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Corporations with net worth lower than R$10 million are not required to publish financial statements

Privately held corporations with less than 20 shareholders and a net worth lower than R$10 million are no longer required to publish financial statements and calls for meetings in official gazettes and large newspapers. The main outcome of this change is a reduction of costs...

Public Hearings of MP Nº869/18

Continuing the series of studies and follow-up of the Public Hearings held in the scope of analysis of Provisional Act nº 869/2018, the third meeting, held on 04/16/2019, addressed the subject "Data processing in the private sector, automated treatment and the Right to...

Brazilian Federal Government amplifies investment ombudsmanship to attract new investments

The Brazilian Federal Government will launch the Ombudsman for Direct Investments Portal this Thursday, April 25th. The Portal’s objective is to improve the business environment in Brazil and attract new investments through the establishment of a network between the...

Secretariat of Foreign Trade implements procedures for public interest analysis of trade remedy measures

SECEX Ordinance 8/2019, published on April 17th, sets forth a new procedure to be conducted by the Under-secretariat of Trade Remedies and Public Interest ("SDCOM") regarding public interest analysis for the purposes of application of antidumping duties and countervailing...

Public Hearings in the National Congress on Provisional Act 869/18

On 09/04/2019, the first public hearing of the Joint Committee of Provisional Act 869/18 ("MP 869/18") was held to discuss the topic "National Data Protection Authority: institutional design and models of governance, competencies and attributions for a National Data Protection...

Azevedo Sette Advogados in Latin Lawyer 250 | Edition 2019

Time-tested mining specialists | When you have spent more than half a century not only surviving, but positively thriving within Latin America’s most challenging legal market, you are clearly doing something right. For Azevedo Sette, the secret to its success lies in a...

Failure to submit the accounts up to April 30 may imply damages to stock corporations

Here are the possible damages and what officers should do to avoid them. Failure by the managing officers to submit the company’s accounts annually, or the simple irregularity in the legal formalization of the rendering of accounts may bring several damages to a company...

Brazilian Residentes with assets abroad must report to BACEN by april 5 to avoid fines

Individuals and legal entities must report investments on an annual or quarterly basis, depending on the value of the asset abroad. Check other deadlines that may apply to you....
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