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. ​

The Brazilian National Agency of Petroleum, Natural Gas and Biofuels (ANP) opens a public consultation on arbitration clauses under the concession agreements for the exploration and production of oil and natural gas. Consultation No. 24/2017 will last twenty days and the amendments to the arbitration clauses will be effective for

The Convention Abolishing the Requirement of Legalization for Foreign Public Documents, called Apostille Convention (“Convention”), promulgated by Decree No. 8,660/2016, entered into force on August 14, 2016. The Convention was held on October 05, 1961 in the Hague, but Brazilian Government only deposited the instrument of accession and notified the Ministry

The Central Bank of Brazil (“BACEN”) published on June 16, 2016 the Circular No. 3,795 (“Circular”), to consolidate the regulations regarding the statement of the Census of Foreign Capital, created by the Federal Law No. 4,131/1962. In the sole paragraph of Article 1, the Circular confirms the existence of two