In brief On March 28, the Brazilian Secretariat of Foreign Trade (“SECEX”), through the Ordinance No. 10, dated of March 27, 2023, opened a sunset review concerning the antidumping duty in force against Brazilian imports of metallic magnesium from Russia. At the end of the review, the current antidumping duty may have its term extended for […]
In brief On March 30, 2023, the House of Representatives approved Provisional Measure (“MP”) No. 1,152/2022, which addresses the new Brazilian transfer pricing rules. The main amendments, upon comparing the original text of the MP presented on December 29, 2022 and the amended one just approved, relate to transactions with commodities, the secondary adjustment, and […]
In brief State Decree No. 38.140/2023 (“Decree“) was published earlier this month (March, 6th 2023). It establishes the general regulations for the take-back system in the state of Maranhão. In summary, this Decree establishes the obligations and rules for structuring and implementing take-back systems for the products it specifies. More details The Decree establishes guidelines […]
In brief On March 20, 2023, decisions of the Minister of the General Comptroller’s Office (CGU) for applying or maintaining sanctions for corruption acts of six companies were published, reaching the amount of BRL 9.7 million. The sanctions were applied in the scope of Administrative Liability Proceedings based on Law No. 12,846/2013 (Anti-Corruption Law) through […]
In brief On 22 March 2023, Federal Decree No. 11,447/2023[1] was published in the Official Gazette, creating the Aquilomba Brazil Program and its Management Committee. The new decree, which expressly revoked the Brazil Quilombola Program, has the main goal to promote intersectorial measures to guarantee the rights of the quilombola population in Brazil. More details Decree […]
In brief The Brazilian Secretariat of Foreign Trade (known by its acronym, “SECEX“) issued on 8 March a new ordinance that renders the assessment of public interest (“API“) an optional proceeding in original dumping and subsidy investigations. According to the previous regulation, the API was mandatory in such original investigations, and thus initiated ex officio bythe Brazilian Department of Trade Defense […]
In brief Last Friday, March 3, Brazil issued two new decrees regarding the organizational structure and attributions of the Foreign Trade Chamber – CAMEX and the Ministry of Development, Industry and Foreign Trade – MDIC. These are the two main bodies responsible for, among others, defining Brazil’s foreign trade policies, including the application of trade […]
A reminder that due to the New Exchange Regulation only companies that receive foreign investments with total assets equal to or greater than R$ 300,000,000.00 (three hundred million reais) must comply with the Declaration of Economic and Financial Information by submitting their financial data, until the end of March, related to the base date of December 31, […]
On Monday (02/27), the National Data Protection Authority (ANPD) published the Regulation on the Calculation and Application of Administrative Sanctions (Resolution CD/ANPD No. 4 of February 24, 2023), which aims to determine the methodology to be followed for the enforcement of the penalties provided for by Article 52 of the General Data Protection Law (Law […]
