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O Banco do Brasil foi considerado o mais sustentável do mundo pela consultoria Corporate Knights, que avalia o desempenho em sustentabilidade corporativa de cerca de 7.000 empresas de capital aberto mundo afora com receitas brutas acima de US$ 1 bilhão. Foi a quinta vez que o BB foi o banco mais bem avaliado entre as 100 empresas mais sustentáveis. Além disso, pela primeira vez, a instituição figurou entre as dez organizações mais bem colocadas, ocupando a sexta posição.

A avaliação da Corporate Knights leva em conta 25 indicadores econômicos, ambientais e sociais, relativos a receitas e investimentos sustentáveis, promoção da descarbonização, diversidade racial e de gênero.

“Este reconhecimento evidencia nossa atuação consistente no tema ASG sigla para boas práticas ambientais, sociais e de governança. Em 2023, reforçamos ainda mais este nosso trabalho, com a criação de uma Unidade Estratégica para conduzir de modo transversal as pautas ambientais, sociais e de governança no banco”, afirma a presidente do BB, Tarciana Medeiros, em nota. “Temos compromissos públicos e com metas concretas em cada uma dessas frentes, atuando de modo voluntário, protagonista e como verdadeiros líderes em sustentabilidade empresarial no Brasil e no mundo.”

Além das metas e estruturas internas voltadas ao tema, o banco tem uma carteira de R$ 338,2 bilhões em créditos com pegada sustentável. São empréstimos e financiamentos para atividades e setores que têm impactos sociais e ambientais positivos, como energias renováveis, eficiência energética, produção sustentável de alimentos e desenvolvimento local e regional.

“Estamos em um momento em que nossas ações e compromissos para um mundo mais sustentável, conectados aos Objetivos de Desenvolvimento Sustentável da ONU, convidam todos os públicos de relacionamento a assumirem responsabilidades diante das mudanças climáticas e seus efeitos na vida das pessoas e comunidades no presente e no futuro”, diz o vice-presidente de Governo e Sustentabilidade Empresarial do banco, José Ricardo Sasseron.

Via Isto é Dinheiro

Leia o artigo na íntegra.

A Lei da igualdade salarial é um novo capítulo para a equidade no ambiente de trabalho. Com novas obrigações, a legislação traz janelas de oportunidades para todas as empresas, tendo a compreensão jurídica de suas implicações e o engajamento de lideranças como pilares fundamentais para a adequação à Lei.

No evento ‘Lei da Igualdade Salarial: desafios, estratégias e possibilidades’, nossa sócia Silvia Figueiredo Araújo Schnitzlein e a associada Andressa Gudde recebem especialistas do mercado para apresentar perspectivas e desafios, propondo caminhos para que as empresas estejam preparadas para lidar com todos os possíveis desdobramentos da Lei 14.611/2023.

O time de debatedores é composto por Flávia Lisboa Porto (Reckitt), Marcela Pietrobom (Medtronic), Fernanda Frezarin Kazakevicius [Ela/Ella/She] (Unilever) e Gianfranco Cinelli (Hidrovias do Brasil).

O evento será presencial em São Paulo, no dia 27 de fevereiro, e contará com transmissão online.

Para inscrições e mais informações, acesse: https://bit.ly/3T3urXR

Novas Perspectivas
Planejamento e execução estratégica (passos críticos)

Com Gerson Charchat (sócio, PwC) e Felipe Bovolon (diretor, PwC)

Adicionar o evento no meu calendário

Wed, Feb 21, 2024 9:00 AM BRT

Programação:

09:00 ~ 09:20 Abertura/Avisos/Pesquisa
09:20 ~ 09:50 Palestrante: Felipe Bovolon (Strategy&)
09:50 ~ 10:20 Palestrante: Mauro Toledo (Strategy&)
10:20 ~ 10:50 Palestrante: Gerson Charchat (Strategy&)
10:50 ~ 11:00 Perguntas e Respostas (Q&A)
11:00 ~ 11:00 Encerramento

Speakers:

 

Clique aqui para se inscrever

Via PwC

Tribute to Dario Vasconcellos Campos
(September 24, 1930 – February 6, 2024)

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on February 6, 2024 at the age of 93, of Dario Campos, former Vice Consul of Brazil in New York and longtime Chamber member and supporter.  Dr. Campos’ longstanding support of Chamber activities and enthusiastic participation in our programs, well into his 90s, denote his high level of dedication and commitment to the Chamber.

After serving as Vice Consul of Brazil in New York, Dr. Campos was appointed Senior Economic Advisor by the Consulate General of Brazil in New York, during which time he worked in liaison with foremost economic policy institutions in the United States.  Following, he served as a consular official and Director of the Cultural Council of the Brazilian Endowment for the Arts.

Dr. Campos’ previous positions include Cultural Attaché to the Brazilian Embassy in Tunis, Tunisia and Delegate Ad Hoc of Brazil to the 7th World Congress of Public Relations in Boston, MA.  Fluent in many languages, Dr. Campos was appointed Examiner of Arabic, German, and Russian during the selection of foreign service officers at Instituto Rio Branco in Brazil.  He also served as Professor & Consultant of Tourism Administration at the Pontifícia Universidade Católica do Rio de Janeiro and Universidade de Brasília.

Dr. Campos graduated in Decision Science from Wharton School at The University of Pennsylvania, in Hotel Management from Cornell University, and in Human Relations & Public Speaking from Dale Carnegie Institute of New York.  He held a Ph.D. in Economics, a Ph.D. in Philosophy & Social Sciences, and four master’s degrees: MBA / MPS in Tourism, MA in Economics, and MA in Philosophy & Social Sciences.

Dr. Campos received many high distinctions from the Brazilian Army, Navy, Air Force, and Ministry of Foreign Affairs – and was the 2014 recipient of the Chamber’s Special Merit Award.  While conducting postdoctoral research in economics, he participated in countless forums and international conferences on economics, tourism, technology, and sustainability.

Dr. Campos is survived by his wife, Marion Asch Campos.  His steadfast commitment and contributions to the Chamber strengthened ties between Brazil and the United States and furthered our mission of promoting trade and investment between the two nations.  His presence, company, and sense of humor will be greatly missed.

Pesquisa sobre as perspectivas de implementação do International Sustainability Standards Board (ISSB)

In 2024, Itaú, Banco do Brasil (BB), and Bradesco are ranked within the world’s 500 most valuable brands.

This report comes from Brand Finance and was presented at the World Economic Forum in Davos, Switzerland, on January 17.

Banco do Brasil stands out, jumping 50 places since 2023. This leap marks it as the fastest-growing Brazilian brand in value.

By Richard Mann via The Rio Times

Read full article.

