Mattos Filho opens new office in Brazil’s capital

As Mattos Filho approaches its thirtieth anniversary, it has started a new chapter in Brasília. The firm has opened a bigger, more modern office located in the city’s South Commercial Sector (Setor Comercial Sul), its primary business district. The new address will accommodate a higher number of professionals – the headcount at the office has grown by 130% in the last six years alone – strengthening Mattos Filho’s commitment to being a strategic partner for clients, especially in litigations with regulatory bodies, the higher courts, and Brazil’s legislative and executive branches.
With six partners based in Brasília – the highest number among all full-service firms in the region – Mattos Filho’s structure makes the firm a benchmark for handling legal matters in the Brazilian capital. “The expansion of our operations in Brasília strengthens our firm’s position and unites our professionals’ expertise to provide innovative, high-performance legal services, in line with our clients’ needs,” highlighted Mattos Filho’s managing partner, Roberto Quiroga.
Alphabet Inc’s (GOOGL.O) Google Cloud announced on Tuesday it has invested 1.6 billion reais ($312.65 million) in technical infrastructure since 2017 in Brazil, as well as the opening of a new office and engineering center in the country.
Google Cloud investments have been aimed at “helping the company’s customers diversify their service portfolios, extend their digital capabilities, and drive new business,” the company said at the Google for Brazil event in Sao Paulo, the country’s financial capital.
“During this (five-year) period, an amount of 1.6 billion reais was allocated to improve Google Cloud’s technical infrastructure in Brazil.”
Google also announced the opening of a new engineering center in Sao Paulo and a new Google Cloud office in 2023.
In January, Google said it was set to hire 200 engineers in Brazil this year, as it seeks to bolster its privacy, security, and anti-abusive content technologies.
Reporting by Steven Grattan Editing by Bernadette Baum via Reuters
Proskauer, a leading international law firm, is pleased to announce that it has received top-tier rankings across 56 practice areas, and 100 lawyers were recognized as leaders in their field, including seven newly ranked attorneys, in the 2022 edition of Chambers USA.
This year, Chambers USA ranked 19 lawyers and 11 of the Firm’s practice areas in Band 1, including Banking & Finance, Employee Benefits and Compensation, Healthcare, Labor & Employment, Litigation, Private Equity and Sports Law. Four of the Firm’s lawyers also earned recognition in the Eminent Practitioner, Star Individual or Senior States people categories.
Five of Proskauer’s practice areas received a first-time ranking, including Bankruptcy/Restructuring (Massachusetts), Litigation: General Commercial (Massachusetts), International Arbitration: Enforcement (Nationwide), Investment Funds: Investor Representation (Nationwide), and Banking & Finance (New York).
View a complete list of the 2022 Chambers USA rankings
About Proskauer
We are 800+ lawyers serving clients from 12 offices located in the leading financial and business centers in the Americas, Europe and Asia. The world’s leading organizations, companies and corporations choose us to be their representatives in their most critical situations. But more, they consider Proskauer a strategic partner to drive their business forward. We work with asset managers, major sports leagues, Fortune 500 companies, entertainment industry legends and other industry-redefining companies.
Após 50 anos, continuamos nos orgulhando da nossa história. Por isso, preparamos um hotsite especial para contarmos um pouco sobre a nossa trajetória, além de compartilharmos conteúdos inéditos e depoimentos de nossas pessoas.
Integrando as comemorações dos 50 anos do Machado Meyer, preparamos uma série especial de videocasts para relembrar nossa trajetória, revelar curiosidades e abordar as expectativas e anseios para o futuro. No episódio de estreia, o sócio-administrador, Tito Andrade, recebe os sócios-fundadores, Antonio Meyer, Moshe Sendacz e José Roberto Opice, para comentar o início da sociedade, o percurso de crescimento e outras histórias.
Neste ano de 2022 serão realizadas eleições para diversos cargos em nível federal, estadual e distrital. O início das campanhas eleitorais traz diversos pontos de atenção para as empresas, que devem ajustar suas políticas internas/programas de compliance a fim de mitigar riscos relacionados à matéria.
Com o objetivo de ajudar as empresas em sua adaptação ao período eleitoral, o BMA preparou uma série de perguntas e respostas sobre temas recorrentes. Com o objetivo de ajudar as empresas em sua adaptação ao período eleitoral, o BMA preparou uma série de perguntas e respostas sobre temas recorrentes.
>>> Confira mais detalhes no infográfico produzido pela nossa equipe.
For more information contact: Giovanni Manini de Castro
After nearly 8.5 months in lapse the EB-5 Regional Center Program may be authorized until September 30, 2027 – with the following significant changes, among others:
Investment Amounts
Investment amounts would increase to $800,000 in Targeted Employment Areas (TEA’s), geographic areas designated by the appropriate government authority as priority high-unemployment areas, and $1,050,000 in non-TEAs with investment amounts adjusted for inflation every five years starting January 1, 2027.
Concurrent Filing of EB-5 Petition and Application to Adjust Status
Investors in the United States will be able to concurrently file their EB-5 petitions along with their application for a “conditional” green card, which adjusts status from a “non-immigrant” to a conditional permanent resident if a visa is available.
“Grandfathering” Existing Investors
If Congress fails to authorize the EB-5 Regional Center Program after its expiration September 30, 2027, DHS shall continue to process petitions filed on or before September 30, 2026 – preventing a repeat of what has happened to existing EB-5 regional center investors since June 30, 2021.
By Chris Costa, Senior Associate at Drummond Advisors, and Matheus Etrusco, Associate at Drummond Advisors via Drummond Advisors
Dal Pozzo Advogados are specialists in Public Law in the areas of Infrastructure, Regulation, Public Services, Administrative Law, Litigation and National-International Arbitration. Offering personalized services, they treat each case with professionalism to maximize legal efficiency and facilitate understanding of the corporate landscape.
The broad range of experience and expertise of their staff offers a unique market position with the ability to solve complex legal problems and help their clients achieve results in an ever-evolving business environment.
We were recognized in the Social Responsibility and Pro Bono category of the Prêmio Lumen (Lumen Awards) in a ceremony held on Tuesday, May 31. The awards – an initiative of the Center for Studies of Law Firms and the Union of Law Firms for the States of São Paulo and Rio de Janeiro – recognize good practices by law firms that make a positive impact on society.
We received the award for our work in cooperation with the São Paulo Public Defender’s Office, referring cases to provide individuals with comprehensive, free legal assistance, as well as preparing research and memoranda on human rights issues.
We would like to congratulate our professionals for their dedication and thank Prêmio Lumen for recognizing our efforts. This is how we drive transformation through the practice of law, giving back to society and contributing to its progress.
O Brasil está entre os cinco países com o maior número de investidores em criptomoedas, algo que não passa despercebido pelas empresas globais do setor. Gigantes como Binance, Coinbase, FTX e Crypto.com já possuem presença local, e a tendência é que, com a chegada do marco regulatório das criptomoedas, mais delas venham para ficar.
Cerca de 10 milhões de brasileiros já investem em criptomoedas, segundo um estudo da Binance em parceria com a TripleA divulgado no ano passado. O número corresponde a 5% da população e é maior que o total de investidores pessoas físicas cadastrados na B3 – cerca de 4 milhões.
Acompanhe em primeira mão o conteúdo do Forbes Money no Telegram
O Brasil fica atrás apenas de Índia, Estados Unidos, Rússia e Nigéria em número de investidores em criptomoedas.
Sean Rach, ex-CMO da Crypto.com e cofundador da plataforma de serviços financeiros Hi, afirma que a desvalorização do real em relação ao dólar é um dos principais fatores que tornam as criptomoedas tão atrativas aos brasileiros. “Além da capacidade de inovação e de criação de soluções nesse ecossistema, o que abre diversas oportunidades”, acrescenta.
Por Isabella Velleda via Forbes
Digital payments are driving a profound change in Brazil’s banking sector. Over the past 10 years, a silent revolution in Brazil has led to increased competition, more financial inclusion and lower banking fees.
The explosion of digital payments in Brazil has created an innovative financial ecosystem that works for ordinary people.
This progress is the result of a combination of an overhaul in the payments regulatory framework, intensive use of technology, entrepreneurship and a focus on creating products that address the needs of Brazilian customers.
By David Vélez, Founder and CEO, Nubank via World Economic Forum – This article is part of the
If you lead, manage, or plan a workforce, you’re familiar with disruption—and have seen a lot of it lately, including geopolitical and social crises and the biggest public health emergency in living memory. And you’ve spent time and energy on everything from designing remote and hybrid work experiences, to understanding the “great resignation,” to simply trying to keep your people safe.
Against this backdrop, you need to keep sight of the urgent, fast-moving workforce challenges you face—without losing sight of the long game. You need to inspire and support your people now, even as you help them redefine the nature of their jobs and roles so they can thrive in a highly uncertain future. Only by getting the balance right can you create the kinds of sustained outcomes that will benefit the company, your workforce, and even society.
A good place to start is by grounding your thinking in a better understanding of the dynamics that your workforce strategy arises from, and that it depends on. Four underlying forces—specialization, scarcity, rivalry, and humanity—have been shaping workforces at key points throughout human history, and they’re highly relevant again today. Taken together, the forces offer a framework to help companies understand the interplay between workforce strategy, business strategy, culture, and technology.
By Bhushan Sethi, Blair Sheppard, and Nicole Wakefield via PwC
Our high-performance team combines its expertise in offering highly integrated, collaborative legal services that are renowned throughout the market. As the ideal strategic partner for anticipating trends and solving your most complex problems, our full-service model unites the best lawyers across more than 40 areas of the law.
We have extended our reach beyond Brazil’s borders in seeking to shorten distances and strengthen connections with our international clients. We have established offices in New York and London, helping us to remain close to those around the world who wish to do business in Brazil.
We understand our professionals are vital to our business and that performance and well-being go hand in hand. That is why we prioritize a humanized approach to people management, caring for our people and developing their full potential.
Avianca, the flag carrier of Colombia, and GOL, the third-largest airline in Brazil, will come together under a new holding company called Abra Group Limited, which will own both airlines.
Each airline will maintain its own brand and continue to operate separately. When the deal closes, expected in the second half of this year, Abra Group will operate similarly to the large airline holding company in Europe – International Airlines Group (IAG), which owns British Airways, Iberia, Aer Lingus and other smaller airlines.
Abra will also own low-cost carriers Viva Colombia and Viva Peru, which recently announced plans to join Avianca, while keeping operations independent.
Even though these airlines will all remain independent, there may be some awkward uncertainties for two major U.S. airlines: American and United.
By Ethan Klapper via The Points Guy.
In early 2022, the US Internal Revenue Service issued new rules for calculating foreign tax credits. Surprisingly, this initiative may create a significant commercial barrier for Brazilian companies, as income tax paid in Brazil is no longer creditable in the United States. Consequently, Brazilian companies will have to come up with new strategies when conducting business there.
In this episode, Mattos Filho Tax partners Lisa Worcman, Gil Mendes and Luiz Felipe Ferraz discuss the impacts of the new rules for Brazilian companies, and how they may approach the new scenario.
The legal issues discussed in this episode are based on the date of its release. For more news and legal analyses related to your company’s everyday activities, please visit mattosfilho.com.br/unico
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Gil Mendes
gil.mendes@mattosfilho.com.br
+55 11 3147 4632
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lisa.worcman@mattosfilho.com.br
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Luiz Felipe Ferraz
lferraz@mattosfilho.com.br
55 11 3147 7870
Luiza Helena Trajano, a presidente do conselho de administração do Magazine Luiza, recebeu ontem (9) o prêmio de “Personalidade do Ano” pela Câmara do Comércio Brasil-Estados Unidos de Nova York. Ela é a terceira mulher e segunda brasileira a receber a homenagem que é realizada desde 1970 – sempre a duas figuras importantes do Brasil e dos Estados Unidos que se destacaram no relacionamento entre os dois países.
A nomeação de “Person of the Year” aconteceu no início de 2020; mas, por conta da pandemia de Covid-19, foi adiada por dois anos. Em entrevista à Forbes, que organizou uma festa relacionada à premiação, a homenageada destacou a responsabilidade que acompanha o título: “Sinto que minha responsabilidade como empresária e líder da sociedade civil só aumenta”.
Por Redação Glamour/Globo.com
A B3 divulgou hoje (2) a nova carteira do índice Ibovespa, que irá vigorar até o dia 2 de setembro de 2022. A grande novidade é a entrada da SLC Agrícola (SLCE3), com peso de 0,241%. Com as alterações, o índice contemplará 92 ativos de 89 empresas.
Os cinco ativos de maior peso na composição do índice se mantiveram os mesmos, mas com novas participações: Vale ON (15,582%, ante 14,783% ), Petrobras PN (6,864%, estável), Itaú Unibanco PN (5,661%, ante 5,142%), Bradesco PN (4,606%, ante 4,556%) e Petrobras ON (4,492%, ante 4,205).
A SLC Agrícola foi fundada em 1977 e é produtora de soja, algodão e milho; criadora de gado e detentora da marca SLC Sementes, que produz e comercializa sementes de soja e algodão. Foi uma das primeiras empresas do setor a ter ações negociadas na Bolsa de Valores.
Por Isabella Velleda via Forbes
Leia mais em: https://forbes.com.br/forbes-money/2022/05/carteira-ibovespa-b3-anuncia-entrada-da-slc-agricola-slce3/
Click here for more information and registration.
No one yet knows precisely what the Metaverse is or how relevant it will become over the next few years. Even so, it is a frequent topic of discussion and has attracted the attention of various publics, including investors who are enthusiastic about the possibilities presented by the new technology.
It’s part of BMA‘s DNA to think creatively and to seek innovative solutions for our clients. That’s why we have asked practitioners from BMA’s various practice areas to contribute articles that share their views of how the law might apply in the Metaverse.
Click here to access the entire publication, or click here to go directly to the articles that interest you.
This exchange program, organized by Civics Education – founded by Felipe Neves (POY Fellow and Stanford Law School Class of 19, will bring 15 low income students to the U.S. for the first time in order to foster their knowledge about law and entrepreneurship, by visiting Universities and Tech Companies, and help them to build new dreams and new goals. This program will be tailored to participants’ interests in academic coursework, leadership training and networking. Our goal is to give them exposure to a variety of professional and academic contacts, leaders and innovators, so they can go back to Brazil and contribute to the development of our society.
Some facts about the selected students:
• 80% are black.
• 65% are female.
• 45% are LGBT.
StoneTurn, a global advisory firm, assists companies, their counsel and government agencies on regulatory, risk and compliance issues, investigations and business disputes.
They serve their clients from offices across the U.S., U.K. and in Germany, Brazil, South Africa, and Singapore assisted by a network of senior advisers around the world.
Brazilian health agency Anvisa on Saturday issued a new set of rules for incoming international travelers, easing restrictions related to the COVID-19 pandemic as the health crisis subsides in the South American nation.
Anvisa said vaccinated Brazilians and foreigners are now exempt from presenting proof of a COVID-19 test with a negative or non-detectable result. They are only required to present proof of vaccination, printed or electronically.
“In general, the new rules confirm vaccination as the basis for national border policy for all modes of transportation,” Anvisa said in a statement. “Complete immunization is mandatory for all individuals eligible for vaccination and who intend to enter Brazil.”
Under the rules, a traveler is considered fully vaccinated after taking two doses or a single dose of a anti-COVID vaccine, depending on the type of immunizer. The vaccination scheme must be complete at least 14 days before the date of departure, Anvisa said.
Reporting by Ana Mano Editing by Alistair Bell via Reuters.
Also known as the official technical event of the New York Sugar Dinner, The ISO DATAGRO NY Sugar and Ethanol Conference was held in a digital format during its last edition and will return to its original format this year on May 11, 2022 from 7:30 AM to 4:10 PM EDT at 583 Park Avenue, New York, NY 10065. The event will gather experts and influential players in the global sugar-energy community. These world-renowned leaders will tackle topics related to the main issues of the global sugar and ethanol industries. Don’t miss the opportunity to learn from specialists and gain invaluable business insights on the following topics: ▪️ What to Expect for Brazil & Other Main Fundamentals in 21/22 & 22/23
▪️ World S&D in 21/22 & 22/23 (Oct/Sep)
▪️ Perspectives for Sugar and Ethanol in India
▪️ Ethanol in Sustainable Mobility
▪️ Trade Flows & Market Perspectives
▪️ Technological Innovation & Trends
▪️ Investments & Financing Opportunities for the Agribusiness Sector Click here for more information and Registration.
At Wentworth Consulting Group, their team of experts works with companies to understand their goals and hurdles, and how to improve their business. They provide strategic management consulting and business operations support, including Procurement, Recruiting, HR and Financial Services.
Dear friends of BrazilFoundation,
After three years of significant growth in fundraising in New York and Brazil, and record revenue in 2021 of USD 8.3 million, I am honored to announce that BrazilFoundation has received a grant of USD 5 million from writer, activist, and philanthropist MacKenzie Scott.
This generous gift of unrestricted resources will allow BrazilFoundation to deepen and substantially expand strategic investments in civil society innovations. With these funds we plan to provide multi-year grants in selected priority fields, generate public awareness of groundbreaking equity initiatives, contribute to building a deep bench of transformative social sector leaders and catalyze national dialogue around access, equity and participation.
In 2021, we invested in 155 civil society organizations in 24 states of the country, which work at the community level, with projects with the potential to influence local or national public policies, through creative methodologies developed to improve the lives of people in the community.
As president & CEO of BrazilFoundation, I am extremely happy to share this news with you!
I emphasize that this recognition is the result of the work that BrazilFoundation and its team have been developing over the last 22 years, with the valuable support of families, individuals, companies, and foundations that have always supported this project.
Thank you so much for being part of this story.
Best,
Rebecca R. Tavares, Ed.D
President & CEO, BrazilFoundation
_______________________________________________________________________________________________________________________________________________
Continue reading “USD 5 million to transform Brazil | USD 5 milhões para transformar o Brasil”
Com a entrada em vigor do artigo 1º da Lei 13.818/19 em 1º de janeiro deste ano, as publicações ordenadas pela Lei 6.404/76 (Lei das Sociedades Anônimas – LSA) ganharam novas regras.
As modificações alteraram o artigo 289 da LSA e criaram um procedimento mais simples e flexível, que atende, ao menos parcialmente, à expectativa das sociedades anônimas por um regime de publicidade modernizado e menos oneroso. A essas mudanças somam-se as recentes modificações na LSA promovidas em 2021 pelo Marco Legal das Startups (Lei Complementar 182/21).
A modificação mais relevante foi acabar com a obrigação das companhias de realizar essas publicações nos veículos oficiais de imprensa da União, dos estados ou do Distrito Federal. Pela nova redação do artigo 289, as publicações “deverão ser efetuadas em jornal de grande circulação editado[1] na localidade em que esteja situada a sede da companhia, de forma resumida e com divulgação simultânea da íntegra dos documentos na página do mesmo jornal na internet, que deverá providenciar certificação digital da autenticidade dos documentos mantidos na página própria, emitida por autoridade certificadora credenciada no âmbito da Infraestrutura de Chaves Públicas Brasileiras (ICP-Brasil)”.
A nova redação é aplicável às publicações obrigatórias realizadas a partir de 1º de janeiro de 2022, independentemente do período (exercício social ou trimestre) a que se refiram. Abrange, por exemplo, as demonstrações financeiras referentes ao período encerrado em 31 de dezembro de 2021.
BRQ is one of the leading Digital Transformation companies in Brazil. The BRQ end-to-end service platform offers the most efficient and innovative solutions, technologies and methodologies, enabling a transformation journey for major brands, from different fields, in Brazil and overseas. With over 3,000 employees, the company stands out as one of the best places to work by GPTW and Glassdoor.
[The REDD Insight is a daily market comment produced by senior members of the REDD Intelligence Latin America newsroom. The views expressed in this report are solely those of the author(s) and are not necessarily either
shared or endorsed by REDD.]
“I told Putin that Brazil supports any country that seeks peace. And that’s his intention.” — Jair Bolsonaro, talking to reporters after meeting with the Russian leader Russia’s invasion of Ukraine has sent shock waves through financial
markets. For Latin American countries, there is an upside of this terrible conflict, but the potential downside could be very steep. As commodity prices surge ― especially oil, gas and wheat, which are mostly produced by the two countries in armed conflict — some countries will see higher revenues on oil sales. Ecuador serves as an example. In a recent interview broadcast on social media, President Guillermo Lasso said the recent increase in oil prices could imply USD 25 in additional revenue per barrel for Ecuador. So far this year, he added, oil price hikes have translated to USD 100m in extra revenues for the country.
Assuming prices stay constant, Ecuador could pull in additional revenues of USD 1.7bn this year, according to an analysis from local economists Walter Spurrier and Alberto Acosta Burneo. Still, Lasso pointed out during his interview that his government would “not create permanent expenditures with temporary revenues.” But for companies like state-owned Pemex and Petrobras, higher oil prices will translate into higher fuel prices, eating into some gains from the rally.
by Maria Fernanda Blaser, Carla Dager and Edgar Sigler via REDD
Monkey is an ecosystem that makes the market for receivables more efficient, benefiting large enterprises’ supply chain and expanding the credit for SMEs in the Americas, Europe and beyond.
Gladstone Arantes, a director of the Brazilian Development Bank (BNDES), gave new details about the progress of the Brazilian Blockchain Network, a project that has been in development since 2018. The network will be created on top of the Hyperledger Besu 2.0, which uses a proof-of-authority consensus mechanism. The final goal of this project is to move public spending to the network in order to increase the transparency of these fund movements.
The Brazilian Blockchain Network, a project that was conceived back in 2018, is now in its development phase. Gladstone Arantes, head of blockchain initiatives at the Development Bank of the country (BNDES), revealed new insights about the development and the technical data of the project. At the Ethereum.Rio event, Arantes stated the project had selected Hyperledger Besu 2.0 to be its base platform, and that the network would also be using a proof-of-authority consensus system.
Proof-of-authority means there will be no mining on top of the chain, and that state actors will maintain control of the network. This follows the premise of simplifying the operation of the blockchain, so it’s possible to be easily understood by anyone wanting to examine it.
by Sergio Goschenko via Bitcoin.com
Em fevereiro de 2022 foram anunciadas 123 transações, número 15,0% superior ao mesmo mês de 2021 e, somando-se as 130 anunciadas em janeiro – 71,0% acima de janeiro de 2021, quando foram anunciadas 76 transações, registam-se 253 transações acumuladas no ano e crescimento de 38,2% no período em relação ao mesmo período em 2021.
Os setores de maior destaque continuam sendo associados, direta ou indiretamente, à tecnologia, e representaram aproximadamente 25% das transações anunciadas no período. Serviços financeiros (onde tecnologia também está fortemente presente), representaram cerca de 20%, sendo seguido por setores de serviços (B2B e ao consumidor), logística, mídia e entretenimento e produtos de consumo. Investidores estratégicos continuam liderando o número de transações anunciadas estando presentes em aproximadamente 61,0% das
operações.
Em relação a players destacaram-se no período de janeiro as transações da XP Inc. (aquisição do Banco Modal) por cerca de R$ 3,0 bilhões, do Pátria, adquirindo usinas hidroelétricas da Contour Global, a operação do Softbank adquirindo participação na Creditas e Gupy (rodada em que a Riverwood também participou), a Sinqia adquirindo a Lote45 e a Petz adquirindo a Petix. Principais 10 transações de janeiro somaram cerca de R$ 10,0 bilhões.
Alexandre Pierantoni, Managing Director, Head of Brazil Kroll Corporate Finance
alexandre.pierantoni@kroll.com
State-run Brazilian oil company Petrobras is close to reaching an agreement to sell to U.S. private equity firm EIG Energy Partners control of a natural gas pipeline that connects Bolivia and southern Brazil, three people with knowledge of the matter told Reuters.
Petróleo Brasileiro SA, as the company is formally known, is expected to receive more than $500 million for the 51% stake in TBG, added one of the sources, who requested anonymity to discuss private negotiations. The bid could reach up to $1 billion depending on details of the talks.
Under negotiation is Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG), which operates the Brazilian section of the pipeline, called Gasbol.
The roughly 2,600 km (1,600 mile) pipeline system is the main transportation network for natural gas in the south of Brazil. It generated more than 900 million reais ($180 million) of operating profit for its owners in the first nine months of last year.
By Tatiana Bautzer and Gram Slattery via Reuters
Dear clients and business partners,
In light of the startup market’s development both in Brazil and around the world, and with entrepreneurs and investors gaining increased experience in the industry, Mattos Filho announces the launch of its new Venture Capital practice.
The practice will benefit from our full-service and cross-practice expertise to efficiently attend clients that work across all aspects of this industry. Featuring specialists with significant experience in material transactions in Brazil, our services encompass legal and strategic support for highly scalable startups. This includes structuring and implementing their MVPs and business plans, as well as investment and strategic exits.
We have extensive experience designing and implementing domestic and international investment structures for investors. As such, we advise some of Brazil’s most active venture capital funds in different industries on regulatory concerns. We also advise companies from different sectors and industries in their corporate venturing projects, including, among others, structuring innovation hubs and acceleration programs.
Recently, venture capital investments surpassed private equity investments in Brazil, reaching a record BRL 46.5 billion, according to a survey by the Brazilian Private Equity and Venture Capital Association (ABVCAP), in partnership with KPMG. Brazil is already the largest venture capital market in Latin America; our specialists’ extensive expertise in the area makes them the ideal strategic partners for transactions within this innovative ecosystem.
