International Deal Making – Assisting Acquirers

QUESTION ONE – In your experience, what are the key considerations that international clients should have the front of mind when assessing a target company for acquisition in your jurisdiction? It is important to understand the local market practices and see if the planned business model will work in Brazil. It is usually necessary to adapt the business […]

Adriano ChavesPartner, CGM Advogados

Cecilia Vidigal Monteiro de Barros (IR Global’s exclusive Competition Law Member in Brazil) joins Mattos Engelberg Advogados

Cecilia Vidigal Monteiro de Barros, who is IR Global’s exclusive Competition Law member in Brazil, has recently made the decision to join Mattos Engelberg Advogados.  We wish Cecilia the best of luck at her new firm, and truly believe she will bring a wealth of experience to Mattos Engelberg Advogados and will have tremendous success […]

Legality of intermittent work in Brazil

On August 2019 the 4th Panel of the Brazilian Superior Labour Court (TST) dismissed the claim brought by a store assistant to have his intermittent employment agreement with a retail chain being declared “as an employment agreement for an indefinite term”, with the consequent payment of full salary for the entire period. This decision was issued […]

Neil MontgomeryPartner, Montgomery & Associados

Poker and Brazilian Labour Courts

Two recent decisions issued by Brazilian labour courts have reviewed the legality of poker cash games. The Regional Labour Court of Appeals of the 18th Region (Goiás), when reviewing labour claim No. 0011220-49.2017.5.18.0009, considered the employment agreement entered into between the Plaintiff (“dealer”) and the Defendant (poker establishment) to be null and void and, consequently, […]

Neil MontgomeryPartner, Montgomery & Associados

Fixed odds sports betting – Brazilian public consultation

Please note that the Brazilian Ministry of the Economy has now released the attached public consultation thereby opening the opportunity for all interested parties willing to contribute to the regulation drafting exercise to submit their comments and suggestions to the questions laid down. The deadline for submitting the completed forms, in PORTUGUESE, is 31st August […]

Neil MontgomeryPartner, Montgomery & Associados

Brazil changes rules on foreign ownership for the airline industry

The restriction of a maximum of 20% of foreign ownership of Brazilian airlines was lifted last year by former President Temer with the enactment of Provisional Measure No. 863/2018, as a response to Avianca filing for judicial restructuring. Provisional measures are enforceable as from their enactment but are subject to confirmation by Congress within 120 days. […]

Neil MontgomeryPartner, Montgomery & Associados