The Brazilian-American Chamber of Commerce is pleased to announce Paula Vieira de Oliveira as Co-Chairperson of the Legal Programs & Events Committee, serving alongside Co-Chairperson Maurizio Levi-Minzi.  Ms. Vieira is Partner in charge of Mattos Filho’s New York office and a member of the firm’s corporate / M&A practices.  She is skilled in Brazilian and cross-border M&A transactions, private equity, inbound investments, and commercial contracts involving public and private companies in many industries and sectors.  She also advises management bodies and shareholders on corporate regulatory matters.  Ms. Vieira is a graduate of Pontifícia Universidade Católica de São Paulo (PUC-SP) and holds a Master of Laws from the University of Pennsylvania.

At the 2024 Annual Membership Luncheon, to take place in February / March, all new committee chairpersons will be officially announced.  We are privileged to have Ms. Vieira assist in the development of Chamber programs and seminars focusing on key legal issues in Brazil-US business.

As of April 10th, 2024 , passport holders from Australia, Canada and the United States will require an e Visa to enter Brazil. If you have a valid physical visa on your passport for the purpose of your visit, you do not need to apply for a new visa. For special passports you still need an e Visa or physical visa if you are traveling with a diplomatic passport.

Via United Airlines

      

Novas Perspectivas

Fechamento do Exercício 2023

Wed, Jan 10, 2024 9:00 AM BRT

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Palestrante: Christiano Santos (BR)
09:50 – 10:20 Palestrante: Jéssika Vinque (BR)
10:20 – 10:50 Palestrante: Paula Romano (BR)
10:50 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:00 Encerramento

 

Register here

After falling last year, the number of M&A operations in Brazil is expected to recover in 2024.

Consulting firm Kroll registered 1,400 transactions last year, compared to 1,543 in 2022.

“In 2024, we’ll see the return of a record volume of M&A operations, to around 1,600, as we had in 2021. This is because I expect the return of appetite from foreign investors amid a reduction in interest rates in Brazil and due to less political noise,” Alexandre Pierantoni, the head of Kroll’s corporate finance and M&A area, told BNamericas.

President Luiz Inácio Lula da Silva returned to the presidency in January 2023, narrowly defeating Jair Bolsonaro in October 2022. The transition of power led market players to postpone investment decisions until the government’s plans became clearer.

In addition, M&As and the capital market were impacted by a high base rate of 13.75%. The central bank started a reduction cycle only in August as inflation fell, with the benchmark Selic currently at 11.75% and further reductions expected.

“The positive impacts of the Selic reduction will still materialize, especially when we reach a single-digit level, closer to 9%. I believe that from the second half of the year we will see signs of the return of IPOs, which will also help to provide traction to M&A movements,” said Pierantoni.

The financial and technology sectors will remain the most significant ones in terms of transactions, followed by energy and water.

“São Paulo state is expected to complete the privatization of water utility Sabesp this year, which in itself is a major operation. Furthermore, the completion of this operation could attract even more investor interest to companies in the sector, including to companies that are not yet listed,” added Pierantoni.

Recently, Sabesp hired banks to handle part of the privatization, which is envisaged as a share offering planned for this half. The state owns 50.3% and wants to keep 15-30%. The rest of the shares are listed in Brazil and the US.

Sabesp is one of the world’s biggest firms in the sector, providing potable water to 28.7mn people and sewage services to 25.5mn.

Via BNamericas.

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NEWSLETTERS 20 . Dezembro . 2023

O impacto da presença de influenciadores digitais no mercado financeiro, que será analisado pela CVM por meio de consulta pública, é um dos destaques desta edição, na seção Companhias Abertas. As novidades em Ofertas Públicas e Fundos de Investimento incluem o início do processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição; e a divulgação das orientações sobre o preenchimento de informação de cotistas no Banco Central.

Confira o conteúdo desta edição:COMPANHIAS ABERTAS
  • Consulta da CVM analisa impacto da presença de influenciadores digitais no mercado financeiro
  • Nova norma da CVM altera regra envolvendo companhias securitizadoras
OFERTAS PÚBLICA
  • CVM inicia processo de consulta para revisão das normas aplicáveis a ofertas públicas de aquisição
  • CVM promove alterações pontuais nas Resoluções 141 e 151

FUNDOS DE INVESTIMENTO

  • Área técnica da CVM divulga orientação sobre preenchimento de informação de cotistas no Banco Central

Via Veirano Advogados

What you will be reading in this issue:
________________________________________
1. Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024
2. Labor | 5 Actions to Mitigate the Risk of Psychologial Diseases Being Recognized as Occupational Ones

Governance | 5 Key Agenda for Medium and Large Brazilian Companies in 2024

Brazilian companies that we have seen grow, innovate and generate value in different segments of Brazilian economy have in common strategic attention to medium and long-term funding, governance, talent attraction and M&A opportunities.

The factor below apply to companies in all major sectors in Brazil, including agribusiness, technology, manufacturing, finance, energy, and others.

Companies that want to grow in 2024 should consider the following 5 themes in their strategic plans:

  1. Focus on Attracting Structured Financing in Brazilian Reais: The Brazilian capital market for fixed income credit is closer than ever to medium and large companies, but still few are aware of the importance to create relationships with local financial institutions, funds, family offices and other medium and long-term capital financiers.

Even so, agribusiness companies issued more than BRL100 billion in Agribusiness Receivables Certificates (CRA) so far in 2023, acquired by funds, family offices and other investors, to raise medium to long-term resources (5 to 10 years).

Likewise, companies in the real estate sector issued Certificates of Real Estate Receivables (CRI) in high volumes to finance projects and costs of projects already built, with terms of 5 to 10 years.

Commercial Notes and Debentures are also medium and long-term funding options for companies.

  1. Look at Obtaining Foreign Funding From Foreign Banks and Funds: Brazil’s participation is still irrelevant in international trade, with a share of close to 2% of global trade volume.

Even so, agricultural, industrial and technology companies export commodities, value-added products and services that generate receivables in dollars and other hard currencies that can be financed by foreign funding.

There are several foreign financial institutions, trading companies, funds, family offices and investors that finance exports of Brazilian companies, via export prepayment lines, direct loans, draft (international duplicate discount), among others, in a volume that exceeds US$50 billion annually.

Companies should seek these financing channels as another funding alternative, especially in hard currency.

Via Feijó Lopes Advogados

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The companies that will thrive in the face of rapid climate change are those that make adapting to it a top priority, says PwC’s Ashok Varma.

Not long ago, I participated in a PwC climate-action roundtable in Mumbai. One of the attendees, an executive from a hospital group, made an observation that grabbed my attention: the seasonal changes being caused by global warming, he said, were affecting the patterns and frequency of vector-borne diseases. His hospitals were increasingly having capacity issues, with sick patients coming in earlier and later in the year than before, straining hospital resources, from beds to diagnostic facilities.

