By Neil Montgomery and Ana Carolina Penteado
On February 1st, 2008, SUSEP (Private Insurance Superintendence) published Ruling (Circular) No 359 in the Official Gazette, establishing the procedures for the registration of admitted reinsurers in Brazil and for obtaining SUSEP´s authorization for opening a representative office (“escritório de representação”) in Brazil.[more]
By Maria da Graça Pedretti, Thiago Medaglia and Juliana Martines
Published on December 28, 2007, Law No. 11,638/07 has brought a series of alterations to Brazil’s Law of Corporations (Law No. 6,404/76), especially in what concerns the accounting control systems for activities undertaken by corporations.[more]
By Antonio Amendola
Important tax changes were implemented in Brazil at the beginning of 2008 byvirtue of the CPMF tax not having been extended by Congress.[more]
By Corporate Team
The Foreign Capital and Exchange Bureau (DECEC) of the Brazilian Central Bank (BACEN) in accordance with Circular N 2997/2000, requires that all Brazilian companies whose equity interest is held by non-resident quotaholders/shareholders must update their economic-financial information on BACENs electronic system with information pertaining to the financial year of 2007.[more]
By Corporate Team
In accordance with Article 1078 of the Brazilian Civil Code (Law No. 10406/02) and Articles 132 and 133 of the Brazilian Law of Corporation (Law No. 6404/76 and its amendments), Brazilian limited liability companies (Sociedades Limitadas) and Brazilian corporations (Sociedades Por Aes) must hold an Annual General Quotaholders Meeting (Reunio or Assemblia) and a General Ordinary Shareholders Meeting (Assemblia Geral Ordinria) respectively, every year, within four (4) months after the termination of the preceding financial yea...[more]
The Rio de Janeiro Oil & Gas Department of Felsberg e Associados, coordinated by partner David L. Meiler has advised Pride International, Inc. during negotiations with Petroleo Brasileiro S.A. - Petrobras for...[more]
Bracor Investimentos Imobiliários has just welcomed the arrival of four new partners. The company was created in 2006 by Equity Group (founded by Sam Zell) and the Brazilian entrepreneur Carlos Betancourt. After...[more]
Felsberg e Associados has provided legal representation to Bradesco Leasing S.A. Arrendamento Mercantil, in the capacity of issuing company, and Banco Bradesco BBI S.A., in the capacity of bank coordinator, on the registration...[more]
The 18-year old Brazilian soccer player Breno has transfered from São Paulo FC to Bayern Munich FC until 2012. Breno is the 31st Brazilian soccer player to play in the German Bundesliga. Brazilians represent...[more]
Felsberg e Associados Tax Department, under the supervision of Partner Paulo Sigaud, has recently received an important addition. Attorney Ivan Luiz Sobral Campos has...[more]
