According to the credit rating agency Serasa Experian, the number of applications for judicial recovery (“JR”) in 2015 was the most significant since the Brazilian Bankruptcy Law entered into force 10 …
Rulings order São Paulo State Tax Authorities to analyze Services and Merchandises Circulation Tax (“ICMS”) accumulated credit benefit requests within a reasonable time
The São Paulo State Court has been passing sentences favorable to companies headquartered in São Paulo, ordering the São Paulo State Treasury Office (“SEFAZ/SP”) to analyze and issue administrative …
Promoting Mediation for Commercial Disputes
Swedcham—in association with CAE-Eurocâmaras, the EuroChamber's Mediation and Arbitration Chamber—organized an event focusing on mediation and the Brazilian Legal Landmark, and its impacts in the …
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Cross Border M&A: Brazil
Cross‐Border M&A can be intimidating at best. At worst, it can be laden with foreign regulations, unfamiliar customs, and countless opportunities for miscommunication and failure. Until now, there …
New Deadline for Installment Payment of State Debts in São Paulo
On January 9th, 2016, the Government of the State of São Paulo, enacted Decree n. 61,788/2016 – Special Installment Programme of ICMS (PEP) – and Decree n. 61,789/2016 (Tax debts Installment …
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Debt waiver, potential tax impacts and possible alternatives
In the past few years, Brazil’s economy has disappointed. It grew by 2.2% a year, on average, a slower rate than other countries like China or India. It contracted by 1.6% in the first quarter, …
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