Our new Venture Capital practice reinforces the importance we place on entrepreneurship for Brazil’s social and economic development. The formation of the practice coincides with efforts from the Legislative Branch – and certain regulators, such as the Brazilian Central Bank (BACEN) and the Brazilian Securities and Exchange Commission (CVM) – to improve and modernize the Brazilian regulatory framework.
The multidisciplinary team behind Mattos Filho’s Venture Capital practice focuses on serving both investors and investees with the dynamism and agility that this industry requires, providing creative solutions that drive transformation and foster entrepreneurship.
King & Spalding opens its Miami office, with a particular focus on our Brazilian and wider LatAm practice.
We are thrilled to share the news of the opening of King & Spalding’s Miami office, which officially launched on February 28th. The office, our 23rd globally, will provide a diverse range of capabilities across many of our leading trial, transactional, and governmental practices, with a particular focus on further assisting the needs of our Brazilian clients, many of which have connections with the Sunshine State.
The office now serves as a base of operations for the more than 50 King & Spalding lawyers who are barred in Florida and regularly work on matters in the state. Given Florida’s rapidly expanding economy and strategic importance more broadly in the U.S., Brazil and across Latin America, as well as the firm’s many clients with business and legal interests in the state, the Miami office will be an important hub for the firm and our clients.
Market-Leading Capabilities in Florida
ABOUT KING & SPALDING
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with 1,200 lawyers in 23 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients.
The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets, said the people, who asked not to be named discussing the deliberations. The White House’s approach to crypto has attracted fresh attention in recent weeks after the U.S. and its allies levied sanctions on Russia, prompting concerns that organizations and individuals could use crypto to evade the restrictions.
During his State of the Union address, President Biden indicated that getting inflation under control was a top priority, and to businesses he said, “Lower your costs, not your wages.” For many employers throughout the country, however, lowering wages has not been their response to the recent health or economic crises. And in parts of the country, by law wages are heading in only one direction—up—as many local minimum wage statutes adjust their rates to changes in the consumer price index (CPI). Below we provide not an economic forecast, but a forecast of what employers might expect to experience during these turbulent economic times so they can budget accordingly in the coming months and prepare for near-term (July 1) and future (January 1, 2023) mandatory wage rate changes.
During COVID-19, running a business has been anything but easy. We’ve all read about the “Great Resignation” causing “wageflation” (“a precipitous, unexpected and immediate rise in wages based on unique market forces,” per Forbes). And now with inflation, some companies might find themselves in an even more precarious situation. Although mid-year (July 1, 2022) minimum wage increases are still about four months away, some jurisdictions have already revealed what their rates will be; the changes are notable and demonstrate the impact rising inflation can have on wages in jurisdictions that adjust their minimum wage due to changes in the CPI.
On March 1, 2022, in New Mexico the minimum rates in both the City of Santa Fe and County of Santa Fe were CPI-adjusted from $12.32 to $12.95 per hour, an increase just above five percent. The District of Columbia announced that on July 1, 2022, its minimum wage will increase from $15.20 to $16.10 per hour, which is almost a six percent increase. To date, the highest announced increase belongs to the City of Los Angeles, California, where the annually adjusted minimum wage will increase on July 1, 2022 from $15.00 to $16.04 per hour, a boost close to seven percent.
By Sebastian Chilco via Littler
The Department seeks to appoint U.S. Section members who represent a diversity of business sectors and geographic locations, consist of a range of small, medium, and large firms, and are reflective of the diversity of the U.S. population. The Forum provides business leaders with the opportunity to impact the U.S.-Brazil trade relationship and improve conditions for doing business in Brazil. To qualify, a candidate must be a CEO or president (or have a comparable level of responsibility) of a U.S.-owned or -controlled company that is incorporated or otherwise organized in and has its main headquarters in the United States and that is currently doing business in both Brazil and the United States.
To apply, please visit the linked Federal Register Notice. The application period will close on April 1, 2022.
Attached is the application document, a new element in the application process. (Note: The requested information on the top portion (points 1-10) does not need to be filled out on the application itself, and can be supplied in the format most convenient for the applicant. However, the second part (point 11) will need to be completed, signed and included with any supporting documents).
Background: Launched in 2007, the U.S.-Brazil CEO Forum consists of up to 24 CEOs from the United States and Brazil, who provide joint recommendations to the two governments to strengthen the U.S.-Brazil economic and trade relationship. The forum has successfully opened discussions between the United States and Brazilian governments on several important issues, including visa and tax reform, customs procedures, education, energy, defense trade, and infrastructure.
For more information please visit:
Federal Register Notice: 87 FR 9313
U.S.-Brazil CEO Forum Website: www.trade.gov/us-brazil-ceo- forum
Department of Commerce Press
Press: Press Release
Social Media: Twitter & LinkedIn
Contact
For inquiries and to request an application, please contact:
Christopher Di Trolio
Office of Latin America and the Caribbean
International Trade Administration U.S. Department of Commerce
Christopher.DiTrolio@trade.gov
The International Entrepreneur Parole program, which was relaunched in May 2021, provides foreign start-up entrepreneurs (founders/ C-Suite) the opportunity to work in the United States to develop a promising start-up entity with significant potential for rapid business growth and job creation.
The International Entrepreneur Parole program is specifically targeted for early-stage tech entrepreneurs as an alternative to immediately qualifying for employment-based visa categories based on personal achievements or investment that do not consider the dynamics of a promising start-up entity in its early stages.
Entrepreneurs applying for parole under the International Entrepreneur Parole program must demonstrate that:
• At the time of adjudication and grant of initial parole they possess at least 10% ownership in a U.S. start-up entity created within the past five years;
• They hold a central and active role in the operations such that their knowledge, skills and experience would assist the start-up entity to grow in the U.S.;
• The start-up entity will provide a significant public benefit to the United States based on their role as an entrepreneur of the start-up entity by showing either:
o Significant capital investment (currently at least $264,147) from “qualified” U.S. investors with established track records (e.g. venture capital funds, angel investors or start-up accelerators);
o Significant government grants (currently at least $105,659) from U.S. federal, state or local government entities with expertise in economic development, research and development, or job creation; OR
o Additional reliable and compelling evidence that the entrepreneur would provide significant public benefit to the U.S. and would create jobs (e.g. applicant’s academic background and experience developing successful ventures, patents for promising technology and/or cutting edge research in areas of national benefit, the performance and impact of the start-up entity etc.)
Earlier in the day, Admiral Eduardo Bacellar Leal Ferreira told Reuters he planned to step down as chairman of Petroleo Brasileiro SA , as the Rio de Janeiro firm is formally known.
“Petrobras chairman is a 24-hour job and I want to spend more time with my family,” Ferreira said, adding he has two grown children living outside of Brazil.
Ferreira will stay until the end of his term. A shareholder meeting to renew the company’s board is scheduled for April 13.
The replacement comes as Petrobras faces pressure from investors to raise fuel prices as oil approached $120 per barrel. The company controls gasoline and diesel prices in Brazil with more than 80% of the country’s refining capacity.
Ferreira declined to comment on Petrobras’ fuel price policy.
By Sabrina Valle via Reuters
For the first time, the Brazilian Industry Innovation Summit will provide a platform for more than 15 thousand simultaneous accesses. A virtual environment that will bring together people from all over the world, focusing on the debate on innovation.
Background
As fighting between Russian and Ukrainian forces continues, the United States, United Kingdom, European Union, and a host of other jurisdictions have imposed sanctions against certain Russian corporate entities and individuals, as well as against the Russian state as a whole. Thousands of global employers, especially those with operations in Russia and Ukraine, are bracing for the inevitable economic impact, as workforces and supply chains are disrupted, just as the region was starting to recover from the crippling effect of the COVID-19 pandemic. Indeed, it appears that the sanctions have already bitten into the Russian economy, with the S&P lowering its credit rating to “junk” status.
What are the sanctions imposed?
Financial institutions: The U.S. Department of the Treasury has targeted the “core infrastructure” of Russia’s financial system, sanctioning multiple financial institutions, including Sberbank, VTB Bank, and their subsidiaries.1 The sanctions against VTB Bank (Russia’s second-largest financial institution) and three other Russian financial institutions freeze any of these entities’ assets touching the U.S. financial system (as well as the assets of any entity owned 50% or more by the sanctioned institutions) and prohibit U.S. persons from dealing with them. The sanctions against Sberbank, Russia’s largest financial institution, effectively cut off Sberbank’s ability to conduct transactions in the U.S. dollar. The United States is also taking measures to freeze Russian Central Bank transactions and prohibit the bank from deploying its international reserves.
By Lavanga Wijekoon, Stephan Swinkels, Elizabeth Lalik, Raoul Parekh, Darren Isaacs, and Uliana Kozeychuk via Littler
The monthly result topped the median forecast of a $3.55 billion surplus in a Reuters poll of economists, and was more than double the $1.8 billion surplus recorded in the same period a year ago.
According to the Economy Ministry, exports surged 32.6% from February 2021 to $22.9 billion, benefiting from a 22.6% expansion in volumes and a 13.5% increase in prices.
Imports rose 22.9% to $18.9 billion as a 30.9% rise in prices more than compensated for a decline of 2.5% in the volume of goods purchased by Brazil.
Reporting by Marcela Ayres Editing by Chris Reese, Kirsten Donovan via Reuters
This International Women’s Day, our Littler international lawyers will be joined in a panel discussion with Janet Lindsay, CEO of Wellbeing of Women (the leading women’s health charity that recently launched the Menopause Workplace Pledge) to discuss why it makes sense for employers to improve their understanding of, and support, women’s health in the workplace.
Time:
8:00 a.m. PT
9:00 a.m. MT
10:00 a.m. CT
11:00 a.m. ET
4:00 p.m. GMT
5:00 p.m. CET
Duration: 60 minutes
Em defesa da privatização completa da Caixa, o ex-ministro Henrique Meirelles, responsável por coordenar o plano econômico da candidatura do governador João Doria (PSDB) ao Palácio do Planalto, disse nesta quarta-feira, 2, que o Brasil não precisa de dois grandes bancos públicos federais.
Durante participação em webinar da Brazilian-American Chamber of Commerce, Meirelles considerou a venda da Caixa ao capital privado, num processo em que seria transferido ao Banco do Brasil o papel de financiador do programa nacional de habitação, como a melhor solução.
Por Eduardo Laguna (Agência Estado) via Esbrasil
A Vivo Empresas firmou parceria com o Google para criar um pacote de serviços voltado para pequenas e médias instituições de ensino pelo Brasil no setor público e privado. Com a solução em conjunto, as escolas terão maior suporte e ferramentas para se digitalizar.
A transformação digital ao longo da pandemia afetou todos os setores, mas houve perdas ao longo desse processo e alguns tiveram mais dificuldades na adaptação. É o caso para escolas de pequeno e médio porte pelo Brasil.
Entre 2020 e 2021, a rede privada teve queda de 8,8 milhões para 8,1 milhões de matriculados. Enquanto isso, a rede pública teve leve aumento de matrículas chegando a 38,5 milhões de alunos.
Segundo Rodrigo Pimentel, head de Google for Education, a parceria vai ajudar a democratizar o acesso à tecnologia e ajudar as escolas a se adaptar no momento de hibridismo.
Mesmo com a vacinação de crianças e o retorno às aulas presenciais, uma espécie de modelo híbrido também vai acontecer na educação.
O TC (TradersClub) acaba de fechar a compra de participação na consultoria política Arko, num investimento de R$ 23,7 milhões. São duas transações conjuntas, a aquisição de 20% da holding Arko Advice, num valuation de R$ 92,25 milhões, e 15% da subsidiária Arko Digital, avaliada em R$ 35 milhões.
“A família Aragão criou uma plataforma de inteligência política já muito conhecida e bem avaliada, para os públicos B2B e B2C, que vai ter muita sinergia com o TC”, diz Pedro Albuquerque, CEO do TC, ao Pipeline. “A gente tem uma afinidade muito grande. A Arko foi a primeira parceira do TC, lá no começo, e retomamos conversas ao longo do segundo semestre do ano passado. Com a transação, a governança original será mantida.
O TC entra com tecnologia e uma base de clientes que pode consumir cursos sobre políticas públicas e regulação e análises políticas. Albuquerque destaca que é um ano eleitoral, o que gera questionamentos e interesse dos investidores sobre cenários políticos. Também entram análises globais – ontem à noite, a Arko fez uma apresentação a clientes do TC sobre o confronto da Rússia com a Ucrânia.
Por Maria Luíza Filgueiras — via Pipeline | Negócios – Valor Econômico
The tax cut, with immediate effect, “is a milestone of the beginning of Brazilian reindustrialization after four decades of de-industrialization,” said the Economy Minister Paulo Guedes.
It will affect all industrialized products, with the exception of tobacco items.
Guedes acknowledged the measure has a short-term impact on inflation, but highlighted it was designed as a policy to increase industrial productivity.
Reuters had previously reported that the tax cut was coming.
The minister said it will represent a loss of around 20 billion reais ($3.9 billion) in tax revenue, with the federal government giving up 10 billion reais and the rest coming from state and municipal revenue.
By Marcela Ayres via Reuters
Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates to combat double-digit inflation are supporting financial inflows, strengthening the Brazilian currency.
Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among other reasons that explain the recent exchange rate behavior.
In the year, the real has already risen more than 10% against the dollar, the best global performance for the period, easing pressures on consumer prices after inflation reached 10.4% in the 12 months through January.
“In the exchange front, I think there are several variables. There is a variable that is the higher interest rate itself, which brings flows because of the interest rate differential,” said Campos Neto.
By Marcela Ayres via Reuters
According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization.
Brazil’s government expects the privatization to happen through a share offering by mid-2022. Shares would be sold on Brazil’s Bovespa stock market and in the United States as American Depositary Receipts.
Reporting by Peter Frontini; editing by Richard Pullin via Reuters
They help shareholders, entrepreneurs and executives to take better alternatives and decisions of organic and inorganic growth for their companies.
Operating in Brazil and abroad, through a network of global partners, Solstic Advisors has experience in the most varied sectors of the economy, such as Transport and Logistics, Technology, Health, Education, Agribusiness, Commerce and Services and Industry.
Performance:
M&A
• Asset or companies sale
• Acquisitions
• Divestitures
• Mergers
Capital raising
• Structure debt to finance growth
• Credit lines for acquisition
The application is available through Global Entry website:
Click here to learn how to apply
Global Entry allows an expedited clearance for pre approved, low risk travelers upon arrival at United States airports. Members enter the United States through automatic kiosks at numerous airports located within the U.S. and at Preclearance locations around the world. Brazil now joins a growing list of 13 Global Entry partner countries with full arrangements, including Argentina, Colombia, Germany, India, Mexico, the Netherlands, Panama, the Republic of Korea, Singapore, Switzerland, Taiwan, and the United Kingdom. Learn more
Via United Airlines
As ações do Itaú (ITUB4) registraram forte alta nesta sexta-feira, 11, após o banco superar as estimativas do mercado em resultado do quarto trimestre e apresentar suas projeções operacionais para este ano. Os papéis do banco chegaram a subir mais de 7% na máxima do dia, e encerraram o pregão com ganhos de 5,91%, liderando as altas do Ibovespa.
A forte valorização das ações do Itaú ocorrem dias após os resultados do Bradesco (BBDC4) e do Santander (SANB11) terem adicionado preocupações sobre o setor. Os papéis fecharam o dia negociados em firme alta, assim como os do Banco do Brasil (BBAS3), que irá reportar seus números na próxima semana.
Por Guilherme Guilherme via Exame invest
O Ibovespa teve ganhos de 0,29%, aos 113.899,19 pontos, nesta segunda-feira (14). Esse é o quinto avanço consecutivo, enquanto o índice resiste ao clima de aversão ao risco que tomou conta dos mercados globais em meio às tensões geopolíticas.
A bolsa operou estável ao longo do dia após um acirramento das tensões na Ucrânia na última sexta-feira (11), com os Estados Unidos afirmando que a Rússia já reuniu tropas suficientes para invadir o país.
O dólar também foi impactado com a notícia de que os Estados Unidos realocaram a embaixada na capital ucraniana para o oeste do país.
A moeda caiu 0,44%, a R$ 5,219 – o menor valor desde 6 de setembro do ano passado (R$ 5,176), com o real entre as divisas globais de melhor desempenho no dia, ainda embalado pelo atrativo juro oferecido pelo Brasil.
Click here to read the new issue or check out all BMA Review’s articles below. If you’re interested in any of them, click on the titles to read the whole content.
Have a nice reading!
ENVIRONMENTAL AND CLIMATE CHANGE
By Ana Cândida de Mello Carvalho, Beatriz Paulo de Frontin and Débora Signorelli Carvalho
The main challenge is drafting strong, clear concession contracts that make an appropriate allocation of risks and responsibilities between the parties and provide the legal certainty needed to attract private investment.
INFRASTRUCTURE AND REGULATORY & GOVERNMENT AFFAIRS
By Plínio Simões Barbosa and José Guilherme Berman
The reform of Brazil’s Administrative Improbity Law, in October 2021, is an opportunity to streamline the application of penalties on companies involved in illegal conduct involving the public administration. The changes have a direct impact on businesses that have contracts with the government.
TAX
By Vivian Casanova and Carolina Carvalho de Andrade
The mere absence of a business purpose for a corporate transaction, without any allegation of illegality in the goodwill itself, does not constitute fraud for the purposes of the doubled assessment penalty.
LABOR AND EMPLOYMENT
By Cibelle Linero and Cristiana Fernandes Barros
At the end of October 2021, Brazil’s constitutional court struck down provisions of the Consolidation of Labor Laws dealing with payment of expert witness fees and court-awarded attorneys’ fees by unsuccessful claimants who are entitled to free access to the courts.
CORPORATE AND M&A
By Fernanda Pereira Carneiro, Ana Luiza Guimarães Mendonça and Bruno Massena.
The main changes introduced by Resolution 44 involve presumptions on the use, access to, and knowledge of the importance of inside information, along with prohibitions against insider trading prior to the disclosure of financial information.
O banco BTG Pactual, do mesmo grupo que controla a EXAME, concluiu sua primeira captação em depósitos sustentáveis. O total captado por de R$ 1,5 bilhão. Os recursos serão destinados a projetos com benefícios sociais e ambientais. “Esta primeira captação é um marco em nossa história e a primeira de muitas”, disse Roberto Sallouti, CEO da instituição financeira. “Iniciativas de ESG e de impacto não são mais escolhas, são compromissos que todas as companhias e a sociedade precisam assumir.”
Mais de 20 empresas participaram da captação como primeiros parceiros da iniciativa, entre elas Ambipar Group, Armac, Casa dos Ventos, Cogna Educação, Comerc Energia, Cosan, Cruzeiro do Sul Educacional, Echoenergia, Eurofarma, Globo, GPA, Grupo Energisa, Klabin, Light, Neoenergia, Porto Itapoá, Raízen, Rede D’Or, Rumo, Simpar, State Grid e WEG.
A operação é parte do Programa de Captação Sustentável, lançado pelo banco em novembro do ano passado. É a primeira iniciativa do tipo na América Latina e faz parte da estrutura criada para dívidas sustentáveis, que podem ser emitidas pela instituição para fomentar setores como energia renovável, eficiência energética, saneamento, transporte limpo, edifícios sustentáveis, habitação e infraestrutura básica acessíveis, manejo sustentável e agricultura de baixo carbono, transmissão de energia, controle da poluição e eficiência dos recursos e financiamento a pequenas e médias empresas.
Por Rodrigo Caetano via Exame invest
Just as it dominates our economy, Big Tech now dominates Fortune’s annual ranking of corporate reputation. For the third year in a row, Apple, Amazon, and Microsoft rank first, second, and third, respectively, based on our poll of some 3,700 corporate executives, directors, and analysts. It’s Apple’s 15th straight year in the No. 1 spot, a fitting coronation for the world’s most valuable company. As a global pandemic limped into its third year, meanwhile, companies on the front lines of the medical battle gained new respect. Pfizer, codeveloper of one of the most effective COVID-19 vaccines, vaulted all the way to No. 4, appearing on our All-Stars list for the first time in 16 years. And Danaher (No. 37), whose COVID tests and drug-development equipment are pivotal tools in the fight against the novel coronavirus, made its top 50 debut.
Via Fortune
A inflação de janeiro nos EUA, medida pelo Índice de Preços ao Consumidor (IPC ou CPI em inglês), subiu mais do que o esperado, indicando uma piora das perspectivas para a economia e consolidando a probabilidade de aumentos substanciais das taxas de juros este ano pelo Federal Reserve (Fed).
O indicador avançou 0,6% em janeiro, quando o mercado projetava 0,4%. Na comparação anual, o avanço é de 7,5%, quando a expectativa era 7,2%.
Com isso, aumenta a pressão para que o Fed endureça o discurso e avance com os juros a partir de março.
Até aqui, o mercado vinha apostando em alta de juros de 0,25 ponto porcentual para 16 de março. Mas os próximos passos são incertos: já há quem cogite 0,5 p.p. e até sete altas sequenciais ao longo de 2022.
Excluindo os custos voláteis de gás e mantimentos, o núcleo do CPI aumentou 6% na comparação anual, ante a estimativa de 5,9%.
As taxas mensais também ficaram mais quentes do que o esperado, com o principal e o núcleo do CPI subindo 0,6%, em comparação com as estimativas de um aumento de 0,4% em ambas as medidas.
O núcleo da inflação subiu em seu nível mais rápido desde agosto de 1982.
Por Cláudia Zucare Boscoli via euqueroinvestir.com
United has the most comprehensive route network among North American carriers, including U.S. mainland hubs in Chicago, Denver, Houston, Los Angeles, New York/Newark, San Francisco and Washington, D.C.
United Airlines is more committed than ever to creating a more diverse, equitable and inclusive workplace, airline and world where we all thrive, besides pledging to be 100% green by reducing greenhouse gas emissions 100% by 2050 in its commitment in contributing to fight climate change.
United is proudly connecting the United States and Brazil for 30 years, currently operating daily nonstop flights from Sao Paulo to New York (Newark), Houston, Chicago and 3 weekly frequencies to Washington D.C. and from Rio de Janeiro to Houston daily.
In the past years, healthcare systems and the pharmaceutical industry have undergone tremendous changes given technological, regulatory and socioeconomic disruptions. Covid-19 has further intensified and catalyzed these changes in healthcare systems and healthcare delivery. Among others, regulators paved the way for more dynamic and faster decision-making, approved novel technologies including digital health solutions and created new reimbursement pathways. In parallel, medical and biological research has made breakthroughs with emerging technologies including in-silico protein folding prediction, novel cell therapies and other treatment platforms. With those trends materializing, borders between industries continue to blur. This convergence of healthcare, technology and retail and consumer industries will lead to what we call the LIFEcare system. The critical question for each player in that new normal will be: Are you prepared and what’s your right to be successful in this changing future?
Our 2021 global Future of Health study, based on interviews with and survey responses from 150 senior healthcare executives, confirms our belief that this acceleration has only just begun. Over the next decade, the transformation of healthcare will in turn shape the road to success for BioPharma companies in an unprecedented way.
Based on the survey findings and our engagement with clients and partners, we expect the emergence of what we call the LIFEcare system, characterized by a convergence of wellcare and disease care systems. Overall, more than 75% of healthcare executives agree that LIFEcare systems will be widespread by 2035, especially in cardiovascular and metabolic diseases, oncology and neurology.
This adjustment will involve significant disruption of the BioPharma value chain. At the same time, we forecast that the creation of new opportunities in areas such as preventative care and personalized nutrition will lead to a two to threefold increase in the global wellcare, creating a total value pool of 2.8 to 3.5 trillion USD by 2030.
By PwC
Brazil’s government plans to unveil 3.7 billion reais ($706.73 million) in fresh agriculture subsidies after its initial allocation for the sector ran out amid sharp interest rate hikes, according to a source involved in the plan.
The source, who spoke to Reuters on condition of anonymity, said the government will soon sign an executive order announcing 800 million reais that will be allocated as credit to climate-affected producers in the south of the country, as well as farmers in the state of Mato Grosso do Sul.
Another 2.9 billion reais will be earmarked for subsidized loans to producers after the Treasury announced the suspension of these operations this week.
However, the funds for the subsidized loans are reliant on a bill that has yet to be sent to Congress, said the source, adding that the government is still studying what it can cut from this year’s budget to accommodate the new spending.
By Marcela Ayres via Reuters
Brazilian lender Bradesco (BBDC4.SA) said on Tuesday it expected its loan portfolio to grow 10% to 14% this year, in addition to a 2% to 6% increase in its fee income.
In a securities filing released almost simultaneously with its fourth-quarter 2021 results, the bank also forecast its expenses for loan-loss provisions to be in the range of 15 billion reais to 19 billion reais in 2022.
Reporting by Aluísio Alves; Writing by Peter Frontini via Reuters
A lista de bilionários brasileiros da Forbes, publicada no ano passado, traz 40 nomes ligados ao agronegócio, do total de 315 listados em todos os setores da economia. Entre eles está Ometto, um dos principais nomes do agronegócio brasileiro. Em 2020, a Cosan, um conglomerado que reúne Raízen e Rumo (duas companhias totalmente identificadas com o agro) e mais a Moove, a Compass e a Trizy, faturou R$ 68,6 bilhões.
A Raízen, que nasceu em 2011 como uma joint venture com a norte-americana Shell, faturou no ano passado R$ 120,6 bilhões. A companhia é uma das mais modernas do mundo na produção de etanol de primeira e de segunda geração (produzido a partir da palha, a biomassa que seria descartada no campo), mais biogás, bioenergia e hidrogênio verde a partir dos resíduos do biogás, que por sua vez é gerado pelos resíduos do etanol de segunda geração.
