In brief On 29 November 2022, Brazil and United Kingdom signed a Double Taxation Agreement (“DTA”). The DTA will enter into force after the conclusion of legislative procedures in Brazil and the United Kingdom and the exchange of notifications between the two jurisdictions. More details Article 10 of the DTA may become relevant and attractive […]
In brief On November 24, 2022, the Decree No. 67.301/2022 was published by the Government of the State of São Paulo and provided for the administrative liability of legal entities for the practice of acts against the Public Administration in the city. The Decree, which comes into effect on the date of its publication, establishes […]
In brief After a long legislative process, a new Brazilian Federal law on cartel damages claims was enacted and entered into force (Law No. 14.470/2022) on 17 November 2022. The statute comes with new provisions that are expected to significantly increase incentives for these lawsuits in Brazil. More details According to the new statute, those who suffered damages due to […]
In brief On 24 October 2022, CETESB published Board Decision No. 106/2022/P, which establishes the new procedures to be observed within the scope of administrative proceedings for issuing Technical Opinions related to contaminated areas. Further details In sum, the new Board Decision establishes procedures for issuing technical opinions related to: (i) the management of contaminated […]
In brief The Brazilian Institute of Environment and Natural Resources (IBAMA) opened a public consultation regarding a new normative that regulates the control of corporate emissions and the management of pollutant emission credits for the Vehicle Emission Control Program’s L8 phase (“Proconve L8“). The public consultation is being done in accordance with CONAMA Resolution No. 492/2018, […]
In brief On November 1st, 2022, Normative Instruction (IN) 2,114/2022 was published, bringing provisions on the application of the tax benefit of 0% rate of IRPJ/CSLL and PIS/COFINS, provided in art. 4 of Law 14,148/2021 (Perse Law). The Perse Law established emergency actions for the events industry to compensate for the effects of the Covid-19 […]
In brief On November 3, 2022, the Federal Government issued two Public Consultations on Decrees that intend to establish the take back requirement systems for metal, paper and cardboard packaging, which were published in the Official Gazette. Comments on the decrees should be sent to the Secretariat of Environmental Quality of the Ministry of Environment […]
Trench Rossi Watanabe joined the discussions of the Latin America Climate Summit, event promoted by IETA – International Emissions Trading Association in Rio de Janeiro. The topic of discussion this year was “Where Carbon Markets Meet to Drive Climate Action Forward”. Below are the key takeaways of the discussions: Latin America has a huge potential […]
In brief The Brazilian Securities Commission (“CVM”) published on October 11, 2022 the Guidance Opinion No 40 (“Opinion”), consolidating its understanding of the rules applicable to cryptoassets classified as securities. In a nutshell, the Opinion aims at clarifying the scope of action and the means through which CVM shall exercise its powers to regulate, supervise […]
