business through mergers or acquisitions of companies outside their own country and while this brings many opportunities it can also bring risks. But with […]
Read moreNeil Montgomery of Montgomery & Associados recently met with Noreen Weiss of MacDonald Weiss PLLC and Thomas M. Lancia of THOMAS M. LANCIA PLLC. Neil is IR Global’s exclusive Commercial Law member in Brazil, Noreen is IR Global’s Commercial Law member in US-New York and Tom is IR Global’s exclusive Employment Law (Corporate) member in […]
It is known that Brazil is interested in becoming a member of the Organization for Economic Cooperation and Development (OECD) and one of the steps for this is the adhesion to the OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations. In this regard, in early February 2020 the Brazilian Securities Commission […]
Dear IR Members and colleagues I would like to thanks all the IR members, who attended the Conference in Miami. It was my first experience at IR Global and I was very Impressed for the numbers of attendees and the quality of the Conference. I would like to keep in touch with members that I […]
The beginning of the year is a favorable moment to reflect and to plan. After reflecting upon the recent trends in legislation and in the economic environment, we have selected a few themes that we understand to be relevant for financial institutions and other financial services organizations in Brazil in 2020. 1 – Tax Reform: […]
