Brazil: Corporate/Commercial Law

This newsletter examines five recent Brazilian court decisions addressing critical corporate law issues, including shareholder meeting irregularities, due diligence limitations in SPE acquisitions, and the enforceability of non-solicitation clauses. The analysis explores how courts balance contractual freedom with corporate governance principles in disputes involving share redemptions, risk allocation in M&A transactions, and the legal treatment of pre-operational capital contributions.

A Receita Federal estabeleceu novo entendimento sobre a tributação de parcelas complementares em operações de alienação de participação societária sujeitas a condições suspensivas. A Solução de Consulta COSIT nº 96/2026 diferencia o tratamento tributário entre pagamentos contingentes e preços determinados, com impactos significativos na aplicação das alíquotas progressivas de IRPF sobre ganho de capital.

Regulation adjusts risk-based inspection and self-control framework, amends establishment registration, registration deadlines, and the sanctioning regime in the sector regulated by MAPA...

Brazil's Financial Activities Control Council imposed a R$ 7.4 million fine on an automotive company for anti-money laundering violations, while the US designation of PCC and CV as terrorist organizations creates new compliance challenges for Brazilian businesses. How are these developments reshaping corporate risk management and integrity frameworks across sectors?

Brazil's health regulatory agency Anvisa has approved the opening of an administrative process to regulate the sale and delivery of medicines through digital marketplaces, aiming to update sanitary rules to reflect the reality of online pharmaceutical retail that has evolved far beyond the outdated 2009 regulations. The decision comes after Law 15.357/2026 authorized pharmacies to contract digital platforms for logistics and delivery services, yet significant legal uncertainties remain about compliance requ

Four Brazilian federal authorities have jointly convened a public hearing to address the sale of counterfeit and irregular products through digital platforms, signaling a shift toward regulatory proposals for the digital marketplace. The hearing will examine critical issues including platform liability, product verification mechanisms, consumer protection, and cooperation frameworks between platforms, regulators, and rights holders.

Attorney Francisco Mont' Alverne joined the partnership of KLA Advogados this February, strengthening the firm's Corporate, M&A, Private Equity and Venture Capital practices.

O advogado Francisco Mont' Alverne passou a integrar neste mês de fevereiro o quadro de sócios do KLA, fortalecendo as áreas de Direito Societário, M&A, Private Equity e Venture Capital.

O especialista em prospecção no mercado jurídico Bruno Strunz recebeu Karin Alvo para um papo sobre carreira, cultura organizacional e desenvolvimento de negócios; podcast traz insights sobre relações com o cliente, formação de equipes e crescimento sustentável...

This corporate law newsletter examines four recent Brazilian court decisions addressing critical issues in corporate governance and shareholder rights. The cases explore usufruct rights over company shares, provisional administration arrangements during shareholder disputes, quota transfer procedures following a partner's death, and the enforceability of non-compete clauses in share transfer agreements.

Winston Taylor partner Rodrigo Carvalho discusses the increasing trend of Brazilian companies returning to restructuring negotiations amid challenging economic conditions. He explains how high interest rates, restricted credit, and shifting market dynamics are forcing businesses to revisit their financial recovery plans, emphasizing that returning to the negotiating table doesn't necessarily indicate failure of the original restructuring strategy.

A Controladoria-Geral do Estado de São Paulo abriu consulta pública para receber contribuições do setor privado sobre a criação do Selo Integridade Paulista, uma certificação voltada ao reconhecimento de empresas que adotam boas práticas de integridade e combate à corrupção. Empresas e entidades podem participar até 18 de setembro de 2026, contribuindo com sugestões sobre benefícios, obstáculos e modelos de avaliação d