News & Analysis as of

Brazil

Baker Botts L.L.P.

Trump Tariff Tracker -- July 23

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We are one week away from the re-imposition of the country specific reciprocal tariffs and U.S. trading partners continue to jockey for trade deals with the U.S. government. The latest victor in this race is Japan. The Trump...more

ArentFox Schiff

US Section 301 Investigation: Impact on Brazil Trade Practices and Businesses

ArentFox Schiff on

On July 15, the Office of the US Trade Representative (USTR) announced the initiation of a Section 301 investigation into Brazil’s trade practices to determine whether certain acts, policies, and practices of the Brazilian...more

Mayer Brown

Federal Government Publishes BR do Mar Program Regulation

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Decree No. 12,555/2025 has been published to regulate Law No. 14,301/2022, which established the BR do Mar Program (“BR do Mar”), setting forth the rules for the implementation, execution, and monitoring of measures to...more

Mayer Brown

Provisional Measure Limits the CDE Budget and Creates Rebalancing Mechanism

Mayer Brown on

On July 11, 2025, the Brazilian government published Provisional Measure No. 1,304/2025 (MP), introducing significant changes to the Brazilian energy sector. Below, we highlight the main points proposed in the MP....more

Mayer Brown

Capital Markets Insight: The Brazilian Sustainable Debt Market – A Cross-Border Regulatory Perspective

Mayer Brown on

As emissões de dívidas sustentáveis por empresas brasileiras nos mercados doméstico e internacional têm aumentado substancialmente. No exterior, o volume combinado de títulos verdes, sociais e sustentáveis emitidos por...more

Mayer Brown Free Writings + Perspectives

Capital Markets Insight: The Brazilian Sustainable Debt Market – A Cross-Border Regulatory Perspective

Sustainable debt issuances by Brazilian companies in both domestic and international markets have steadily increased. Abroad, the combined volume of green, social, and sustainability bonds issued by Brazilian corporates,...more

Mayer Brown

Brazilian Internal Revenue Service Publishes New Rules for Low-Value Debts and Debts Up to BRL 50 Million

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On July 7, 2025, the Brazilian Internal Revenue Service (IRS) published Notices No. 4/2025 and No. 5/2025, introducing new modalities of tax settlement by adhesion within the scope of administrative tax litigation, with...more

Alston & Bird

White House Issues New Tariff Letters

Alston & Bird on

On Wednesday afternoon, President Trump posted eight new tariff letters to his social media, stating that imports from the Philippines, Sri Lanka, Algeria, Iraq, Libya, Brunei, and Moldova would be subject to elevated tariff...more

Kelley Drye & Warren LLP

Trump Issues Reciprocal Tariff Letters to 8 Additional Trade Partners

On Wednesday, July 9, President Trump issued letters to eight additional trade partners notifying them of their country-specific reciprocal tariff rates that will go into effect on August 1. An updated reciprocal tariff chart...more

Husch Blackwell LLP

Week Twenty-Four in Trade

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President Trump Announces Higher Tariff Rates Effective August 1st- After announcing an extension of the reciprocal tariff rates from July 9, 2025, to August 1,2025, President Trump published letters which were sent to...more

Mayer Brown

CVM cria FÁCIL, regime que descomplica o acesso de companhias de menor porte ao mercado de capitais

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A Comissão de Valores Mobiliários (CVM) divulgou, no dia 03 de julho de 2025, as Resoluções CVM n.º 231 e 232, instituindo o regime FÁCIL – Facilitação do Acesso a Capital e de Incentivos a Listagem. A iniciativa tem como...more

Mayer Brown

Rio de Janeiro State regulates Energy Compensation Due in Certain Independent Electricity Generation Projects

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On June 27, 2025, Rio de Janeiro Governor enacted Decree No. 49,703 (the “Decree”), establishing compliance procedures for the obligations described in Rio de Janeiro State Law No. 10,456/2024, which relates to energy...more

