Fictor is an investment holding company specializing in Business Management. Our commitment is to enhance the value of companies by identifying opportunities and risks, adopting strategic approaches, and strategically deploying capital to foster sustainable business development.
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In Brazil hiring digital influencers by companies may create personalized connection between the brand and its customers, but also presents legal challenges, including potential reputational risks to the business.
We highlight 4 points of attention that need to be observed considering this new type hiring in Brazil:
1. Exclusivity. Fixing some exclusivity is essential. Not only in relation to other brands, but also types of company, products or services, ensuring that there will be no harm to the contracting party due to being indirectly related to products that are not only competitors, but that have a business with principles and public contrary to theirs.
2. Disclosure Format. The influencer needs to have a clear understanding of how the brand should be used and promoted on their social networks, thus preventing exposure from being less than what was contracted and also from being related to an event or subject that is not of interest to the contracting company. Here it is also possible to define prior obligations for approval of the agenda and content of what will be posted.
3. Reputational Damage. Establishing limits is one of the most sensitive points for these contracts, with the influencer being clearly held responsible for cases in which their conduct, whether directly or indirectly linked to the publication, affects the company’s reputation.
4. Possibility of Termination with Just Cause. Thinking about ways out in cases where there is a characterization of some type of improper conduct by the influencer is extremely important, mitigating risks of reputational damage, including express provision on losses and damages to be paid by the influencer.
A contract with objective rules not only clearly defines the expectations, responsibilities and benefits for the relationship, but also legally protects Brazilian an foreign companies in the event of any unforeseen circumstances, ensuring the success of the partnership by promoting a more transparent, efficient and professional collaboration and, also, strengthening the company’s reputation in the market and demonstrating its commitment to responsible and impactful marketing strategies and partnerships for its target audience.
By Fernanda Ferla via Feijó Lopes Advogados
The BrazilSnow‘s goal is to seek charitable contributions from corporations and private donors to support the training of elite Brazilian winter athletes so they may have the opportunity to compete in the Olympics and Paralympics.
Learn more at BrazilSnow
A Prosus NV, dona do iFood, anunciou um acordo para adquirir a Just Eat Takeaway.com NV por 4,1 bilhões de euros (US$ 4,3 bilhões), consolidando sua presença no setor de entrega de alimentos na Europa.
A transação será realizada totalmente em dinheiro, com uma oferta de 20,30 euros por ação, representando um prêmio de 49% sobre a média ponderada pelo volume de três meses da empresa. A notícia impulsionou as ações da Just Eat Takeaway.com, que subiram 56%, enquanto as da Prosus recuaram 8,2%.
A compra da Just Eat Takeaway.com faz parte da estratégia do CEO da Prosus, Fabricio Bloisi, de ampliar o portfólio global da empresa e acelerar seu crescimento no setor de delivery. A Prosus já investe em diversas plataformas do segmento, incluindo:
Segundo Bloisi, em comunicado à imprensa, a Prosus dispõe de US$ 18 bilhões em caixa, com potencial para investir até US$ 11 bilhões em novas aquisições. No momento, porém, o foco será concluir essa transação e acelerar o crescimento.
“Acreditamos que, ao unir nossa expertise tecnológica com a força da Just Eat Takeaway.com na Europa, podemos criar mais valor para clientes, motoristas e parceiros”, afirmou Bloisi.
A Prosus planeja impulsionar a Just Eat Takeaway.com aplicando inteligência artificial para aprimorar a experiência do usuário, otimizar a logística e melhorar o suporte a restaurantes e motoristas.
A experiência de Bloisi no iFood, onde utilizou IA para personalizar recomendações e automatizar processos, servirá como referência para transformar a Just Eat Takeaway.com.
“A implementação de IA no iFood revolucionou a operação e fez dele a marca de delivery mais popular do Brasil. Acreditamos que há grandes oportunidades para aplicar essa tecnologia na Just Eat Takeaway.com e melhorar o serviço para clientes e motoristas”, destacou Bloisi.
O CEO da Just Eat Takeaway.com, Jitse Groen, afirmou que o apoio da Prosus permitirá expandir para novas áreas, como entrega de mantimentos e fintechs.
