With the new legal rate based on fluctuating market interest rates, questions arise about predictability and legal certainty.
In the absence of a contract or other legal provision, the new law established the IPCA as the official index for monetary correction and the Selic rate, minus the IPCA, as the parameter for calculating interest on arrears.
This change allows creditors and debtors to know, from the outset, the criteria that will be applied in the event of default, eliminating the need for litigation.
Want to know more? Click here and check out the article by João Máximo Rodrigues Neto, a lawyer in our Litigation, Arbitration and Insolvency team, published by Consultor Jurídico.
