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 […]
Due to the social distancing measures, the public bodies are expanding the effects of acts previously enacted in order to aid in the fight against the Covid-19’s pandemic. In this context, following the rules already established by Rio de Janeiro’s State Decree no. 47,027/20 – which, in its turn, extended the effects of State Decree […]
Right after the Executive Order 936/20 (“EO936”) was enacted on April 1st, the Rede Sustentabilidade Party filed a lawsuit (“ADI”) before the Supreme Court with an injunction relief to recognize the need of union involvement to implement an individual agreement to either reduce the working hours/salaries or to suspend the employment agreements. The ADI was […]
On Wednesday (04/15/2020), the House of Representatives in a remote session approved Executive Order 905/19 to create the so-called Green and Yellow Labor Agreement, which will be now reviewed by the Federal Senate. If the Senators do not approve Executive Order 905/19 by April 20 it will lose its legal validity. The text approved by […]
Yesterday, April 15, 2020, was published the Normative Ruling of the National Department of Business Registration and Integration – DREI No. 79 (“NR 79”), that provides the rules for attendance and remote voting in meetings or assemblies of privately-held corporations, limited liability companies and cooperatives (“Companies”). The normative ruling is in line with other regulatory […]
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