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 […]
On December 11, 2020 the Brazilian Senate finally approved the bill of a new public procurement general law, which will substitute Law nº 8,666/1993 (“New Public Procurement Law“), and will be applicable to public entities in Federal, State and Municipal levels. State controlled companies, however, will only be reached by the new definitions of crimes […]
On November 30, 2020, Ordinance No. 589/2020 was published to update guidelines and criteria applicable to the environmental conciliation phase of IBAMA and ICMBio’s administrative procedures, while lasts the public health emergency situation caused by the pandemic of coronavirus (Covid-19). Considering the changes related to the scheduling of conciliation hearings provided in Ordinance No. 2/2020, […]
In brief, the State Attorney General Office in São Paulo, in line with the federal tax settlement program, published in the Official Gazette on the 24th of November 2020 Ruling No. 27/2020, after the State program was created in by Law No. 17,293/2020. This is an alternative of settling directly with the State Attorney General […]
State Law No. 11,326/2020 came into force on November 22, 2020, establishing the obligation for producers, importers, distributors and sellers to implement the take-back system of several post-consumption products and their packaging sold in the Brazilian State of Maranhão. Even though most of the obligations established by the state law are already in force as […]
The procedural deadlines within IBAMA and ICMBio were reestablished on November 16, 2020, being applicable for defenses, final allegations, appeals and other petitions in sanctioning proceedings. Within IBAMA, the deadlines that have been suspended since March 21 were reestablished in accordance with Ordinance No. 2,600. In relation to the Chico Mendes Institute for Biodiversity Conservation […]
Last Tuesday (10/11), the Brazilian Federal Prosecutors Office’s5th Chamber of Coordination and Revision (5CCR) – focused on anti-corruption efforts –, published Orientation n. 10, which provides rules for individuals and legal entities entering into civil non-prosecution agreements (ANPC) for acts of administrative improbity set forth in the Federal Law No. 8,429 / 1992 (Administrative Improbity […]
Joint Resolution SEAS/INEA No. 29 was published on 5 November 2020 in the Official Gazette of the State of Rio de Janeiro. It defines priority criteria for the destination of recyclable waste to associations and cooperatives of reusable and recyclable materials. Large solid waste generators shall prioritize collector’s associations and cooperatives formed by low-income people […]
