The new Bidding Bill of Law provides for integrity programs as well as greater control and transparency in public tenders The Brazilian Bidding Law (Law 8,666/93) and other public procurement related laws (Law 10,520/2002 and articles 1 to 47 of Law 12,462/2011) are about to be replaced by the Bill of Law No. 4,253/2020, which […]
The executive, who is well known in the market, starts his role as the director of legal and compliance of the Brazilian firm Trench Rossi Watanabe, one of the most prominent law firms in Brazil, announces Gustavo Biagioli as chief compliance officer (CCO) and legal director. The executive assumes the position as of this month, […]
The Ministry of the Environment (MMA) opened a public consultation on the proposed Decree that will regulate the Take Back System for Glass Packaging in the national territory. This is an initiative similar to the Sectorial Agreement for the implementation of a take back system for general packaging (paper, plastic, among other), signed on 11/25/2021. […]
From 1 January 2021, the International Chamber of Commerce (ICC) will bring into force revised 2021 Rules of Arbitration (“2021 Rules“), replacing the current rules last updated in 2017. This is the third update within a decade and, as such, most of the changes are minor, expanding on provisions introduced in previous rule updates and […]
In spite of the pressure from several State Governors and the recent increase in Covid-19 cases in Brazil, the state of calamity declared by the Federal Government on March 2020 ends tomorrow, December 31. With that, employers may no longer reduce employees’ pay/working hours, or suspend employment agreements based on the regulations that had created […]
The Transportation Manifest of Industrial Waste (MTR – Manifesto de Transporte de Resíduos), document which must accompany the transportation of industrial waste in the national territory will be mandatory as of January 01st, 2021 for all those waste generators subject to the preparation of a Management Plan on Solid Waste, as set forth by Ordinance […]
On December 8th, 2020, Brazilian General Customs Coordination enacted Ordinance COANA #85/2020, approving the REPETRO-Sped e-Manual and stating that the REPETRO “Q&A” Section shall have binding effects over the customs tax authorities and the regime beneficiaries, when expressly provided. The e-Manual aims at providing general guidance on the regime rules , while the “Q&A” Guide […]
On December 7, 2020, the Brazilian Securities Commission (Comissão de Valores Mobiliários) published a public hearing proposing amendments to the CVM Rule No. 480/09 with the purpose of improving the rules on disclosure of environmental, social and governance matters (also known as “ESG”) required from publicly-held companies in Brazil. The hearing also proposes other amendments […]
IN BRIEF The Brazilian Federal Government has once more reduced to zero the tax rate of the Tax on Financial Transactions (IOF) levied on credit operations contracted between December 15 and 31, 2020. COMMENTS On December 11, 2020, the Brazilian Government published Decree No. 10,572, which amended Decree No. 6,306 / 07 and reinstated the […]