Mayer Brown

Brazil’s Superior Court of Justice Reaffirms Joint and Several Liability for Corporate Groups

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In a recent unanimous decision in Special Appeal No. 2209077/RS, Brazil’s Superior Court of Justice (“STJ” or the “Court”) reaffirmed the broad application of joint and several liability under Law No. 12,846/2013 (the...more

Mayer Brown

PGDAU Notice No. 11/2025: Tax Settlement for Debt Regularization

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The Brazilian Attorney General's Office of the National Treasury (PGFN) has published PGDAU Notice No. 11/2025 (the “Notice”), which sets forth the conditions for tax settlements to regularize debts up to BRL 45 million...more

Mayer Brown Free Writings + Perspectives

Capital Markets Insight: International Bonds as an Alternative to Debentures for Brazilian Issuers

A bond is a debt obligation issued by a corporation or government for funding purposes. When investors buy a corporate bond, they are lending money to the corporation in return, in most cases, for the right to receive...more

Mayer Brown

Direito Tributário em Destaque | Especial Reforma Tributária – Créditos na Transição

Mayer Brown on

Com a proximidade da implementação das primeiras mudanças da Reforma Tributária, aprovada pela Emenda Constitucional n.º 132/2023, um dos principais temas de interesse dos contribuintes envolve a transição em relação aos...more

Mayer Brown

Novas Regras para Homologação e Operação dos Sistemas Free Flow nas Rodovias Brasileiras

Mayer Brown on

A Portaria Senatran nº 442/2025, publicada em 12 de junho de 2025, estabelece os procedimentos obrigatórios para homologação e interoperabilidade de sistemas de livre passagem (free flow) em rodovias de todo o território...more

Mayer Brown

Brasília em Pauta – Edição Nº 205

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Prezados e prezadas, O “Brasília em Pauta” é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF), Superior Tribunal de...more

Mayer Brown

Brasília em Pauta – Edição Nº 204

Mayer Brown on

Prezados e prezadas, O “Brasília em Pauta” é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF), Superior Tribunal de...more

Mayer Brown

MMA Opens Public Consultation on Regulation of the National Policy on Payment for Environmental Services

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Brazil’s Ministry of the Environment and Climate Change (MMA) has launched a public consultation on the draft decree intended to regulate Law No. 14,119/2021, which established the National Policy on Payment for Environmental...more

Mayer Brown

Brasília em Pauta – Edição Nº 203

Mayer Brown on

Prezados e prezadas, O “Brasília em Pauta” é um boletim semanal preparado pela equipe de Contencioso de Brasília, contendo os principais casos a serem julgados pelo Supremo Tribunal Federal (STF), Superior Tribunal de...more

White & Case LLP

Perspectives on water: The growing demand for projects in Latin America

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Latin America is at a pivotal moment in its water infrastructure development. Historically hindered by limited public funding and rigid policies, investment in sanitation, wastewater treatment, and desalination is now gaining...more

Mayer Brown

Clawback and Malus Provisions in the U.S. and Brazil: A Comparative Overview

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In today's corporate governance landscape, clawback and malus provisions have become key tools for promoting accountability and integrity. By incorporating these provisions, companies aim to align executive actions with the...more

White & Case LLP

AI Watch: Global regulatory tracker - Brazil (UPDATED)

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Brazil intends to regulate AI through Bill No. 2,338/2023 ("Brazil's Proposed AI Regulation"), although there are currently no specific codified laws, statutory rules or regulations in Brazil that directly regulate AI....more

Mayer Brown

Superior Court of Justice Changes Understanding on Statute of Limitations for Offsetting Tax Credits Arising from Judicial...

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The Second Panel of the Brazilian Superior Court of Justice (STJ) recently issued a significant decision regarding the time limit for the offset of tax credits recognized in final and unappealable judicial decisions. The...more

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