The Securities and Exchange Commission (CVM) rules in favor of Nelson Tanure in the Gafisa case, as he takes on a role in another retail sector negotiation

Last Wednesday (18), the Securities and Exchange Commission (CVM) issued a favorable decision to businessman Nelson Tanure in a sanctioning case involving Gafisa’s 2019 capital increase. The charge became public in October of that year and claimed that Tanure and other members of Gafisa’s Board of Directors had approved a capital increase with price conditions that were not in compliance with the Brazilian Corporations Law.

 

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This newsletter provides information about legal developments in Brazil to clients and members of Cescon, Barrieu, Flesch & Barreto Advogados. The content included herein is not meant to provide legal advice with respect to any specific matter. We do not undertake to update, supplement or modify the information contained herein.

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