By Ashok Varma via PwC

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Realizada entre os dias 30 de novembro e 12 de dezembro deste ano, a 28ª edição da Conferência das Partes (COP-28) tem como principal objetivo avaliar e trazer insights quanto ao progresso dos países signatários no que diz respeito ao atingimento das metas do Acordo de Paris.

Neste contexto, alguns dos nossos líderes globais vão marcar presença para discutir meios de alavancar ações significativas para frear a crise climática que estamos enfrentando, discutindo temas como: financiamento e expansão da tecnologia climática, transformação da demanda de energia, adaptação climática para proteger a cadeia de valor e a sociedade, estratégias empresariais positivas para a natureza.

O nosso sócio e líder de Environmental, Social e Governance (ESG), Mauricio Colombari, representará a PwC Brasil na COP 28. Além da presença da nossa liderança, a PwC, por meio do seu Plano Net Zero 2030, está compondo o portfólio de projetos apresentados no evento  pela iniciativa Brasil pelo Meio Ambiente, da Amcham e ICC Brasil.

Para acompanhar as discussões da COP 28, fique de olho nas coberturas jornalísticas do evento e siga a página da PwC Climate.

Via PwC Brasil

 

Novas Perspectivas

Instrumentos Financeiros (a norma mais complexa e mais controversa)

Wed, Dec 13, 2023 9:00 AM BRT

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Apresentação: Bruno Portela (BR)
09:50 – 10:20 Apresentação: Ana Moura (BR)
10:20 – 10:50 Apresentação: Gisele Sterzeck
10:50 – 11:00 Perguntas e Respostas (Q&Q)
11:00 – 11:00 Encerramento

Link de Inscrição

 

Speakers:

Tarciana Medeiros, the first female President of Banco do Brasil, extends an invitation to all as a woman, mother, and global citizen. Join her in watching this video, part of a worldwide campaign by Banco do Brasil, the world’s most sustainable bank. This initiative champions the cause of the Amazon and the sustainability of human rights. These are programs and proposals that envision the future as an investment. The forest calls out, nature beckons us toward balance, profit, life, results, and the future. Brazil is ushering in a new era – the era of sustainable progress.

Via Banco do Brasil

 

Paula Vieira’s strong international experience is set to strengthen the firm’s strategy and relationships with foreign clients seeking to do business in Brazil

Mattos Filho has announced Paula Vieira as the new partner in charge of the firm’s New York office. With a strong background in both Brazilian and cross-border M&A transactions, including private equity, Paula is a member of Mattos Filho’s Corporate/M&A practice and International Committee, where she coordinates the firm’s initiatives for business development outside Brazil.

Mattos Filho’s presence in New York has spanned over a decade, helping bridge the gap between international clients and their interests in the Brazilian market. It has allowed for broader perspectives and ample opportunities to collaborate with companies, investors, and business partners looking to expand their interests in Brazil, as well as to connect Brazilian clients with the right business partners in connection with their outbound investments.

“We are excited about moving into this new phase of our international business strategy, and we wish Paula the utmost success in her new role,” commented Mattos Filho’s managing partner, Roberto Quiroga.

 

 

“The opportunity to lead the New York office and work closely with our clients and business partners in the United States will enable Mattos Filho to strengthen and develop further its international relationships and presence. I am deeply honored to represent Mattos Filho in a broader capacity.”

 

 

 

Paula Vieira

Part of Mattos Filho for 25 years, Paula Vieira has been a partner in the firm’s Corporate/M&A practice since 2010. Beyond her experience in M&A matters (including private equity), Paula is involved in foreign investments in Brazil and public and private commercial contracts across many sectors and industries.

Paula’s strong background in international matters and business development includes her active role on committees at the International Bar Association (IBA), where she is engaged in the Latin American forum as well as in other committees such as the M&A committee. Paula previously also worked as an international associate at the New York office of Simpson Thacher & Bartlett LLP.

With a Master of Laws (LL.M.) from the University of Pennsylvania, Paula has a Bachelor of Laws and a Specialization in Business Law from Pontifícia Universidade Católica de São Paulo (PUC-SP), as well as a Specialization in Finance and Accounting from Fundação Getulio Vargas (FGV).

Via Mattos Filho 

DLA Piper is pleased to welcome Amadeu Ribeiro as a partner in the firm’s cross-border Antitrust and Competition practice, expanding the firm’s already strong presence in New York and Latin America.

Ribeiro advises international clients on complex antitrust matters, including merger review cases, cartel and market dominance investigations and competition related matters in general. He counsels clients across a wide breadth of sectors, including aviation, automotive, food and beverage, pharmaceutical, natural resources and technology.

“DLA Piper is committed to providing the highest quality client support throughout the Americas, offering counsel to domestic and multinational companies with interests and operations throughout the region,” said Richard Chesley, managing partner of the Americas and co-US managing partner. “Amadeu is recognized as a leader in the antitrust space and expands the capabilities of an already robust cross-border team.”

“We are thrilled to welcome Amadeu as an integral part of our global practice of lawyers focused primarily on Latin America,” said Francisco Cerezo, chair of the US-Latin America practice.

DLA Piper in Latin America’s team offers full-service business legal counsel to US and global companies with interests in and operations throughout the region. With over 450 lawyers practicing throughout Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our team works with clients throughout every country in Latin America and help connect Latin America to the world.

The Latin America Practice is led in the US from Miami, with our US based team of multicultural and diverse cross-border practitioners regularly acting as lead counsel on a wide range of matters across sectors in the US and Latin America. These range from complex TAX, IP, capital markets, finance, M&A and public private partnerships to regulatory, compliance, disputes, market entry and establishment issues. The United States, specifically New York and Florida, has deep economic and cultural ties to Latin America. For more information, visit Latin America | DLA Piper.

Via DLA Piper

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Companhia que opera voos entre o Brasil e os Estados Unidos, e líder em investimentos para a produção de combustível de aviação sustentável, foi uma das patrocinadoras de eventos brasileiros voltados à sustentabilidade

A United Airlines, uma das maiores companhias aéreas do mundo, que opera voos entre o Brasil e os Estados Unidos, e líder em investimentos para a produção de combustível de aviação sustentável, foi uma das patrocinadoras de dois eventos brasileiros voltados à sustentabilidade: Brazil Climate Summit, que aconteceu nos dias 13 e 14 de setembro, e SDGs in Brazil, promovido pela rede brasileira do Pacto Global da ONU nos dias 14 e 15 de setembro, ambos em Nova York.

Para Jacqueline Conrado, Country Manager da United Airlines no Brasil, o país é muito importante por ser um celeiro de iniciativas sustentáveis e comprometidas com o meio ambiente. Além disso, o setor de aviação tem que apresentar soluções de viagem mais flexíveis e responsivas à experiência do usuário, revolucionando inclusive a forma de fazer negócio. “Hoje, nós fazemos um trabalho muito mais focado em ouvir e perceber os inputs dos clientes como nunca, que não aparecem relacionados só a preço, mas a experiência de viagem, benefícios e, de forma prioritária, à preocupação com o meio ambiente e diversidade e inclusão”, diz.