Por Vera Ondei via Forbes
Lucon is a specialist in the implementation of mergers and acquisitions, financing, direct investments, and joint ventures, focusing on the infrastructure sectors. With his legal experience on boards of directors, committees, and executive positions in infrastructure groups, the specialist will broaden the perspectives, knowledge and vision of
this market.
Lucon é especialista na implementação de operações de fusões e aquisições, financiamentos, investimentos diretos e joint ventures, com foco nos setores de infraestrutura. Com sua experiência jurídica em conselhos de administração, comitês e cargos executivos em grupos da área de infraestrutura, o especialista ampliará as perspectivas e a visão da prática nesse mercado.
Desde que lançou o projeto do BTG Pactual Digital, em 2017, o banco já fez mais de uma dezena de aquisições, movimento que incluiu nomes da velha guarda, como Ourinvest, Necton e Fator, e também novatas como a dobradinha Empiricus/Vitreo, além de participações em corretoras nascentes com escritórios de agentes autônomos vindos da rede XP – caso de EQI, Lifetime, Arton Advisors e Acqua Vero. Tudo para ampliar a sua capacidade de distribuição.
A saída da Planner do segmento de varejo deixa para trás mais um nome tradicional do mercado de valores mobiliários no Brasil. Souza Barros, Magliano, Spinelli e Concórdia (que se juntaram para formar a Necton) não conseguiram investir em tecnologia a contento para fazer frente à concorrência das plataformas que nasceram digitais.
Por Adriana Cotias, Valor
The Firm secured an $11.5 million judgment for the Delaware holding company of a Brazilian telecommunications company. Earlier in the case the New York court found the defendant liable for failing to make a multimillion-dollar investment. The case was scheduled for a damages trial. But when the COVID crisis postponed the trial, and the defendant resisted proceeding remotely, litigation partners Zeb Landsman and Jesse Conan devised a creative legal solution and asked the court to award damages in the amount of $7.5 million, without a trial, based on certain undisputed facts. The court agreed, assessed the damages submissions by the parties, and ruled the client was entitled to $7,499,900, plus interest.
Via Becker Glynn
SAO PAULO, Jan 11 (Reuters) – Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.
BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.
Brazilian investment bank BTG Pactual BPAC11.SA announced on Tuesday a new share buyback program, under which it expects to repurchase up to 1 billion reais ($176.58 million) in stocks within 18 months.
BTG Pactual said in a securities filing it aims to use its cash in an efficient way with the buyback plan, looking to “maximize the company’s capital allocation”. The repurchased units will be kept in treasury, it added.
Reporting by Gabriel Araujo, Editing by Louise Heavens – Reuters / Nasdaq
President Joe Biden announced his intent to nominate the following leaders to serve as key leaders in his administration:
Elizabeth Bagley, Nominee for Ambassador Extraordinary and Plenipotentiary to the Federative Republic of Brazil
Elizabeth Bagley has worked in diplomacy and the law for over four decades. Her diplomatic experience includes service as Senior Advisor to Secretaries of State John Kerry, Hillary Clinton, and Madeline Albright. She has also served as Special Representative to the United Nations General Assembly, Special Representative for Global Partnerships, and United States Ambassador to Portugal.
Bagley is currently the owner and Board member of SBI., a cellular communications company in Show Low, AZ. Previously, Bagley served as Of Counsel to Manatt, Phelps law firm in Washington, D.C., specializing in international law. She also worked as Adjunct Professor at Georgetown University Law Center and as Associate Producer for ABC News in Paris, France and Washington, DC. Earlier in her career, Bagley served in the State Department as congressional liaison for the Panama Canal Treaties, Special Assistant for the Camp David Accords and Congressional liaison to the Conference on Security and Cooperation in Europe (Helsinki Accords) in Madrid, Spain. Bagley earned a B.A. at Regis College, Weston, Massachusetts, and a J.D. at Georgetown University Law Center.
She is the recipient of numerous honors, including the Secretary of State’s Distinguished Honor Award, the Meridian International Public Diplomacy Award and the Grand Cross of Prince Henry the Navigator, Portugal’s highest civilian honor.
Via The White House
Banco do Brasil’s Sustainable Financing Framework aligns with the International Capital Markets Association’s 2021 Green Bond Principles, 2021 Social Bonds Principles and 2021 Sustainability Bonds Guidelines, among other principles. Banco do Brasil intends to allocate an amount equal to the net proceeds from the issuance of the social bonds to finance or refinance existing or future social projects, including affordable housing, SME finance and microfinance, socioeconomic advancement and empowerment and access to essential services.
This transaction represents the continuation of the Firm’s long-standing relationship advising in connection with debt and equity securities offerings by Banco do Brasil.
Brazilian instant payment system Pix ended 2021 having powered more than 8 billion transactions, according to statistics from the country’s Central Bank. This is quite an impressive figure for an offering only launched in November 2020 and goes to show how ubiquitous Pix has become in the country.
You could describe Pix as “a government-built version of Venmo,” as João Pedro Thompson, founder of fintech Z1, told TechCrunch. However, the analogy doesn’t fully capture the fact that Pix appeals to many more than just digitally savvy teenagers repaying friends for coffee. Otherwise, it wouldn’t be used by six of 10 Brazilians.
In a country where many people are still unbanked and queuing to pay bills is part of daily life, the impact of being able to pay anyone instantly can’t be understated. In addition, Pix now supports more services, such as letting you withdraw cash from businesses.
It’s interesting that Pix is an institutional initiative, part of a wider range of public efforts to transform Brazil’s financial landscape. “The Central Bank has been doing a tremendous job and Pix is one of the most relevant structural changes,” Brazilian VC Bruno Yoshimura told TechCrunch when we wrote about Latin America’s fintech boom.
By Anna Heim via TechCrunch
Super-rich entrepreneurs love to explore brash endeavors outside the mainstream of their business—say, the high-profile space race between Jeff Bezos and Elon Musk, or Larry Ellison’s obsession with the America’s Cup. But it remains genuinely rare, and worthy of attention, when a billionaire entrepreneur takes a hard look at the society around their business and commits to brash endeavors to challenge inequality, racism, and the crisis fueled by COVID-19.
That’s precisely what’s happening in Brazil, where Luiza Helena Trajano, the longtime leader of one of the country’s most celebrated companies, is generating headlines for her outsized commitments to social justice and public health. Trajano is the high-profile face of a giant electronics-and-appliance retailer named Magazine Luiza (in Portuguese, a “magazine” is a small store that sells a wide range of merchandise). Trajano’s company has become a legendary growth story whose 1,400 stores transformed retailing in Brazil, made her a billionaire, and turned a 70-year-old, 4-foot-nine-inch woman into a homespun business celebrity.
By Bill Taylor via Fast Company
REDD is a leading provider of proprietary news on emerging market, event driven special situations. They deliver forward looking news and analytics on over 1,500 companies across the globe through an online platform and suite of mobile applications.
REDD’s recognized team of journalists and analysts report on material and impactful trading catalysts, allowing bankers, asset managers and advisors to capitalize on opportunities relevant to their unique needs.
Quando o assunto são as tecnologias sociais, o Brasil tem um potencial imenso a explorar. Com uma criatividade invejável, pesquisadores têm construído pontes entre os setores público, privado e comunidades mais vulneráveis. É este o caso da NHAM, iniciativa que busca promover a agricultura familiar e combater as altas taxas de anemia nas crianças e adolescentes da rede pública de ensino em Santa Luzia do Itanhy, em Sergipe, um dos municípios com um dos menores Índices de Desenvolvimento Humano (IDH) do Brasil.
Quem está por trás dessa investida é o Instituto de Pesquisas em Tecnologia e Inovação (IPTI), que trabalha desde 2003 na promoção de tecnologias sociais nas áreas de educação básica, educação empreendedora e saúde básica, apoiados no que denominam The Human Project, um modelo de desenvolvimento pautado na educação, cultura, inovação e tecnologia.
“Foi em 2010 que decidimos sair de São Paulo e levar o nosso centro de pesquisa e de desenvolvimento para Santa Luzia do Itanhy, em Sergipe, uma região de extrema pobreza para que pudéssemos desenvolver tecnologias sociais que atendam às demandas da maioria dos municípios brasileiros e também de comunidades de outros países da América Latina e África”, afirma Saulo Barretto, cofundador do IPTI e responsável pelas atividades de relacionamento institucional e de novos negócios.
Por Nicole Wey Gasparini, do Um Só Planeta
JPMorgan Chase & Co. strategists led by Marko Kolanovic say it’s time to start buying the dip in the U.S. stock market.
“The pullback in risk assets in reaction to the Fed minutes is arguably overdone,” Kolanovic wrote in a note to clients Monday. “Policy tightening is likely to be gradual and at a pace that risk assets should be able to handle, and is occurring in an environment of strong cyclical recovery.”
Stocks have tumbled, sending the S&P 500 to the worst start of a year since 2016. Richly valued technology shares have borne the brunt of the selling as traders ratcheted up their expectations for rate hikes from the Federal Reserve.
ByLu Wang via Bloomberg
SÃO PAULO, Brazil — It was a casual conversation that led Luiza Trajano, one of Brazil’s wealthiest women, to ponder her country’s racism, to recognize her part in it — and to do something about it.
A few years back, she said, she had heard a young, accomplished Black businesswoman mention that she never attended happy hours with colleagues unless her boss explicitly asked her to join. Years of feeling the rejection that many Black Brazilians experience in predominantly white settings had taught her to seek clear invitations, the woman explained.
Ms. Trajano, who is white, felt a pang of sadness. Then an uncomfortable thought crossed her mind.
“At my birthday parties, there aren’t any Black women,” Ms. Trajano remembered thinking. “That’s structural racism that, in my case, is not born out of rejection, but out of failing to seek them out.”
That moment of introspection for Ms. Trajano, who had turned a small family business into a retail behemoth, helped plant the seeds for a bold corporate affirmative action initiative, which has drawn praise, outrage and plenty of soul searching in Brazil.
Petróleo Brasileiro S.A. – Petrobras anuncia que, na data de 22 de dezembro de 2021, concluiu a renovação do seu Registro de Prateleira (shelf registration) na U.S. Securities and Exchange Commission. O shelf registration permite à Petrobras ofertar valores mobiliários no mercado de capitais americano de forma ágil e abrangente, aproveitando as oportunidades de mercado, com objetivo de reduzir custos e facilitar a gestão de sua dívida.
A atual renovação ocorre após a conclusão das obrigações previstas em acordo com o Departamento de Justiça Norte-Americano (DOJ), conforme comunicado ao mercado divulgado, em 04 de outubro de 2021, e a qual permite à Petrobras o retorno ao status de emissor frequente, denominado Well-Known Seasoned Issuer (WKSI), o que possibilitou que tal registro fosse concedido de forma automática, permitindo maior flexibilidade às eventuais ofertas da companhia no futuro. O shelf registration tem validade de 3 anos.
Via Petrobras
On December 21, 2021, the Brazilian Data Protection Authority (ANPD) updated instructions on how and when data subjects can file a complaint against a data controller for possible violation of the their rights under the General Data Protection Law (LGPD). The LGPD is Brazil’s all-encompassing data protection law similar to the European Union’s GDPR. The LGPD imposes certain requirements on data processing agents (which include controllers and processors of data) to safeguard the data privacy rights of individuals (data subjects). The ANPD has the authority to impose administrative sanctions for LGPD violations.
Under the updated instructions, the data subject must first formally contact the controller to try to get their request(s) answered or addressed. If the controller fails to resolve the issue, the data subject can petition the ANPD to intercede. The petition has to be submitted online and the data subject must provide the data controller’s or processor’s contact information and a description of the situation, and submit proof that the data subject formally made a request to the controller and it was not addressed (or was not addressed timely). In exceptional circumstances the ANPD may accept anonymous petitions and/or a self-declaration that it was not possible to provide evidence, provided the identity of the complainant is not needed to investigate the facts and the information provided can be verified.
The ANPD will address a petition specifically only if the petition could potentially affect collective and broad interests. Otherwise, the ANPD will analyze aggregated requests and use the information to launch investigations, improve regulations and implement educational actions.
By Renata Neeser via Littler
Brazil’s state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company’s refining director told Reuters.
The tests are expected to take about six months and will be backed by a fuel distributor and a bus fleet owner, whose names are yet to be revealed, Petrobras’ refining director, Rodrigo Costa, said.
The oil giant had successfully tested the renewable diesel production system at its Repar refinery in mid-2020, but it sees the new testing phase as important in confirming its effectiveness.
Repar is currently capable of producing 114,000 tonnes per year of renewable fuel based on co-processed soybean oil.
Reporting by Marta Nogueira in Rio de Janeiro Writing by Gabriel Araujo Editing by Matthew Lewis via Reuters
Brazilian state-run power company Eletrobras (ELET6.SA) said on Monday that a public hearing to be held by state development bank BNDES on its privatization process has been postponed to Jan. 5 from Dec. 22.
Centrais Eletricas Brasileiras SA, as the company is formally known, did not provide details on the delay. The Brazilian government expects to privatize the company by the second quarter of 2022, according to Mining and Energy Minister Bento Alburquerque.
Reporting by Gabriel Araujo. Editing by Jane Merriman via Reuters
The Brazilian-American Chamber of Commerce proudly recognizes four exceptional Person of the Year Fellows, Érica Amélia Butow (2012), Lucas Tomilheiro Sancassani (2012), Victor Cezar Boyadjian (2018), and Felipe Costa Rodrigues Neves (2018), for their outstanding dedication to upholding their POY Fellowship Commitments. These fellows not only engage in projects that bring about meaningful social impacts in their communities, but they have also created or contributed to important philanthropic initiatives, demonstrating their high level of dedication to the betterment of society in a global context.
Érica Butow is President and Co-Founder of Ensina Brasil, a non-profit organization that aims to transform education from within the classroom by recruiting talent from the best universities to become public school teachers in vulnerable communities and develop the future leaders of Brazil.
Lucas Sancassani and Victor Boyadjian have made financial contributions to Instituto Ling, a non-profit organization which aims to turn Brazil into a more fair and progressive society through education, culture, and health, based on the values of meritocracy, freedom, and reciprocity. Lucas also acted as Volunteer President and is currently on the Board of Directors of Amigos da Poli, the largest endowment fund among Latin American universities which supports undergraduate studies and provides career mentoring.
Felipe Neves is Founder of Civics Educação, a legal education platform which finances scholarships for low-income public-school students in Brazil. He is also Founder & President of the NGO Projeto Constituição na Escola, which facilitates public-school classes on constitutional law.
Through philanthropic endeavors and financial contributions, our fellows exemplify the spirit of giving and its value in creating a more equitable society. Their dedication to invest resources back into their communities reflects the success of the POY Fellowship Program in recognizing young leaders devoted to civic engagement, with remarkable potential and proven professional capacities. They set an outstanding example for other POY Fellows and embody the ultimate mission of the POY Fellowship Program, that being to generate a philanthropic return to society that continues over time and strengthens relationships between nations.
We congratulate Érica, Lucas, Victor, and Felipe for their integrity and philanthropy, and for being inspiring examples for other young leaders.
Private Employer Update
Step One: Understand the Mandate.
Businesses may not allow any unvaccinated workers to enter the workplace after December 27, 2021 for the duration of the mandate, unless a reasonable accommodation has been made. A “workplace” is “any location — including a vehicle — where you work in the presence of at least one other person.”
Importantly, the new mandate does not apply to workplaces already covered by other federal, state or local mandates, including the Key to NYC Pass, discussed separately below, and the Centers for Medicare and Medicaid Services (CMS) mandate.1
Step Two: Verify & Record Vaccination Status of Employees.
Employers are expected to verify and document the vaccination status of all workers who regularly enter the workplace by December 27, 2021.2 There are three ways to do this:
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By Devjani Mishra, Mark Phillis, Lisa Griffith, Daniel Gomez-Sanchez, Emily Haigh, and Sanjay Nair via Littler
We are very pleased to announce that Mattos Filho has been recognized as Law Firm of the Year in Brazil by Who’s Who Legal for the third consecutive year.
As one of the most important guides in the international legal market, each year Who’s Who Legal conducts extensive research on the performance of law firms and legal practitioners throughout the world to determine the winners in each category. More information about this year’s awards can be found here.
We believe this result is directly due to our multidisciplinary approach to outstanding service. It reinforces our commitment to making clients central to our decision-making, anticipating trends and presenting tailor-made legal solutions.
We would like to thank and congratulate our professionals, whose dedication and active support have contributed to this important achievement.
A Secretaria de Comércio Exterior, do Ministério da Economia, publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping. As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.
Em 29 de novembro de 2021, a Secretaria de Comércio Exterior (SECEX), do Ministério da Economia (ME), publicou quatro novas Portarias relacionadas a procedimentos de investigações de defesa comercial, principalmente investigações antidumping (AD). As Portarias disciplinam práticas já adotadas pela Subsecretaria de Defesa Comercial e Interesse Público (SDCOM) e determinam critérios para a utilização de disposições previstas de forma não detalhada no Decreto nº 8.0858/2013.
Spain’s Santander (SAN.MC) will invest around $6 billion between 2022 and 2024 to promote digital transformation of its Latin American operations, the bank said in a statement on Wednesday.
Santander’s diversification overseas, especially in Latin America, has helped the bank cope with tough conditions for lenders in Europe in the years since the financial crisis.
It hopes that expanding in emerging economies will help it deliver faster growth than its core markets in Europe of Spain and Britain.
Santander has previously said it invests around $5.6 billion in technology per year as a group.
Reporting by Jesús Aguado; editing by Andrei Khalip via Reuters
PwC has been named as a Leader in the IDC MarketScape: Worldwide Salesforce Implementation Services 2021 Vendor Assessment (November 2021, IDC #US47073921). The IDC MarketScape report says, ‘Across all 14 strategies assessed, the 3 strategies areas valued most highly by customers are “portfolio strategy,” “functionality/offering strategy,” and “client adoption strategy.’
According to the report, ‘PwC offers a full range of services that span from strategy to execution. It specializes in business transformation and has significant experience assisting clients with all aspects of Salesforce implementation work. PwC has management consultants worldwide who work on strategy, deals, change management, and front-office and back-office transformation programs. By combining these capabilities with its core Salesforce and technology consulting capabilities, PwC offers clients fully integrated solutions. PwC’s value proposition for Salesforce revolves around providing an industry-led, business-focused, and technology-enabled approach that integrates knowledge of industries, business processes, and technology that is necessary to deliver Salesforce solutions effectively and comprehensively.’
By PwC
American Express and a San Francisco-based fintech startup are offering tens of thousands of Brazilians in Massachusetts a chance to use their credit histories from their native country to build their credit in the U.S.
American Express and Nova Credit announced Tuesday the opening of eligibility for their “credit passport” to Brazil, as well as the Dominican Republic, Kenya and Nigeria. That’s in addition to Australia, Canada, India, Mexico and the United Kingdom and other countries added in the two years the companies have worked together.
“In a nutshell, we can take an immigrant who would have otherwise been rejected because they don’t have a US credit file and we’re able to get them approved and access their journey of building their own U.S. credit file,” said Misha Esipov, co-founder and CEO of Nova Credit.
By Steph Solis
Digital Editor, Boston Business JournalAs conexões digitais se multiplicam e formam teias cada vez mais emaranhadas de novas tecnologias. Isso faz com que os processos necessários para gerenciar e manter toda essa rede – inclusive a segurança cibernética – também se tornem mais e mais complicados.
Alguma complexidade é necessária e até desejável no atual contexto. Por exemplo, ter um telefone capaz de fazer muito mais do que chamadas simplifica a nossa vida, pois permite carregar vários dispositivos no bolso – gravador de voz, câmera, calendário, relógio, TV, uma biblioteca inteira de livros, entre outros.
Mas há uma complexidade desnecessária, nociva, e os altos executivos já perceberam isso. Para 77% dos líderes brasileiros que participaram da nossa pesquisa Digital Trust Insights 2022 (75% no mundo), as organizações se tornaram complexas demais para serem protegidas. Membros da diretoria, do conselho e líderes de TI e segurança estão preocupados que essa dificuldade desnecessária e evitável exponha suas organizações a riscos cibernéticos e de privacidade.
A PwC Research, o centro de excelência global da PwC para insights e pesquisas de mercado, conduziu a pesquisa Global Digital Trust Insights, antes conhecida como Global State of Information Security Survey (GSISS).
Digital lender Nubank’s (NU.N) shares opened 25% above the offer price in their stock market debut on Thursday, giving the company a market capitalization of nearly $52 billion, making it the third most valuable listed firm in Brazil.
At that valuation, the Sao Paulo-based fintech, backed by Warren Buffett’s Berkshire Hathaway Inc (BRKa.N), is only behind commodities players Petrobras (PETR4.SA) and Vale (VALE3.SA).
On Wednesday, Nubank priced its initial public offering at the top end of a range it had lowered earlier due to concerns over a global rout in technology stocks, to raise nearly $2.6 billion. The offer was eight times oversubscribed, one source with knowledge of the matter said.
The flotation comes as a record year for U.S. listings, which saw heavyweights like Coinbase (COIN.O) and Robinhood (HOOD.O) go public, draws to a close.
Brazil is auctioning airports in what the government describes as a bid to raise investments and modernize infrastructure.
By Hande Atay Alam, CNN
Born as a financial application to facilitate banking transactions, PicPay is becoming a “super app”, a solution that integrates several services in one place. According to Luiz Fernando Diniz, head of Social at the startup, the company wants to embrace more and more functions, especially from social networks, and be the home of interactions on other platforms, such as WhatsApp.
In an interview with TecMundo, the company executive made it clear that it aims to be a “Brazilian WeChat”. The Chinese app is known for encompassing payment services, marketplace, and social functions, all in just one app.
After suffering one of the world’s worst Covid-19 disasters, Brazil is staging a turnround with a steep drop in deaths and a mass inoculation campaign as it beefs up its ability to manufacture coronavirus shots.
During a devastating second wave of infections earlier this year, Latin America’s most populous nation was the epicentre of the global outbreak, peaking at more than 4,200 fatalities recorded in a single 24-hour period in April.
But daily deaths from the disease have since fallen to under 200 on a seven-day rolling average, with the rate per 100,000 residents currently below the US, EU and UK.
By Michael Pooler in São Paulo via Financial Times
Between January 25, 2020 and February 29, 2020, the former administration issued three separate executive orders restricting travel from China, South Africa, Brazil, the Republic of Ireland, the United Kingdom, and the Schengen region of Europe as a measure to reduce the spread of COVID-19. President Biden extended each of these proclamations on January 21, 2021, which remained in place until withdrawn by executive order on October 25, 2021. Under this executive order, all COVID-19 travel bans were lifted effective November 8, 2021, and replaced with mandates for vaccinations and proof of negative COVID-19 testing prior to international travel.
By Jorge Lopez and Sarah Holler via Littler
Nem só de grandes cheques vivem as startups. Até chegar a eles, as novatas precisam sobreviver ao vale da morte, que marca os primeiros meses ou anos de vida — uma ajuda financeira nessa fase, portanto, faz bem por merecer o epíteto de anjo.
Por mais de dez anos, um grupo (ou seria uma legião?) composto por Arthur Brennand, Bruno Yoshimura, Alexa Noschese, Eduardo Campos e Rafael Costa se trombou no ecossistema, entre um investimento anjo e outro, o que incluiu unicórnios como Gympass, Creditas e Quinto Andar, com um portfólio de mais de 70 investimentos.
Das conversas que mantinham, o quinteto chegou à conclusão de que, unidos, poderiam preencher um gap. Assim surgia a ONEVC, gestora de venture capital que se especializou em seed money.
Por Luiza Ferraz via Valor Economico.
Alta da inflação influenciou a decisão do presidente de continuidade em política monetária, segundo analistas
Ao escolher manter Jerome Powell em seu cargo, Joe Biden provou que aprendeu uma lição valiosa com o ex-presidente Barack Obama sobre a importância da continuidade ante o partidarismo durante tempos econômicos desafiadores.
O atual presidente do Federal Reserve, o banco central dos Estados Unidos, foi indicado para o cargo pelo ex-presidente Donald Trump em 2017.
Assim como Obama manteve Ben Bernanke no cargo após a Grande Recessão de 2008, apesar de ter sido indicado pelo republicano George W. Bush, Biden reconheceu que faz sentido manter Powell para que ele possa continuar no comando da recuperação pós-Covid.
Por Paul R. La Monica
O estado aposta na formação de um ecossistema de desenvolvimento do combustível do futuro, debatido em um seminário internacional online e gratuito.
“Acredito que um dia a água será usada como combustível, que o hidrogênio e o oxigênio que a constituem, usados de forma isolada ou simultânea, oferecerão uma fonte inesgotável de calor e luz a uma intensidade superior à do carvão mineral”.
Em mais de uma ocasião, a previsão do escritor Júlio Verne, publicada em 1875 no romance A Ilha Misteriosa, foi citada no Centro de Eventos do Ceará na manhã de 14 de outubro. Diante de uma plateia híbrida, composta por participantes presenciais e com transmissão gratuita pela internet, 14 autoridades e especialistas se revezaram no Seminário Internacional Hidrogênio Verde no Ceará.
By Governo do Ceará via Valor Econômico
In a November 4, 2021 opinion, the U.S. Court of Appeals for the Second Circuit upheld New York’s vaccine mandate for healthcare workers, rejecting arguments advanced by healthcare professionals in two different district court cases that the mandate’s failure to provide for religious exemptions violated their religious freedoms and should be enjoined.
