In 2002, with the enactment of the new Brazilian Civil Code, the Brazilian Commercial Code lost much of its relevance and content, since the rules that regulated business activity were largely incorporated into the new Civil Code. More importantly, the changes introduced by the Civil Code in corporate law brought uncertainty and changes to known concepts and rules. Due to the controversy this has generated, the Brazilian Congress has recently been discussing a new Commercial Code. This article discusses the latest version of the Code, which has been released for public consultation.
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Region:
Brazil
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