Por Luiz Fara Monteiro via R7

Leia o artigo na íntegra

The Icla da Silva Foundation Hope Gala

Inspiring Hope, Saving Lives

Join our friends from the Icla da Silva Foundation at their 2023 Hope Gala. Enjoy an auction, dinner, and dancing at the prestigious University Club of New York on October 2, 2023 at 6:30 pm.

You will network with leaders of industry while raising funds that remove financial barriers for patients whose only cure is a bone marrow transplant.

Click for ticket and sponsor information

A Era da Reinvenção

Mineração 2023 – 20ª Edição

As grandes mineradoras do mundo precisam encontrar uma nova fórmula para o sucesso. A era dos minerais críticos chegou e representa a mudança mais importante que a indústria já viu em décadas. As empresas de mineração não podem mais depender de portfólios e práticas do passado para criar valor nesse novo cenário dinâmico e extremamente competitivo. A era dos minerais críticos deve ser uma era de reinvenção.

As mineradoras precisam lidar com um importante novo player que surgiu no mercado de minerais críticos: o governo. Diante do rápido crescimento da demanda e da concentração da cadeia de suprimentos em níveis preocupantes, os governos formaram alianças, instituíram novas políticas e mobilizaram fundos para garantir o acesso a minerais críticos. Esses movimentos mudarão o negócio de mineração. A entrada de fundos públicos, por exemplo, deve levar as mineradoras a repensar as taxas de retorno que podem esperar da mineração ou dos ativos da cadeia de suprimentos. As mineradoras também precisarão lidar com um risco maior de investir e o aumento da concorrência, uma vez que os governos interferem no cenário com incentivos e intervenções.

Via PwC Brasil

Ler artigo na íntegra.

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.

Wed, Aug 23, 2023 9:00 AM BRT

Programação:

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.

Saiba mais

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.

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Amazon.com (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

Programação:

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

PALESTRANTES:

 

INSCREVA-SE AQUI

 

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 

Learn more

In an ever-evolving digital landscape, the United States Citizenship and Immigration Services (USCIS) has given employers a new option for verifying employment eligibility. On July 21, 2023, the USCIS announced a final rule, effective August 1, 2023, that allows employers to have an alternative procedure (also referred to as “permanent virtual verification”), whereby qualifying employers may inspect employees’ Form I-9 documentation virtually as opposed to performing a physical verification, which was required for all new hires until the COVID-19 exception was created in March 2020.  This innovative approach aims to modernize the process of employment eligibility verification while ensuring compliance with immigration laws.

Since the inception of the Form I-9 in 1986, the process of employment eligibility verification had relied on in-person physical documentation examination. The COVID-19 pandemic brought a temporary option, however, which permitted virtual, remote verification for remote employees. The USCIS previously announced that this option was ending on July 31, 2023. Thus, this new alternative procedure begins the next day, August 1.

This alternative virtual verification procedure is available only to qualified employers. Such employers are:

  • In good standing in the E-Verify program;
  • Enrolled in E-Verify for all hiring sites in the United States, for which they seek to use the alternative procedure;
  • Have complied with all E-Verify requirements, including verifying the employment eligibility of newly hired employees in the United States; and
  • Have completed of an E-Verify tutorial/training concerning fraud awareness and anti-discrimination.

To utilize the alternative virtual verification, qualified employers must:

  • Examine remotely the front and back of their employees’ identity and employment authorization documentation or acceptable receipt to determine that the documentation reasonably appears genuine;
  • Conduct a live interaction with the employee presenting the same documentation discussed above to ensure the documentation reasonably appears to be genuine and relate to the employee;
  • Indicate on Form I-9, by completing the corresponding box, that an alternative procedure was used to examine documentation to complete Section 2 or for reverification, as applicable;
  • Retain clear and legible copies (front and back) of all documents presented by employees; and
  • In the event of Immigration & Customs Enforcement (ICE) I-9 audit or relevant federal government agency investigation, make available clear and legible copies of documentation presented by the employee for document examination in connection with the employment eligibility verification process.

Qualified employers have the choice to use the alternative permanent virtual verification procedure or not. Additionally, qualified employers may opt to use this procedure for remote employees only, and not for employees who work onsite or in hybrid capacity. Employers may not discriminate in this decision-making process.

Cinco mudanças globais que estão redesenhando o mundo em que vivemos

Quase uma década se passou desde que a PwC identificou cinco megatendências, que caracterizamos como profundas e impactantes, de alcance global e efeito de longo prazo. Megatendências capazes de afetar a todos no planeta e reconfigurar nosso mundo por muitos anos. Agora está claro que as megatendências transformaram nosso mundo ainda mais rápido do que prevíamos. Em grande parte, isso se deve à interação entre elas, que turbinou tanto a velocidade quanto a disseminação da mudança.

À medida que foram se desdobrando, as megatendências também evoluíram. O modo como se manifestam hoje mudou em comparação com dez anos atrás.

Reavaliamos as megatendências para entender como elas mudaram, que futuro podem criar em 2030 e quais questões elas apresentarão à humanidade.

Via PwC

Saiba mais

The domestic bank also leads II’s All-Brazil Trading Team.

The firm has been voted No.1 for the fifth year in a row in Institutional Investor’s annual All-Brazil Sales Team. Based on the votes of 367 buy-side money managers at 239 firms with significant holdings in the country, BTG Pactual extended its reign to half a decade — even as the ranking saw a shakeup further down the leaderboard among domestic and global firms alike.

Itau BBA rose from last year’s fourth place to take second, while last year’s runner-up, Bradesco BBI, dropped one spot to third. Credit Suisse improved one spot to take fourth, while JPMorgan Chase — in a steep rise from 2022’s ninth place — rounded out the top five. In line with other II surveys, votes were weighted based on respondents’ commission spending in the region. An additional AUM-weighted leaderboard was also produced which mirrored the commission-based results.

The volatility in this year’s results was reflective of the tumultuous year investors experienced in Brazil, due to an election cycle in late 2022 and depressed market activity.

“Clients were a bit lost at the start of the year, given the change of government and the outlook ahead. People lost a lot of money betting on a more centric-approach government, and the reality was a bit different,” said Thiago Faganello, head of Brazil sales and partner at BTG Pactual. “But things changed recently and quickly, so tons of opportunities showed up and clients are now trying to stock pick the best names for this new cycle.”

By Alexandra DeLuca via Institutional Investor

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UBS Group AG named Sylvia Coutinho Brazil country head and the regional leader for Latin America businesses as the Swiss bank integrates teams from its acquisition of Credit Suisse Group AG.