As we previously reported, New York State Department of Health’s Public Health and Health Planning Council unanimously approved an emergency regulation requiring vaccination for all covered personnel employed in hospitals, nursing homes, and other identified healthcare entities.1 This mandate took effect on August 26, 2021, and required covered personnel of hospitals and nursing homes to receive their first COVID-19 vaccine by September 27, 2021, while those employed by other covered facilities had until October 7, 2021 to receive their first dose.2 Under the mandate, covered personnel are persons who, if infected with COVID-19, could potentially expose other covered personnel, patients or residents to the disease. It should be noted that the mandate, while not providing for a religious exemption, does permit a medical exemption, as discussed below.
By Kelly C. Spina, Terri M. Solomon, and Lisa M. Griffith via Littler.
Brazilian state-controlled lender Banco do Brasil SA on Monday beat analysts’ estimates for third quarter profit and said it is likely to post a full-year net income higher than it had previously forecast.
Recurring net income came in at 5.139 billion reais, up 47.6% from the same period a year earlier, and above an analysts estimate compiled by Refinitiv of 4.496 billion reais. Its return on equity came in at 14.3%.
Its net interest income, a measure of earnings on loans minus deposit costs, rose 11.9% year-over-year to 15.683 billion reais, driven by lending and trading gains.
By Carolina Mandl/Reuters via Yahoo Finance.
Capital Markets | 5 Key Points For Companies and Founders About IPO Process in Brazil
2021 has been marked by the return of initial public offerings (IPOs) in the Brazilian market, with over 50 transaction until October.
From fintechs to tech and agribusiness companies, there has been a solid return of offerings flow that should remain in 2022. Below are 5 key points about IPOs that companies and founders typically question: 1. Which Company Size Can Do IPO in Brazil: B3, the Brazilian stock exchange, has 5 listing segments, being Bovespa Mais, Bovespa Mais Level 2, Novo Mercado, Level 2 and Level 1. They cover, like Bovespa Mais, from small and medium-sized companies that wish to access the market gradually, to the Novo Mercado, those that are more consolidated and that have a differentiated corporate governance standard; 2. Pre-IPO Process Phase: at this stage, the company’s Corporate Governance is evaluated and improved, with (i) the creation of board of directors with the participation of independent members; (ii) reform of bylaws; (iii) election of investor relations officer; (iv) contracting an external audit; (v) entering into a shareholders’ agreement; (vi) implementation of executive compensation programs; (vii) creation of integrity policy and code of ethics; 3. The IPO Process: (i) the registration of a publicly-held company with the Brazilian Securities and Exchange Commission (CVM) will be carried out, so that the company is allowed to trade its shares on the stock exchange; (ii) registration of the public offering of shares before the CVM and (iii) listing procedures before B3; 4. Which Investors Will the IPO Focus On? The IPO may have (i) an offer registered in Brazil only, (ii) registered in Brazil with efforts to sell abroad, (iii) an offer with restricted efforts in Brazil and abroad, and (iv) an offer registered in Brazil and abroad; 5. Documentation of the IPO: the legal instruments that involve the public offering of shares are diverse, including (i) the prospectus (in Portuguese and, for an offerings abroad, in English), being the main document of the offering; (ii) Brazilian and international distribution contracts, which deal with the relationship between the company and the institutions coordinating the offering; (iii) corporate acts that approve the offering, the IPO and the listing; and (iv) notice to the market, announcements of opening and closing of the offer; among others. The items above address doubts that companies and founders, from small to large, have on going public and public offering of shares, a movement that should remain in 2022. |
Tax | Interest on Net Equity (“JCP”) Payout in Brazil and Its Deductibility Without Time Restrictions May Become Opportunity for Companies
Brazilian companies that pay Interest on Net Equity (known as “JCP”) to shareholders and stockholders are allowed to deduct the amounts paid from gross income without time limitation, according to a recent ruling rendered by the Brazilian Federal Administrative Tax Court (CARF). It is a very important “overruling” favorable to taxpayers. JCP subject to income tax at a flat tax rate of 15% (general rule) or 25% (if the beneficiary is a nonresident company or individual located in a blacklisted jurisdiction – tax heaven). From an objective point of view, the advantage to companies is that that JCP is deductible from Corporate Tax (IRPJ) and Social Contribution on Profits (CSLL) calculation of basis, which combined can reach a rate of 34%. Just recently, it has been recognized that the deductibility has no time restrictions because there is no such provision of the law. In a more exact way, the deductibility of JCP from gross income includes interest of previous periods. There are indeed legal requirements and deductibility limits are provided, but they there is no time restriction. It is a very favorable decision to taxpayers, especially because it strengthens the principle of tax legality and legal certainty, recognizing that the time limitation established by the Federal Revenue of Brazil (RFB) in order to discipline the matter is a restriction that is not provided by the law and, therefore, it is illegal. It is worth noticing that this “overruling” by the Brazilian Federal Administrative Tax Court is related to changes of procedure rules in the administrative proceeding. Everyone responsible for decision-making on behalf of companies, especially in Brazil, must follow legislative changes, including procedure changes, and the administrative and judicial decisions. |
Brazilian health minister Marcelo Queiroga said on Tuesday the government will offer COVID-19 booster shots to everyone older than 18.
Queiroga said the booster shots will be available five months after the second vaccine dose, and there were enough doses for the entire population.
Reporting by Lisandra Paraguassu, writing by Carolina Mandl, editing by Andrew Heavens via Reuters.
While employers generally provide some form of notice of electronic monitoring, as a matter of practice, in their employee handbook, New York now requires transparency about workplace monitoring as a matter of law. On November 8, 2021, New York’s governor signed a bill that amends New York State’s Civil Rights Law to require private employers not only to notify employees of electronic monitoring, but also to obtain their written acknowledgement of the notice. The amendment will become effective on May 7, 2022.
By Philip Gordon, Joseph Flanagan, and Spencer Soucy via Littler
NEW YORK, Nov. 15, 2021 /PRNewswire/ — Market participants are now able to apply their environmental, social and governance (ESG) principles to the assets they are willing to accept as collateral, utilizing innovative ESG Data Analytics by BNY Mellon.
In a milestone development for the collateral industry, international collateral management clients using BNY Mellon’s electronic collateral schedule manager, RULE, now enjoy the capability to digitally express their ESG preferences by leveraging ESG ratings and indexes. The firm’s US clients are able to take advantage of these same ESG eligibility capabilities by updating their schedules using the current US methodology.
The functionality draws on MSCI ESG Ratings through BNY Mellon’s ESG Data Analytics. These ratings assign ESG scores to securities under three distinct pillars: an environmental score, a social score and a governance score. These three scores are then adjusted and aggregated into a final ESG letter rating, from AAA to CCC.
The ESG Data Analytics incorporate these MSCI ESG Ratings into clients’ collateral eligibility decisions via the schedule manager. In practice, this means collateral receivers and providers can agree that only securities with a certain ESG rating are acceptable as collateral.
“Rolling out this capability takes RULE, a proven technology that has already transformed the process of negotiating collateral schedules, and expands it into a very crucial and topical area of focus for the industry,” says Brian Ruane, CEO of Government Securities Clearing Corp., Clearance & Collateral Management and Credit Services at BNY Mellon. “Now, through the incorporation of capabilities from ESG Data Analytics, a client can bring their ESG priorities into negotiations around acceptable collateral, adding an entirely new dimension of utility to the platform.”
MSCI ESG Ratings represent just the first input into BNY Mellon’s ESG collateral management capabilities in what will be an iterative process of further honing the sophistication of the Data Analytics’ patent-pending ESG mapper. In future releases, BNY Mellon expects to add supplementary ESG data to clients’ ability to express their ESG preferences, making the offering even more responsive to their environmental, social and governance goals.
Launched in 2019, RULE affords collateral providers and receivers the ability to negotiate collateral schedules, establishing which assets each party is willing to accept as collateral in real time. The electronic platform has transformed a time-intensive, labor-intensive, paper-based negotiation that commonly took weeks to complete, reducing the negotiation period to a matter of hours.
BNY Mellon’s ESG Data Analytics helps institutions reach their sustainable investment goals by employing a unique combination of crowdsourcing and data science to enable them to benchmark their ESG principles against their peers. The Data Analytics also help clients customize and monitor portfolios in alignment with their sustainability missions, address demonstrability concerns and support evolving standards for ESG implementation practices.
ABOUT BNY MELLON
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Sept. 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Contact:
Peter Madigan
peter.madigan@bnymellon.com
+1 212 815 2308
Nina Truman
nina.truman@bnymellon.com
+1 212 815 2006
SOURCE BNY Mellon
Deviating from recent labor courts’ decisions and Labor Prosecutor’s Office recommendations, on November 1, 2021, Brazil’s Ministry of Labor and Welfare (a body of the Federal Government) issued Ordinance # 620/2021, establishing rules and restrictions relating to the vaccination of employees against COVID-19.
By Renata Neeser, Marilia Minicucci and Pamela Gordo via Littler
Bank posted strong growth in all business lines, maintaining robust capital and liquidity metrics
BTG Pactual (BPAC11) reported, for the second consecutive quarter, record revenues and net income of R$3.8bn and R$1.8bn, respectively. BTG also posted its second highest Net New Money (NNM) in history of R$88bn, only below Q2´s R$98bn, which included R$12bn from the acquisition of Necton (inorganic NNM reported last quarter). As a result, the amount of Assets under Management and Wealth under Management (AuM/WuM) achieved R$942bn.
“We reported another quarter of record results with strong net inflows, robust capital and liquidity metrics and a high-quality credit portfolio growth. I would like to thank our clients for recognizing the quality of our business, supported by the seven awards granted to us during the quarter”, stated Roberto Sallouti, CEO of BTG Pactual.
Via PR Newswire
New York has historically been known as a bedrock of employment-at-will. Its legislature and courts were long resistant to permitting exceptions to this doctrine, such as by recognizing public policy “wrongful dismissal” lawsuits outside the statutory prohibitions against discrimination, harassment, and retaliation set forth in the state Human Rights Law.
In recent years, though, New York has significantly expanded legal protections for private-sector employees. For instance, the #MeToo era led to sex harassment law reforms, and the legislature has expanded discrimination law protections to independent contractors.
New York has now also dramatically expanded protections for private-sector whistleblowers. New York’s whistleblower law, codified at Section 740 of the Labor Law, had provided narrow whistleblower rights, prohibiting retaliation only against employees who complained of practices that actually constitute a “substantial and specific danger to the public health or safety.”
By Philip Berkowitz and Jeanine Conley Daves via Littler
Em 5 de novembro de 2021, o Comitê-Executivo De Gestão Da Câmara De Comércio Exterior (GECEX) publicou a Resolução Nº 269, de 4 de novembro de 2021. A medida reduz em 10% as alíquotas ad valorem do Imposto de Importação (II) dos produtos elencadas no Anexo Único da referida Resolução, que incluem produtos finais, insumos e bens intermediários.
O objetivo da Resolução GECEX Nº 269/2021 foi facilitar o combate aos efeitos da pandemia do coronavírus (COVID-19) na economia nacional, como a alta na inflação, o aumento do custo dos fretes e a desvalorização cambial.
A medida é de grande envergadura, abrangendo mais de oito mil linhas tarifárias (ou seja, 87% do universo tarifário).
Serão mantidas as alíquotas vigentes no que diz respeito a produtos sujeitos a regimes especiais no comércio com a Argentina, como é o caso de vestuários, calçados, produtos lácteos, pêssegos, brinquedos, e produtos automotivos (automóveis e autopeças), cujo II original seja superior a 14%.
Economic and Executive Insights on Today’s Changing Market
2021 REAL ESTATE INDUSTRY
EXECUTIVE FORUM
Wednesday, November 17, 2021 | 8:30 a.m. to 10:30 a.m. [EST]
If you do not see the registration button, please click here to register.
This is an invitation only event.
The 2021 Real Estate Executive Forum will include a fireside chat with Andrew Husby, CFA, Economist, Bloomberg Economics and Lindsay Dutch, CFA, REIT Equity Analyst – Bloomberg Intelligence, who will provide an overview outlining the impact COVID-19 has had on the national economy. Additionally, they will examine the Biden administration’s effects on economic conditions, and specifically, New York’s Metro Real Estate Market.
The Forum will also include a 1:1 discussion with Brookfield’s Managing Partner and Head of the U.S. Office, Ben Brown, that will share his insights on the current state of the New York, and National, Real Estate markets.
FORUM SPEAKERS
Ben Brown Managing Partner and Head of U.S. Office Brookfield Asset Management Inc. |
Andrew Husby, CFA Economist Bloomberg Economics |
Lindsay Dutch, CFA REIT Equity Analyst |
High levels of inflation in most advanced economies (AEs) is starting to make some policymakers, households and some of our clients nervous. The real question is whether this is temporary or something that will last longer? To answer this question, this edition of Global Economy Watch disentangles the inflation dynamics we see in AEs and analyses the arithmetic, demand and supply side drivers.
The arithmetic driver tells us that some of the increase in the inflation rate in the first half of the year is due to ‘base effects’. Shutting down and reopening segments of the economy has led to erratic price changes. These have led to statistical oddities which will gradually fade.
On the demand side, even though the rebound has been strong in the G7 (the Group of Seven is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States), most are still operating with a significant degree of slack or an output gap. The International Monetary Fund (IMF) estimates that this will persist for a few years for all of the G7 except the United States (US). However, the employment data suggests that even the US labour market is operating with significant slack. On balance, we think that the risk of demand-pull inflation is low.
Via PwC
Ataques cibernéticos têm se tornado ubíquos. Crimes digitais não encontram fronteiras e podem ser praticados de qualquer parte do mundo, podendo ter como alvo pessoas ou organizações que estão a milhares de quilômetros de distância da localização dos atacantes.
Enquanto assaltos a bancos de forma física parecem existir cada vez mais so- mente em filmes, todos os dias são disparados ataques a instituições financeiras ao redor do mundo no ambiente digital.
A forte propagação de crimes digitais durante a pandemia de Covid-19 está sendo sentida em diversos países do mundo, e o Brasil não é exceção. Em 2021, o número de ataques cibernéticos promovidos especialmente contra empresas brasileiras, tanto as que atuam somente no país, quanto as que possuem estabe- lecimentos em outros países, vem crescendo vertiginosamente.
Dentre esses ataques, uma das modalidades mais recorrente é o ransomware, prática que envolve o sequestro de dados pelos criminosos e a realização de um pedido de resgate, normalmente em valores financeiros expressivos.
Via BMA Advogados
For all the startup markets in the world, fintech in Latin America is one of the hottest. Capital is flowing into the region’s financial technology companies at a slicing pace, leading to a wave of startups that are building private-market value at a simply astounding rate.
The sheer volume of capital flowing into LatAm fintech startups may appear overheated, but several reasons explain why the flood makes sense. This isn’t to say that every deal and every resulting valuation markup is logical. But there are several factors in play that make the booming venture capital totals these companies are raising more reasonable than they might initially appear.
Regulatory tailwinds in select markets are helping build momentum for fintech products. Also, several startups — we’ll speak to Pomelo and Belvo below; Swap is another example — are working to build infrastructure that should help bring more financial services to market.
By Alex Wilhelm, Anna Heim via TechCrunch.
Climate change isn’t a challenge for tomorrow, it needs to be tackled now. COP26 is shining a light on climate issues and the extent of change needed.
How can the world go faster to net zero? What innovative tools and solutions have real potential to scale up efforts to reach net zero in time to limit the worst effects of climate change on people and our planet? And what does this mean for business? Throughout COP26, we’ll be exploring some of the big questions facing the world and sharing our insights and perspectives.
By PwC
LISBOA – O documentário “Uma Verdade Inconveniente”, do americano Al Gore, mudou a vida da brasileira Eduarda Zoghbi. Ela estava com dez anos de idade quando, por sugestão de uma professora, viu pela primeira vez o político ambientalista falar sobre mudança climática. Nascida e criada em Brasília, Eduarda está em Glasgow, e participa nesta quinta-feira de um dos eventos mais importantes da conferência: a divulgação de um documento com sugestões de jovens para deter a mudança climática, de cuja elaboração participou.
O documento foi desenvolvido em vários grupos de trabalho na pré-COP de Milão, no início de outubro. Entre as sugestões está a disseminação da educação ambiental: “É fundamental para o mundo que os jovens saibam da mudança climática o quanto antes. Foi fundamental também na minha vida”, diz Eduarda, que hoje tem 28 anos.
Por João Gabriel de Lima, O Estado de S.Paulo
Join us for the Morgan Stanley Alliance for Children’s Mental Health Innovation Awards Showcase Day which will take place virtually Thursday, November 11th, 2021.
The Morgan Stanley Alliance for Children’s Mental Health Innovation Awards initiative aims to identify and fund mental healthcare solutions for children and young adults across the United States. The Innovation Awards program specifically addresses the lack of both private and public investment in children’s mental health and the dearth of effective ways to connect innovative ideas with capital. The resulting systemic funding gap has only increased with the deepening crisis in children’s mental health due to COVID-19 and ongoing social injustice issues.
Five winners of the inaugural Innovation Awards were selected after a robust review of over 850 applications by mental health and grant-making experts from the Alliance for Children’s Mental Health. They address a diverse set of communities, geographies, and needs through their transformative and culturally responsive models.
DATE & TIME
November 11th, 2021
12:00 PM – 1:00 PM ET
FORMAT
Virtual
Mattos Filho has more practice areas featured than any other firm in the Chambers Brazil 2021 guide, with 27 in all. In the Transactional Guide chapter – the last stage of the review cycle, released today – seven areas were recognized: Banking & Finance, Capital Markets, Corporate/M&A, Investment Funds, Projects, Real Estate, Tax: Non-contentious.
This year, we were also ranked in two other of the guide’s chapters: ‘Industries & Sectors’, with twelve of our practices featured, and ‘Contentious’, with eight.
Chambers & Partners is one of the most important institutions in the international legal market.
This result reinforces our outstanding full-service practice model and the commitment to provide innovative legal solutions that meet our clients’ needs.
The FinTech trade is flourishing in Colombia, with an expansion of 120% each year and investments of more than $1 billion in the past three years, according to a report from the FinTech Times. Brazil is the fifth-largest FinTech market worldwide, earning more than 70% more investment in 2020 than in 2019, according to the report. The countries’ success is helping to align Latin America’s FinTech advancements with Asia and the U.S., according to the article.
Since the COVID-19 pandemic, online banking services and FinTechs have overwhelmingly set up shop in Colombia, making the country the third-largest FinTech epicenter in Latin America after Brazil and Mexico, according to PYMNTS.
In addition, a recent study found that 40 percent of Colombian consumers are purchasing products digitally, with eCommerce sales anticipated to reach $6 billion to $8 billion by the end of 2022, according to PYMNTS.
By PYMNTS
Risky investment bets on young technology entrepreneurs in Brazil are starting to pay off. That is spurring a boom in startup financing in a country long dominated by entrenched corporate giants.
Digital banking startup Nubank, founded in 2013 just before a sharp economic decline, has attracted investors such as Berkshire Hathaway Inc. and will soon hold an initial public offering in New York. In May, online services marketplace GetNinjas made its debut on Brazil’s stock exchange. Two months earlier, enterprise software company RD Station was purchased for $330 million in one of the country’s largest ever software deals.
By Vinod Sreeharsha via The Wall Street Journal
Their commitment to their clients and their availability, agility and desire to innovate has made them what they are today: a full service law firm with a highly-motivated, integrated and specialized team. Their partners and associates have a profound knowledge of public and private sectors, both regulated and unregulated, and are tireless in the search for creative, bold, sophisticated and advantageous outcomes for their clients.
Following a year of medical, social and economic upheavals, with nearly every organization rethinking how it does business and some experiencing major cyber intrusions amid the pandemic, where are customers when it comes to trusting companies with their data? Will they continue purchasing products and services from companies with which they’ve done business for years, even those affected by significant breaches?
Consumers once remained loyal to businesses despite mistrust over how their data was used. Most kept coming back even after well-publicized security breaches.
This phenomenon, the gap between the value consumers say they place on privacy and how they actually behave, has been called the privacy paradox by some experts on consumer behavior. Some who claim to be disturbed by privacy threats will keep giving away their personal data on social media platforms and elsewhere online, even returning to companies hit by theft of customers’ data.
Via PwC.
Justos, a startup that says it will be the first insurance company in Brazil to use data when determining rates, has raised a $35.8 million Series A round of funding led by Ribbit Capital.
SoftBank’s Latin American Fund and GGV participated as new investors, in addition to existing backers Kaszek, BigBets, Nubank CEO David Velez and Kavak CEO Carlos Garcia Ottati.
In May, Justos had announced a $2.8 million seed raise that included participation from Kaszek, one of the largest and most active VC firms in Latin America, and the CEOs of several unicorns including Assaf Wand, CEO and co-founder of Hippo Insurance; Sergio Furio, founder and CEO of Creditas; Patrick Sigrist, founder of iFood and Fritz Lanman, CEO of ClassPass. Senior executives from Robinhood, Stripe, Wise, Carta and Capital One had also put money in the round.
By Mary Ann Azevedo via TechCrunch.
World leaders face six interconnected challenges, and although approaches and solutions will differ by country, taking key actions will benefit all.
The year 2020 was full of challenges for world leaders. No country was spared from the COVID-19 pandemic or the related economic, educational and national security crises. Issues of climate change became even more acute than they already were, with a record number of natural disasters, including fires, hurricanes and droughts. And geopolitical instability became a shared experience within and across nations, affecting countries that have been fragile for a long time and those that were previously viewed as stalwarts of democracy and stability. These challenges persist in 2021.
Citizens and businesses are looking to their government leaders to help them navigate and emerge stronger from these large-scale, complex problems. Most stakeholders have accepted that going back to the way things were in 2019 is not an option—or even a goal. Thinking ahead to 2022, they want a better future, informed by the lessons of 2020 and now 2021.
Via PwC
O consumo é um dos pilares da vida atual e uma das atividades que impactam diretamente a exploração de recursos naturais, nota-se uma tendência de mudança na forma de consumir. Além disso, percebe-se uma grande movimentação nos diversos segmentos do mercado para contribuir para a mudança do mindset do consumidor para um consumo consciente. Por isso, nosso evento tem como objetivo discutir medidas sustentáveis e impulsionadoras do consumo consciente dos segmentos de Produto, Aplicativo/tecnologia e serviços.”
Abertura:
Eduardo de Campos Ferreira – sócio da área Ambiental do Machado Meyer
Debatedores:
Rodolfo Araújo – Head de Legal e Tax do Ifood
Ana Paula Jacobus Pezzi – Gerente Jurídica da JBS
Eliane Santos – Gerente de Sustentabilidade Mercado Brasil na Natura
Mediação:
Thais Matallo Cordeiro – sócia da área Contenciosa, especialista em assuntos estratégicos de relações de consumo do Machado Meyer.
Oct 27, 2021 09:00 AM in Sao Paulo
Google made waves in Manhattan real estate when it bought the iconic Chelsea Market and its 2.9 million-square-foot New York headquarters building within a few years of each other in the past decade. The technology giant followed up last month with the largest U.S. real estate transaction since the pandemic, a $2.1-billion purchase of the under-construction St. John’s Terminal.
Google’s takeover of Manhattan’s West Side has been mirrored to varying degrees by Amazon, Microsoft, Apple, Facebook and Salesforce, each of which has established a campus in the city. The surge in real estate occupancy shows how technology companies are rapidly displacing counterparts in banking and finance as the city’s biggest industry in the aftermath of the pandemic: Big tech also leads in employment growth and by volume of companies.
Two decades ago, Tim Armstrong, 50, became Google’s first New York-based employee. “If you were having a cocktail party for all the people who worked in the internet in New York, you could fit them all in a bar,” Armstrong says. “Now I’m guessing you’d have to take over Madison Square Garden, plus the Javits Center to fit everybody in.”
By David Jeans via Forbes.
ATLANTA – The U.S. Small Business Administration (SBA) has put more than $160 million in financial assistance into the hands of residents of New York, New Jersey and Pennsylvania to help them recover from the damages caused by the remnants of Hurricane Ida. As of Oct. 13, the SBA had approved 3,319 loans for a total of $160,671,100. “Hurricane Ida cut a wide swath of damage, and SBA’s mission-driven team is working hard to help affected small businesses and residents with their recoveries,” said Kem Fleming, Director of the SBA’s Field Operations Center East. “We’re committed to providing federal disaster loans swiftly and efficiently, with a customer-centric approach to help businesses and communities recover and rebuild.”
Businesses, homeowners, renters and private nonprofit organizations in 28 primary counties in New York, New Jersey and Pennsylvania are eligible to apply for physical disaster loans from the SBA. Those include the New York counties of Bronx, Kings, Nassau, Queens, Richmond, Rockland, Suffolk and Westchester; the New Jersey counties of Bergen, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Passaic, Somerset, Union and Warren; and the Pennsylvania counties of Bedford, Bucks, Chester, Delaware, Montgomery, Northampton, Philadelphia, and York.
Small businesses and most private nonprofit organizations in counties adjacent to the primary counties are eligible to apply only for SBA Economic Injury Disaster Loans.
To be considered for all forms of disaster assistance, applicants should register online at DisasterAssistance.gov or download the FEMA mobile app. If online or mobile access is unavailable, applicants should call the FEMA toll-free helpline at 800-621-3362. Those who use 711-Relay or Video Relay Services should call 800-621-3362.
Businesses and individuals should then complete and return an SBA disaster loan application by visiting DisasterLoanAssistance.sba.gov. They can also obtain individual assistance at one of the recovery centers established in all three states. Locations and hours can be obtained here:
Businesses and individuals can ask questions, obtain loan applications or other information by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of hearing) or emailing DisasterCustomerService@sba.gov.
Loan applications can also be downloaded at sba.gov/disaster.
Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth, TX 76155.
About the U.S. Small Business Administration The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations.