Via exame.com
LSEG is one of the world’s leading providers of financial markets infrastructure and delivers financial data, analytics, news and index products to more than 40,000 customers in over 170 countries.
We help organisations fund innovation, manage risk and create jobs by partnering with customers at every point in the trade lifecycle: from informing their pre-trade decisions and executing trades to raising capital, clearing and optimisation.
Backed by more than three centuries of experience, innovative technologies and a team of 25,000 people in over 60 countries, we are driving financial stability, empowering economies and enabling you to grow sustainably.
Learn more at LSEG
For the seventh consecutive year, Mattos Filho leads Brazilian firms for recognitions in Band 1 categories (14) and professionals (10 – eight Band 1 and two Individual Stars) in Chambers and Partners’ Chambers Global 2025 guide. In total, the firm was recognized in 21 categories, with 58 professionals recognized.
Mattos Filho was also the most awarded firm at The Legal 500 Brazil Awards. The firm itself received seven awards, with highlights including ‘Innovative Firm of the Year’, ‘Corporate and M&A (High-end) Firm of the Year’ and ‘Labor Firm of the Year’. We were also recognized in four other categories for professionals – ‘Banking Lawyer of the Year’, ‘Corporate and M&A (High-end) Lawyer of the Year’, ‘Oil and Gas Lawyer of the Year’ and ‘Projects and Infrastructure Next Generation Partner of the Year’.
The LatinFinance 2024 Deal of the Year Awards also highlighted our performance in two deals: General Atlantic/Dragoneer’s USD 1.5bn acquisition of Arco Platform (‘Private Equity Deal of the Year’) and Sabesp’s USD 2.7bn privatization follow-on (‘Equity Follow-On of the Year’).
These achievements serve to reinforce the firm’s commitment to working closely with clients as a strategic partner, providing innovative, specialized solutions to their legal challenges. We would also like to congratulate our professionals for their outstanding performance and thank our clients for their continued trust.
Via Mattos Filho
Latham & Watkins LLP is pleased to announce that 19 counsel have been elected to the partnership, effective March 1. The counsel promotions follow the previously announced election of 24 associates to the partnership, effective January 1, 2025.
“We are thrilled to congratulate our newest partners, whose impressive experience, industry expertise, and legal skills exemplify our commitment to client service, excellence, and teamwork. I am proud of their accomplishments, and their leadership and dedication strengthen our firm, helping us build on our success,” said Rich Trobman, Chair and Managing Partner of Latham & Watkins.
Santiago Bejarano (New York) is a member of the International Arbitration Practice, Latin America Practice, and Litigation & Trial Department. He represents clients in complex international commercial and investor-state arbitrations worldwide, under both civil and common law legal systems. He earned his LLM from New York University in 2014 and his LLB from Universidad del Rosario in 2011.
Marcela Ruenes (New York) is a member of the Banking Practice, Latin America Practice, and Finance Department. She represents financial institutions, alternative financing providers, corporate borrowers and private equity funds on complex US and cross-border finance transactions, including private credit and syndicated debt transactions. She earned her LLM at Columbia Law School in 2013 and her Degree in Law at Universidad Iberoamericana in 2009.
Latham & Watkins delivers innovative solutions to complex legal and business challenges around the world. From a global platform, our lawyers advise clients on market-shaping transactions, high-stakes litigation and trials, and sophisticated regulatory matters. Latham is one of the world’s largest providers of pro bono services, steadfastly supports initiatives designed to advance diversity within the firm and the legal profession, and is committed to exploring and promoting environmental sustainability.
Click here to see the full list of elected partners
Via Latham & Watkins
CHICAGO, Feb 18 (Reuters) – A discussion about global soybean exports cannot proceed without mention of Brazil or the United States, because together they fuel 85% of total shipments each year.
Likewise, “China” and “imports” are often synonymous in global soybean trade because the country accounts for more than 60% of annual imports.
But what about the other customers? Who takes in the other 40% of soy cargoes, and how have these trends changed in recent years, especially with respect to each supplier?
But for U.S. exporters, the pre-trade war levels were never restored, and U.S. soy shipments to China over the last three calendar years have fallen 12% from the 2015-2017 average. China increased its imports by 13% during that time.
