19 Oct

Compliance Program Requirement – State Law nº 7.753/2017

The State Government of Rio de Janeiro sanctioned, on October 17, 2017, State Law No. 7.753/2017, which demands an integrity program for companies which execute contracts, joint ventures, arrangements, concessions or public-private partnerships with the direct, indirect or foundational public administration of the State of Rio de Janeiro, and with value limits superio...

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29 Aug

PETROBRAS – Opportunity Disclosure – Former Topázio Project

Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – PETROBRAS reports that it has initiated the opportunity disclosure stage (Teasers) related to the full sale of its exploration, development and production rights in three sets of onshore fields (totaling 50 concessions), located in Rio Grande do Norte and Bahia states, as per the table below.

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01 Feb

No Recognition of Labor Relationship

On January 30, 2017, the judgement in the case file of labor claim no. 0011863-62.2016.5.03.0137, commenced by an Uber driver in order to plea recognition of a labor relationship with such company, held that Uber drivers do not have a labor relationship with the company.

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12 Dec

Normative Instruction no. 1,634/16 of the Brazilian Federal Revenue

The Brazilian Federal Revenue (“BFR”) edited, on May, 2016, Normative Instruction no. 1,634, with new regulation applicable to the obtainment and update of Corporate Taxpayer Registration (“CNPJ”).

Such instruction will be effective as of January 1, 2017, and establishes, among other obligations, that legal persons requesting or updating its CNPJ provi...

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04 Nov

Supplementary Law no. 155 of 2016 – Amendments to the Simplified Taxation Regime (Simples Nacional)

On October 28th, 2016, Supplementary Law nº 155 (“SL155/2016”) was published on the Federal Official Gazette. The new law amends the rules and limits of the Simplified Taxation System (Simples Nacional), governed by Complementary Law nº 123 of 2006), which institutes important changes for small and medium-sized business owners.

The ne...

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14 Oct

New Regulation for Private Equity Funds – CVM Instruction no. 578 of 2016

The Brazilian Securities Commission (“CVM”) has edited, on August 31, 2016, instruction nº 578 (“CVMI 578”), which introduces important changes in the legal framework of Private Equity Funds (“FIPs”) and Mutual Funds for Investment in Emerging Companies (“FMIEE”), used, in rule, in private equity and venture capital investments. Such instruction revoked ...

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