To learn more, visit www.sba.gov.
We are pleased to announce year two of the MS Experienced Professionals Program, designed to recruit and develop talented Black & Hispanic/Latinx professionals with or without a background in Finance.
Program Overview:
The program begins in February 2022 and will be based in Morgan Stanley’s New York office. Upon joining, participants will complete a formal orientation, and a training and development program (expected to be 6-8 weeks) to set them up for success in their new full-time role. Where required, they will also attend training and study sessions to help them prepare for any licensing and registration exams. To enhance the process, participants will also be provided with a wide range of resources and support, including a dedicated program manager, mentor and buddy, and ongoing product-specific training and career management tools.
Qualifications & Requirements:
We welcome highly motivated candidates with 2-8 years of postgraduate work experience in a professional environment from a diverse range of industries, including but not limited to: Aerospace, Consulting, Energy, Engineering, Finance/Accounting, Government, Law, Life Sciences/Pharma, Insurance, and Information Technology & Military/Defense. In line with our diversity commitments, we strongly encourage applicants who self-identify as Black and/or Hispanic/Latinx to apply.
Referral Process:
We invite you to engage your network and refer interested candidates to apply for the
2022 Morgan Stanley Experienced Professionals Program. You can do this by:
· Forwarding the application link to potential candidates in your network, or
· Sending your referral’s resumes to the 2022_msepp@morganstanley.com
· All candidates will be asked to complete either application below by Monday, November 1st, 2021.
o Fixed Income & Bank Resource Management
We will be hosting webinars for all interested candidates to learn more about Fixed Income & Bank Resource Management and Equity Research at Morgan Stanley, the Experienced Professionals Program and the application processes. Please encourage interested contacts to join the event of interest.
· Fixed Income & Bank Resource Webinar – October 26th
· Equity Research Webinar – October 28th
If you have any further questions or need more information, please contact us.
To review all open permanent positions, please click here.
BNY Mellon has joined a consortium working to introduce blockchain technology into international trade finance and digitize how working capital is provided to both suppliers and buyers across the globe.
Through its participation in the Marco Polo Network, BNY Mellon is now able to more efficiently insert liquidity into the international supply chain, providing supply chain finance solutions including both payables financing and receivables discounting to suppliers shipping goods and services to their buyers around the world.
The Marco Polo Network is a consortium of approximately 45 banks that provides an open software platform for trade, payments and working capital financing to banks, corporates and other market participants. It is a cloud-based blockchain-powered network that allows the seamless, secure and fast exchange of trade data assets in a multi-channel environment.
Utilizing Marco Polo, BNY Mellon will not only provide financing to suppliers, but will also have real-time visibility into trade finance instruments and their status, such as purchase orders and invoices.
By PRNewswire.
Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund
Finance | 5 Key Points About FIAGRO – The New Brazilian Agribusiness Fund
FIAGRO – the new Agribusiness Investment Fund is now actively being used by fund managers to finance the Brazilian agribusiness and acquire rural land, with BR$ 2 billion been raised since August. Created by Federal Law 14.130 and regulated by the Brazilian CVM Resolution 93, there are already 17 FIAGROs-Real Estate launched to invest mostly in CRAs (ag receivables securities), but also in rural land, and 3 FIAGRO-Receivables to finance CPRs (rural product note). Due to the success of such new fund’s category, we list below 5 key points about FIAGRO tha may be of investors and fund managers interest: 1. What is FIAGRO: it is an investment fund regulated by CVM dedicated to grant credit, acquire rural land, M&A, asset and wealth planning, among others, in agribusiness. 2. What are the 3 categories of FIAGROs and their target assets: CVM has experimentally authorized 3 categories of FIAGROs: (i) “FIAGRO-Receivables” take the form of “FIDC” and may invest in agribusiness receivables and securities backed by agribusiness receivables, including CRAs and CPRs; (ii) “FIAGRO-Real Estate” takes the form of “FII” and may invest in rural lands and real estate receivables related to rural land, including CRAs and CRIs; (iii) “FIAGRO-Participations” take the form of “FIP” and may invest in equity interests in companies that explore activities in the agri-industrial chain, including convertible securities. 3. Who can benefit from FIAGROs: FIAGROs can be used by Brazilians and foreigners, including (i) lenders and fintechs, as a vehicle for credit and advance of receivables, (ii) real estate investors, as an investment vehicle for acquisition of rural lands in Brazil aiming at exploration, rural partnerships, land value appreciation, etc. (observing the legal restrictions for foreigners), (iii) Venture Capital, Private Equity and investors in general, as a vehicle for equity investment in agribusiness companies, and (iv) agribusiness family groups/companies, for asset, wealth and fiscal planning. 4. Favorable Taxation of FIAGROs: in the same way as real estate funds, income distributed by FIAGROs to individual shareholders will be exempt from income tax, provided that (i) the fund has more than 50 shareholders, (ii) the respective shareholder does not holds more than 10% of the fund’s equity or earnings, and (iii) the shares are listed in exchange or over the counter. As for investments, investments made by FIAGROs in CRAs, CRIs, CPRs, CDA/WAs, CDCAs are not subject to withholding income tax. 5. Favorable Taxation in FIAGROs’ Capital Contribution: FIAGROs shares may be paid-in in cash, assets and rights, including real estate (rural land, among others). The payment of income tax arising from the capital gain on the shares paid-in with rural property by an individual or legal entity may be deferred to the date defined for the moment of sale of these shares or redemption. The volume of 20 FIAGRO operating evidences the importance of this category of funds for the market. FIAGROs will allow Brazilian and foreign investors, lenders, fintechs, insurance companies and family groups to invest and finance the sector with legal certainty and tax efficiency.
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Dentre as novas tendências que o ecossistema de healthtechs consolidou durante o período de pandemia está o desenvolvimento de soluções com enfoque específico na saúde das mulheres, incluindo mulheres cisgênero, transgênero e não-binárias. As chamadas FemTechs vêm ganhando tração por três principais motivos:
By Mattos Filho.
Na quarta-feira, 20 de outubro, às 5:30pm, venha ouvir a história inspiradora de Edu Lyra, o empreendedor social que tem um sonho ambicioso: transformar as favelas brasileiras em peça de museu.
Local: Consulado-Geral do Brasil em Nova York – 225 East 41st Street, NY 10017
Com apenas 33 anos, Edu Lyra já é um dos mais admirados empreendedores sociais do país. Palestrante requisitado, tendo sido convidado a falar em universidades como Harvard e Babson College e em empresas como Google, Ambev e Accenture. Lyra é fundador e CEO da Gerando Falcões, rede que viabiliza projetos de impacto social em periferias e favelas do Brasil. É uma realidade que conhece por experiência própria e que procura transformar por meio de ações mundialmente reconhecidas.
A palestra será seguida de coquetel.
Global banking leader Santander announced today the spinoff of their merchant payment business, Getnet Brazil. Beginning October 18th, Getnet will be listed on the B3 Exchange in Brazil, and on the Nasdaq beginning Oct 22nd. Santander sees the spinoff as the first step toward building Getnet into a global merchant acquiring business. Already the 3rd largest acquirer in Brazil and number one in eCommerce processing, Getnet is planning a major expansion through the LatAm regions, into the UK, and eventually the North American markets. Getnet has doubled its market share in Brazil in just 5 years, and today services more than 1.2 million merchants in Brazil, Mexico, Argentina, Chile, Uruguay and parts of Europe.
The spin-off of Getnet Brazil, which was a wholly owned subsidiary of Santander Brazil, is part of Santander Group’s plans to create a global merchant acquiring franchise under the Getnet brand as part of PagoNxt – a technology-focused global payment fintech fully owned by Santander to integrate the bank’s most innovative and disruptive payments franchises.
Don Apgar via PaymentsJournal.
Workers want more digital skills, more inclusivity, and more flexibility
In one of the largest global surveys of workers, people revealed a mostly optimistic story, but one with some concerning undercurrents. Workers reported feeling excited or confident about the future. Most said they believe they can meet the challenges of automation — and they proved it during the pandemic: by learning new digital skills and by quickly adapting to remote work. Yet many people think their job is at risk, and half of all respondents feel they’ve missed out on career opportunities or training due to discrimination.
PwC is committed to highlighting the issues surrounding the digital divide and the societal and economic benefits of greater private-public collaboration on upskilling and reskilling. There’s a lot more to do to create more diverse, inclusive workplaces that allow everyone to give their best.
By PwC.
De tendência fashion a posicionamento central de marcas globais, nos últimos anos a moda sustentável alcançou patamares comerciais sem precedentes. Segundo relatório divulgado pela empresa de pesquisa Research And Markets, o crescimento mundial do setor deve passar de 6,3 bilhões de dólares em 2019 para $8,2 bilhões de dólares em 2023. Entre 2025 e 2030, esse número pode chegar a 15,2 bilhões de dólares, mostrando que investir em sustentabilidade é bom não apenas para o meio ambiente mas também para o futuro da indústria da moda.
A Economist Intelligence Unit (EIU) aponta que as buscas na internet por produtos sustentáveis tiveram crescimento de 71% nos últimos cinco anos. Englobando mais de 54 países, o estudo aponta que, no Brasil, os tuítes relacionados ao assunto aumentaram 82% no período analisado e o volume de notícias cresceu 60%.
O interesse do consumidor por esses produtos aumenta mesmo diante dos preços mais elevados da categoria. Segundo a Futuro do Comércio, pesquisa feita pela Shopify, 53% dos entrevistados afirmaram preferir produtos sustentáveis e 75% se dizem dispostos a pagar mais por itens ecológicos.
“Com o mercado aquecido, o setor enfrenta agora o desafio para diferenciar cadeias produtivas realmente sustentáveis de ações publicitárias oportunistas”, comenta Mäby Dutra, fundadora da DaCosta Verde. Baseada em Nova York, a diretora criativa de São Paulo trabalhou para uma das maiores autoridades no assunto, a designer britânica Stella McCartney. Em 2020, abriu sua própria grife com o objetivo de expandir a moda sustentável do Brasil para o mundo. Da escolha dos materiais à embalagem, passando pela ética social, a DaCosta Verde tem sua marca alinhada com os Objetivos de Desenvolvimento Sustentável (ODS) e apoio consultivo do escritório de parcerias da ONU na campanha We Are Amazônia. Na venda de cada camiseta da linha, comercializada no Brasil, Estados Unidos e, em breve, na Europa, a marca se compromete a doar cinco árvores para a floresta Amazônica, em parceria com a ONG S.O.S Amazônia.
The 2022 edition of World Tax has classified Mattos Filho as Tier 1 in three categories: General Corporate Tax, Tax Controversy and Transactional Tax. Produced in association with the International Tax Review (ITR), World Tax is one of the main rankings recognizing the best firms and professionals in the tax practice area.
Twelve of our professionals were also recognized by the publication – the highest number among Brazilian law firms – with 20 recognitions in three areas: Tax Controversy, Indirect Tax and Woman in Tax.
We are proud to receive this recognition, which reinforces Mattos Filho’s commitment to maintaining a high level of excellence in all the services we provide our clients.
Nesta segunda-feira, 27 de setembro, é comemorado o Dia Mundial do Turismo. Após um ano e meio de pandemia, o setor foi um dos que mais sofreu com as restrições e medidas de isolamento impostas para evitar a disseminação do novo coronavírus. Ainda que a pandemia tenha afetado as fortunas de empresários por trás de companhias aéreas, redes de hotéis e operadoras, o segmento segue presente na última edição da lista da Forbes de bilionários brasileiros.
David Gary Neeleman, fundador e principal acionista no Brasil da Azul Linhas Aéreas, é o nome do turismo mais bem colocado no ranking. Com fortuna estimada em R$ 7,42 bilhões, ele aparece no 69o lugar. Neeleman também é sócio da portuguesa TAP e opera, desde 2018, a Moxy Airways, companhia norte-americana de voos low cost.
By Mariangela Castro via Forbes Brasil.
Our member PwC invites you to their webcast: New Perspectives | FPIs – Regulatory Environment
In this meeting “New Perspectives” they will discuss the following topics:
– SEC administration updates
– Regulatory changes impacting FPIs in relation to 2021
– ESG
– Cybersecurity
– SEC Comment Letters
– Current Audit Challenges and the Future of Audit
Their webcast is live, interactive, completely free and open to the public that wants to join.
Questions can be sent in English, Portuguese, Spanish or French.
AGENDA (São Paulo Time)
10:30 – 10:50 Initial Survey
10:50 – 11:20 Presentation – Guilaine
11:20 – 11:35 Interview – Manuel
11:35 – 12:30 Interview – Jonathan and Guilaine
12:30 – 12:45 Final Test
In analyzing Latin America’s main law firms, the 2021 edition of the Latin Lawyer 250 guide has recognized Mattos Filho as an ‘Elite’ firm, classifying its performance as ‘Outstanding’ in five different categories – Listed Work Areas, LACCA Approved Rankings, Large Company Clients, M&A Deals and Capital Markets Deals. This was the highest number of ‘Outstanding’ classifications of any Brazilian law firm. “Mattos Filho has raised itself to the pinnacle of the Brazilian legal market”, says the institution, one of the most prestigious in the sector.
Our firm received the highest number of recognitions in Who’s Who Thought Leaders — Brazil, which evaluates professionals’ standards of excellence and their capacity to innovate and inspire the sector. In all, 30 of Mattos Filho’s professionals received a total of 35 individual recognitions across 21 different categories.
Mattos Filho was also featured in Law.com’s The Global 200 rankings. Of the 200 largest firms in the world, we were the highest-ranked Brazilian firm in terms of number of lawyers.
We would like to extend our gratitude to these institutions for their recognition of our work, which is rooted in the values of excellence, innovation and collaboration. We also congratulate our professionals, whose efforts are fundamental to the firm’s success.
PwC’s Global Crisis Survey 2021 examines the worldwide business community’s response to unprecedented social, economic and geopolitical disruption.
From altering corporate strategy to swiftly reshaping production capabilities, how did organizations react? How are businesses integrating what they’ve learned into a strategy for long-term resilience?
Between 20 August 2020 and 25 January 2021, organizations representing 73 countries and 29 industries shared their observations. This year’s Global Crisis Survey is our second collection of corporate crisis data and analysis.
By PwC.
U.S. Commerce Secretary Gina Raimondo said on Thursday that the decision by the Biden administration to lift international travel restrictions in early November will be a boost to the U.S. economy, especially for tourist destinations like New York and for business travel.
Raimondo said the decision announced Monday to allow fully vaccinated foreign nationals to fly to the United States “is huge. I think it will really be a boost to our economy, it will certainly be a boost to travel, tourism, hospitality.” To address COVID-19 concerns, the U.S. has barred most foreign nationals from coming to the United States who have recently been in 33 countries including China, South Africa, Brazil, India and much of Europe.
Reporting by David Shepardson; Editing by Leslie Adler via Reuters.
Brazilian planemaker Embraer SA (EMBR3.SA) said on Thursday its subsidiary Eve has signed a memorandum of understanding to sell up to 100 electric aircraft to lessor Bristow Group (VTOL.N), sending Embraer shares higher, in the latest sign of dealmaking in the nascent “flying taxis” sector.
Brazil-listed Embraer shares, which were also boosted by an upgrade to “buy” from “neutral” by analysts at Goldman Sachs, jumped 11.75% to 23.80 reais in early trading in Sao Paulo.
Embraer said in a securities filing that Eve will deliver the first vertical takeoff and landing (eVTOL) aircraft to Bristow by 2026. Both companies will develop an urban mobility model to operate the aircraft, focusing on areas such as regulatory development, eVTOL certification and autonomous operation.
Initially supporting only BTC and ETH, BTG Pactual’s new crypto trading platform plans to allow its users to trade a wide range of altcoins.
Leading Brazilian investment bank BTG Pactual has launched a new platform that enables customers to make direct investments in cryptocurrencies.
The bank’s Mynt platform currently allows users to purchase Bitcoin (BTC) and Ether (ETH), with BTG Pactual expressing its intention to launch support for additional crypto assets in the future. Andre Porthilo, BTG Pactual’s head of digital assets, stated:
“At this first moment, we will have the two main assets of the market, but we will include other cryptos for trading over time. We will have a complete platform with blockchain-based assets.”
BTG Pactual CEO, Roberto Sallouti, described Mynt’s creation as being in response to “demand from our customers who wish to trade crypto.”
Sallouti added that Mynt plans to host education content designed to inform new users about cryptocurrencies and blockchain technology, stating: “As a new asset class, we will also have content to educate and inform our customers about these assets and the technology.”
We have featured at the ITR Americas Tax Awards 2021, which recognizes important transactions and the performance of leading companies, law firms, and professionals in the tax area. This year’s edition saw Mattos Filho recognized for our work in Stone Pagamentos’ acquisition of Linx, with the transaction awarded in the ‘Impact Deal of the Year’ category.
We are delighted to receive this recognition, which serves to reinforce our commitment to excellence and collaboration in offering efficient and innovative legal solutions.
The United States will reopen in November to air travelers from 33 countries including China, India, Brazil and most of Europe who are fully vaccinated against COVID-19, the White House said on Monday, easing tough pandemic-related restrictions that started early last year.
The decision, announced by White House coronavirus response coordinator Jeff Zients, marked an abrupt shift for President Joe Biden’s administration, which said last week it was not the right time to lift any restrictions amid rising COVID-19 cases.
The United States had lagged many other countries in lifting such restrictions, and allies welcomed the move. The U.S. restrictions have barred travelers from most of the world including tens of thousands of foreign nationals with relatives or business links in the United States.
The United States will admit fully vaccinated air travelers from the 26 so-called Schengen countries in Europe including France, Germany, Italy, Spain, Switzerland and Greece, as well as Britain, Ireland, China, India, South Africa, Iran and Brazil. The unprecedented U.S. restrictions have barred non-U.S. citizens who were in those countries within the past 14 days.
A new agreement will see the expansion of Brazil’s public Wi-Fi hotspots network to improve public service provision in locations lacking Internet connectivity.
Under the technical cooperation agreements signed between the Banco do Brasil Foundation and the Brazilian Micro and Small Business Support Service (SEBRAE) with the Ministry of Communications, some 1,000 locations nationwide will benefit from approximately 500 new Wi-Fi hotspots to be implemented by 2022.
The current free Wi-Fi network with satellite-based Internet consists of over 14,000 hotspots across 3,000 Brazilian municipalities, mostly located in the North and Northeast of Brazil. Some 11,000 schools use the hotspots, as well as 1,000 healthcare facilities and 475 Indigenous communities.
By Angelica Mari for Brazil Tech
On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on September 14, 2021 at the age of 73, of Celso Silveira Mello Filho, shareholder of Cosan SA and brother of Cosan Chairman Rubens Ometto Silveira Mello (2014 Person of the Year honoree). Mr. Mello Filho tragically perished in an aviation accident in Piracicaba, São Paulo, along with his wife, Maria Luiza Meneghel; three children, Celso, Fernando, and Camila; pilot Celso Elias Carloni; and co-pilot Giovani Gulo, while en route to Pará, the location of Cosan’s headquarters. Cosan is a longtime and steadfast supporter of the Chamber and our hearts go out to the entire Cosan family during this time of unimaginable loss.
Born into the sugar-alcohol industry, Mr. Mello Filho graduated in Economics from Universidade Mackenzie in São Paulo and began his professional career alongside his brother. His work began at the family’s first plant, the Costa Pinto unit (now the headquarters of the fourth largest company in Brazil, Raízen, a joint venture between Cosan Group and Shell). Together, the brothers helped build Cosan into an energy and infrastructure giant and one of Brazil’s largest holding companies.
Rubens Ometto Silveira Mello remembers his brother as dedicated and competent – someone who liked being involved in daily business operations: “He was a jokester, communicative and well-loved in Piracicaba. I was born at the plant, but he was much more of a man of the countryside and the land than I.”
Mr. Mello Filho is survived by six grandchildren, two daughters-in-law, and one son-in-law. More information on his life and legacy can be found below.
https://exame.com/bussola/celso-silveira-mello-empreendedor-e-educador-deixa-legado-para-o-pais/
https://braziljournal.com/luto-na-cosan-rubens-perde-o-irmao-celso
Businesswoman Luiza Helena Trajano, Chairman of the Board of Directors of Magazine Luiza, was elected by the American magazine Time as one of the 100 most influential people in the world. She is the only Brazilian on the 2021 list.
Some names on the list are British Prince Harry and his wife Meghan Markle, Japanese tennis player Naomi Osaka, American gymnast Simone Biles, US President Joe Biden, and his vice Kamala Harris, Chinese leader Xi Jinping, Russian opponent Alexei Navalni, singers Britney Spears and Billie Eilish, and Taliban leader Abdul Ghani Baradar.
Translated by Kiratiana Freelon via Folha de São Paulo.
A 25ª edição do Inffinito Film Festival chega ao fim no sábado, dia 18, com uma noite de premiação no New World Center Soundscape Park, em Miami Beach. O maior e mais importante festival de cinema brasileiro realizado no exterior começou no dia 4 de setembro e presenteou o público com um grande evento, em formato híbrido, com mostras de filmes e shows ao ar livre em Nova York e Miami e a exibição das produções das mostras competitivas através da www.inff.online em todo o território americano.
A festa de encerramento tem entrada gratuita e começa às 18h, com a apresentação do DJ Lupa e um pocket show da dupla de irmãos cariocas Jhonny’s, às 18h45. Os dois trazem a união do deep house com guitarra e eletronic pads, levando o groove brasileiro para os Estados Unidos. A premiação da Lente de Cristal aos filmes vencedores das mostras competitivas começa às 19h30, quando também será exibida a homenagem feita pelo Canal Brasil para Marieta Severo. Às 20h30, será apresentado o documentário “Neojibá- Música que Transforma”, de Sérgio Machado e George Walker Torres. O filme conta a trajetória do NEOJIBA – Núcleos Estaduais de Orquestras Juvenis e Infantis da Bahia, um dos mais bem sucedidos projetos de inclusão social do Brasil. A programação termina com uma After Party no Lobby Bar do Nautilus by Arlo Hotel, às 22h, com apresentação do DJ Lupa.
18 de Setembro – Noite Premiação Cinema ao Ar Livre – Evento Gratuito
Local: New World Center Soundscape Park – 500 17th Street, Miami Beach, FL 33139
• 6:00 PM – Início do evento com DJ Lupa
• 6:45 PM – Jhonny’s pocket show
• 7:30 PM – Premiação da Lente de Cristal aos filmes vencedores das Mostras Competitivas
• 8:30 PM – Exibição Premiere EUA – Neojibá- Música que Transforma de Sérgio Machado e George Walker Torres
Documentário | 2021 | 80 min
Sinopse
O documentário apresenta a inacreditável trajetória do NEOJIBA – Núcleos Estaduais de Orquestras Juvenis e Infantis da Bahia, um dos mais bem sucedidos projetos de inclusão social do Brasil. Sua orquestra juvenil, formada por jovens baianos em situação de vulnerabilidade social, é internacionalmente aclamada por sua excelência e originalidade. O filme revela as dificuldades e conquistas dos jovens músicos, as mudanças que a prática instrumental promove em suas vidas e como isso impacta suas famílias e comunidades.
Patrocínio: Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Garcia Family Foundation e Titanio Films
Embaixadoras Inffinito: Laura Fernandes, Liliana Kawase e Renata Garcia
Cia Aérea Oficial: American Airlines
Hotel Oficial: Gansevoort
Apoio: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão e ATC Cargo
Bebidas oficiais: Johnnie Walker, Don Julio e Ciroc
Apoio de Mídia: AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl e Canal Brasil
Amigos do Festival: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce, Rhythm Foundation, Rio’s Pet Spa & Boarding, Nautilus Hotel, Neiman Marcus, Amore Pacific e Centro Cultural Brazil USA
Promoção: GloboPlay
Realização e produção: Inffinito
On September 6, 2021, the New York State commissioner of health designated COVID-19 as a highly contagious communicable disease, thereby triggering certain requirements under the New York Health and Essential Rights (HERO) Act. Previously, employers were required to adopt an airborne infectious disease exposure prevention plan by using the state’s model plan or drafting a plan that met the state’s minimum requirements, but employers were not obligated to implement the plan. With the commissioner of health’s formal designation of COVID-19 as a “highly contagious communicable disease” (a designation heralded by New York Governor Kathy Hochul), employers must now implement their New York HERO Act airborne infectious disease exposure prevention plan. This plan includes certain safety measures for the workplace, such as scheduled housekeeping and disinfection schedules, providing PPE to employees, and requiring health screenings for all employees.
What to do?
Once activated with the designation of a highly contagious communicable disease, the NY HERO Act requires employers to:
Continuing Obligations
The designation of COVID-19 as a highly contagious communicable disease is set to expire on September 30, 2021, unless continued by the commissioner of health. Employers must ensure their plan is being effectively followed by:
As of the date and time of this publication, the state has not issued any additional guidance as to the timing of when these requirements must be met, or addressing other issues, such as to what extent that employees’ vaccination status may affect their facemask and social distancing requirements under a plan and the HERO Act’s airborne infections disease prevention standards. Employers are encouraged to consult with counsel to work through questions that may arise, to review and update existing prevention plans and to develop training strategies, and to stay apprised of the continually changing legal landscape regarding COVID-19.
By Lisa M. Griffith and Sanjay V. Nair via Littler
Other related articles:
Subscribe to PwC’s LIBOR Transition Market Update here to read more about these and other developments.
By PwC
Zurich-based Credit Suisse is appointing Ana Paula Pessoa as its chair in Brazil, effective from January, it said in an emailed statement. Pessoa, who is a director on the Swiss bank’s board, is to replace Ilan Goldfajn, who is taking a top job at the International Monetary Fund under Kristalina Georgieva, according to a separate statement.
