Energy Newsletter: Auctions, Free Market and Climate Resilience – October 2025
October 2025 marked regulatory advances in the Brazilian electricity sector with the approval of notices for the Existing Energy Auctions, definition of guidelines for the Capacity Reserve Auctions, and approval of PM 1,304/2025, which expands the free market to low-voltage consumers. The Transmission Auction moved R$ 5.53 billion, while new rules on climate resilience and […]
MME Public Consultation No. 202/2025LRCAP 2026 – Battery Storage Systems
Regulatory Context On November 10, the Ministry of Mines and Energy (“MME”) published Ordinance No. 878/2025, submitting for Public Consultation No. 202/2025, for a period of twenty days, the draft normative ordinance to establish the guidelines and framework for the Capacity Reserve Auction in the form of Power (LRCAP 2026 – Storage). The auction aims […]
New taxation on dividends in Brazil: what foreign investors need to know
Starting in January 2026, foreign investors will be subject to a new 10% tax on dividends in Brazil. Bill 1.087/2025 is awaiting presidential sanction and will bring significant changes to investment structures. Take a look at the special material prepared by our experts:
Brazilian Central Bank issues new rules on virtual assets
On November 10, 2025, the Brazilian Central Bank (“BCB”) published BCB Resolutions 519, 520, and 521 (collectively, the “New Rules”), which address: (i) the provision of virtual asset services in Brazil; (ii) the authorization process for rendering such services; (iii) the use of virtual assets in the Brazilian foreign exchange market; and (iv) the use […]
ANVISA launches package to reduce backlogs and streamline regulatory reviews
Measures cover drug registration, clinical trials, and expanded cooperation with international regulators On November 7, 2025, the Board of Directors of the Brazilian Health Regulatory Agency (Anvisa) approved a comprehensive package of structural and exceptional measures designed to address the Agency’s longstanding review backlog and enhance the overall efficiency and predictability of its regulatory decisions. […]
Bill proposes to expand CADE’s role in regulating digital markets
The Federal Government submitted Bill No. 4,675/2025 to Congress, proposing the creation of the Digital Markets Superintendence within CADE, a new authority with a significant role in the designation of agents with systemic relevance in the digital markets. The Bill provides that such agents may be subject to special obligations through a specific administrative proceeding. […]
New rules on research with human subjects in Brazil
In 2024, Law No. 14,874/2024 (“Clinical Research Law”) was enacted, establishing the baseline framework for research involving human subjects in Brazil. Since its publication, the Ministry of Health has undertaken studies to regulate the Law, focusing on institutional stability in support of clinical research. As a result of this effort, Decree No. 12,651/2025 (“Clinical Research […]
Brazilian National Congress approves the “Digital Brazilian Statute of the Child and Adolescent”
Bill No. 2,628/2022, known as the digital Brazilian Statute of the Child and Adolescent (“Digital ECA Bill”), has been approved by the Brazilian National Congress and is currently awaiting presidential approval. Introduced in response to growing public concern over the premature exposure of children to adult content and behaviors on social media platforms, the Digital […]