Marcello Chilov, Credit Suisse’s former chief executive officer in Brazil and head of wealth management for Latin America, will run UBS global wealth management in Latin America, according to an internal memo seen by Bloomberg News. The changes take effect July 17.

Coutinho has been at UBS for more than 10 years, and was UBS’s Brazil country head prior to the merger. She was also head of wealth management for Latin America. In her new role, she will focus on leading integration efforts as well as overseeing regulatory, governance and collaboration between businesses for the region. She will report to Naureen Hassan, president of UBS Americas.

By Cristiane Lucchesi via Yahoo!Finance

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On July 6, 2023, the first sanction imposed by the Brazilian Data Protection Agency (“ANPD”) against a company (controller) in Brazil was published in the official gazette. The ANPD is the agency charged with enforcing Brazil’s General Data Protection Law (“LGPD”).

The publication does not provide the details about the results of the investigation conducted by the ANPD against a company, but the sanctions provide a glimpse of the underlying circumstances.

The sanctions included:

  1. A Warning, without the imposition of corrective measures, for violation of article 41 of the LGPD (appointment of a Data privacy Officer (DPO);
  2. A “Simple Fine” of R$ 7,200 (~$1,480 USD) for violation of article 7 of the LGPD (legal basis for processing personal data);
  3. A Simple Fine of R$7,200 (~$1,480 USD) for violation of article 5 of the Auditing Regulations (obligation of controller/processor to cooperate with the ANPD).

By Renata Neeser via Littler

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Se você tem de 18 a 26 anos e quer maximizar o seu potencial, desenvolvendo habilidades e competências que fazem a diferença hoje e que serão cada vez mais necessárias no futuro, faça parte do nosso Programa Access Your Potential.

O Access Your Potential (AYP), da PwC Brasil, visa maximizar o potencial de jovens em contextos adversos, criando possibilidades de carreira e inclusão produtiva. O objetivo principal é proporcionar o desenvolvimento de competências que fazem a diferença hoje e que serão cada vez mais necessárias no futuro. Para isso, oferecemos cursos de alta qualidade, mentoring para o desenvolvimento de projeto de vida e acesso a oportunidades de carreira. A cada ciclo do programa, conectamos jovens de todo o país com profissionais voluntários da firma.

Via PwC

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A nova temporada de balanços corporativos referentes ao segundo trimestre não deve impulsionar ganhos adicionais no mercado acionário dos Estados Unidos. A avaliação de Michael Wilson, estrategista-chefe para ações e CIO (executivo-chefe de investimentos) do Morgan Stanley (MS) e considerado uma das vozes mais pessimistas de Wall Street, ampliando o consenso em torno dessa percepção já evocada por outros de seus pares.

Segundo o estrategista, desta vez os guidances (projeções) a serem anunciados pelas empresas serão mais importantes do que o normal para o movimento das bolsas, tendo em vista os elevados valuations das ações, as taxas de juros mais altas da liquidez cada vez menor.

“Com o início da temporada de balanços corporativos do segundo trimestre nesta semana, resultados melhores do que o previsto provavelmente não serão mais ‘suficientes’ para disparar novos ganhos em Wall Street”, escreveu em relatório nesta segunda-feira (10).

By Sagarika Jaisinghani via Bloomberg Línea

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Novas Perspectivas

Padrão Mundial – Relatórios de Sustentabilidade

Quarta-feira, 12 de julho às 9h00  (Horário de Brasília)

Programação:

09:00 – 09:20 Abertura/Pesquisa Incial
09:20 – 10:00 Palestrante: Melissa Schleich
10:00 –

10:20 Palestrante: Mauricio Colombari
10:20 – 10:40 Palestrante: José Vital
10:40 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de conhecimento/Encerramento

REGISTER HERE

 

 

 

______________________________________________

AgTech Garage

Quarta-feira, 12 de julho às 15h00 – (Evento presencial)

Dia 1: Moon Hub

Sede Moon Hub by AgTech Garage, Praça do Conhecimento, 459 — Parque Tecnológico de Uberaba — Univerdecidade, em Uberaba/MG.

Palestrante: José Tomé (sócio, PwC)

 

15h — Abertura “Por dentro da Gestão Tripartite”

(AgTech Garage, Ubyfol e Prefeitura de Uberaba)

15h30 — Bem-vindos ao Moon Hub by AgTech Garage

16h10 — Painel “Conhecendo a Comunidade Uberabense”

(Agentes locais e clientes convidados)

17h10 — Tour pelo Moon Hub e Happy Hour

 

REGISTER HERE

 

_______________________________________________

PwC Debate Reforma Tributária: analisar, influenciar e planejar

Quarta-feira, 12 de julho das 17h00 às 18h15 (Horário de Brasília)

 

Palestrantes:
Romero Tavares
Romero Tavares, Sócio de Consultoria Tributária da PwC Brasil
.
.
Cristiano Noronha
Cristiano Noronha, Sócio e vice-presidente da Arko Advice

661 transações anunciadas no Brasil de Janeiro a Junho de 2023, com queda de 11,8% em relação ao mesmo período do ano anterior, quando foram registradas 750 transações. Análises mensais e de LTM (LTM refletindo queda de 5,8%) demonstram curva em recuperação e perspectiva de manutenção do mesmo nível de atividade (1.600 transações) registrado no ano de 2022.

Setor de Tecnologia lidera volume de operações com 17,5% das transações, seguido de Instituições e Serviços Financeiros com 14,8%. Setor de Saúde representou 6,1%, seguido pelos Setores de Produtos de Consumo, Energia e Logística, que representaram, cada um, 4,5% das transações anunciadas. Agronegócios vem aumentando sua relevância, passando de históricos 1,5% para 3,8% das operações anunciadas. Setor de Varejo, enfrentando desafios e que já se destacou em relevância de operações, representou 4,8% das operações.

By

Alexandre Pierantoni
Managing Director
Head of Brazil Corporate Finance
São Paulo
+55 11 3192 8103
+55 11 9 5500 8151
alexandre.pierantoni@kroll.com

And

José Thompson
Director
Corporate Finance
São Paulo
+55 11 3192 8108
jose.thompson@kroll.com

Via Kroll

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Uma abordagem que priorize as habilidades poderia ajudar 100 milhões de pessoas em todo o mundo a se integrar à força de trabalho ou conseguir empregos melhores.

A PwC está colaborando com o Fórum Econômico Mundial para ajudar a impulsionar a transição para mercados de trabalho que priorizem as habilidades.

Esse movimento poderia abrir o mercado de trabalho para 100 milhões de pessoas em todo o mundo, trazendo benefícios não apenas para empresas e indivíduos, mas também para a sociedade em geral e para a economia.