Formerly Brazil’s top central banker, Goldfajn joined Credit Suisse two years ago to underpin its investment banking ambitions. His exit comes shortly alongside that of long-standing country chief José Olympio Pereira earlier this year. Goldfajn is leading the search to replace Pereira.
Rich Tradition
Pessoa is a 54-year-old Brazilian former media executive who also sits on various corporate boards including Rupert Murdoch’s News Corporation and France’s Vinci Group. She said in a statement that she will help Credit Suisse «seek new opportunities and strengthen our local presence.»
By Finews.ch
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Mr. Ilan Goldfajn as Director of the Fund’s Western Hemisphere Department (WHD). Mr. Goldfajn will assume his role as the head of the IMF’s department in charge of relations with member countries in the Americas on January 3, 2022. He will succeed Alejandro Werner, whose retirement from the Fund was previously announced.
“I am delighted that Ilan will join our team as the new WHD Director. He has an impressive experience in the public and private sectors and is highly respected as an academic. His proven track record as a policymaker, communicator, as well as his depth of knowledge as an international finance executive and his familiarity with the Fund’s work will be invaluable in helping our member countries in the region,” Ms. Georgieva stated.
Mr. Goldfajn was Governor of the Banco Central do Brazil (BCB) from May 2016 until February 2019. During his tenure at the BCB, he oversaw implementation of significant regulatory changes that opened the door to new players in the financial services industry, spurred innovation and digitalization, and fostered the growth of fintech companies that has had a positive impact on Brazil’s financial sector. In 2017, he was elected Central Banker of the Year by The Banker magazine; and the year after, he was named Best Central Banker by Global Finance magazine.
MEDIA RELATIONS
PRESS OFFICER: RAPHAEL ANSPACH via IMF Communications Department
Increased vaccination rates and the easing of COVID-19 restrictions in many countries have lifted economic forecasts and improved the outlook of CEOs in the industrial manufacturing and automotive (IM&A) sectors. For businesses and investors alike, the uncertainty that characterized most of 2020 appears to have been replaced with a clearer vision of future demand.
With that in mind, many companies have already reassessed their strategies and are looking to M&A to realign their portfolios accordingly to create value. The most successful among them will be those with the financial strength and strategic foresight to take advantage of deal-making opportunities and execute on structured value-creation plans.
By PwC
Para consolidar os planos de expansão internacional, a Ornare, famosa por ser referência em móveis sob medida, conta com os jovens Pitter Schattan e Stefan Schattan, a segunda geração de comando da empresa que os brasileiros tanto amam. A partir de agora, os irmãos cuidam das aberturas de franquias fora do Brasil: Estados Unidos, Europa e Ásia. Puro orgulho para os pais Murillo e Esther Schattan.
By Michel Telles via Farol da Bahia.
Venham ouvir a história de sucesso e a experiência profissional do empresário brasileiro Carlos Brito, CEO da Anheuser-Busch InBev de 2008 a 2021.
Carlos Brito liderou com sucesso uma empresa com cerca de 170 mil funcionários em 50 países e em torno de 500 marcas vendidas em mais de 100 países.
Venham conversar! Venham se inspirar!
Será uma oportunidade para todos se motivarem a abrir e manter seu próprio negócio e a vencer no mercado de trabalho!
Conversas Inspiradoras
Dia: 28 de setembro, terça-feira, às 17h
Local: Consulado-Geral do Brasil em Nova York – 225 East 41st Street, NY 10017
Registre-se pelo link
Garanta a sua vaga! A palestra será seguida de coquetel de networking para seguirmos conversando!
A capacidade será limitada, em função das medidas de distanciamento social.
In February 2013, US Airways announced that it would merge with American Airlines to create the world’s largest airline. During the acquisition integration process, CEO Doug Parker had to determine how best to combine the two airlines’ core systems, operating processes, and leadership teams, as well as the appropriate scope and speed of strategic changes. Parker knew that his choices would send important signals to employees, customers, and competitors.
by
JPMorgan Chase & Co JPM.N has reached a deal to buy the Infatuation, the company behind restaurant review brand Zagat, a person familiar with the matter said on Thursday.
Financial terms of the deal were not disclosed.
By Elizabeth Dilts Marshall via Nasdaq.
We are very pleased to announce the arrival of two more partners to our firm. Gustavo Swenson has joined our Life Sciences and Healthcare practice, while Tomás Neiva is now part of our Corporate/M&A practice.
These areas have become more and more relevant in the wake of the coronavirus pandemic, attracting further investment as well as accelerating advances in technology and the entry of new players into the market.
To learn more about our Life Sciences and Healthcare and Corporate/M&A practices, please visit Mattos Filho’s website.
Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology.
Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program.
The miner’s six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide as a conventional trucks and capable of holding 320 tonnes of iron ore.
By Marta Nogueira via Reuters.
Brazil became the latest major country to pass the U.S. in the percentage of its citizens who have had at least one dose of coronavirus vaccine as the government’s inoculation campaign picks up speed and resistance to the shots fades away.
About 63% of Brazilians have now received at least one dose, versus 62% of people in the U.S., according to Bloomberg’s Covid-19 Vaccine Tracker. Countries including Germany, France and the U.K. have vaccinated at least 65% of the population with one shot, the data show.
By Fernando Travaglini/Bloomberg.
On January 1, 2021, Congress passed the Corporate Transparency Act (“CTA”). The CTA will become effective on January 1, 2022. The CTA will require certain U.S. “reporting companies”[1] (including LLCs) to disclose to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), information on their (i) “beneficial owners” and (ii) individuals involved in forming or registering the companies.[2]
Under the CTA, a “beneficial owner” is defined as an individual who, directly or indirectly through any contract, arrangement or otherwise, exercises substantial control over an entity or owns or controls at least 25% of an entity’s ownership interests.
By McLaughlin & Stern LLP.
Petlove&Co, a São Paulo-based digital platform for products and services for the pet market, announced today that it has raised about $150 million (R$750 million) in a funding round led by Riverwood Capital.
The round is nearly double that of what Petlove has raised in its history. The company started its life as PetSuperMarket when it was founded in 1999 in the early days of the internet. Today, the company continues to operate an online store offering a wide range of pet products and services.
By Mary Ann Azevedo via Tech Crunch
Brazil’s National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.
As to the area sown, it is estimated at 39,91 million hectares, 3,6% higher than in 2020/21, while yield per hectare could reach 3,539 kilos in 2022, up 0,29%. “It seems a tiny increase but it is significant given the latest technologies in which Brazilian farmers have invested”, according to Fernando Gomes da Motta, one of Conab’s managers.
Via Merco Press
As companies focus on workforce inclusion, equity, and diversity (IE&D), they are under increasing pressure to assure that the membership of their boards reflects these values. The Securities and Exchange Commission (SEC) recently approved a rule proposed by Nasdaq that requires companies listed on its exchange to meet certain minimum diversity targets on their boards or explain in writing why they are not doing so. This “comply or explain” approach demands of corporations additional accountability for IE&D efforts, requiring them to navigate diversity and anti-discrimination considerations thoughtfully.
In the United States, implementing workforce quotas that mandate hiring on the basis of protected characteristics such as race, ethnicity, or gender is generally unlawful. While the law encourages voluntary diversity efforts, they are subject to careful judicial scrutiny to ensure that they do not constitute unlawful “reverse” discrimination. There has been an increase in investigations and related lawsuits as to whether diversity initiatives constitute unlawful discrimination.
By Philip Berkowitz, Corinn Jackson and Britney Torres via Littler
After more than a year of a crushing global pandemic, the early summer brought hope for a long-anticipated return to normal business operations, at least in the United States. But those plans were derailed by the rapid spread of the highly contagious delta variant and mounting COVID-19 infections. The abrupt change left companies – many of which had just updated plans with an eye toward a post-pandemic future – scrambling to adjust policies on such pressing issues as vaccination, return-to-office timing and mask wearing.
To better understand where employers stand and where we may be headed next, Littler surveyed 1,630 in-house lawyers, C-suite executives and HR professionals from a variety of industries about their current plans, concerns and key considerations when it comes to vaccination of their workforces.
By Barry A. Hartstein and Devjani H. Mishra via Littler
The New Equation focuses on two interconnected needs that clients face in a world of technological disruption, fractured geopolitics, climate change and the enduring impacts of the COVID-19 pandemic.
The first is to build trust. Our approach to building trust is designed to meet rising expectations of transparency and stakeholder engagement. It recognises that reporting and compliance are just one link in a chain that includes organisational culture, executive mindset, aligned standards, certified professionals, stringent controls, tailored technologies, and appropriate governance. It continues to place a commitment to quality at its core.
By PwC
By PwC
Competitive rig utilisation for Brazil-based rigs has increased by 9% in six months, reaching 92% in June. Based on the current rig demand outlook and domestic supply drying up, it is likely that operators will have to source more rigs from outside of the region.
Esgian Rig Analytics shows that there are 22 rigs currently drilling offshore Brazil, and oil and gas companies are expected to ramp up activity further with a recent surge in tendering activity.
By Adis Ajdin via Splash 247.com
On behalf of the Board of Directors of The Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on August 26, 2021, of Ambassador Carlos Eduardo Alves de Souza.
Ambassador Alves de Souza was born on September 21, 1933, to Wladimir Alves de Souza and Maria Adélia in Rio de Janeiro.
His diplomatic career spanned more than 40 years and many different countries. He served as Ambassador of Brazil to the Czech Republic, Paraguay, and Switzerland. He also held several senior positions in Brasília, including the Office of the President in 1985. Ambassador Alves de Souza served as Consul General of Brazil in New York between 1981 and 1984. His interaction with the Chamber strengthened ties between Brazil and the United States and furthered the Chamber’s mission of promoting trade and investment between the two nations. He retired in 2001 to Rio de Janeiro and focused on his family, friends, golf, and his beloved soccer team, Flamengo.
Our heartfelt condolences go out to the family and friends of Ambassador Carlos Eduardo Alves de Souza as we mourn his passing.
After months of negotiations with the authorities, WhatsApp has committed to adjust its privacy policy in Brazil with transparency practices rolled out in line with the rules in place in the European Union.
The commitment from the messaging app follows cross-government efforts led by the National Data Protection Authority (ANPD), the antitrust watchdog Cade, national consumer body Senacon and the Federal Prosecution Service. The authorities had been engaging with the platform to ensure data protection and consumer rights are observed in Brazil, in the context of the app’s updated privacy rules introduced globally in May.
By Angelica Mari via ZD Net
Cora, a Brazilian digital lender to small-and-medium-sized businesses, has raised $116 million in a Series B round led by Greenoaks Capital.
This is a large Series B by any standards, but particularly so for a Latin American startup. It’s also notable that São Paulo-based Cora only raised its $26.7 million Series A round — led by Silicon Valley VC firm Ribbit Capital — in early April. The startup has now raised a total of $152.7 million since its 2019 inception.
By Mary Ann Azevedo via Tech Crunch
As Brazil’s oil industry looks set to soar over the next decade, with the potential to provide almost a quarter of the world’s offshore oil by 2025, Big Oil is betting big on the oil-rich state.
Unlike the rest of the world, which reined in oil production in 2020 as demand stagnated in the wake of a global pandemic, Brazil actually increased its output. These sustained levels of production put it on route to double its output by 2030, making it the world’s fifth-largest exporter, a target that appears realistic thanks to its low cost-oil giving the country a competitive advantage over many OPEC+ states.
Via Yahoo Finance
CONECTAR. Expandimos nosso movimento de transformação. A nova casa de Brasília conecta nossos valores e pessoas com a cidade e seu entorno. Tudo em sintonia para transmitir o melhor da experiência Machado Meyer a todos os nossos colaboradores, clientes e parceiros.
QUE EM BREVE POSSAMOS NOS VER!
RIO DE JANEIRO, Aug. 22 (Xinhua) — The Brazilian government on Sunday sent a plane carrying humanitarian aid and 32 firefighters specializing in rescue to Haiti to help with search and reconstruction efforts after a 7.2-magnitude earthquake hit the Caribbean country on Aug. 14.
Via Xinhua News
New York City recently implemented the Key to NYC Pass, which requires patrons and employees of certain indoor entertainment, recreation, dining, and fitness establishments to prove that they have received at least one dose of the COVID-19 vaccine to enter the establishment. There is no “testing out” option, so it is possible that some patrons and employees may raise issues of discrimination or request accommodations in relation to the vaccination mandate.
On August 17, 2021, the New York City Commission on Human Rights (NYCCHR) issued “Guidance for Businesses on Equitable Implementation of Key to NYC.”1 The guidance is aimed at assisting “covered entities”2 and employers impacted by the mandatory vaccination requirements with avoiding discrimination claims and managing requests for reasonable accommodations by those who claim they cannot receive the COVID-19 vaccination due to their membership in one or more protected categories under the New York City Human Rights Law (NYCHRL).3 Similar guidance was also issued for customers and employees.
By Lisa M. Griffith, Devjani H. Mishra and Mark T. Phillis via Littler
On August 13, 2021, OSHA issued updated guidance to better align with the Centers for Disease Control and Prevention’s July 27, 2021 recommendations, given the rising cases of the COVID-19 Delta variant. The guidance’s purpose is to summarize the CDC’s “substantial or high transmission” guidance and assist employers in recognizing and abating COVID-19 hazards in the workplace. In the guidance’s preamble, OSHA “strongly encourages” employers to provide paid time off to workers for the time it takes to get vaccinated and recover from side effects, and to consider working with local public health authorities to provide vaccinations in the workplace. OSHA also suggests that employers “consider adopting policies that require workers to get vaccinated or to undergo regular COVID-19 testing – in addition to mask wearing and physical distancing – if they remain unvaccinated.”
By Alka Ramchandani-Raj and Karen Charlson via Littler
The Brazilian federal government will include the natural gas sector in an existing tax incentive program for infrastructure investments, a move that could boost the country’s burgeoning gas markets.
The new ordinance will let natural gas production, processing, pipelines and local distribution system projects waive up to 9.25pc in federal taxes on machinery or feedstock under the existing Special Regime to Incentivize Infrastructure Investments (REIDI). REIDI was created in 2007 for transportation, power, ports, energy, irrigation and sanitation sectors, to eliminate the PIS and Cofins taxes which generate funds for social programs.
By Flávia Pierry via Argus Media
HOUSTON, Aug 17 (Reuters) – Chevron Corp (CVX.N)is hoping to play a role in Brazil’s pre-salt oil discoveries, the U.S. oil major’s Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.
The “pre-salt chapter” might be the most important development in Chevron’s more than century-long presence in Brazil, said country manager Mariano Vela. Chevron has held interests in 11 deep water projects in Brazil’s Campos and Santos basins since 2018.
By Sabrina Valle and Marianna Parraga via Reuters
We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) — especially in countries outside of the United States.
In an attempt to remedy that problem, São Paulo-based Kovi was founded in 2018 to give those people access to those opportunities.
By Mary Ann Azevedo via Tech Crunch
Brazil’s startup market is reaching new heights, and its domestic stock market could benefit from the boom.
According to data from KPMG, Brazilian startups raised the most capital in a single quarter in Q1 2021, when some $1.4 billion flowed into domestic technology upstarts. That record stood until the second quarter of 2021 saw $2.7 billion raised by Brazilian startups.
By Nigel Sussman via Tech Crunch
One of the most important phases of the Brazilian open banking project, which involves the sharing of customer registration and transactional data, has gone live today (13), enabling consumers to request their financial information is shared with other institutions.
The open banking initiative, introduced by the Central Bank of Brazil in early 2019, aims to boost market competition and increase financial education in the Latin American country. Under the model, use of open application programming interfaces (APIs) enable third-party developers to build applications and services around the participating financial institutions, with consumer data shared with their consent.
By Angelica Mari via ZD Net
The Brazilian solar market resumed strong growth in the middle of the second year of the Covid-19 pandemic. According to a recent report by Brazilian consultancy Greener, the country imported 4.88 GW worth of PV modules in the first half of 2021. This compares to just 2.2 GW in the first six months of last year, and surpasses the 4.76 GW of PV module imports registered for the whole of 2020.
By Livia Neves via PV Magazine
The 25th edition of the largest and most relevant Brazilian film festival outside Brazil will present 56 films in a hybrid format from September 4th to 18th
For the first time, the competitive screening selection has three Brazil-United States co-productions: one feature and three short films. The films will show online in the US at www.inff.online – the first international streaming platform, launched this year by Inffinito, dedicated exclusively to Brazilian audiovisual. In addition to online exhibitions, with all CDC protocols in place, those in New York and Miami can attend in-person Festival outdoor screenings and events.
The festival’s opening night in New York presents Dom Salvador Samba Jazz Sextet in concert at the SummerStage in Central Park on September 4th at 8:30 pm – a partnership with City Parks Foundation. Dom Salvador, Salvador da Silva Filho, is a Brazilian instrumentalist, arranger, and composer who lives in NY since 1973. He plays piano at the River Cafe among concerts and recordings. Some consider him responsible for changing the course of Brazilian music and for adding some soul to Roberto Carlos’ songs in the 70s. The beauty, rhythm, and sounds of African American musicians’ soul genre. The documentary “Dom Salvador & Abolition” by Artur Ratton and Lilka Hara tells his story, which is unknown to the Brazilian public. The film will screen at 7:00 pm, shortly before his concert.
Awards and Jury: The Competitive Screenings’ films will compete for the Crystal Lens award in the Best Film, Best Director, Best Screenplay, Best Photography, Best Actor, and Best Actress categories. In addition, the Best Documentary has a separate award. Actress Betty Faria is the chair of the feature film jury. Also, in the jury, actress Camila Morgado, the screenwriter and visual artist Luiz Dolino, film critic, screenwriter, curator, and cultural director journalist and content producer Lorenna Montenegro and John Maass, filmmaker, and lawyer. For the Documentary Competitive Screenings, the jury is composed of photographer Maritza Caneca; filmmaker and actor Luciano Vidigal; Flavia Azeredo, linguistics, culture, and cinema professor; and Bianca De Felipes, producer and distributor of films and series. In addition, the audience elects the popular vote award winner in the Best Feature Film, Best Documentary, and Best Short Film categories.
Canal Brasil Tribute: In Brazil, in addition to online screenings, the public will watch a unique selection on TV. As part of the 25th Inffinito Film Festival anniversary celebration, Canal Brasil will present, in prime time (on Saturdays and Sundays, between September 4th and 26th, at 10 pm), the iconic productions awarded by the festival throughout its journey. The selection includes the titles: The Quartet (09/04), Stomach – A Gastronomic Story (09/05), The Kiss (2018) (09/11), João, O Maestro (09/12), Raul – The Beginning, The End and The Middle (09/18), The Patient – The Tancredo Neves Case (09/19), Loki – Arnaldo Batista (09/25) and Urban Snap- Shots (09/26).
Check out the 25th Inffinito Brazilian Film Festival lineup below:
Presential Screenings | New York and Miami:
Film material: https://drive.google.com/drive/folders/1IbN49P853p9ndh0iFRPsT9eU-aZLrXd4
Sept 4 – SummerStage in Central Park, NY – free admission
6:00 PM – Screening of short film The Orphan, by Carolina Markowicz
7:00 PM – Screening of Feature Film Dom Salvador & Abolition, by Artur Ratton and Lilka Hara
Sept 10 – North Beach Bandshell, Miami Beach
7:00 PM – Screening of Sidney and Magal, the Man and the Artist, by Joana Mariani
Sept 11 – Regal South Beach, Miami Beach
7:00 PM – Love Spell, by Caroline Okoshi Fioratti
9:00 PM – Silence of the Rain, by Daniel Filho
Sept 12 – Regal South Beach, Miami Beach
7:00 PM – Valentina, by Cássio Pereira dos Santos
9:00 PM – Jaguar Man, by Vinicius Reis
Sept 14 – Florida International University, Miami – free admission
5:00 PM – The Mother of All Struggles, by Susanna Lira
Sept 18 – SoundScape Park New World Center, Miami Beach – free admission
8:30 PM – Neojiba – Music That Change Lives, by Sergio Machado and George W. Torres
Sept 5 to 17 – Online Screenings – www.inff.online
(Available in the US. More information and film material at the following link –https://drive.google.com/drive/folders/1HE1P8Q9L12TeCEipxnbFnTdoX14i0NYK)
Competitive Screening – Fiction:
Film material: https://drive.google.com/drive/folders/11OWdjmQVm7-PpU7IJvYK6AGud7ZEBJ4V
Competitive Screening – Documentary:
Film material: https://drive.google.com/drive/folders/1DdjBhCUhBfXtKteUpbk1itcSXn3v_YQ2
Competitive Screening – Shorts:
Film material: https://drive.google.com/drive/folders/1SCB9ruED8EGMR240eBFOg1xAzmWjaJ91
* Co-production Brazil-US
About Inffinito Brazilian Film Festival
A pioneer in the promotion and dissemination of Brazilian cinema in the international market, the Inffinito Brazilian Film Festival held, over the last decades, events, exhibitions, and film festivals in cities such as Miami, New York, London, Vancouver, Rome, Milan, Frascati, Madrid, Barcelona, Montevideo, Buenos Aires, Canudos and Bogotá. In 87 editions of the festivals, the circuit has more than 1200 films shown to an audience of more than 2 million people, thus creating a strong relationship with the consumer of the Brazilian audiovisual product abroad. Inffinito’s pioneering spirit is also reflected in the digital world, with the creation of the first online platform for Brazilian cinema: www.inff.online, launched in 2020.
SPONSORS: with the support of the Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, the Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Titanio Films and Garcia Family Foundation.
OFFICIAL AIRLINE: American Airlines
INFFINITO AMBASSADORS: Laura Fernandes Liliana Kawase and Renata Garcia.
SUPPORTED BY: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão, and ATC Cargo.
MEDIA SUPPORTERS: AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl, and Canal Brasil.
FRIENDS OF THE FESTIVAL: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce, and Centro Cultural Brazil USA.
AN EVENT BY: INFFINITO
Inffinito Film Festival anuncia os filmes selecionados
25ª edição do maior e mais importante festival de cinema brasileiro realizado no exterior exibirá, em formato híbrido, 56 filmes, de 4 a 18 de setembro
O Inffinito Film Festival, maior e mais importante festival de cinema brasileiro realizado no exterior, acaba de anunciar a seleção de filmes para as mostras competitivas de sua 25ª edição, confirmada para o mês que vem, de 4 a 18 de setembro. Serão exibidos nos Estados Unidos, em formato híbrido, ao todo 55 produções (lista abaixo) – este ano, pela primeira vez, a seleção conta com três coproduções Brasil-Estados Unidos: um longa e três curtas-metragens. De Porto Rico ao Alasca, os filmes serão exibidos através da www.inff.online – primeira plataforma internacional de streaming dedicada exclusivamente ao audiovisual brasileiro, lançada pela Inffinito no ano passado. Além das mostras online, com o avanço da vacinação e a flexibilização das regras de isolamento social nos Estados Unidos, quem estiver em Nova York e Miami poderá assistir presencialmente a exibições ao ar livre e shows.
Em Nova York, o público poderá assistir ao show do Dom Salvador Samba Jazz Sextet, no SummerStage do Central Park, na noite de abertura do festival, 04 de setembro, a partir das 20h30 – em colaboração com a City Parks Foundation. Dom Salvador, nome artístico de Salvador da Silva Filho, é um instrumentista, arranjador e compositor brasileiro que mora em NY desde 1973, onde toca piano no restaurante River Cafe e alterna seu trabalho com shows e gravações ocasionais. Há quem o considere responsável por mudar os rumos da música brasileira, por ter sido o músico escolhido para dar cara soul à música de Roberto Carlos, nos anos 1970. Isso porque Dom Salvador conseguia fazer o que nenhum pianistas brasileiro tinha conseguido até então: unir beleza, ritmo e sonoridades análogas às dos músicos negros americanos. Sua história, pouco conhecida do grande público brasileiro, é contada no documentário “Dom Salvador & Abolição”, de Artur Ratton e Lilka Hara, que será exibido, na mostra presencial, pouco antes na mesma noite, às 19h, também no Central Park.
PRÊMIOS E JÚRI – Os filmes das mostras competitivas concorrem ao troféu Lente de Cristal nas categorias Melhor Filme, Melhor Diretor, Melhor Roteiro, Melhor Fotografia, Melhor Ator e Melhor Atriz. O Melhor Documentário tem uma premiação à parte. Presidido pela atriz Betty Faria, o júri de filmes de ficção é composto pela atriz Camila Morgado; o roteirista de cinema e artista plástico Luiz Dolino; Lorenna Montenegro, crítica de cinema, roteirista, curadora, jornalista cultural e produtora de conteúdo; John Maass, cineasta e advogado. Para a mostra competitiva de documentários, os jurados são a fotógrafa Maritza Caneca; o cineasta e ator Luciano Vidigal; Flavia Azeredo, professora de linguística, cultura e cinema; e Bianca De Felipes, produtora e distribuidora de filmes e séries. Os prêmios do voto popular são escolhidos pelo público nas categorias Melhor Filme de Ficção, Melhor Documentário e Melhor Curta-Metragem.
HOMENAGEM NO CANAL BRASIL – No Brasil, além de algumas das mostras online, o público poderá assistir a uma seleção especial na TV. Como parte da celebração dos 25 anos do Inffinito Film Festival, o Canal Brasil exibirá no horário nobre (aos sábados e domingos, entre os dias 04 e 26/09, às 22h) a produções emblemáticas premiadas no festival ao longo de sua trajetória. A seleção inclui os títulos: O Quatrilho (dia 04/09), Estômago (dia 05/09), O Beijo no Asfalto (2018) (dia 11/09), João, O Maestro (dia 12/09), Raul – O Início, O Fim e O Meio (dia 18/09), O Paciente – O Caso Tancredo Neves (dia 19/09), Loki – Arnaldo Batista (dia 25/09) e Polaróides Urbanas (dia 26/09).
