From 1 January 2021, the International Chamber of Commerce (ICC) will bring into force revised 2021 Rules of Arbitration (“2021 Rules“), replacing the current rules last updated in 2017. This is the third update within a decade and, as such, most of the changes are minor, expanding on provisions introduced in previous rule updates and […]
In spite of the pressure from several State Governors and the recent increase in Covid-19 cases in Brazil, the state of calamity declared by the Federal Government on March 2020 ends tomorrow, December 31. With that, employers may no longer reduce employees’ pay/working hours, or suspend employment agreements based on the regulations that had created […]
The Transportation Manifest of Industrial Waste (MTR – Manifesto de Transporte de Resíduos), document which must accompany the transportation of industrial waste in the national territory will be mandatory as of January 01st, 2021 for all those waste generators subject to the preparation of a Management Plan on Solid Waste, as set forth by Ordinance […]
On December 8th, 2020, Brazilian General Customs Coordination enacted Ordinance COANA #85/2020, approving the REPETRO-Sped e-Manual and stating that the REPETRO “Q&A” Section shall have binding effects over the customs tax authorities and the regime beneficiaries, when expressly provided. The e-Manual aims at providing general guidance on the regime rules , while the “Q&A” Guide […]
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 […]
