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Partners residing and domiciled or headquartered abroad must grant power-of-attorney to legal representative in brazil for an indefinite period of time

Category: M&A and private equity

On March 3, 2017, Normative Instruction No. 34 was issued by the Department of Integration and Company Registration (“DREI”), which provides rules for the registration with the local Boards of Trade of corporate acts of Brazilian companies that have as owners: (i) foreigners residing and domiciled in Brazil, (ii) Brazilian citizens or foreigners residing and domiciled abroad, and (iii) legal entities headquartered abroad (“IN 34”).

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BNDES announces new operational policy and financing conditions

Category: Infrastructure and energy

Júlia Rodrigues Coimbra, Larissa Gebrim and Tamiris Guimaraes   In early 2017, BNDES announced new operational policies that will govern financing granted by the bank. This announcement followed a review process looking at BNDES’s manner of operational practices, which began in September of 2016, when the conditions for financing for infrastructure projects were announced...

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LEXpress Tributário- Edição EXTRA 26/2016

Category: Tax

Federal Revenue Service publishes Normative Rulings that regulate the exchange of information between tax authorities – Country-by-Country Report (“CbC”) and Common Reporting Standard (“CRS”).

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Public prosecutor in minas gerais files a public civil action and seeks ban on environmental licensing of dams raised upstream

Category: Environmental

Daniela Stump, Liliam Yoshikawa, and Daniel Guariento    The Public Prosecutor of Minas Gerais ("MP/MG") filed, on April 11, 2016, Public Civil Action No. 5162864-29.2016.8.13.0024 ("ACP") against the State of Minas Gerais in order to impose on the State, among other prayers for relief, the obligation not to grant or renew licenses or permits involving building or expansion of mining tailings dams that use the upstream construction method...

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Machado meyer introduces new flexibility policy for fathers and mothers and launches a diversity committee

Category: Infrastructure and energy

Machado Meyer has just instituted a new flexibility policy for parents of newborns or babies in their first year of life. The pioneering initiative is part of the efforts of the Women in Machado Meyer Program created five years ago.

With the changes, the benefit for mothers, which has been in place since 2011, will be extended to include adopted children. The firm also launched a pilot project for employees who become fathers to also take advantage of the benefit.    

The firm has also created its Diversity Committee. With this new initiative, Machado Meyer seeks to create new policies geared towards other forms of diversity, beyond gender.

The treatment that must be adopted by companies with respect to the adoption of children by homoaffective couples and how the brazilian social security service has been handling the issue

Category: Labor and employment

Cristiane Masuno and André Graça     The traditional concept of a family has undergone, over time, public and private transformations as a result of the interest by and the new reorganization of society. In addition to the traditional family, formed by the marriage between a man and a woman, new customs and values have been introduced...

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