Coelho Vasques Advogados

NEWS

Read more about recent news relating to legal and business issues

11.22.2019

The Administrative Council of Economic Defense (“CADE”) held on October 16 and 30, 2019 its 147th and 148th trials. Those were the first trials conducted by the newly inducted Commissioners Sergio Ravagnani, Lenisa Prado and Luiz Hofmann.

 

 

We highlight two cases decided on the period: 1. The charging of a “safety fee” on customs storage market; e, 2. Evidence evaluation on cartel cases.

11.06.2019

On November 5, 2019 the Brazilian Superior Court of Justice (“STJ”) decided a case that not only outlined rural producers’ judicial recovery, but also the course of credit market in the segment. The decision of Justice Luis Felipe Salomão solved the case after split decision between Justice Marco Buzzi and Justice Raul Araújo of the 4th Group. STJ’s final decision in the case (Recurso Especial No. 1,800,032/MT) was that credits originated before rural producers’ due registry in the Commercial Registry are subjected to the judicial recovery procedure.

12.19.2018

The Brazilian President has decided to issue a Provisional Measure No. 863/2018 (“MP”) to modify some important provisions of the Brazilian Aeronautical Code (“CBA”). The MP was published in the Brazilian Official Gazette on December 13, 2018, with immediate effects. It implements substantial changes to the national aviation market, as it allows up to 100% of foreign shareholding in Brazilian airlines companies.

12.18.2018

Brazil has enacted a law about sports betting, which was published on December 13, 2018. Sport bets were already present in Brazilians routine, gaining prominence in the FIFA World Cup and football championships. However, this presence was considered marginal in the national territory, since it was not regulated and collided with the image of gambling, which is illegal since Decree Law No. 9,215/1946. Therefore, sports betting has the potential to consolidate as a relevant – and lawful – practice in Brazil.

09.09.2018

The Administrative Council of Economic Defense (CADE) published last Wednesday (September 5), Resolution No. 21/2018 about the publicity of documents and information of administrative procedure, to promote antitrust damages actions in Brazil. New guidelines were defined for disclosure of documents from leniency agreements, settlement agreements in antitrust cases and search and seizure procedures.

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