The Chamber is delighted to welcome Corporate member Peter Fernandes & Marihá Viana Advogados Associados to the Legal Programs & Events Committee.

A highly regarded law firm located in Brazil’s capital city, Brasília, Peter Fernandes & Marihá Viana Advogados Associados leverages innovation to achieve successful solutions through legal services, offering expertise in a wide range of practice areas.

Click here to see their website and Instagram.

LONDON, Aug 21 (Reuters) – A Cargill chartered dry bulk ship has launched on its first voyage since being fitted with special sails, aiming to study how harnessing wind power can cut emissions and energy usage in the shipping sector, the U.S. commodities group said on Monday.

The maritime industry – which accounts for nearly 3% of global CO2 emissions and is under pressure from investors and environmental groups to accelerate decarbonisation – is exploring a number of different technologies including ammonia and methanol in an effort to move away from dirtier bunker fuel.

Cargill, one of the world’s biggest ship charterers, has been exploring wind assisted propulsion as one cleaner energy option. Wind was a common way of propelling ships before the switch to steam and diesel engines but is now mostly used only for smaller vessels.

By  via Reuters

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The change in Brazil’s federal government at the beginning of the year brought with it fresh winds and the prospect of formulating a new strategic direction for Petrobras.

After years of being focused on oil exploration and production, the company has turned its attention to activities considered “non-core”, such as refining, natural gas, fertilizers and petrochemicals.

But what is most striking to those who follow the state-run company is its commitment to the issue of energy transition.

After announcing the creation of an executive board focused on this subject, Petrobras announced that it intends to allocate between 6% and 15% of its capex to low-carbon projects between 2024 and 2028.

Under the chairmanship of Jean Paul Prates – who, as a senator, prepared a bill to regulate offshore wind generation in Brazil – the company has begun to step up its efforts to seek partnerships in the renewable sources sector both in and outside the country.

By Bnamericas.

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Wed, Aug 23, 2023 9:00 AM BRT


09:00 – 09:20 – Abertura/Pesquisa Inicial – Kieran McManus
09:20 – 09:45 – Apresentação – Visão Geral IA – Suzan Barreto
09:45 – 10:10 – Apresentação – IA em seguros – Andressa Sivolella
10:10 – 10:30 – IA na SAP – Marcelo Nacif
10:30 – 11:00 – Q&A

Via PwC.

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The Brazil Data Protection Agency (“ANPD”) on August 15, 2023 released a draft of the International Transfer of Personal Data Regulation (“Regulation Draft”) and the standard contractual clauses (“SCCs”) for public comment. Interested parties can submit comments to the provisions of the Regulation between August 15 and September 14, 2023. After the comments period is closed, the ANPD will hold a public hearing to discuss the draft at a date to be determined. Once the Regulation Draft is approved, it will take effect immediately upon publication and companies will have 180 days to incorporate in their existing SCCs agreements the ANPD’s version or implement new agreements with the ANPD SCCs.

By way of background, the ANPD is the agency charged with implementing Brazil’s 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 newly issued Regulation Draft provides that the ANPD will determine which jurisdictions have an adequate level of data protection that will allow the free flow of personal data between Brazil and such countries, but the ANPD will prioritize the review of jurisdictions that provide reciprocal protections. It may take some time before we have a list of countries with data protection levels the ANPD deems adequate. In the interim, multinational countries will have to rely on other possible mechanisms to transfer personal data from Brazil.

According to the Regulation Draft, the ANPD may recognize as an equivalent the SCCs of other countries, upon their review and approval. The review procedure may be started by the ANPD or an interested party, but the ANPD will prioritize the review of those SCCs that can be widely used by processing agents performing international transfers of data in similar circumstances. Foreign SCCs recognized by the ANPD as equivalent will be considered a valid alternative.
The Regulation Draft also provides for the approval process of specific contractual clauses and global corporate rules, but it does not include the expected timeline for the review and approval of such.

A more readily available mechanism will be the ANPD SCCs, and the Regulation Draft includes a SCC Draft template, which companies may eventually choose to use, although there will be some challenges if the SCC Draft remains as-is after the public consultation.

The ANPD opted to create only one module of SCCs and it is in many aspects different from the EU SCCs. One provision that immediately catches one’s attention is that regardless of whether the exporter or importer is named as the responsible party for certain measures (as the Designated Party), the controller will ultimately remain responsible for (i) compliance with the obligations under the law and the agreement, (ii) responding to the ANPD, (iii) guaranteeing the data subject’s rights and (iv) the reparation of damage they may suffer. Moreover, when exporter and importer are processors, the controller, which instructs the processor that exports the personal data to the importer outside Brazil (the “Third-Party Controller”), must co-sign the SCCs and be ultimately responsible for the obligations mentioned above.