Nosso relatório conjunto, “Habilidades em primeiro lugar: um framework para ação”, apresenta um framework consistente sobre o assunto para CEOs e governos e demonstra como algumas organizações já estão se beneficiando de uma cultura que prioriza as habilidades.

Via PwC

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Initiative consolidates a relationship of almost two decades with the foreign markets. Feijó Lopes Advogados, one of Brazil’s premier law firms is to open a physical unit in New York.

The initiative is part of the expansion plan to expand the existing relationship for over 15 years with the US and the international market, in addition to continuing to provide legal advice to foreigners who want to invest in Brazil, and also Brazilians who want to expand their businesses internationally.

“This expansion reinforces one of our most important ‘non-negotiable principles’, which is to be present in the key international financial and business centers that have relationship with Brazil. With the New York office, we want to be physically closer to our clients, banks, funds, investors and partners, foreign and Brazilian, and global companies that use New York – the main world financial center – as a hub for business”, highlights the managing partner of Feijó Lopes Advogados, Lúcio Feijó Lopes.

“Generating results for our clients is what drives us, whether it be legal assistance in strategic commercial negotiation, venture capital, M&A, fund structuring, debt offerings, tax and labor issues, or conflict resolution. We are faithful to our purpose of being the law firm of choice for our clients to solve their greatest challenges”, concludes Lopes.

The new office should be located at Park Avenue, midtown, New York, an area where the main banks, fund managers and headquarters of global companies and with business in Brazil are located.

Learn more.

Imagine um futuro em que os médicos conduzam ensaios clínicos com pacientes remotos, o atendimento digital seja feito tão facilmente como nas compras on-line e os médicos usem a inteligência artificial para prestar serviços hiperpersonalizados.

De acordo com o nosso estudo Futuro da Saúde, até o fim da década atual, a saúde será ainda mais personalizada, digitizada e apoiada por inteligência artificial, com soluções perfeitamente integradas à vida diária dos pacientes. A questão crítica é: os sistemas de saúde estão fazendo o suficiente para adaptar e transformar sua infraestrutura atual ou correm o risco de se tornarem totalmente obsoletos?

Via PwC

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We are very pleased to reveal our firm’s outstanding performance in the Chambers Brazil rankings, one of the leading guides in the legal sector.

In the Industries & Sectors chapter, we led in the number of recognized practices (16) and professionals (34). In the Regions chapter, five practices and 13 professionals were recognized across our offices in Campinas, Brasília, and Rio de Janeiro.

We would like to thank Chambers for these recognitions, which serve to reinforce our commitment to excellence and our role as a strategic partner for your business.

Learn More

Our member Pellecchia International invites you to an event on June 28th hosted by Columbus Citizens Foundation.

Wednesday, June 28th
6:00PM Reception | 6:30PM Talk
CCF | 8 East 69th Street, New York, NY 10021 | $35

Daniel Runde, Senior Vice President and Director of the Project on Prosperity and Development (PPD), discusses strategic international affairs. Runde shares insights from his Amazon #1 New Release, “The American Imperative – Reclaiming Global Leadership Through Soft Power,” and the path towards building strong alliances of like-minded nations, focusing on non-military strategies to prevent the rise of authoritarian powers.

RSVP TODAY

Our Member, REDD, is proud to announce the release of The REDD Eye – their newest podcast news briefing, released every Monday morning.

The REDD Eye is a 3 min financial news podcast, which summarizes the week’s most important high-yield credit headlines in Latin America, hand-picked by their editors.

Available in EnglishSpanish, and Portuguese. On Spotify, RSS and Apple Podcasts.

Don’t forget to follow them!

Analistas do JPMorgan elevaram a recomendação para as ações da Petrobras (PETR4;PETR3) de “neutra” para “overweight”, citando redução na percepção de risco, bem como dividendos alinhados a pares globais, de acordo com relatório enviado a clientes nesta segunda-feira (12).

Eles também elevaram os preços-alvo dos papéis PN (preferenciais) e ON (ordinários), negociados na B3, de R$ 30,50 para R$ 41; e dos ADRs, recibo de ações negociados nos Estados Unidos, de US$ 11,50 para US$ 15,50.

Na última sexta-feira (9), as preferenciais da Petrobras fecharam a 30,28 reais e as ordinárias, a 33,75 reais. Nos EUA, o ADR das ONs encerrou a 13,76 dólares e o das PNs a 12,44 dólares.

By Reuters via Forbes Brasil

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Generative AI, which is a type of artificial intelligence that can produce or create new content, has already started to impact the workplace in various ways. On the positive side, it can automate repetitive and time-consuming tasks, leading to increased efficiency and productivity. For example, it can assist with data entry, customer service, and content creation. Additionally, it can help businesses to analyze and make sense of large amounts of data, leading to better decision-making.

However, the rise of generative AI also raises concerns about its impact on labor and employment. It is predicted that many jobs that involve routine tasks, such as data entry, customer service, and content creation, could be replaced by AI systems in the future. This means that some workers may need to reskill and transition into new roles to stay relevant in the job market.

By Zoe Argento, ChatGPT, Michael Chichester, Michelle Clark, Tessa Gelbman, Philip L. Gordon, Corinn Jackson, Allan King, Miguel Lopez, Deborah Margolis, Melissa McDonagh, Michael McGuire, Ellie McPike, Marko Mrkonich, Jim Paretti, Niloy Ray, Scott Rechtschaffen, Erin Reid-Eriksen, Kellen Shearin, and Alice Wang via Littler

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Banco com cerca de R$ 100 bilhões aplicados no agro entra em mais uma modalidade de comércio de produtos, um mercado estimado em R$ 185,7 bilhões para 2023

O Bradesco anunciou nesta segunda-feira (5) o lançamento do E-agro, marketplace para operar no setor do agronegócio. A plataforma é destinada à oferta de produtos e serviços financeiros e não financeiros para o produtor rural, clientes e não clientes da instituição financeira.

“O lançamento do E-agro é muito representativo. Crescemos concedendo crédito aos agricultores e temos hoje um universo potencial de mais de dois milhões de produtores rurais no Bradesco, que integram a cadeia do setor brasileiro que mais cresce”, afirma José Ramos Rocha Neto, vice-presidente do Bradesco. Com cerca de R$ 100 bilhões aplicados no setor, o Bradesco é o maior banco privado na concessão de crédito ao agronegócio. Em 2022, o Bradesco teve lucro líquido contábil de R$ 20,73 bilhões e conta com uma base da ordem de 77,1 milhões de clientes.

By Redação via Forbes

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Brazil’s largest private lender Itau Unibanco is in talks with Banco Macro SA to sell its operations in Argentina, the lender said on Tuesday, a move that comes as the neighboring country grapples with a severe economic crisis.

