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New understandings for corporate acts of foreign investors in Brazilian companies

The Commercial Department of Registry and Integration – “Departamento de Registro Empresarial e Integração”, in Portuguese – (“DREI”) has consolidated its current understandings and requirements for the filing of corporate acts of companies which have (i)...

State Court discharged Facebook from retaining data after six months

The State Court of Santa Catarina recognized that Facebook does not have the legal liability of providing data beyond registrations of access to application, nor of retaining registrations created more than six months ago. In this case, the author of the claim required the...

Council for Advertising Self-Regulation establish regulatory rules for Advertisement of Mobile Internet

The National Council for Advertising Self-Regulation (CONAR) added a new annex to the Brazilian Self-Regulating Advertising Code, the Exhibit V, which establishes specific rules for the advertisement of mobile internet...

Labor Courts diverges on employment relationship between Uber and Drivers

Uber has been facing controversy decisions regarding Labor Courts in Brazil. On April 11th, the substitute judge Eduardo Rockenbach Pires, from the Labor Court of São Paulo, recognized the employment relationship between the company and the driver making them pay R$ 62.531,00...

Supreme Court ratified the understanding about payment of copyrights for streaming

In an enforcement action of legal precept against OI, the Brazilian Central Agency of Collection and Distribution (ECAD) obtained a favorable decision from the Superior Court of Justice (STJ), in relation to copyright´s collection in musical broadcast on the internet via...

Azevedo Sette's article in Global Competition Litigation Review 2017

Global Competition Litigation Review features an article by Luiz Eduardo Salles and Ingrid Bandeira Santos that clarifies about the propose of Brazilian competition authority of regulating procedures on access to documents to substantiate private antitrust...

Bacen changes rules for foreign investment registration

Ana Paula Terra Caldeira and Luiza Elena Ribeiro Cardoso* New rules issued by the Central Bank of Brazil (BACEN) simplify and modernize registration procedures in the foreign direct investment module (“RDE-IED”), which reduces costs and time, at the same time...

Federal Revenue extends term for information of equity interest chain up to final beneficiary

The new obligation to identify the equity interest chain until it reaches the final beneficiary has its initial term extended to July 1st, 2017 On May 9, 2016, the Brazilian Federal Revenue has published the Normative Instruction No. 1,634/2016, which established, among...
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