The administrative penalties provided by the Brazilian General Data Protection Law -LGPD, regarding the sanctions to data agents that fail to comply with the LGPD, have entered into effect on August 1st, 2021.   Although the LGPD is in effect since September 2020, articles 52, 53 and 54, providing specifically

The deadline for the submission of the Five-Year Census Statement on Foreign Capitals in Brazil (“Statement”) to the Brazilian Central Bank (BCB), pertaining to the reference date of December 31, 2020, begun in July 1st, 2021. The submission of the Statement is mandatory for those that, on the reference date

The Administrative Council of Economic Defense (“CADE”) held on October 16 and 30, 2019 its 147th and 148th trials. Those were the first trials conducted by the newly inducted Commissioners Sergio Ravagnani, Lenisa Prado and Luiz Hofmann. ​We highlight two cases decided on the period. ​ 1. The charging of a

The Brazilian President has decided to issue a Provisional Measure No. 863/2018 (“MP”) to modify some important provisions of the Brazilian Aeronautical Code (“CBA”). The MP was published in the Brazilian Official Gazette on December 13, 2018, with immediate effects. It implements substantial changes to the national aviation market, as

Brazil has enacted a law about sports betting, which was published on December 13, 2018. Sport bets were already present in Brazilians routine, gaining prominence in the FIFA World Cup and football championships. However, this presence was considered marginal in the national territory, since it was not regulated and collided

The Administrative Council of Economic Defense (CADE) published last Wednesday (September 5), Resolution No. 21/2018 about the publicity of documents and information of administrative procedure, to promote antitrust damages actions in Brazil. New guidelines were defined for disclosure of documents from leniency agreements, settlement agreements in antitrust cases and search and

The privacy and commercial use of personal data have been trending topics since recent incidents involving data breach, leakage and cyber attacks. On August 14, 2018, the Brazilian Data Protection Law was enacted (Law No. 13,709/2018) and will be in force in February 2020. Based on the European Union General

On Friday 12th, the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) issued Circular Letter No. 1/2018, clarifying that cryptocurrencies cannot be classified as financial assets, according to article 2, subsection V, of CVM Instruction No. 555/14, based on the degree of uncertainty surrounding their legal-economic nature and financial risks involved. ​