Deadline for submitting Foreign Capital Census declarations is now open
On July 1, 2020, the deadline to file the Annual Census of Foreign Capital in Brazil opened. The deadline is 6 p.m. on August 15, 2020, under penalty of a fine and other penalties.
Regional Labor Court denies employment relationship to motorcycle courier
The Regional Labour Court of the 12th Region dismissed a claim by a motorcycle courier who sought to be recognized as an employee of a restaurant in a town in the interior of Santa Catarina.
Securities and Exchange Commission Instruction reduces minimum shareholding percentages for filing lawsuits and exercising related rights
On June 23, 2020, the CVM published CVM Instruction 627, following a public consultation held in 2019. The new Instruction sets a new scale, as authorized by Law 6.404/76 (Brazilian Corporate Law), reducing, depending on the share capital, the minimum percentages of shareholding required to exercise the rights provided for in the Corporate Law.
Overview of insurance law in times of pandemic
It is undeniable that the insurance market is already suffering a major impact from the effects of the new coronavirus (Covid-19) pandemic, with a successive increase in claims. This impact on the market is generating enormous legal uncertainty, as it is not known how insurers will handle current and future policies, as well as the offer of products and services, with the risk of a medium and long-term scenario of greater litigation, requiring prior analysis of possible discussions.