By Renata Neeser via Littler.

Learn more (AMZN.O) will launch a credit card offering in Brazil, in a partnership with Brazilian lender Banco Bradesco SA (BBDC4.SA), the bank’s chief executive said on Friday, as the ecommerce giant pushes to expand its fintech offering.

The launch is set for next Tuesday, according to CEO Octavio de Lazari Junior, adding that the bank will manage the card’s credit risk, and the card will be powered by Mastercard (MA.N).

Reporting by Alberto Alerigi Jr., Additional reporting by Isabel Woodford, Writing by Carolina Pulice, Editing by Sandra Maler via Reuters.

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Governança de Empresas em Tempos de Crise (Os desafios e as Estratégias para Destravar Valor de Empresas)

Quarta-feira, 9 de agosto, 2023 9:00 AM BRT


09:00 – 09:20 – Abertura/Pesquisa Inicial – Kieran McManus
09:20 – 10:00 – Apresentação – Valeska Vieira e Lucas Dourado
10:00 – 10:20 – Entrevista – Leonardo Scarioli
10:20 – 10:50 – Entrevista – Tatiana Guerra
10:50 – 11:00 – Q&A





Brazil’s central bank kicked off its rate-cutting cycle more aggressively than expected on Wednesday, reducing its benchmark interest rate by 50 basis points and signaling more of the same in the months ahead due to an improving inflation outlook.

The bank’s rate-setting committee Copom cut its Selic policy rate to 13.25%, as just 10 of 46 economists surveyed by Reuters had anticipated. The rest expected a smaller reduction of 25 basis points.

Brazil’s first rate cut in three years came after policymakers held borrowing costs steady since September 2022, following 1,175 basis points of rate hikes to battle inflation, the world’s most aggressive monetary tightening at the time.

Reporting by Peter Frontini Additional reporting by Marcela Ayres and Carolina Pulice Editing by Brad Haynes and Diane Craft via Reuters

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Members of the firm’s Latin America Practice represented the leading financial entities in a revolving credit facility for BlackRock to acquire, develop, construct, and refinance a portfolio of distributed generation projects that is expected to be the largest in the Chilean market.

Latham advised Natixis and BNP Paribas, as coordinating lead arrangers and lenders, and BNP Paribas, as administrative agent and intercreditor agent, on the transaction, which was structured as a 3-year revolving credit facility. The facility was sized in contemplation of a +400 MW PMGD platform, and was initially used to refinance two previously acquired portfolios of operational assets aggregating 101 MW. The facility is expected to be used to acquire, develop, construct, and refinance other portfolios of both operational and construction projects sponsored by BlackRock.

Via Latham & Watkins

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Utilizing technology for transparency reporting can be a win-win on value and efficiency for any organization

More forward-thinking organizations are taking advantage of innovative technology as transparency requirements continue to grow.

In Part 2 of our “Reimagine Risk and Unlock Opportunities” series, Tiffany Gallagher, Health Industries Risk and Regulatory Leader, PwC US, and Tim Canonico, Principal, Pharmaceutical and Life Sciences, PwC US, analyze the growth of transparency programs and the opportunities that organizations can focus on to succeed.

The goal of global transparency requirements is to encourage the right interactions with Healthcare Professionals and help Pharmaceutical and Life Sciences companies build more trust and transparency in healthcare for society. This landscape is continuing to rapidly evolve as voluntary requirements are being codified into law and other requirements expand to demand more transparency from more organizations.

Via PwC 

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Brazil President Luiz Inacio Lula da Silva on Wednesday said that next week’s summit of Amazon region nations will seek to draw up a common policy for the first time to protect the rainforest.

“I have high expectations for this summit. For the first time we are going to have a common policy for the Amazon, for preservation, security, borders,” Lula said.

The eight countries of the Amazon Cooperation Treaty Organization (ACTO) will meet Aug. 7-8 in the city of Belem at the mouth of the Amazon river.

The summit will focus on forest conservation and security along the borders, Lula said, adding that private businesses will be asked to help with the reforestation of 30 million hectares of degraded land.
Reporting by Lisandra Paraguassu; Editing by Mark Porter and Aurora Ellis via Reuters.

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