Itau disclosed the “preliminary talks” in a securities filing, touting Macro as “one of the main private banks in Argentina with an extensive network of branches,” but noted that no binding agreement had been reached so far.

Itau’s operations in Argentina are moderately sized in terms of personnel and branches, but its loan portfolio in the country is relatively small when compared with other markets such as Chile and Colombia.

By ia Reuters

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Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its long-held dominance for the foreseeable future.

The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the “BRICS” nations, Brazil, Russia, India, China and South Africa, to challenge the dollar’s hegemony.

JPMorgan strategists Meera Chandan and Octavia Popescu said that while overall dollar usage is within its historical range and the greenback remains at the top of the pack, a closer look shows a more bifurcated picture.

By Marc Jones via Reuters

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U.S. immigration policy and the Biden administration’s response to the ongoing migration crisis have been hot topics in the news. We break down potential considerations for employers as the pandemic-era immigration policy ends and border crossings from individuals without documentation in search of asylum are expected to rise sharply.

On Thursday, May 11, the Biden administration dealt with Title 42 expiration. Title 42 is the name of an emergency health authority that began in March 2020 under the Trump administration. As part of COVID-19 restrictions on asylum seekers in the interest in public health, Title 42 allowed border authorities to send back individuals attempting to cross the U.S.-Mexico border quickly. Because the Biden administration announced in January that it would end the national COVID-19 emergencies, the border restrictions were affected.

The expiration of Title 42 will allow undocumented individuals crossing the border to seek asylum, rather than being turned back. However, the route to seeking asylum is a tenuous and lengthy process that first involves passing a “credible fear screening” by asylum officers to determine whether the individual has a legitimate fear of persecution in their home country. If they meet the screening criteria, their case is introduced into the immigration court system to determine if they can stay in the United States.

By Jorge Lopez and Elizabeth Whiting via Littler

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Esta edição do Programa Nova geração de solvers da PwC tem como objetivo desenvolver talentos e formar profissionais para atuar nas áreas de Auditoria Externa; Consultoria e Auditoria Atuarial; Serviços de Sustentabilidade; Riscos e Controles.

A nova geração de solvers prepara profissionais com domínio do mundo digital, e é ideal para pessoas que buscam desenvolvimento contínuo, conhecimento de variadas indústrias, além de trabalhar em equipes multiculturais em um ambiente de constante inovação.

INSCREVA-SE

Brazilian state-run oil company Petrobras (PETR4.SA) said on Thursday its board of directors had approved a revision of part of its 2023-2028 strategic plan in a bid to increase investments in low-carbon initiatives.

Petroleo Brasileiro SA, as the company is formally known, said in a securities filing that under the new plan it would target 6% to 15% of its total capital expenditure (CAPEX) for low carbon, up from 6% in the 2023-2027 strategic plan.

The move, Petrobras said, is aimed at preparing the company for the energy transition, “reconciling the current focus on oil and gas with the search for diversification of our portfolio in low carbon businesses.”

Via Reuters

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In April 2023, the long-anticipated new and modernized PERM Form 9089 was introduced to the public by the U.S. Department of Labor, Foreign Labor Certification (FLC) unit. The PERM process permits an employer to hire a foreign worker to work permanently in the United States. The FLC unit held two webinars on April 19 and April 20 to provide information on the changes to the form and instructions on how to fill out the new PERM applications. The recordings of these webinars are available on the DOL’s webpage.

Petitioners and their attorneys can start filing PERM Applications using the new forms on June 1, 2023, through the Foreign Labor Application Gateway (FLAG) portal, which is also used for filing Labor Condition Applications (LCA) for H-1B petitions and wage requests for PERM, H-2A, H-2B and CW-1 petitions. The sunset date for filing PERM Applications through the legacy PERM portal system is May 31, 2023.

By Tasneem Zaman via Littler

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Mon – Fri, May 29 – Jun 2, 2023 5:00 PM BRT (4:00 PM ET)

Na 1ª Semana da Sustentabilidade da PwC Brasil, vamos aprofundar a conversa sobre esse e outros temas  importantes que transformam a nossa sociedade, nosso dia a dia, e que impactam cada vez mais os negócios.

 

Program:

29.05 às 17h00 | PwC |  Transição energética: tendências e desafios

Speakers: Célio Fernando, Economista e Vice-presidente da Apimec Brasil e secretário-executivo de Regionalização e Modernização da Casa Civil do Governo do Estado do Ceara; João Marques da Cruz, CEO da EDP; Solange Ribeiro, Vice-Presidente da Neoenergia e Vice-presidente do Conselho do Pacto Global das Nações Unidas

Com Adriano Correia (sócio, PwC) Link de inscrição

30.05 às 17h00 | PwC |  Relatórios de sustentabilidade: ferramenta para estratégia e compliance regulatório

Speakers: Priscila Grecco, CFO Itaúsa; Rafaella Dortas, Diretora Executiva responsável por ESG no BTG Pactual, Ariane Ramalho, Gerente PwC, especialista em Sustentabilidade

Com Maurício Colombari (sócio, PwC) Link de inscrição

31.05 às 17h00 | PwC |  Desafios da logística reversa no contexto atual e futuro da política nacional de resíduos sólidos

Speakers: Gui Brammer, Fundador da Boomera Ambipar, Tamiris Benassi, Gerente sênior PwC especialista em Sustentabilidade e ESG

Com Rodrigo Damiano (sócio, PwC) Link de inscrição

01.06 às 17h00 |  Inovações e tecnologias no processo de descarbonização no agronegócio

Speakers: Mônica Hirsch de Melo Alcântara, Head de ESG na Agrogalaxy; Bruna Dias, Gerente PwC, especialista em Sustentabilidade; Fábio Passos, Diretor LatAm do programa Pro Carbono da Bayer

Com Mauricio Moraes (sócio, PwC) Link de inscrição

02.06 às 17h00 |  Justiça climática: elemento central do desenvolvimento social

Speakers: Marcelo Rocha, Diretor Executivo do Instituto Ayika; Juliana Sá, especialista em Sustentabilidade Empresarial

Com Leandro Ardito (sócio, PwC) Link de inscrição

Brazilian state oil company Petrobras approved a new fuel pricing policy for gasoline and diesel that will sharply lower costs for motorists, it announced on Tuesday, ditching a more market-based policy in favor of greater flexibility to smooth price swings.

President Luiz Inacio Lula da Silva celebrated the new policy for Brazil’s millions of motorists in a post on social media later on Tuesday, declaring it “a victory for the people.”

The new pricing system scraps a so-called fuel import parity policy that more closely aligned prices at the pump with the oil market and exchange rates. Lula, as the leftist leader is known, had promised to change that to make fuel cheaper.