Also during this time, Brazil expanded its soy exports to China by 51%, less than the 61% rise in the country’s total shipments. By comparison, U.S. soy exports to all destinations declined 2% in the same period as the focus on domestic demand increased.
On average over the last three years, about 72% of Brazil’s soy exports headed to China, compared with 76% between 2015-2017. This huge dependence on a single customer is perhaps the biggest vulnerability of Brazil’s export program.
About 53% of U.S. soy exports were destined for China over the last three calendar years compared with a three-year, pre-trade-war average of 59%.
Total Brazilian soy exports are nearly 80% larger by volume than their U.S. counterparts, but both countries over the last three years exported similar volumes to destinations other than China and the EU. This relatively greater diversity among the United States’ customers might be its only present advantage over Brazil’s booming business.
The future of U.S. soy exports could become less worrisome if domestic demand were to escalate in a manner implied by the aggressive biofuel mandates floated a few years ago.
But those plans, much like the tariff discussions, are in a holding pattern for now. This means that if the upcoming U.S. soy crop is not sufficiently large, next season’s shipments could be squeezed further.
Karen Braun is a market analyst for Reuters. Views expressed above are her own.
By Karen Braun via Reuters
Vella Pugliese Buosi e Guidoni Advogados is the most global and innovative law firm in Brazil. A full-service law firm associated with the largest law firm in the world and with infrastructure and team, capable of offering integrated legal solutions, in all areas of business law, anywhere in the world, in a personalized and innovative way.
Learn more at Vella Pugliese Buosi Guidoni – Home
The business is a leading provider of architectural paints in Brazil and had sales of approximately $525 million for the year ended December 31, 2024. The business develops, manufactures and sells a comprehensive portfolio of innovative products under the well-known Suvinil and Glasu! brand names to professional painters, designers, architects, general contractors and consumers across the country. The company employs approximately 1,000 employees and operates two production facilities strategically located in the Northeast and Southeast regions of Brazil.
“Suvinil is a premier provider of architectural paints in Brazil and will accelerate our commitment to provide industry-leading solutions for our customers while delivering profitable above-market growth in the region,” said Heidi G. Petz, Sherwin-Williams Chair, President and Chief Executive Officer. “For more than 60 years, Suvinil has been synonymous with innovation and quality. The business is highly complementary to Sherwin-Williams in Latin America, as the Suvinil brand is well-known and highly-trusted by purchasing influencers and specifiers across the value chain. We are excited to capitalize on the strengths of both companies to further enhance value for customers. Upon the close of the transaction, we are confident that Sherwin-Williams growth mindset and continuous improvement disciplines will enable us to achieve meaningful sales acceleration and cost synergies which we expect will expand Suvinil’s EBITDA margin, excluding one-time integration expenses. We have tremendous respect for the expertise and dedication of the Suvinil team, and we are excited about the opportunities that this combination will provide to customers and employees.”
Sherwin-Williams intends to finance the transaction through a combination of cash on hand, liquidity available under existing facilities and new debt. The purchase price represents a low teens EBITDA multiple following anticipated post transaction synergies net of one-time costs. The transaction is expected to close during the second half of 2025 and is subject to customary closing conditions, including Brazilian regulatory approval. Upon close, Suvinil will become part of the Sherwin-Williams Consumer Brands Group with a joint focus on a seamless experience for customers and opportunities for employees.
ABOUT THE SHERWIN-WILLIAMS COMPANY
Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paint, coatings and related products to professional, industrial, commercial, and retail customers. The Company manufactures products under well-known brands such as Sherwin-Williams®, Valspar®, HGTV HOME® by Sherwin-Williams, Dutch Boy®, Krylon®, Minwax®, Thompson’s® WaterSeal®, Cabot® and many more. With global headquarters in Cleveland, Ohio, Sherwin-Williams® branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and branches, while the Company’s other brands are sold through leading mass merchandisers, home centers, independent paint dealers, hardware stores, automotive retailers, and industrial distributors. The Sherwin-Williams Performance Coatings Group supplies a broad range of highly-engineered solutions for the construction, industrial, packaging and transportation markets in more than 120 countries around the world. Sherwin-Williams shares are traded on the New York Stock Exchange (symbol: SHW). For more information, visit www.sherwin.com.
