For Brazilian listed companies, the distinction between a Material Fact and a Market Announcement can have important implications for issuers, investors and Investor Relations Officers. Through Public Consultation SDM No. 01/2025, the Brazilian Securities and Exchange Commission (CVM) is considering changes to formalise Market Announcements as a distinct disclosure category and refine other aspects of the corporate disclosure framework.
Our specialists João Sartini, Alexandre Blois and Cecília Fernandes Costa, from our Corporate and M&A practice, analyse the proposed changes and their potential implications for the Brazilian capital markets in an article published by Legalink, an international network of independent law firms recognised by Chambers, of which Felsberg is the Brazilian member. Read the full article.
