Brazil: Law 14,451 approves the reduction of the approval quorums for corporate resolutions of limited liability companies
Law 14,451 was published on September 22, 2022 amending the Chapter of limited liability company of the Brazilian Civil Code to reduce the approval quorum of limited liability companies for certain corporate resolutions. According to the law, the approval of the following resolutions: 1) amendment to the articles of association; 2) incorporation, merger, or dissolution […]