Via PR Newswire
Bocayuva Law Firm is a dynamic and forward-thinking firm with a deep respect for tradition. While honoring its roots, the firm continuously seeks innovation. Its approach is structured to serve clients across multiple areas of law in a coordinated and integrated manner. Dedicated to creating opportunities and fostering growth, Bocayuva Law Firm strives to assemble the best team of professionals who, in turn, communicate its core values to society.
The firm prioritizes the use of cutting-edge resources to address the unique needs of its clients, adopting a technical and multidisciplinary approach whenever necessary. Its goal is to offer customized, personalized, and agile solutions. More than just a team of lawyers, Bocayuva Law Firm is building an institution—one that is continuously strengthened and innovated. Committed to developing internal policies that set a standard for culture and relationships, the firm specializes in corporate law, higher courts, social security law, labor law, civil law, and compliance.
Learn more at Bocayuva Advogados
Join us for a breathtaking evening as internationally renowned jazz singer Stacey Kent and Brazilian music legend Danilo Caymmi pay tribute to the incomparable Tom Jobim!
Celebrate the 30th anniversary of Jobim’s legacy with an unforgettable Benefit Concert at The Town Hall in New York City on Saturday, April 12, 2025, at 7 PM. Let the timeless melodies of Garota de Ipanema, Águas de Março, and Desafinado transport you to the heart of Brazilian music.
This special event is part of The Art of Brazil, a cultural series presented by Instituto Dara to combat poverty through art and philanthropy. By merging Brazilian culture with social impact, Instituto Dara continues its mission of empowering vulnerable families with sustainable solutions. Don’t miss the opportunity to be part of this transformative evening!
*Brazilian Chamber Members receive 10% off when purchasing with the code. Reach out to us – contact@brazilcham.com.
Tickets are on sale now on Ticketmaster!
About Instituto Dara
Instituto Dara is a highly regarded civil society organization in Brazil that is steadfast in its mission to eradicate poverty and empower vulnerable families. The organization operates with a pioneering and holistic approach to social transformation, tailoring its efforts to address the multifaceted nature of poverty. By restructuring the lives of families from public schools, public hospitals, and Social Assistance Reference Centers (CRAS), Instituto Dara has become a beacon of hope for countless individuals and communities.
Recognizing that poverty is a multidimensional issue, Instituto Dara believes that social transformation can only be achieved when all aspects of human development are addressed simultaneously and cohesively. This philosophy led to the development of its innovative Family Action Plan (PAF). This methodology is a personalized and adaptive strategy that meets the unique needs of each family. The PAF focuses on a range of interconnected areas such as health, education, housing, citizenship, and income generation. By implementing this methodology, Instituto Dara equips families with the tools and resources necessary to achieve self-sustenance and break free from the cycle of poverty.
For more than three decades, Instituto Dara has demonstrated remarkable success in its endeavors, transforming the lives of over 100,000 people. By focusing on the holistic development of individuals and families, the organization has fostered sustainable social change, enabling its beneficiaries to regain dignity, autonomy, and a sense of purpose. Instituto Dara’s impact has not only improved the lives of the families it serves but has also strengthened the communities in which these families live, creating a ripple effect of progress and equity.
In addition to its groundbreaking work in poverty alleviation, Instituto Dara is launching an exciting initiative titled The Art of Brazil. This cultural series serves as a dynamic platform that merges art, culture, and philanthropy. Designed to celebrate the Institute’s legacy and inspire action, the series seeks to create new opportunities to combat poverty while showcasing the richness of Brazil’s cultural heritage. This initiative is perfectly aligned with Instituto Dara’s mission to promote health, well-being, and social equity for vulnerable communities.
Learn more about the event by clicking here.
The company was also named Best Bank in several Corporate Banking, Cash Management and Capital Markets categories in the 2025 Crisil Coalition Greenwich Awards.
Commenting on the Digital Transformation Benchmarking Study, Tom Durkin, Global Product Head of CashPro in Global Payments Solutions at Bank of America said, “These top rankings reflect our single-minded focus on working to deliver the best possible experience for our clients – whether that’s enabling them to do more on their mobile device, enhancing connectivity through our network of TMS and ERP providers, or providing them with leading insights from their own data. We continue to innovate and strive to exceed our clients’ expectations.”
