Legal entities and investment funds incorporated in Brazil must submit a report to the Central Bank of Brazil, detailing investments in their quotas and/or shares held by foreign investors, or the outstanding short-term trade debts owed to non-residents, on December 31 of the previous fiscal year, in the following situations:

The plenary session of the Senate approved on Tuesday, July 10, Bill of Law (PLC) No. 53/2018, which deals with the protection of personal data. The text is now proceeding for signature by the president of Brazil and, if signed, Brazil will have a data protection law in force 18 months after its publication in the Official Gazette.

The Special Body of the São Paulo State Court of Appeals (TJSP) amended a preliminary injunction that had suspended the effects of article 162 of Municipal Law No. 16,402/14 (São Paulo’s Land Subdividing, Use, and Occupancy Law) and restrained almost two thousand cases of licensing for construction projects, activities, and buildings filed under the previous legislation, which caused serious and irreparable harm to the city’s economy and to the industry’s legal certainty. With the decision by the Special Body, the more than 1,900 cases found in this situation (according to the city government, and disregarding those currently being examined by the regional city governments and departments) can resume their normal progress immediately.

When analyzing the development of new legislation over the world, it is possible to verify that there is a global trend to create different types of flexible working engagements to allow new forms of work on demand. These new working arrangements try to give more flexibility to employers, but also to employees, who sometimes do not want to have a full-time job.

Publicly-held companies registered in category A of the Brazilian Securities and Exchange Commission (CVM) that submitted the Reference Form without completely filling in item 13.11 of Exhibit 24 of CVM Instruction No. 480/09 (ICVM 480) must resubmit the document including the information required regarding the remuneration of their officers and directors by June 25, 2018.

A few months after Law No. 13,506/2017 coming into force and a broad debate with various market participants, the Brazilian Securities and Exchange Commission (CVM) submitted for public hearing a draft new instruction that will regulate its sanctioning activity, therein adapting it to the new legislation. Comments can be presented until August 17, 2018.