News

In brief The Brazilian House of Representatives approved, last Wednesday (07/14/2021), the Proposed Bill No. 5516/2016 (“PB 5516/2019”) authored by senator Rodrigo Pacheco (DEM-MG), which institutes the Soccer Team Companies (“STC”). The Proposed Bill, which had as rapporteur in the House of Representatives, deputy Fred Costa (Patriota-MG), institutes the so-called team-company in Brazil, a model […]

The President of Brazil enacted, with vetoes, Law No. 14,182, which was initially submitted from Provisional Measure No. 1,031. Law 14,182 provides for the privatization of Eletrobras (Centrais Elétricas Brasileiras S.A.) and establishes criteria and conditions for its implementation. Eletrobras is Brazil’s largest power generation and transmission company, but has been reducing its investment capacity […]

The House of Representatives approved on July 6, by 425 votes in favor and 15 against, the Bill originally presented by Senator Paulo Paim (Labor Party). The Bill regulates compulsory licensing for patents and applications in cases of declaration of national or international emergency, public interest or public calamity. The project was highly influenced by […]

Please be informed that as of July 1st, at 6pm until August 16th, 2021, the deadline for the submission of the Census on Foreign Capitals in Brazil (Census) to the Brazilian Central Bank (BACEN) begins. 1. Who must declare to the Census: 1.1. Companies headquartered in Brazil that, on December 31st, 2020, had direct investment […]

Briefly On 2 July 2021, Federal Law No. 14.181/2021, known as the Over-indebtedness Law was sanctioned. The law updates the Consumer Defense Code (Federal Law No. 8.078/1990 (CDC)) and the Senior Citizens’ Statute (Federal Law No. 10.741/2003). After 10 years of discussion, this new law creates rules for the prevention, treatment and settlements in over-indebtedness, […]

In brief  In November 2021, the city of Glasgow in Scotland will host the 26th United Nations Climate Change Conference. In Brazil, the Commission of Foreign Affairs and National Defense (CREDN) held a public hearing on 21 June to discuss the projects that Brazil will present at COP26. after members of the Congress Camilo Capiberibe, […]

In brief On July 02, 2021, the Municipality of São Paulo published Decree No. 60,357/21, regulating the Special Program for taxpayers, set forth for the taxpayers to pay certain tax and non-tax debts regulated by the Municipality of São Paulo, with reductions on interest and penalties applied by the municipality authorities on tax triggering events […]

Trench Rossi Watanabe, one of the largest law firms in Brazil, announced the respective promotion and hiring of two new partners starting in July 2021. Attorney Flavia Amaral, who comes to the Firm as a lateral hire to further strengthen the data protection, technology and intellectual property team, and the then-senior associate Clarissa Lehmen, from […]

In brief On June 25th, the Brazilian Federal Government presented to the National Congress the second phase of the tax reform, which focuses on the Income Tax of Individuals and Legal Entities and on the Social Contribution on Net Profit. The reporting deputy appointed by the House of Representatives on June 28 was Congressman Celso […]