National sovereignty and the justice system’s selective treatment of victims
The signing of the renegotiation agreement to compensate the victims of the Mariana disaster signed in Brazil and confirmed by the Federal Supreme Court (STF) on November 7, marks a significant conclusive step in the search for justice and redress. This is because it was designed to mitigate the environmental and social impacts of the disaster, while establishing an ongoing commitment by the parties involved to promote the recovery and compensation of the affected communities.
Brazilian Association of Technical Standards (ABNT) sets new standards for dams and piles
The Brazilian Association of Technical Standards (ABNT) published new rules applicable to dams and piles, which address the following topics: (i) NBR No. 13,028 – development and presentation of dam projects for tailings disposal, sediment containment, and water reserve; (ii) NBR No. 13,029 – development and presentation of projects for the placement of overburdens in piles; (iii) NBR No. 17,188 – hypothetical rupture analysis in dams; and (iv) NBR No. 17,189 – dam instrumentation.
National Council of Justice (CNJ) reinstates the use of private instruments for fiduciary sale agreements as collateral for real estate
The National Council of Justice (CNJ) granted an injunction allowing the resumed use of private instruments in fiduciary sale agreements as collateral for real estate, even outside the scope of the Real Estate Financial System (SFI). This measure reduces transaction costs, streamlines contracts, fosters the business environment, and stimulates growth in the real estate and credit markets in Brazil.
Securities and Exchange Commission (CVM) fines Silvio Tini BRL 500,000 for price manipulation
The panel of the Securities and Exchange Commission (CVM) ordered one of the largest investors on the Brazilian stock exchange, Silvio Tini, to pay a BRL 500,000 fine for manipulating the prices of preferred shares of the infrastructure holding company Azevedo & Travassos, between February and May 2018. With 4 votes to 1, the trial took place on Tuesday (26), and the decision was reported by officer Otto Lobo.
National Data Protection Agency (ANPD) opens consultation for project on artificial intelligence and data protection regulation
The National Data Protection Authority (ANPD) initiated a call for contributions from society regarding its project to regulate Artificial Intelligence (AI) and data protection, in line with the provisions of the Brazilian Data Protection Regulation (LGPD).
Central Bank of Brazil (BCB): New rules to join and use PIX
The Central Bank of Brazil (“BCB”) published Regulation No. 429 on November 11, 2024 (“BCB Regulation 429”), amending BCB Regulation No. 1, of August 12, 2020 (“BCB Regulation 1”) and its attached regulation, significantly changing the rules for unauthorized institutions to join and use PIX.
Small and Medium-Sized Companies (SMEs) on the Stock Exchange: Securities and Exchange Commission (CVM) foresees regulation for 2025 and BEE4 is preparing to be ‘the new B3′
Small and medium-sized companies in Brazil are moving toward the possibility of going public. The public consultation of the Securities and Exchange Commission (CVM) gathering suggestions for this regulation is in the final phase. CVM signaled that the topic is one of its priorities for 2025, indicating that the FÁCIL regime (Facilitation of Access to Capital and Incentive to Listings) may be available next year.
The Federal Supreme Court (STF) recognizes the General Repercussion on the scope of Property Transfer Tax (ITBI) immunity in capital contributions involving real estate
Last Wednesday, the Federal Supreme Court (STF) recognized the General Repercussion of the debate on the application of Property Transfer Tax (ITBI) immunity in property transfers for capital contribution, as provided in Article 156, paragraph 2, item I, of the Constitution. The issue to be decided is whether this immunity also applies when the company’s main activity involves real estate (purchase, sale, or lease of property).
