Publications
Companies that had already adapted their practices, procedures, and policies according to Executive Order 905/2019 should adjust such changes again due to its revocation. A new Executive Order will likely deal only with the Green and Yellow Employment Contract.
The state of public calamity in Brazil has loosened State financial controls. The measure may help to reduce the economic impacts of the covid-19 pandemic, but it ends up exposing the national budget of Brazil to the default risk.
Given the difficulties caused by the covid-19 pandemic, the market authority has extended to other issuers the new deadlines granted to publicly-held companies for releasing annual financial statements and quarterly reports.
The goal is to streamline and simplify various procedures to accelerate the raising of funds from multilateral organizations to finance projects related to combating the covid-19 pandemic. States and municipalities, public banks, and development agencies are the primary beneficiaries.
The possibility of remote participation must be included in the notice calling the meeting, which must also detail the procedures for registration for, access to, and use of the system.
With Bill No. 675/20, the Brazilian Chamber of Deputies wishes to prevent the credit history of "good payers" from being harmed by problems with default during the pandemic. The suspension would last until June 20.
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