With a new request to access records, the Securities and Exchange Commission (CVM) suspends again the trial of former Gafisa managers
The panel of the Securities and Exchange Commission (CVM) suspended again the trial of former managers of Gafisa, after Otto Lobo, the last director to present an opinion, requested access to the records. At the time of the suspension, the trial was 2-1 against Nelson Tanure, Antônio Romanoski, Eduardo Jácome, Leo Simpson, Thomas Reichenheim, and Roberto Portella.
Law changes criteria for adjusting judicial and extrajudicial deposits involving the Federal Government
Among other topics, the recently enacted Law No. 14,973/2024 changed the rules applicable to deposits made in administrative or judicial proceedings involving the Federal Government or any of its agencies. It revoked Law No. 9,703/1998, which until then had provided for judicial and extrajudicial deposits of federal taxes and contributions.
Directors rebut Rossi and say that calling a Special Shareholders’ Meeting is illegal
The meeting called by Rossi Residencial to vote on suspending the political rights of one of its largest shareholders, billionaire Silvio Tini, exposed the division within the board of directors. Three of the five board members—the only ones outside the founding family—pushed back against the proposal, calling the meeting “entirely illegal.”
Market suggests improvements to new CVM’S FÁCIL
Transition period between regimes, hiring of external audit, and rule on participation of lead coordinator require adjustments. The rules to expand the access of small and medium-sized companies to the capital market were well received by regulatory experts, but law firms are already proposing improvements.
The Securities and Exchange Commission (CVM) postponed judgment on Gafisa’s managers after a director requested access to the records
The panel of the Securities and Exchange Commission (CVM) postponed today (10) the trial of six Gafisa managers after director João Accioly requested access to the records.
Stock options: impacts of the Superior Court of Justice (STJ)’s judgment on the Brazilian market
Judgment of Repetitive Precedent-Setting Issue 1,226 by the Superior Court of Justice (STJ) is approaching. The Precedent-Setting Issue is scheduled for the session of September 11, with Justice Sérgio Kukina as the reporting judge, and originates from the allocation of the appeals REsp 206.964.4/SP and 207.456.4/SP. The issue under judgment, which is at the heart of the controversy, is determining the legal nature of Stock Option Plans—specifically, whether they should be classified as remuneration or as commercial transactions.
The impact of the Superior Labor Court (TST)’s decision on shareholders liability in corporations
The concept of legal personality is crucial for a healthy and thriving business environment, as it clearly separates the company’s assets from those of its members. In a corporation, this separation is provided for in the first article of the corporate law and protects shareholders by limiting their liability for the company’s obligations and debts up to the issue price of their shares.
Digital assets and Securities and Exchange Commission (CVM) regulations: challenges and opportunities
The emergence of new technologies has sparked a true revolution in financial and capital markets, democratizing access to investment opportunities, increasing liquidity, and reducing the cost of capital.
