On March 30, 2020, Provisional Measure No. 931 (“MP 931”) was published, which amends provisions of Law No. 10,406, of January 10, 2002, as amended (“Brazilian Civil Code”), of Law No. 6,404, of December 15, 1976, as amended (“Brazilian Corporate Law”) and Law No. 5,764, of December 16, 1971, as amended (“Law 5,764/71”), due to […]
By Henrique Frizzo, partner of the Aerospace and Defense, Energy, Mining, Petrochemical and Infrastructure, Life Sciences, Public Law and Regulation groups at Trench Rossi Watanabe Compliance with certain contractual obligations have become more costly or unfeasible due to the Covid-19 pandemic. Specifically with respect to contracts executed with the direct and indirect Public Administration, certain […]
By Renata Amaral and Caroline Gonçalves, partner and associate of the Consumer Law, Environment and Climate Change groups of Trench Rossi Watanabe, respectively There is much discussion about the impact and legal consequences of Covid-19, mainly when it comes to consumer relations that are directly affected by the pandemic at this moment. In this moment […]
Earlier today, March 27, the president of the Brazilian Central Bank announced an emergency line of credit of 40 billion reais, to assist small and medium size companies with annual invoicing ranging from 360,000 reais to 10,000,000 reais. This measure is issued with the specific purpose of paying the salaries of the employees of these […]
In compliance with human dignity and the right to access fuel and gas supply, the State of Rio de Janeiro has enacted special Decree n° 47.002/2020 authorizing the maintenance of O&G industry onshore activities during the state of public calamity in the State of Rio de Janeiro. Note that despite this authorization, any public gathering to perform […]
On March 23, 2020, the Provisional Measure (PM). No. 928, was enacted in the Official Gazette. The PM amends the Federal Law No. 13979 published on February 6, 2020, which provides for measures to deal with the public health emergency resulting from the calamity caused by the coronavirus. (Covid-19) According to MP 928, as long […]
By Marcia Calafate and Marcel Nunes, partner and associate of the International Trade, Commercial Contracts, Mergers & Acquisitions, Real Estate groups of Trench Rossi Watanabe, respectively During the compliance period with the security measures determined by the Brazilian authorities to contain Covid-19, it is possible that contracting parties experience unexpected and unprecedented situations, such as […]
By Monica Cavalcanti and Bruno Dreifus, partner and associate of Mergers & Acquisitions and Corporate group of Trench Rossi Watanabe, respectively Where previously the talks of the day were expanded local market opportunities, positive economic measures and reforms, and a potential for a relevant positive growth in the Brazilian economy, the growing, and still uncertain, […]
By Renata Amaral and Alexandre Jabra, partner and associate of Environment and Climate Change group of Trench Rossi Watanabe, respectively Non-compliance with environmental obligations In case of unfeasibility to comply with environmental obligations, such as those established in the technical requirements for environmental licenses or those in consent agreements (e.g., submittal of reports, implementation of […]
