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...

The Superintendence of Private Insurance (SUSEP) has opened a public consultation to gather input from market participants on regulatory priorities for 2027. This initiative comes at a critical juncture following the implementation of Law No. 15,040/2024 and recent CNSP Resolutions that have introduced significant changes to Brazil's insurance and reinsurance markets.

Brazil's Provisional Presidential Decree No. 1,394 has imposed an immediate ban on fixed-odds betting operations, including sports betting and online gaming, affecting both domestic and foreign operators serving Brazilian customers. The measure establishes strict deadlines for platform shutdowns, bettor refunds, and the termination of existing authorizations, while imposing new obligations on financial institutions, technology companies, and advertising participants.

A Portaria Interministerial MPS/MF nº 16/2026 estabelece novas regras para divulgação e revisão do Fator Acidentário de Prevenção (FAP) aplicável em 2027, impactando diretamente a alíquota do Risco Ambiental do Trabalho (RAT) sobre as remunerações dos empregados. As empresas já podem consultar seus índices individuais desde 30 de setembro de 2026 e têm um prazo específico para contestar eventuais divergências nos elementos

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...

Brazil has enacted comprehensive legislation establishing a National Policy on Critical and Strategic Minerals, creating new regulatory frameworks that will fundamentally reshape how mining companies operate in the country. The law introduces mandatory revenue allocations, a new guarantee fund structure, and a council with broad approval powers over corporate transactions and international agreements.

Business development is measured by growth, marketing by visibility, investor relations by market confidence, and human resources by attracting talent. Together, these functions shape the public image of an organisation and, increasingly, its compliance profile.

This newsletter examines five recent Brazilian corporate law decisions addressing poison pill mechanisms in public companies, usufruct rights over quotas during partner withdrawal, voting impediments in account approval, quota transfers in real estate SPEs, and self-contracting in quota assignments. The analysis explores how courts are interpreting statutory protections, partner rights, and the temporal limits for challenging corporate transactions.