Confira abaixo a seleção de filmes do 25º Inffinito Film Festival:
Exibições presenciais | Nova York e Miami:
Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1IbN49P853p9ndh0iFRPsT9eU-aZLrXd4
4 de setembro – SummerStage in Central Park, NY – entrada gratuita
6:00 PM – Exibição do curta metragem O Orfão, de Carolina Markowicz
7:00 PM – Exibição do documentário Dom Salvador & Abolição, de Artur Ratton e Lilka Hara
10 de setembro – North Beach Bandshell, Miami Beach
7:00 PM – Exibição do documentário Me Chama Que Eu Vou, de Joana Mariani
11 de setembro – Regal South Beach, Miami Beach
7:00 PM – Exibição do longa metragem Amarração do Amor, de Caroline Okoshi Fioratti
9:00 PM – Exibição do longa metragem Silêncio da Chuva, de Daniel Filho
12 de setembro – Regal South Beach, Miami Beach
7:00 PM – Exibição do longa metragem Valentina, de Cássio Pereira dos Santos
9:00 PM – Exibição do longa metragem Homem Onça, de Vinicius Reis
14 de setembro – Florida International University, Miami – entrada gratuita
5:00 PM – A Mãe De Todas As Lutas, de Susanna Lira
18 de setembro – SoundScape Park New World Center, Miami Beach – entrada gratuita
8:30 PM – Exibição do longa metragem Neojiba – Música Que Transforma, de Sergio Machado e George Walker Torres.
5 a 17 de setembro – Exibições de filmes em competição na plataforma www.inff.online
(Disponíveis somente para EUA. Para mais informações e materiais/fotos dos filmes –https://drive.google.com/drive/folders/1HE1P8Q9L12TeCEipxnbFnTdoX14i0NYK)
Mostra competitiva de ficção:
Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/11OWdjmQVm7-PpU7IJvYK6AGud7ZEBJ4V
Mostra competitiva de documentário:
Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1DdjBhCUhBfXtKteUpbk1itcSXn3v_YQ2
Mostra de curtas-metragens:
Fotos, trailers e cartazes dos filmes: https://drive.google.com/drive/folders/1SCB9ruED8EGMR240eBFOg1xAzmWjaJ91
* Coproduções Brasil-Estados Unidos.
Sobre o Inffinito Brazilian Film Festival
Pioneiro na promoção e difusão do cinema brasileiro no mercado internacional, o Inffinito Film Festival realizou, ao longo das últimas décadas, eventos, mostras e festivais de cinema em cidades como Miami, Nova York, Londres, Vancouver, Roma, Milão, Frascati, Madri, Barcelona, Montevidéu, Buenos Aires, Canudos e Bogotá. Em 87 edições dos festivais, o circuito soma mais de 1200 filmes exibidos para um público de mais de 2 milhões de pessoas, criando assim uma forte relação com o consumidor do produto audiovisual brasileiro no exterior. O pioneirismo da Inffinito também se espelha no mundo digital, com a criação da primeira plataforma online de cinema brasileiro: www.inff.online, lançada em 2020.
Patrocínio: Miami-Dade County Department of Cultural Affairs and the Cultural Affairs Council, Miami-Dade County Mayor and Board of County Commissioners, City of Miami Beach – CAC, Garcia Family Foundation e Titanio Films.
Cia Aérea Oficial: American Airlines
Embaixadoras Inffinito: Laura Fernandes, Liliana Kawase e Renata Garcia.
Apoio: City Parks Foundation & SummerStage, Regal Cinemas, Fogo de Chão e ATC Cargo.
Apoio de Midia: AcheiUSA Newspaper, Acontece Magazine, Radio Florida Brazil, Culture Owl e Canal Brasil.
Amigos do Festival: Brazilian General Consulate in Miami, Brazilian General Consulate in New York, Florida International University, BACC – Brazilian American Chamber of Commerce of Florida and New York, BRATECC – Brazil Texas Chamber of Commerce e Centro Cultural Brazil USA.
Realização e produção: Inffinito
On August 1, 2021, the administrative sanctions provided for the Brazilian Data Protection Law (LGPD) – Law No. 13.709/2018 (the “Law”) came into force and will be applied by the Brazilian Data Protection Authority (ANPD).
LGPD provides that data processing agents (controller and processor) who violate the rules provided for in the Law will be subject to:
By Cristiane Manzueto and Eduardo Maccari Telles via Mondaq
In Brazil, the state government of Rio Grande do Norte and Enterprize Energy have signed a Memorandum of Understanding that will enable the region to expand its portfolio of renewables.
Enterprise Energy has been tasked with identifying opportunities for the development of green hydrogen, offshore wind, and green ammonia in the state. To do so, the company will engage with local businesses, academic institutions, and local and federal authorities on infrastructure development and operation.
Via Power Engineering International
The Brazilian government has announced the members of the National Council for the Protection of Personal Data and Privacy (CNPD) as part of the process of implementation of the country’s data protection rules.
Announced on Monday (9) through a presidential decree, the advisory board is part of the implementation of Brazil’s General Data Protection Law (LGPD). The council is tasked with the formulation of guidelines for the application of the data protection rules, including the provision of subsidies for the creation of the national data protection and privacy policy.
By Angelica Mari via ZD Net
Brazil-based Energy Source is betting on two new business models to boost its revenue in 2021: storage services with reused batteries and the recycling of batteries that have already completed their second life cycles, including the recovery of metals such as cobalt.
The company expects to conclude a financing round by October that will support its “battery-as-a-service” (BaaS) model. The expectation is to raise BRL 12 million ($2.3 million) from existing partners and investors.
By Livia Neves via PV Magazine
NEW DELHI/BEIJING, Aug 11 (Reuters) – Great Wall Motor (601633.SS) has decided to re-allocate to Brazil a portion of its $1-billion investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters.
The re-allocation, which could range up to $300 million, comes as the sources said the maker of popular sport-utility vehicles (SUVs) and pick-ups was close to acquiring a former Daimler (DAIGn.DE) plant in Brazil to build cars.
By Aditi Shah and Yilei Sun via Reuters
SAO PAULO, Aug 10 (Reuters) – Brazilian lender Banco BTG Pactual SA reported on Tuesday a 74% rise in second-quarter recurring net income, to 1.719 billion reais ($328.48 million), amid booming capital markets activity in the country.
BTG’s revenue came in at 3.771 billion reais, a 52% jump from a year earlier, mainly driven by lending, investment banking and asset management fees.
By Carolina Mandl via Reuters
The Agência Nacional de Transportes Aquaviários (ANTAQ), Brazil’s national agency for waterway transportation, will hold an auction to lease areas in the ports of Amapá, Ceará and Salvador on Friday.
At the Port of Santana, an area measuring just over 3,185 square metres will be auctioned for a term of 25 years. The area is intended for the movement of bulk vegetable solids, especially soy bran.
By Kim Biggar via Splash247.com
August 6 (Renewables Now) – Brazil has given the go-ahead to 205.2 MW of wind farms to commence operations in July 2021, power sector regulator Aneel announced on Thursday.
In all, the country has connected 467.06 MW of new capacity last month, with wind parks accounting for 43.9% of that. Since the beginning of the year, Aneel has okayed some 2,282.93 MW of new plants to start operations.
By Lucas Morais via Renewables Now
RIO DE JANEIRO, Aug 4 (Reuters) – Brazil’s Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company’s bottom line.
In an evening securities filing, Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, reported a quarterly net income of 42.855 billion reais ($8.29 billion), up from a loss in the same period last year and well above the Refinitiv consensus estimate of 30.7 billion reais.
By Gram Slattery and Marta Nogueira via Reuters
Brazil’s real led gains among emerging market currencies after the central bank delivered its most aggressive interest rate increase in nearly two decades and promised to bring back a restrictive monetary policy to tame above-target inflation.
August 4 (Reuters) – In March last year, Oziel da Silva Santos needed a new TV but with stores closed due to COVID-19 restrictions in Brazil’s northern city of Belem, the 50-year old was clueless about how to get one. He followed a link on the website of furniture retailer Via Varejo (VVAR3.SA) and called a store manager.
On the other end of the line was Railton Sampaio, a manager at the city’s largest Via Varejo. Sampaio helped him buy the TV online, sending the link for payment through the commonly used messaging app WhatsApp.
By Tatiana Bautzer via Reuters
SAO PAULO (Reuters) – E-commerce giant Amazon.com Inc started to offer its Brazilian Prime subscribers free one-day delivery in 50 cities on Wednesday, amid fierce market competition in Latin America’s largest economy.
The move comes as rivals such as MercadoLibre and Magazine Luiza are investing heavily to ramp up delivery speeds and gain clients.
By Jimin Kang via KFGO
DUBLIN, August 03, 2021–(BUSINESS WIRE)–The “Express Delivery Market in Brazil 2021-2025” report has been added to ResearchAndMarkets.com’s offering.
The express delivery market in Brazil is poised to grow by $ 1.49 billion during 2021-2025, progressing at a CAGR of almost 4%
Via Yahoo Finance
August 2 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 34.65-MW portion of the 471.25-MW Chafariz wind complex, the firm announced last week.
With 10 turbines up and running already, a portion of the larger wind farm has been delivered 17 months before the contract signed for supplies to the regulated market becomes effective.
By Lucas Morais via Renewables Now
The Mexican unicorn Kavak announced the start of its operations in Brazil with an investment of more than 500 million dollars.
“Our business model is growing fast, due to our ability to formalize the pre-owned car market through data technology and artificial intelligence, which allows us to streamline the car buying and selling process; reduce reconditioning time and evaluate the different financing options, in addition to eradicating fraud risks by eliminating dealing with third parties and granting guarantees in a sector that registers various types of crimes due to informality in transactions ”, stated Carlos García Ottati , CEO of the company for the sale and purchase of pre-owned cars.
Via Entrepreneur
Pipo Saude, a startup that developed a platform that sells and manages healthcare benefits for Brazilian companies, has raised $20 million in a Series A round of funding.
Joshua Kushner’s Thrive Capital led the round, marking the first time the New York-based venture firm has led an investment in a Brazilian startup. (Although, notably, Thrive has also put money in Nubank and Loft.)
By Mary Ann Azevedo via Tech Crunch
Brazil has created a cyberattack response network aimed at promoting faster response to cyber threats and vulnerabilities through the coordination between federal government bodies.
Created through a presidential decree signed on July 16, the Federal Cyber Incident Management Network will encompass the Institutional Security Office of the presidency as well as all bodies and entities under the federal government administration. Public companies, mixed capital companies and their subsidiaries may become members of the network on a voluntary basis.
By Angelica Mari via ZD Net
In relation to what the country produces in this season of 2020/2021, the increase in production until 2030/2031 should be 71 million tons, an increase of 27.1%, at a growth rate of 2.4% per year. Soybeans, second crop corn and cotton should continue to drive growth.
The numbers are from the study Projections of Agribusiness, Brazil 2020/21 to 2030/31 , carried out by the Secretariat of Agricultural Policy, of the Ministry of Agriculture, Livestock and Supply (Mapa), by the Secretariat of Intelligence and Strategic Relations, of the Brazilian Research Corporation Agriculture (Embrapa), and by the Department of Statistics, University of Brasília (UnB).
By Brazil’s Ministry of Agriculture, Livestock and Supply via The Pig Site
BRASILIA, July 26 (Reuters) – Consumer confidence in Brazil rose in July to a nine-month high, a survey indicated on Monday, a fourth consecutive increase fueled more by future expectations than sentiment around the current situation.
BRASILIA, July 22 (Reuters) – Brazil’s government is on course to post a primary budget deficit this year of 155.4 billion reais ($30 billion), or 1.8% of gross domestic product, according to the Economy Ministry’s latest bi-monthly revenue and expenditure report on Thursday.
By Jamie McGeever via Yahoo Finance
In July, Brazilian airlines registered the third consecutive month of growth in the national air network, with an average of 1,624 daily departures, or the equivalent of 67.7% of the flight offer at the beginning of March 2020, in face of the severe impacts of the pandemic in the sector.
The growth compared to the 1,230 daily departures in June is of 16.4 percentage points. The data were collected by the Asociación Brasileña de Aerolíneas (ABEAR), with data from the National Civil Aviation Agency (ANAC), and published in our partner media in Brazil, Aeroin.net.
By Edgardo Gimenez Mazó via Aviacionline
Brazilian telecommunications company Algar Telecom, a telecommunications and technology company belonging to the Algar Group, has just launched Controle de Ponto, an electronic timesheet digitalization solution, developed in partnership with Tangerino, a company specializing in workday management technology.
The solution was created for micro and small companies (MPE), a segment that lacks automation of the journey management, and has data stored in the cloud and an intuitive and agile interface.
By Shailaja Pai via Developing Telecoms
For the first time in eight months, the rate of Covid cases in Brazil is decelerating. The country was in a flat or accelerated stage since November last year, but this situation has reversed with the advance of vaccination.
The conclusion comes from Folha‘s Covid acceleration monitor. The platform measures the variation of newly infected people in the last 30 days, based on a statistical model developed by USP researchers Renato Vicente and Rodrigo Veiga.
By Kiratiana Freelon via Folha de S. Paulo
Brazilian startups attracted record levels of investment as the ecosystem matures with international funds rushing to seize opportunities in the Latin American country, according to research.
During the first six months of 2021, a total of $5.2 billion was invested in startups based in Brazil, according to numbers released by open innovation network Distrito. By comparison, the total invested in the whole of 2020 – which was considered to be the best year on record for the ecosystem until recently – reached $3.5 billion.
By Angelica Mari via Forbes
SAO PAULO, July 19 (Reuters) – Brazil’s Agrogalaxy Participacoes launched an initial public offering (IPO) on Monday aiming to raise roughly 385 million reais ($75.27 million), a securities filing from the agricultural supplies retailer showed.
The company set its price range at between 13.75 reais and 16.50 reais. The final price will be set on July 22.
By Carolina Mandl via Yahoo Finance
We are very pleased to announce that Chambers & Partners, one of the international legal market’s most relevant institutions, has featured Mattos Filho in its Chambers Brazil 2021 rankings.
In the Industries & Sectors chapter we are ranked across the highest number of categories (12) with the highest number of recognized professionals (26) among all Brazilian law firms.
July 19 (Renewables Now) – The Brazilian unit of oil and gas major Royal Dutch Shell Plc (AMS:RDSA) has partnered up with local steel producer Gerdau SA (BVMF:GGBR4) to develop a 190-MW direct current (DC) solar project in Minas Gerais state.
The companies have signed an agreement establishing the guidelines for the implementation of a 50/50 joint venture (JV) in relation to the project.
By Lucas Morais via Renewables Now
Brazil will list the first ether exchange-traded fund in Latin America.
The ETF is called QETH11 and will trade on the B3 stock exchange in Sao Paulo, said QR Capital, a blockchain investment firm and the holding company of QR Asset Management which will administer the fund.
By Carla Moose via Business Insider
Despite President Jair Bolsonaro’s attacks on immunization against Covid-19, support for vaccines against the disease continues to grow in Brazil and reached a record level, 94% of the population, according to Datafolha research.
Datafolha surveyed 2,074 people aged 16 and over in 146 cities across the country on July 7th and 8th. The margin of error is plus or minus two percentage points.
By Angela Pinho via Folha de S. Paulo
Carta do CEO
O ano de 2020, tão atípico e difícil, reforçou a importância de sermos um escritório fundamentado em uma cultura e em valores sólidos. Acreditamos que esse foi um elemento fundamental para enfrentar o momento e possibilitou uma aproximação ainda maior de nossas pessoas e dos nossos clientes, ajudando a garantir a sustentabilidade do nosso negócio.
Em 48 anos, nunca havíamos vivenciado uma crise tão inesperada e desafiadora. A pandemia exigiu de nós uma reavaliação de antigos hábitos como forma de nos ajustarmos à nova realidade, direcionando também nossos esforços para continuar gerando impacto positivo para a sociedade.
Compartilhamos nas próximas páginas deste relatório as ações realizadas pela nossa área de Responsabilidade Social Corporativa (RSC) para que 2020 fosse transformador para muitas pessoas, sendo um dos destaques do ano, o compromisso do escritório com o Pacto Global. Por meio dele, reforçamos nosso apoio contínuo à organização e iniciamos formalmente nosso
compromisso com a iniciativa e seus princípios.
Esperamos que todos os cenários sigam melhorando de agora em diante e que possamos dar continuidade à nossa trajetória com muita saúde, diversidade, ética e orgulho.
Tito Andrade
Sócio-Administrador
Brazil is projected to retain its position as the largest soybean producer over the next decade. In the 2020/21 season, Brazil produced a record of 4,994 million bushels of soybeans, up 8.9% from last season’s record crop of 4,587 million bushels, according to data from the National Supply Company (Conab). The area harvested this season is also at a record of 95.16 million acres, up 4.2% from last season. The growth Brazilian acres are expected to be continue higher than the United States and Argentina, two of the other major producers of soybeans. In addition, recent advances in logistics, such as on the railroad called the North-South, should create opportunities to improve competitiveness in the transportation sector.
By Joana Colussi and Gary Schnitkey via Farmaco Daily
SAO PAULO (Reuters) – Brazilian pharmaceutical company Hypera SA has acquired 12 over-the-counter (OTC) and prescription brands in Latin America from France’s Sanofi SA for $190.3 million, the company said in a securties filing.
By Paula Later via Reuters
July 13 (Renewables Now) – Brazilian utility company Neoenergia SA (BVMF:NEOE3) has started the commercial operation of a 500-kV transmission line in Brazil that will enable the evacuation of electricity from a 69.3-MW portion of the 471-MW Chafariz wind complex.
With 20 wind turbines, the 69.3-MW portion is currently in its testing phase, Neoenergia announced on Monday.
By Lucas Morais via Renewables Now
Flash, a startup that has developed a flexible benefits platform for Brazilian companies and employees, has raised $22 million in a Series B round of funding led by Tiger Global Management.
Monashees (which led Flash’s Series A), Global Founders Capital (who backed Flash’s seed round), Citius and Kauffman Fellows also participated in the financing.
By Mary Ann Azevedo via TechCrunch
July 12 (Renewables Now) – The Brazilian government officials and representatives from Spanish PV sector player Solatio Energia on Friday inaugurated a solar power complex that will add 810 MWp once fully up and running.
Solatio, a company with more than a decade-long presence in Brazil, is installing the BRL-3-billion (USD 570.3m/EUR 480.6m) three solar-farm project in the state of Pernambuco.
By Lucas Morais via Renewables Now
he Argentina-Brazil FOB soybean meal basis spread widened to a record as weakening export demand and a shallow Parana River put pressure on Argentina’s premiums for nearby loadings.
The spread reached $20/st July 6-7, with the basis for August loading in Argentina’s Up River cargo market assessed at parity July 6 and at plus $1/st July 7 to the correspondent Chicago Board of Trade contract. In Brazil’s Paranagua paper market, the basis for the same month was assessed at plus $20/st July 6 and plus $21/st July 7, S&P Global Platts data showed.
By Jose Roberto Gomes via S&P Global Platts
French renewable energy company Qair has signed an initial deal to build an offshore wind farm to support green hydrogen production in the northern Brazilian state of Ceará, the state government has announced.
Under the memorandum of understanding (MoU) signed this week with state governor Camilo Santana, the company’s Brazilian subsidiary would build the 1,216MW Dragao do Mar wind development on the state’s continental shelf. Electricity from the turbines would supply an electrolysis plant with the capacity to produce 296,000 tonnes a year of green hydrogen to be located at the Pecém Port Complex in Ceará.
By Tom Azzopardi via Wind Power Monthly
BRASILIA, July 7 (Reuters) – Brazilian Economy Minister Paulo Guedes said on Wednesday that Brazil should grow between 5% and 5.5% in 2021, as the economy is recovering from the worst of the COVID-19 pandemic faster than anticipated.
By Ricardo Brito via Reuters
BRASILIA, July 7 (Reuters) – Brazilian health regulator Anvisa on Wednesday gave the go-ahead for the Butanvac COVID-19 vaccine developed by Sao Paulo’s Butantan Institute biomedical center to be used on volunteers in clinical trials.
Anvisa in a statement said the vaccine will be applied in two doses, 28 days apart. Phase I of Butanvac’s clinical trial will involve 400 volunteers, and the first two phases are expected to involve 6,000 volunteers in total.
By Jamie McGeever via Reuters
SAO PAULO–Brazil retail sales rose in May, the second consecutive month of growth, as the gradual easing of social distancing measures in many parts of the country allowed consumers to get out and spend more.
Sales increased a seasonally adjusted 1.4% in the month and rose 16% from a year earlier, the Brazilian Institute of Geography and Statistics, or IBGE said Wednesday. In April, sales climbed a revised 4.9% in the month and jumped a revised 23.7% from a year earlier.
By Jeffrey T. Lewis via Market Watch
The anhydrous ethanol spot premium over hydrous in Brazil’s Center-South traded at 13%, S&P Global Platts’ assessment showed July 6, down from the 14% average anhydrous premium in term contracts for the Center-South 2021-22 crop.
Platts considered hydrous and anhydrous free of taxes to calculate the spot premium.
By Nicolle Monteiro de Castro via S&P Platts
As discussions over gender and racial inequality in the technology sector gather pace in Brazil, a group of entrepreneurs is working to address these issues by training black women in careers in user experience (UX) and connecting them with employers.
UX Para Minas Pretas (UXMP), which in Portuguese translates to “UX For Black Girls” was created by Karen Santos in 2019. The São Paulo-based company aims to provide technical and professional training to black women, as well as the community support required to develop a career in the field of UX, which focuses on how a user interacts with and experiences an product, system or service online.
By Angelica Mari via Forbes
After raising US$ 200 million from Softbank Latin America Fund, Brazilian cryptocurrency exchange Mercado Bitcoin became the country’s latest unicorn, the name given to technology companies worth more than US$ 1 billion.
Mattos Filho’s performance has been highlighted in two of the international legal market’s most renowned publications this week.
In IJGlobal 2020, we featured in the highest number of recognized cases among all Brazilian law firms in the Mining Latin America, LNG-to-power Latin America and Water Latin America categories. IJGlobal 2020 recognizes the most relevant and complex project financing transactions carried out in the Americas.
Meanwhile, the IFLR 1000 – which classifies firms with outstanding performance in corporate and financial transactions – ranked Mattos Filho as a Tier 1 firm in the Capital Markets Equity, Capital Markets Debt and Investment Funds categories.
Such recognition reinforces the success of our collaborative and multidisciplinary work model, always aiming to offer clients strategic and innovative solutions.
Mercado Bitcoin, a Latin American digital assets exchange, has raised $200 million in Series B funding from the SoftBank Latin America Fund.
The round values 2TM Group, Mercado Bitcoin’s non-operating parent company, at $2.1 billion, ranking it among the top 10 unicorns in Latin America.
By Mary Ann Azevedo via TechCrunch
SAO PAULO, June 30 (Reuters) – Digital currency issuance in the future will be centralized but custody of these assets may not be, Brazil’s central bank chief Roberto Campos Neto said on Wednesday, adding that a Brazilian digital currency will not be interest-bearing.
By Tatiana Bautzer and José de Castro via Reuters
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. COVID-19 will have at Par impact on the express delivery market in brazil. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
The express delivery market in Brazil in the air freight & logistics industry is expected to grow by USD 1.49 billion, progressing at a CAGR of almost 4% during 2021-2025, as per the new report from Technavio. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
By Jesse Maida via Yahoo Finance
Latin America’s largest oil producer Brazil is one of the worst affected countries globally by the COVID-19 pandemic. According to the World Health Organization, Brazil is the third ranked country by volume of cases and second by deaths. There were fears earlier this year that the rapid spread of the virus would derail Brazil’s offshore oil boom, particularly with a surge in cases among energy sector workers. By March 2021 petroleum and natural gas production was in decline with total hydrocarbon output falling by nearly 3% year over year to an average of 3.6 million barrels of oil equivalent per day. Such was the severity of the pandemic and sharp increase in cases Brazil’s hydrocarbon production was expected to fall further. Nevertheless, by April operations began to recover and the country’s economically critical oil output was rising.
By Matthew Smith via Yahoo Finance
US crafts marketplace Etsy announced today (28) that it has signed a definitive agreement to acquire its Brazilian equivalent Elo7 as part of an international expansion plan.
June 28 (Renewables Now) – Brazilian solar equipment company Renovigi Energia Solar will build a factory in Ceara state for the production of photovoltaic (PV) systems, the local government announced on Friday.
Under a memorandum of understanding (MoU) signed by governor Camilo Santana, the company will invest BRL 12.4 million (USD 2.5m/EUR 2.1m) to construct the production facility in the Pecem Industrial and Port Complex. The site will also accommodate a distribution centre.
By Lucas Morais via Renewables Now
Swisscom (SCMN.S) plans to switch to the cloud platform of Amazon Web Services (AWS) (AMZN.O) for a range of applications which power its enterprise resource planning, operational support system, and analytics and contact center.
The Swiss telecom operator and AWS said in a joint statement they will also look to migrate Swisscom’s 5G network built on current infrastructure to a new, standalone 5G network powered by AWS’s cloud platform.
Reporting by Clara-Laeila Laudette and Supantha Mukherjee. Editing by Sonya Hepinstall via Reuters.