Crisil Coalition Greenwich is a leading provider of strategic benchmarking, analytics and data intelligence to the financial services and investment industries. They specialize in providing unique, high-value and actionable information to help banks make better business decisions.
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).
Read the full article and the highlights of Bank of America’s rankings
Via Bank of America
O Brasil vai processar mais soja do que o esperado neste ano, com impulso de uma maior exportação de farelo e óleo de soja, apontou nesta quarta-feira (12) levantamento mensal da Abiove (Associação Brasileira das Indústrias de Óleos Vegetais).
O processamento de soja no país foi previsto em 57,5 milhões de toneladas em 2025, 400 mil toneladas acima da previsão de janeiro, segundo a associação que reúne tradings e processadoras.
A entidade ainda manteve a estimativa de colheita de soja do país neste ano em recorde de 171,7 milhões de toneladas.
Já a exportação brasileira de farelo de soja foi prevista em 23,6 milhões de toneladas neste ano, acima das 22,9 milhões de toneladas previstas em janeiro.
A exportação de óleo de soja do Brasil foi estimada em 1,1 milhão de toneladas, leve alta na comparação com a previsão de janeiro (1,05 milhão).
A Abiove, por outro lado, manteve a estimativa de exportação de soja em grão em um recorde de 106,1 milhões de toneladas.
A safra, que está sendo colhida, deverá ter um crescimento de 11,86% na comparação com a temporada anterior, atingida por problemas climáticos, segundo dados da associação.
Já a exportação do grão aumentaria mais de 7%. O processamento, por sua vez, cresceria 3,8%, de acordo com dados da Abiove.
Com um maior processamento e previsão de safra estável, a Abiove reduziu a projeção de estoques finais de soja do Brasil em 2025 para 8,96 milhões de toneladas, 800 mil toneladas abaixo da projeção de janeiro, levando também em conta um ajuste nos estoques iniciais deste ano.
Via Forbes Brasil
The Firm announces the following Practice and Office leadership changes, effective January 1, 2025:
Artur Badra—Chair of Latin America Practice
Artur Badra, based in Jones Day’s São Paulo Office, brings over 20 years of experience in coordinating corporate legal strategies for global clients across Latin America, as well as Latin American companies in their global businesses. In his new role as Chair of the Firm’s Latin America Practice, he will work closely with Luis Riesgo, Partner-in-Charge of the region, to strengthen the Firm’s integrated approach to the increasingly complex, multijurisdictional challenges faced by clients operating in the region.
Fluent in English, Spanish, and Portuguese, Mr. Badra was born and raised in São Paulo. He earned his LLM from Instituto de Empresa in Madrid after studying at Holy Cross College in Brazil. Mr. Badra joined Jones Day in Madrid in 2007 and moved to São Paulo in 2011 to assist with the opening of the Firm’s office there. He regularly leads the Latin American aspects of global M&A transactions, coordinating teams across multiple offices and collaborating with local counsel. He also advises major Latin American companies on their international operations.
Via Legal Desire
O Brasil pretende propor na cúpula climática COP30 que os países incluam a diversidade de raça e gênero como um critério internacional para classificar investimentos sustentáveis, disse uma autoridade do Ministério da Fazenda à Reuters, argumentando que a harmonização global desses padrões é viável, apesar de possíveis ventos políticos contrários.
Em entrevista, a subsecretária de Desenvolvimento Econômico Sustentável da Fazenda, Cristina Reis, disse que a estratégia de transformação ecológica do Brasil não muda em nada com o retorno à presidência dos Estados Unidos de Donald Trump — um crítico de políticas de diversidade e defensor de ações de desenvolvimento que colocam de lado a pauta de proteção ambiental.
“Esse alinhamento internacional… sofre derrotas locais, no tempo e no espaço, mas tem um direcionamento comum que eu acho que continua porque a gente tem um problema objetivo que compromete a vida, que é a mudança climática”, disse.
Enquanto se prepara para sediar a COP30 em Belém, em novembro, o governo brasileiro coleta subsídios em uma consulta pública aberta até março para desenvolver sua taxonomia nacional, um sistema para classificar setores, projetos e ativos sustentáveis com a finalidade de mobilizar investimentos.
