The Brazilian Securities and Exchange Commission (“CVM”) published this Tuesday, April 11, 2023, the Joint-Circular Letter No. 1/2023/CVM/SIN/SSE (“Circular Letter”), whose purpose is to disseminate and provide clarifications on the interpretations of the Superintendency of Institutional Investor Supervision (“SIN”) and the Superintendency of Securitization Supervision (“SSE”) on the provisions of

The Brazilian Waterway Transportation Agency (“ANTAQ”) issued the Resolution No. 94, of 20 February 2023 giving more details on the procedure for leasing and concession of ports and also reinforcing the role of the Permanent Commission of Biddings of Concessions and Leasing of Ports (“CPLA”). The new statute describes the procedure

On February 14, 2023, the Brazilian Securities Commission (“CVM”) issued CVM Resolution 178 and CVM Resolution 179, which established the new regulatory framework for investment advisors in Brazil. CVM Resolution 178, which regulates the activities of investment advisors and by revoked CVM Resolution 16/2021, and CVM Resolution 179, which amends

In January 2023, the Brazilian Federal Supreme Court (STF) included the Direct Unconstitutionality Action – ADI No. 5090 on the trial agenda for 20/04/2023. The object of the action refers to the possibility of replacing the Referencial Rate (TR) with the Consumer Price Index (IPCA) as the index for monetary

Today the Brazilian National Data Protection Authority (“ANPD” or “Brazilian DPA”) published the Resolution CD/ANPD nº 4, approved on February 24th, 2023 (“Regulation”), providing rules for the dosimetry and enforcement of the administrative sanctions on data protection matters by the authority. The Regulation was expected to bring more clarity regarding

On February 15, 2023, began the period for completing and submitting the annual Brazilian Capitals Abroad Statement (“DCBE”) to the Brazilian Central Bank (“BCB”), referring to the base date of December 31, 2022. Individuals or legal entities residing, domiciled, or headquartered in Brazil that hold assets (goods, rights and values)

On January 17, 2023, the Brazilian Intellectual Property’s National Institute – “INPI”, a federal agency responsible for the intellectual property assets’ regulation, inspection and registration in Brazil – published the 6th revision to its Trademark Manual, which concentrates the procedural rules on the subject. In relation to the previous edition,

On December 23, 2022, the National Department of Business Registration and Integration (“DREI”), the technical body responsible for the public business entities registry in Brazil, issued the Normative Instruction No. 88/2022 (“IN DREI 88”), which promoted significant changes in the business filing rules and guidelines in Brazil. Among the rules

On 21 December 2022, the Brazilian President sanctioned Law n. 14.478/2022, also known as the Brazilian Cryptoassets’ Legal Framework, ruling on the theme of cryptoassets in the Brazilian landscape. The Legal Framework has established its own definition of cryptoassets included in its scope and of cryptoexchanges, labeled as providers of