On April 28, 2020, the Brazilian Federal Revenue (“RFB”) published Normative Ruling No. 1,942/2020, modifying and including certain provisions to Normative Ruling No. 1,700/2017, in order to provide some guidelines for the application and calculation of the Social Contribution on Net Profit (“CSLL”), based on specific rates, by financial institutions and development agencies, considering the […]
On April 27, 2020, the Brazilian National Oil and Gas Agency (“ANP”) published Resolution No. 817/2020 (“Resolution”), which will come into force on May 4, 2020. It provides for the decommissioning of oil and natural gas exploration and production facilities, the procedure for relinquishing areas to the ANP (and inclusion of such areas in the […]
Following the actions to prevent the spread of COVID-19, the Brazilian Patent and Trademark Office (BPTO) has just published an update regarding deadline extension in the Electronic Official Bulletin No. 2573, of April 28, 2020. The temporary suspension of all deadlines (previously covering the time period from March 16, 2020 to April 30, 2020) has […]
On April 24, was published the Rulling 10.486/2020 issued by the Ministry of Economy regulating the procedures for the payment of the Emergency Allowance (‘BEM”) provided in the Executive Order 936/20, to be in force during the current and exception crises period. The Rulling provides for procedural guidelines that were not specified in the Executive […]
On Abril 20th, 2020, the Brazilian Federal Revenue Service enacted Normative Ruling RFB # 1,941/2020 (“NR 1,941”), amending Normative Ruling RFB # 1,781/2017 and updating its Annex I, to include new assets within the scope of the special customs tax regime for assets to be used in the exploration, development and production of oil & […]
Market access (a) How has the regulator in charge been addressing the urgent needs for medicines, medical devices and medical supplies? Has the focus been faster review and grant of marketing authorization, or exceptions to or relaxation of import / use / licensing restrictions, or any other available mechanisms? The Brazilian Federal Health Agency (ANVISA) […]
On April 20, 2020, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) published Resolutions n. 815/2020 and 816/2020, which provides for new proceedings applicable to the exploration and production of petroleum and natural gas during the COVID-19 pandemic as detailed below. Resolution n. 815/2020 Resolution n. 815/2020 allows the parties in E&P […]
On April 17, 2020, the Brazilian Supreme Court (STF) concluded the judgement of the Extraordinary Appeal No. 644833, with general repercussion, to define that, “the statute of limitation is not applicable to the civil liability for environmental damage”. Therefore, the Court established a definite understanding in Brazil in the sense that the liability for environmental […]
On April 17, 2020, the Brazilian Securities and Exchange Commission (“CVM”) issued CVM Instruction 622 (“ICVM 622”), which partially amends CVM Instruction 481, issued on December 17, 2009 (“ICVM 481”), and provides for the manner in which publicly-held companies shall hold general digital meetings. This innovation is in line with other regulatory amendments made by […]
