This guide covers common issues in public investment funds – including registration, regulatory framework, marketing of public funds, and tax treatment – in 14 jurisdictions.
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.
This multi-jurisdictional resource provides practical information on cross-border data protection issues, including regulations, data controller obligations, rights to access personal data, international transfer of data, and data processing by third parties.
This guide is part of the Lex Mundi Global Practice Guide Series which features substantive overviews of laws, practice areas, and legal and business issues in jurisdictions around the globe.
The main purpose of the Open Skies Agreements is to deregulate certain areas of the air transport industry in Brazil and, consequently, encourage the market to work freely, which causes various effects in liberalized markets.
According to Brazilian law, the Accident Prevention Factor (FAP) for each company is determined according to the number of labor accidents and illnesses that have generated payment of social security benefits. The FAP calculation is mainly based on the frequency, level of importance and cost of the labor illnesses and labor accidents of each company. In recent years, the social security website has provided the specific FAP for each legal entity. Read on to learn more about FAP regulation.
Upon the enactment of Brazilian Law 9876/99, of November 26, 1999, a part of the system of social contribution payable by companies was modified, and one of the contributions payable by companies was fixed at 15% of the invoice for services rendered by work cooperatives. However, it seems that the requirement for the engaging companies to pay a 15% contribution on the invoices for services from work cooperatives is totally unconstitutional. This article explains the unconstitutionality of this law and discusses the impact of recent court decisions pertaining to this issue.
This InfoPAK (now known as ACC Guides) provides a high-level overview and practical analysis for public procurement issues and procedures in Brazil.
A discussion of the tension between Brazil's bank secrecy laws and governments' need to collect data on unpaid taxes.
A discussion of the Foreign Account Tax Compliance Act's (FATCA) reach beyond US borders, with specific focus on how Brazilian banks comply with the law.