Após lançar em 2024 uma plataforma para alavancar investimentos estrangeiros verdes, Reis afirmou que o governo vai implementar neste mês uma nova iniciativa para acelerar a triagem de projetos estratégicos. A plataforma já em funcionamento visa selecionar projetos estruturados em áreas de transformação ecológica e atuar ativamente na busca por investidores internacionais e mecanismos de financiamento. O novo projeto prevê uma parceria entre Fazenda, Comissão Econômica para a América Latina e o Caribe (Cepal) e o chamado Conselhão (Conselho de Desenvolvimento Econômico Social Sustentável) para turbinar a plataforma. Segundo ela, uma equipe foi contratada para se debruçar sobre projetos voltados à transformação ecológica, além de mapear as barreiras para que eles saiam do papel e propor soluções. O projeto vai vigorar por um ano, mas o plano do governo é chegar à COP30 com o material pronto para que um portfólio mais robusto de potenciais investimentos no Brasil seja apresentado aos participantes da cúpula, disse Reis.
Via Forbes Brasil
GMPR Advogados stands as a benchmark for state-of-the-art legal advocacy, delivering comprehensive and forward-thinking legal services. The firm transcends traditional litigation by embracing a holistic approach that integrates preventive and consultative strategies tailored to each client’s unique needs. With a foundation built on efficient management, multidisciplinary expertise, pragmatism, and resilience, GMPR Advogados is committed to delivering exceptional results in a dynamic legal environment.
The firm offers a broad spectrum of expertise across multiple legal domains, including Compliance and Internal Investigations, Administrative Law, Environmental Law, Civil Law, Consumer Law, and Entertainment Law. Their practice extends to highly specialized fields such as Agribusiness Law, Fashion Law, Medical Law, and Corporate Criminal Law. Additionally, GMPR Advogados excels in Tax Law, Labor Law, Real Estate Law, and Corporate Law, providing tailored solutions to complex legal challenges. With a focus on innovation and client-centric services, the firm also supports clients in Judicial Recovery and Administration, ensuring they navigate legal complexities with confidence.
Learn more at www.gmpr.com.br
LUZIA is inspired by the people, places, and stories that define Mexico. Take a journey through a dream of Mexico, from the folklore of old to the urban landscape of today. LUZIA takes you to an imaginary Mexico, like in a waking dream, where light (“luz” in Spanish) quenches the spirt and rain (“lluvia”) soothes the soul. With a surrealistic series of grand visual surprises and breathtaking acrobatic performances, LUZIA cleverly brings to the stage multiple places, faces and sounds of Mexico taken from both tradition and modernity.
Special Offer for Brazilian-American Chamber Audience: Use this link to save up to 20% off select seats/dates. Groups of 10+, save 25% and reduced handling fees, contact Sarah.Hudson@cirquedusoleil.com for details.
General Information:
Cirque du Soleil’s LUZIA
Under the Big Top at Randall’s Island Park
March 5 through April 27, 2025
Renowned Brazilian pianist and conductor João Carlos Martins, celebrated as a leading Bach interpreter of the 20th century, returns to Stern Auditorium/Perelman Stage for his farewell concert at Carnegie Hall on May 9, 2025.
Secure your tickets by clicking here.
Friday, May 9, 2025 7:30 PM
Stern Auditorium / Perelman Stage at Carnegie Hall
Student Discount Tickets Available at the Box Office
For additional information on ticket availability, or assistance with your order, please contact CarnegieCharge at 212-247-7800.
*Photo by Fernando Mucci
Unemployment in Latin America’s largest economy hit 6.2% in the three months through December, statistics agency IBGE said on Friday, up from 6.1% in the previous rolling quarter and above the 6.1% expected in a Reuters poll of economists.
Brazil’s jobless rate has been hovering around historically low levels for the past few quarters, an indicator cheered by the government but that has contributed to the central bank hiking interest rates.
“In our view, the job market will remain heated and Brazil is expected to maintain an unemployment rate close to 6% at the end of this year and the next – a very low level by our historical standards,” C6 Bank economist Claudia Moreno said.
