News & Analysis as of

Brazil Regulatory Reform

Mayer Brown

CONAMA Updates Rules on Notification of Management Authorities of Conservation Units in Environmental Licensing

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On July 30, 2025, Brazil’s National Environmental Council (CONAMA) published Resolution No. 508/2025 (the Resolution), amending Article 5 of Resolution No. 428/2010. The updated provision addresses the procedures for...more

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The New Face of Finance Companies: What Changes with CMN Resolution No. 5,237/2025

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In one of the most relevant regulatory developments in years, the Brazilian National Monetary Council (“CMN”) issued Resolution No. 5,237, dated July 24, 2025 (“CMN Resolution 5,237/25”), establishing a new regulatory...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

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

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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

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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

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ANTAQ Publishes New Guidelines on Transfer of Corporate Control in Port Contracts

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The Brazilian National Agency for Waterway Transportation (ANTAQ) published Resolution No. 128/2025 (RN 128/2025), revising the procedures for the transfer of corporate control under port authority concession contracts, lease...more

Mayer Brown

Guia Da Reforma Do Setor Eletrico

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Em 21/05/2025, foi publicada a Medida Provisória nº 1.300/2025 (“Medida Provisória” ou “MP”), conhecida como MP da Reforma do Setor Elétrico. A iniciativa do Ministério de Minas e Energia (“MME”) foi estruturada em três eixos...more

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Guide to the Reform of Brazil’s Energy Sector

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On May 21, 2025, Provisional Measure No. 1,300/2025 ("Provisional Measure" or "MP"), also known as the Power Sector Reform MP, was published in the Federal Official Gazette. This initiative of the Ministry of Mines and Energy...more

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CVM Abre Consulta Pública para Discutir o Aprimoramento das Regras de Divulgação de Informações ao Mercado por Companhias Abertas

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A Comissão de Valores Mobiliários (CVM) divulgou, em 13 de maio de 2025, o Edital de Consulta Pública SDM n.º 01/25 (Edital), que submete à apreciação do mercado proposta de substituição integral da Resolução CVM n.º 44/21,...more

Hogan Lovells

Brazil – a new ally for the enforcement avengers? Brazil collaborating with China on anti-corruption enforcement

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At a legal industry event on 9 April 2025, Marcelo Pontes Vianna, the head of the secretariat for private integrity of Brazil's Office of the Comptroller General (CGU), the national antibribery agency, highlighted Brazil's...more

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TUPs May Contract Third Parties to Provide Port Services or Lease Areas Within a Terminal

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In a move aimed to reduce bureaucratic red tape, Brazil’s National Waterway Transportation Agency (ANTAQ) reached an understanding, through Ruling No. 662/2024 (SEI Process No. 50300.015705/2023-10), to allow the...more

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STF Establishes Non-Incidence of ISS on Commissioned Manufacturing Activities

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The Brazilian Supreme Court (STF) decided that the Tax on Services’ (ISS) non-levy on toll commissioned manufacturing activities, whenever these activities refer to the intermediary activities of a production cycle. The...more

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Brazil: Federal Decree Regulates FUNAI's Enforcement Powers

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AT A GLANCE - Federal Decree No. 12,373/2025, published on February 3, 2025, reinforces FUNAI’s regulatory authority over indigenous lands and restricted areas by outlining offenses such as unauthorized entry by...more

Mayer Brown

RFB Ordinance No. 501/2024 – Consumption Tax Reform Program

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With the advance of the regulation of the Tax Reform object of Constitutional Amendment No. 132/2023, the Brazilian Internal Revenue Service (“IRS”) published the Ordinance No. 501/2024 on December 26, 2024, which established...more

Mayer Brown

Brazil Passes ‘Legal Framework for Games’ Legislation

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In early May, Brazil’s Law No. 14,852/2024 (the “Legal Framework for Games” or the “Framework”) was published. Originating as Bill No. 2796/2021, the legislation provides the necessary legal framework for the burgeoning...more

White & Case LLP

AI Watch: Global regulatory tracker - Brazil

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The enactment of Brazil's proposed AI Regulation remains uncertain with compliance requirements pending review. Laws/Regulations directly regulating AI (the “AI Regulations”) Brazil intends to regulate AI through Bill...more

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