RIO DE JANEIRO, June 22 (Reuters) – The board of Brazilian travel company CVC Operadora e Agencia de Viagens SA has approved an offering of up to 480 million reais ($95.8 million) in new shares, the firm said on Tuesday.
In a securities filing, CVC said the company would offer a minimum of roughly 20.1 million shares and a maximum of roughly 25.1 million shares, at a price of 19.12 reais per share.
By Gram Slattery via Yahoo Finance
The lower house of the Brazilian Congress passed legislation on Monday paving the way for the selling off of the state’s majority shares in South America’s largest energy company Eletrobras.
With the sale of its 61% stake in the utility giant, formally known as Centrais Eletricas Brasileiras SA, the Brazilian government is hoping to raise around 25 billion reais ($5 billion, €4.2 billion).
Via DW
RIO DE JANEIRO, June 21 (Xinhua) — Brazil hopes to expand its fresh fruit exports to China by adding several of its leading products, Brazilian Agriculture Minister Tereza Cristina said on Monday.
In an interview with the foreign press, Cristina said Brazil is the third-largest fruit producer in the world, but a low-ranked exporter. The country only export melon to China.
Via Xinhua News
Brazil is certainly a country of great interest. For many, it’s a beautiful holiday destination. But for millions of natives, it’s a difficult place to exist. Because of its diversity, many photographers have made photos of Brazil. Some show its glory, while others show its reality. In this piece, we look back at the work we’ve featured that explores the truth of the largest country in Latin America.
By Dan Ginn via Yahoo Finance
June 21 (Renewables Now) – Brazilian telecom Claro SA announced last week it has connected to the grid the largest distributed generation (DG) biogas plant in the country, able to produce up to 4.65 average megawatts (MWa).
By Lucas Morais via Renewables Now
In 2014, the state of São Paulo, Brazil’s most populous region and one of Latin America’s most heavily urbanized areas, experienced a historic drought for more than two years.
“We had to take short showers,” said Christopher Wells, Banco Santander SA’s global head of environmental and social risk. “It makes you think about life in a very different way.”
By David Feliba via S&P Global Market Intelligence
SAO PAULO (Reuters) – Brazil’s government published a new regulation on Thursday to align rules for genetically modified (GMO) crops with global standards, a move the agriculture lobby says will make it easier to import more GMO soy and corn from the United States.
Under the new rules, published by Brazilian biosecurity regulator CTNBio in the official government gazette, crops with different genetic modifications can be transported in the same ship, provided each modification is already approved, industry group CropLife said.
By Roberto Samora via Reuters
A new submarine cable linking Brazil and Portugal has gone live as part of efforts around improving connectivity in the South American country.
The undersea link is 6.200km long, connects the Brazilian city of Fortaleza to Sines in Portugal, and allows data traffic at a speed of 100 Tbps, with 60 milliseconds.
By Angelica Mari via ZD Net
June 17 (Renewables Now) – Danish wind turbine maker Vestas Wind Systems A/S (CPH:VWS) has received a 348-MW order for an unspecified project in Brazil.
The name of the project and its owner were kept under wraps upon the customer’s request, Vestas said in a press release on Wednesday.
By Lucas Morais via Renewables Now
SÃO PAULO, Jun 16, 2021–(BUSINESS WIRE)–The Project Embarque + Seguro 100% Digital Boarding System, using the Brazilian government’s facial recognition, arrives this Tuesday (June 15) at the Congonhas Airport (SP). For the first time in the world, passengers on the air shuttle service between the capitals of São Paulo and Rio de Janeiro will participate in the simultaneous testing of this end-to-end technology without the need to present neither a boarding pass nor an identification document. The Project of the Ministry of Infrastructure, developed in partnership with Serpro and the Special Secretariat of Debureaucratization, Management and Digital Government of the Ministry of Economy, has already been tested at the airports of Florianópolis (SC), Salvador (BA), Santos Dumont (RJ) and Belo Horizonte (Confins).
Via Yahoo Finance
A decade ago, the segment still had just over 1.5 GW of installed capacity and today it is the second largest, only behind hydroelectric generation.
Wind generation in Brazil reached the mark of 19 GW of installed capacity, which represents 10% of the national electricity matrix. According to data presented by the Brazilian Wind Energy Association (Abeeólica), there are 726 wind farms and more than 8,500 wind turbines in operation. A decade ago, the segment still had just over 1.5 GW of capacity and today it is the second largest, only behind hydroelectric generation.
Via EVWind
SAO PAULO, June 15 (Reuters) – Funds managed by Advent International are investing $430 million in the Brazilian payments company Ebanx, financing its growth in Latin America ahead of an initial public offering planned for the coming months, Ebanx Chief Executive said on Tuesday.
CEO and co-founder Joao Del Valle said the company plans to use the proceeds from acquisitions to further expand operations in countries such as Mexico, Colombia and Argentina. Advent is also buying a stake from Ebanx’s existing investors.
By Carolina Mandl via Yahoo Finance
Brazil’s gross domestic product (GDP) is expected to grow by an average of 3pc/yr from 2027-2031, according to public energy planning company EPE.
Per capita GDP will reach $20,600 in 2031, according to estimates published by EPE. This estimate is used by the Brazilian government for planning in the energy and power sectors.
By Flávia Pierry via Argus Media
June 14 (Renewables Now) – Brazilian energy company Rio Alto Energias Renovaveis SA will implement a 1,625-MW solar power complex in Paraiba state, governor Joao Azevedo announced on Friday.
Named Santa Luzia, the solar project will consist of 28 farms with an individual capacity of 58 MWp. Rio Alto estimates it will initially invest some BRL 4.1 billion (USD 801.5m/EUR 662m) in the scheme.
By Lucas Morais via Renewables Now
There may not be a simple secret to improving public schools but, if there is a formula, then the Brazilian city of Sobral might lay claim to it.
Located in the historically poorer north-east of the country, the municipality of 210,000 residents once had middling learning outcomes. An assessment of third-grade students (aged eight) there two decades ago found that two out of five could not read a simple word.
By Michael Pooler via Financial Times
June 11 (Renewables Now) – Brazil’s Ministry of Science, Technology and Innovation (MCTI) will carry out a technical study that will measure the wind power potential of the coast between the states of Amapa and Rio Grande do Norte.
The announcement was made on Wednesday after a meeting between the MCTI minister, Marcos Pontes, and senator Davi Alcolumbre. In all, the government will invest BRL 5 million (USD 984,000/EUR 808,000) to conduct the study.
By Lucas Morais via Renewables Now
The Brazilian government will conduct its first power capacity auction in December, seeking companies willing to build generation capacity to begin serving demand in 2026.
The market is meant to handle the challenges of integrating intermittent power sources like wind and solar into the grid. But critics of the auction say its costs will be unfairly borne by consumers, and concerns are mounting that the plan will not add capacity soon enough to handle tightening supply in the short term.
By Flávia Pierry via Argus Media
Brazil’s health regulator Anvisa on Wednesday authorized Phase 1 and 2 clinical tests to be carried out on volunteers for the Butanvac vaccine developed by Sao Paulo’s Butantan Institute biomedical center.
The tests for the two-shot vaccine were initially authorized for 400 volunteers, but will later involve an expected total of 6,000 volunteers aged 18 and over, Anvisa said.
Via Reuters
Copa Airlines has the largest network in Latin America, reaching more international destinations than any carrier. Panama City is centrally located to connect flights to South America, Central America and the Caribbean.
They take pride in providing all of their passengers with world-class service, the best on-time performance in the region, and access to the most destinations through the Hub of the Americas. They are also proud of their ongoing efforts to ensure that they have a positive impact on society and the environment. That’s why their social responsibility strategy focuses on enhancing the growth and well-being of their employees, supporting improvements in the communities they serve, and protecting the environment.
Brazilian digital bank Nubank has announced today (8) that it has received a $500 million investment from Warren Buffett’s investment fund Berkshire Hathaway.
Berkshire Hathaway’s investment is an extension of the fintech’s $400 million Series G round announced in January. Buffett’s company also has StoneCo, a Brazil-based digital payments firm, among its tech investments in the region.
By Angelica Mari via Forbes
Brazil will receive a first batch of 3 million doses of the single-shot Johnson & Johnson (JNJ.N) vaccine against COVID-19 in the next few days, Health Minister Marcelo Queiroga said on Thursday.
Queiroga said export of the vaccines, developed by J&J’s Janssen subsidiary, from the United States still requires authorization by the U.S. Food and Drug Administration.
Via Reuters
Brazil’s economy grew by 1.2% in the first quarter, data showed on Tuesday, faster than economists had expected, as rebounding services and investments took Latin America’s largest economy back to is size at the end of 2019, before the pandemic hit.
It was the third consecutive quarter of growth. While the rebound has slowed, underlying figures suggest strong foundations for a continued recovery, prompting upward revisions to full-year forecasts and a surge in Brazil’s currency.
By Jamie Mcgeever via Reuters
Brazilian energy company Raizen, a joint venture between Royal Dutch Shell Plc (RDSa.L) and local group Cosan SA (CSAN3.SA), has agreed to acquire Shell’s lubricant businesses in Brazil, including a blending plant and a terminal in the state of Rio de Janeiro.
Via Reuters
Serrana (CNN)Hope has returned to the small city of Serrana, Brazil, after researchers vaccinated almost its entire adult population in a city-wide medical experiment this spring.
Brazilian health regulator Anvisa on Friday gave the green light for states to import the Russian COVID-19 vaccine Sputnik V, but with conditions attached.
Anvisa’s board voted 4-1 to grant the conditional approval after more than seven hours of deliberation, following the recommendation of its technical staff earlier in the day.
By Jamie McGeever and Lisandra Paraguassu via Reuters
Brazil’s communications Minister Fabio Faria said on Wednesday the government expects the spectrum auction for 5G networks to happen next month.
The minister does not expect the analysis of the auction rules by Brazil’s audit court TCU to delay the auction, saying the government has responded to all the court’s questions.
Faria said he expects all state capitals in the country to have 5G Stand Alone working by July next year. Telecom operators will have to comply with all the requirements of the auction by 2028. The auction mandates companies to deliver 4G internet networks to all Brazilian cities and fiber networks in Brazil’s northern region.
By Lisandra Paraguassu via Reuters.
Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region.
Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.
By Mary Ann Azevedo via TechCrunch
Brazilian pulpmaker Klabin (KLBN4.SA) has committed to reducing greenhouse gas emissions per tonne of pulp paper and packaging produced by 25% by 2025 and by 49% by 2035, a securities filing showed on Thursday.
Via Reuters
SAO PAULO, May 26 (Reuters) – AliExpress, the global e-commerce platform of Chinese giant Alibaba Group Holding Ltd , aims to increase its Brazil sales by offering “live commerce,” financial services and registering local sellers in its marketplace, its Brazilian head told Reuters on Wednesday.
With Brazil sales growth of around 130% in 2020, the shopping portal wants to use these initiatives to deepen its links with customers in Brazil, which has become one of the five largest AliExpress markets in sales in the world, Yan Di said.
By Aluisio Alves via Yahoo Finance
The year 2020 was the best ever for Brazilian pig sector in terms of production, international trade and domestic consumption.
That became clear in a report that was recently published by the Brazilian Animal Protein Association (ABPA); the figures are summed up in Table 1.
By Daniel Azevedo via Pig Progress
Brazil’s Petrobras (PETR4.SA) said on Monday in a securities filing that it will invest $300 million through 2025 to improve the efficiency of its refineries, an initiative the company is calling RefTOP.
Via Reuters
Brazilian airline Gol Linhas Aereas (GOLL4.SA) said there was an improvement in domestic ticket sales in May, driven by advances in Brazil’s COVID-19 vaccination program.
“The rise in ticket sales in May, combined with other initiatives, are paving the way for significant improvements in this recovery phase,” Gol said on Wednesday in a securities filing.
By Reuters
Brazil’s central bank has launched the general guidelines for the digitization of its currency, the real.
The announcement on the intentions to create a Central Bank Digital Currency (CBDC) made today (24) is part of the central bank’s agenda for the modernization of the Brazilian payments industry, which included the launch of instant payments last November and the ongoing implementation of open banking.
By Angelica Mari via ZD Net
Mining conglomerate Vale is set to begin construction of 766MW photovoltaic project in Brazil later this year and has chosen Nextracker to supply smart solar trackers for it.
The Sol de Cerrado solar project in Minas Gerais, will be one of the largest in the country when operational in 2022.
Via ReNews.Biz
A consortium of Canada’s Enbridge (ENB.TO), Belgium’s Fluxys (FLUX.BR) and U.S. private equity firm EIG Global Energy Partners has submitted a non-binding offer for Brazil’s largest natural gas import pipeline, three people with knowledge of the matter told Reuters this week.
Petroleo Brasileiro SA (PETR4.SA), as Brazil’s state-run oil company is formally known, put its stakes in the 2,593-kilometer (1,611-mile) TBG pipeline, which imports gas from Bolivia, and the far southern TSB pipeline up for sale in December. Non-binding offers were due by late April.
By Carolina Mandl, Sabrina Valle and Gram Slattery via Reuters
O crédito ao consumo no Brasil é diferenciado pelo envolvimento direto e a participação das empresas varejistas na sua concessão, tornando o País um benchmarking global nesse aspecto.
Na Via, antiga Via Varejo, que opera Casas Bahia e Ponto, ex-Ponto Frio, são 95 milhões de crediaristas na base. Na Riachuelo, são mais de 32 milhões possuidores de seu cartão de crédito, bandeira própria, que respondem por perto de 42% de sua venda total. Carrefour, Pão de Açúcar, C&A, Pernambucanas, Renner, Marisa e Americanas, para citar apenas algumas, também têm alta representatividade em suas vendas dos clientes de seu crédito, tradicional ou via cartão com bandeira própria em seus negócios.
By Marcos Gouvêa de Souza via Mercado & Consumo
SAO PAULO (Reuters) -Brazilian financial social media platform TradersClub is seeking a 3 billion real ($565.65 million) valuation in its initial public offering, two sources with knowledge of the matter said.
The company filed late on Wednesday for an IPO to raise around 700 million reais to fund expansion and potential acquisitions, the people added, asking for anonymity to disclose private discussions.
By Tatiana Bautzer via Yahoo Finance
Brazil is determined that Mercosur’s Common External Tariff, TEC, be reduced by 20% in two rounds of unilateral cuts, 10% immediately, and the other 10% in December. This is the official strategy and position of Brazil for the extraordinary meeting in June of the four founding members of the group, in Buenos Aires, underlined Lucas Ferraz, foreign trade secretary of the Brazilian Ministry of the economy.
According to Mercosur rules all decisions must be adopted by consensus, which means that the TEC has become a contentious issue between the two main partners Brazil, and Argentina, which is reluctant to advance so fast or take such bold steps.
Via Merco Press
May 19 (Renewables Now) – Brazil’s power sector regulator Aneel approved on Tuesday the price ceilings for the power generation auctions scheduled for June 25, 2021.
Dubbed A-3 and A-4, the tenders will contract power from wind, solar, hydro and biomass-based thermal plants. The highest maximum bidding price is set at BRL 292 (USD 55.5/EUR 45.4) per MWh.
By Lucas Morais via Renewables Now
Since he first took office in 2019, Brazil’s president, Jair Bolsonaro, has prioritized transforming the country’s logistics network for transporting domestic goods. Historically highway-centric, the shipping of goods around the country by truck is a major source of congestion and carbon dioxide pollution. In the next few weeks, the Brazilian Congress looks set to approve a bill that will encourage the transportation of goods by sea. But the bill has environmentalists, and even some government employees, alarmed as it does little to address the potential impacts on marine ecosystems that would result from a sharp increase in shipping.
By Eduardo Campos Lima via Hakai Magazine
The rising prices of raw materials, such as soybeans and iron ore, will likely benefit Brazil for at least the next two years. Although it is too early to predict the size of this new cycle, the perception of analysts interviewed by Folha is that it will be less intense than the commodity boom of the 2000s.
Commodity prices using the CRB (Commodity Research Bureau) index rose by almost 70% in one year. In the same period, metallic commodities tripled in price in the international market, mainly in iron ore (+ 150%), and agricultural products have already emerged from a longer appreciation, mainly from soy.
By Douglas Gavras via Folha de S. Paulo
The full enforcement of WhatsApp’s new privacy policy has been delayed in Brazil as local authorities investigate the data privacy implications to users of the app’s new rules.
The decision follows a series of discussions between the owner of the messaging app Facebook and Brazil’s National Data Protection Authority (ANPD), national consumer body Senacon, the Federal Prosecution Service and competition watchdog Cade. Under the agreement, WhatsApp users will still be able to utilize the service and all its features for three months before agreeing to the new policy.
By Angelica Maria via ZD Net
Brazil is on track to sell the largest volume of soybeans to the United States since 2014, according to shipping data from maritime agent Cargonave, as the nation helps Americans fill a momentary supply gap. Increased shipments to the United States show that tight supplies and high prices are forcing soybean users like oilseed crushers and meat producers to change their suppliers to keep operations running. A total of 208,000 tonnes of Brazil soybeans have been shipped to the United States or will set sail soon, according to shipping data and a source.
By Ana Mano via Hellenic Shipping News
In December 2020 the Brazilian Ministry of Mines and Energy issued the Brazilian National Energy Plan 2050 (“2050 Energy Plan”), outlining the directives for the long-term strategy for the Brazilian energy sector. The 2050 Energy Plan dedicated a chapter to hydrogen, listing it as a disruptive technology, capable of significantly changing the energy market.
The 2050 Energy Plan highlights that hydrogen may help solving energy challenges such as reduction of carbon emissions in hard-to-decarbonize sectors, storage of renewables, safety in the energy supply due to the flexibility in hydrogen production (multiple sources) and diversity in its use cases (direct or converted into electricity). The 2050 Energy Plan also listed fuel cells as a potential key technology for the decarbonisation of the transportation sector in Brazil going forward.
By Danielle Gomes de A. Valois via Lexology
Brazil’s Senate on Thursday approved a bill that would forbid drug makers from raising prices in 2021, as the country battles the world’s second-deadliest pandemic after the United States.
Via Reuters
Join our member’s, Greenspoon Marder, at their Innovation Week, bringing together top companies and thought leaders across industry lines. With a focus on changes, challenges and opportunities businesses are facing across the globe, hear from those who are innovating and evolving and leave with ideas for your own new course of success.
Brazilian public and private sector actors have announced the launch of a 240 million reais ($45 million) venture capital fund focused on early stage investments in companies active in the Internet of Things (IoT) and connectivity space.
Managed by Indicator Capital, the fund was created by the Brazilian Development Fund (BNDES) and Qualcomm Ventures following a tendering process in 2019 to find a company to structure and run the vehicle. The fund will support up to 30 startups in Series A rounds over the next 10 years and it expects to close 7 deals in 2021.
By Angelica Mari via ZD Net
Oracle on Wednesday announced that its second Brazilian cloud region is live in Vinhedo, a city in the state of Sao Paolo. With this launch, Oracle’s Gen2 Cloud will be available in 30 locations. The tech giant is on track to have a total of 38 cloud regions up and running by the end of this year.
The new region makes Oracle the only cloud provider with two regions in Brazil. Oracle has had a presence in Brazil since last year, when it launched its first Sao Paulo region.
By Stephanie Condon via ZD Net
Brazil’s arabica harvest kicked off symbolically this weekend with volunteers picking through one of the world’s largest urban coffee farms at Sao Paulo’s Instituto Biológico, a hub of agricultural research in the middle of the metropolis.
In the shadow of the institute’s towering art-deco headquarters, the group worked its way through neat rows of 2,000 trees, marveling at the pastoral scene just a stone’s throw from the city’s central Ibirapuera Park.
By Amanda Perobelli via Reuters
BRASILIA (Reuters) – Brazil’s Health Ministry on Tuesday announced it had signed a deal for Pfizer to deliver an additional 100 million doses of its COVID-19 vaccine, doubling the number of shots from the company.
The additional shots will be delivered between September and December, the Health Ministry said in a statement.
By Ricardo Brito via 790 KFGO
No primeiro dia do evento o tema será voltado à mentalidade empreendedora e quais as atitudes ideais para manter as portas abertas do seu negócio e atrair mais clientes, considerando os pilares: missão, visão e propósito.
No segundo dia do evento o tema será sobre como reconstruir seu negócio e fazê-lo prosperar em meio à crise, conquistando a confiança do cliente e se organizando financeiramente.
#SeminarioEmpreendorismoFeminino #debatesvirtuais #mulheresbrasileiras
#GrupoMulheresdoBrasilNY #GrupoMulheresdoBrasil #ConsuladoBrasileirodeNY #empreendedorismofeminino #webinar
Transmissão: Canal do YouTube Grupo Mulheres do Brasil
For all the criticism Brazil has endured over its stewardship of the Amazon, it can still boast of its climate credentials in the field of clean energy.
Hydropower has long provided most of the country’s electricity, thanks to the construction of large-scale dams and reservoirs, in particular under the ruling military dictatorship of the 1960s.
By Michael Pooler via Financial Times
In an attempt to reduce reinjections of natural gas back into wells at production sites, the Brazilian government has created new rules to facilitate the development of gas-fired power plants, with the start of dispatch set for 2026.
Natural gas reinjection takes place when producers inject gas back into the well in order to increase the flow of crude oil from the well, or else sequester gas that cannot be exported. The practice is common among oil producers in Brazil, as the country does not have sufficient natural gas transportation or processing capacity available, as well as little demand for gas-fired power.
By Flávia Pierry via Argus Media
The Brazilian airline Azul Linhas Aereas ended the first quarter with 109% of its domestic capacity than its pre-pandemic levels. While Azul still posted a net loss of US$509 million, the airline seems to be on track for a recovery, surpassing its domestic peers, GOL and LATAM Brazil. But, how has Azul achieved this bounceback? Let’s investigate further.
Azul is a point-to-point airline. It doesn’t have a true hub, like GOL or LATAM. These last two airlines mainly fly from Sao Paulo’s Guarulhos International Airport, the gateway of Brazil. Meanwhile, Azul flies out of everywhere.
By Daniel Martínez Garbuno via Simple Flying
Brazil’s real surged on Thursday to close at its highest in almost four months against the dollar, a day after the central bank struck a hawkish tone in its statement that accompanied a second aggressive hike in borrowing costs.
A clutch of major global banks published notes revising their outlook on Brazil’s benchmark Selic rate, which they say is now likely to rise more quickly or more aggressively.
By Jamie McGeever via Reuters
Read full article here
BRASILIA, April 29 (Reuters) – A broad measure of Brazilian consumer and business default ratios held steady in March at a multi-year low of 2.9%, while bank lending spreads narrowed to 22.5 percentage points from 22.9 points in February, the central bank said on Thursday.
By Jamie McGeever via Nasdaq
Brazil’s National Petroleum Agency approved April 29 a proposal to shift biodiesel trading from the country’s current public auction model to a hybrid model, starting January 2022.
After more than 30 meetings with the participants in Brazil’s biodiesel market, the agency, the ANP, announced the parameters established for the hybrid trading mode, which would replace the auction model in place since 2008 when Brazil started to blend diesel fuel with biodiesel, resulting in a 2% biodiesel mix.
By Nicolle Monteiro de Castro via S&P Global Platts
April 29 (Renewables Now) – EDF Renewables, a unit of French utility EDF (EPA:EDF), will be building a 242-MW wind farm in Brazil’s Paraiba, the state’s government announced this week.
Under a newly-signed protocol of intent, the European company will invest around BRL 1 billion (USD 187m/EUR 154m) in the development of the Serra do Serido wind farm in the towns of Junco de Serido and Santa Luzia.
By Lucas Morais
Production began on the first of an expected 18 million doses by mid-July, though Brazil’s Health Regulatory Agency (Anvisa) is yet to authorise the vaccine
Positive Ventures, a São Paulo-based venture firm, has secured $10 million for its latest fund.
Positive Ventures has raised the capital from an impressive list of LPs, including investor Luis Stuhlberger, founding partner of Verde Asset Management and Teresa and Cândido Bracher, who was the chairman of Itaú-Unibanco, Brazil’s largest bank.
Mary Ann Azevedo via Tech Crunch
The NIE rule applies for any F-1 or M-1 visa holder if their academic program begins August 1 2021 or later. Those applicants who are found to be otherwise qualified for an F-1 or M-1 visa will automatically be considered for an NIE to travel.
This news, announced April 26 by the state department, will be welcome, but more needs to be done say senior stakeholders, particularly regarding the reported problems (in China especially) accessing appointments to seek a US visa. NAFSA is calling for in-person interviews to cease to be mandatory to help resume processing at pace.
Via The Pie News
The Brasil Investment Forum 2021 (BIF) is an international event about attracting foreign investments to Brazil, organized by Apex-Brasil, the Interamerican Development Bank (IDB) and the Brazilian Federal Government, which will be held online on May 31 and June 1st, 2021.
Known as the largest event for foreign investment in Latin America, BIF will bring together federal, state and local government authorities and executives from large companies from Brazil and the world, as well as representatives from academia, the press and opinion makers.
In this edition the Forum will highlight investment opportunities in strategic sectors such as agribusiness, energy, infrastructure, innovation, health and technology, among others. This will be a unique opportunity to discuss improvements in the country’s business environment.
This year BIF will be held online. The event will feature high-level panel discussions with government representatives and CEOs from leading multinationals, a presentation room for public and private projects in Brazil that are seeking foreign direct investment and the opportunity for networking with representatives of state governments and participants.
Rio de Janeiro — Brazil boosted biodiesel production year on year in March after Latin America’s biggest country increased its biodiesel-diesel blend March 1, but high raw-materials prices remain a challenge to additional growth in 2021, according to data released April 26 by the National Petroleum Agency, or ANP.
Brazil produced 639.9