The strong job market with high wages has supported economic growth, fueling the consumption of goods and services, but triggered inflationary concerns as consumer prices remain above the central bank’s 3% target.
On Wednesday, the monetary authority raised interest rates by 100 basis points to 13.25% and kept its guidance for another hike of that size in March, leaving the door open for subsequent moves.
Despite the slightly higher-than-expected jobless rate in the fourth quarter, adding to separate data that on Thursday showed that Brazil created fewer formal jobs than forecast in December, the bank’s stance should not change in the short term.
Reporting Camila Moreira; Writing by Isabel Teles; Editing by Gabriel Araujo and Louise Heavens via Reuters
We are thrilled to share an important milestone in our continuous journey toward excellence. Iris Trade & Iris Naturals Intl have officially obtained the ISO 9001:2015 certification.
This achievement reflects our commitment for the past 23 years to delivering products and services that meet the highest quality standards, ensuring consistent value for our partners.
Thank you for your continued support, and we look forward to reaching even greater heights together!
Learn more at Iris Trade
However, carrying it out without proper organization can generate conflicts, harm cash flow and even jeopardize the fiscal health of the business.
Organizing this process becomes a strategic pillar for sustainable growth and, mainly, for corporate harmony. We highlight 3 essential steps in this process in Brazilian companies, taking into consideration the legal limitations existing in Brazil:
1. Provision in the Articles of Association: the general form of distribution of dividends in a limited liability company in Brazil must be included in the articles of association, especially in cases where there is the possibility of disproportionate distribution of profits, in order to meet the legal requirements for validity.
2. Shareholders’ Agreement: instrument that allows regulating the form of distribution, including establishing conditions, obligations and goals so that profits can be distributed according to each partner’s contribution to the company, and not just reflecting the percentage of participation. Issues such as minimum cash and reserve for investments may also be the subject of the shareholders’ agreement.
3. Periodic Shareholders’ Meeting: essential for the governance of the profit distribution process, as it is not only the appropriate instrument for organizing distribution among the shareholders, based on an assessment of the requirements set out in the shareholders’ agreement, but also the most appropriate tool in Brazil for paying the shareholders the amount distributed, eliminating the possibility of future disputes.
Having a well-defined procedure aligned with corporate governance practices is essential for safe and efficient profit distribution. In addition to ensuring legal compliance, this approach strengthens trust among the shareholders, minimizing the risk of internal disputes.
An organized process reflects the maturity of management, ensuring that decisions are made in a transparent, fair and strategic manner, allowing the distributed profits to drive both the individual development of the shareholders and the continued growth of the company.
By Fernanda Ferla via Feijó Lopes Advogados
| On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on January 5, 2025 at the age of 82, of Robert “Bob” Stebbings, longtime Chamber affiliate and supporter, and former Board member.
Born on February 11, 1942, Mr. Stebbings earned a BA from Stanford University, a JD from Columbia University, and an MBA. He was an accomplished lawyer with expertise in international business and Latin America markets – and was active for decades with both Brazilian clients and international clients with business in Brazil. He applied his extensive knowledge at numerous law firms including Davis Polk & Wardwell LLP; Rogers & Wells LLP (now Clifford Chance LLP), where he served as Chairman of the Latin America Practice Group; and smaller international firms. Among his professional achievements, he helped establish Petrobras’ IPO on the New York Stock Exchange. He also dedicated time to pro bono endeavors, including for the Business Council for International Understanding, where he served as General Counsel and Executive Committee member. Mr. Stebbings was a guest lecturer at Universidad de Buenos Aires, Argentina (1972-74). He authored numerous publications, including on international trade law and trade developments affecting Brazil, as well as financial resources for Brazilian companies. He was a member of the New York State Bar Association, the State Bar of California, the American Bar Association, and the American Foreign Law Association – and spoke English, Spanish, French, and Portuguese. Mr. Stebbings’ dedication to 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. Mr. Stebbings is survived by his son, Matias Stebbings, and his grandsons, Vicente Stebbings and Andrés Stebbings. Chamber members and friends who wish to join a virtual celebration of Robert Stebbings’ life can reach out to David Barnes (barnesconsult@gmail.com), Matias Stebbings (mstebbings@gmail.com), and Donald Nicholson (drntwo@gmail.com). |