By Gabriel Araujo and Marta Nogueira via Reuters

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Experiência de um curto período sabático na Universidade de Columbia em Nova York

Por sugestão de colegas da Brazilian-American Chamber of Commerce N.Y. repasso aos demais membros minha visão sobre as vantagens que tal período pode proporcionar a uma Empresa que busque preparar seus executivos para uma boa entrada na arena internacional de negócios. Trata-se de meu estágio como “Visiting Scholar” no “Center on Global Economic Governance” da “School of International and Public Affairs” na “Columbia University N.Y” no período 2019-2020.

https://cgeg.sipa.columbia.edu/

Esclareço que não tenho qualquer interesse em tal atitude, apenas o de evitar um desperdício de oportunidade aos colegas da Câmara em não passar vantagens dessa experiência.

A Escola de Assuntos Públicos e Internacionais – School of International and Public Affairs – da Universidade de Columbia em Nova York, através de seus seminários, palestras e cursos de curta duração, pode proporcionar a um(a) executivo(a) na iminência de entrar para a Alta Administração de sua Empresa com escopo Internacional, a tranquilidade de palestrar e negociar em meio a aspectos sensíveis como geopolíticos, étnicos, psicossociais e legais.

A abordagem técnica, mas cuidadosa, quase diplomática, nas primeiras tratativas com ministros de países, CEOs, em ocasiões frequentes em Congressos, Missões Empresariais etc., podem facilitar desdobramentos que concretizem negócios lucrativos para a Empresa. A par dos conhecimentos e experiencia intrínseca do(a) executivo(a), inclusive simpatia, senso de humor etc., há que se agregar um conhecimento dos condicionantes político-socioideológicos que permeiam as tratativas.

O Centro de Governança Econômica Global – Center on Global Economic Governance – CGEG – proporciona tal aprimoramento, via conexão adicional com outros centros da SIPA como de América Latina, Eurásia, África, Energia, além da Law School e da Business School, vizinhas dentro do Campus, com palestras e seminários de alto nível por professores muitos detentores de Prêmios Nobel.

Esta “imersão” consiste num período sabático de 6 a 12 meses, orientado pelo CGEG ou outra fonte, ficando o(a) interessado(a) livre para se inscrever em palestras, cursos, seminários de acordo com sua estratégia de desenvolvimento. Não há controle de frequência, podendo o(a) interessado(a), subsidiariamente, cuidar de assuntos de sua empresa.

O credenciamento formal à Universidade possibilita também um avançado curso de Inglês no Teacher’s College, no campus, acesso às bibliotecas, computadores etc., bem como uma série de sugestões de ambientação a um(a) eventual acompanhante, incluindo conexões com diversas atividades culturais em Nova York.

Há uma taxa a ser paga à Universidade, sendo a manutenção e hospedagem em NYC por conta do(a) interessado(a).

O colega da Câmara ou outro indicado pode obter informações diretamente no site acima ou contatar-me.

Fernando Cariola Travassos
+5521 99101 0900
fernando.travassos@yahoo.com

Brazilian state-controlled lender Banco do Brasil SA (BBAS3.SA) on Monday reported a 29% leap in first-quarter net profit compared with a year ago, boosted by double-digit growth in the value of its loan book.

Banco do Brasil’s adjusted net income reached 8.55 billion reais ($1.71 billion) during the first three months of this year, while analysts polled by Refinitiv expected 8.69 billion reais.

The lender said the results were helped by the performance of its credit portfolio, “which reflects an adequate mix of risk against return.”

By Peter Frontini via Reuters

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The partnership enables the bank to expand its operations in the carbon credit market with solutions for both the domestic and global markets

BTG Pactual (BPAC11), the largest investment bank in Latin America, signed an investment agreement for acquiring a minority stake in Systemica, a company that structures, develops, and implements projects for reducing greenhouse gas (GHG) emissions, in addition to trading the environmental assets generated. The operation aims to contribute to a transitional economy and join efforts for advancing the carbon credit market, contributing to the integrity, quality and international reputation of carbon projects in Brazil and Latin America.

Demand for a low-carbon economy has been growing internationally, with financial institutions and large companies committing to reduce emissions and structuring strategies for decarbonizing their operations. From 2020 to the beginning of 2023, the number of companies committed to reducing emissions formalized under Science Based Targets (SBTi) — which shows how actions are based on science for combatting climate change — grew more than 10 times, which materializes in terms of ever-increasing volumes of retired carbon credits, according to Trove Research.

Via Yahoo Finance

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Wed, May 17, 2023 9:00 AM BRT (8:00 AM ET)

Programação:

09:00 – 09:10 Abertura/Publicações/Pesquisa
09:10 – 09:20 Palestrante: Catarina Costa
09:20 – 09:50 Palestrante: Fabricio Abbade
09:50 – 10:20 Palestrante: Alvaro Pereira
10:20 – 10:50 Palestrante: Fabio Niccheri
10:50 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de Conhecimentos/Encerramento

Speakers:

Carina Costa, PwC Brasil
Alvaro Pereira, PwC Brasil
Fabio Niccheri, PwC Brasil
Fabricio Abbade, PwC Brasil
Rodrigo Guilhen, PwC Brasil
Kieran McManus, PwC Brasil

REGISTER HERE

Itau Unibanco Holding SA (ITUB4.SA), Brazil’s biggest private bank, reported first-quarter recurring net profit of 8.435 billion reais ($1.7 billion) on Monday, a 14.6% year-on-year rise despite higher provisions for bad loans.

The recurring net income figure, which excludes one-off items, was broadly in line with expectations of 8.42 billion reais in a Refinitiv poll of analysts.

Itau said in a securities filing the result was driven by the “positive effect” of a higher loan portfolio, which coupled with a “gradual change in the mix to loans with better spreads” led to a 20% rise in its financial margin with clients.

Via Reuters

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Banco vê queda de juros ainda tímida, mas aposta em modelo de crédito com taxas pré-fixadas e consórcio

O banco Santander espera fechar negócios da ordem de R$ 2 bilhões durante a Agrishow, que acontece em Ribeirão Preto (SP), a maior feira de tecnologia para o agro do país. No ano passado, o montante foi de US$ 1,4 bilhão. “A estratégia é trazer o produtor para a tomada de crédito antes dele ir às compras”, disse o economista Ricardo França, superintendente regional de agronegócios do Santander. Em março, a carteira do banco para o setor era de R$ 40 bilhões, com meta de alcançar R$ 50 bilhões até o fim do ano.

De olho na queda da taxa de juros, ainda que tímida para o segundo semestre do ano, de acordo com França, o principal dos negócios fechados na Agrishow será garantido por uma linha de taxa pós-fixada, espelhada ao que pratica o BNDES (Banco Nacional de Desenvolvimento Econômico e Social).

By Vera Ondei via Forbes Brasil

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O setor farmacêutico está em constante transformação e enfrenta novos desafios cibernéticos à medida que surgem novas tecnologias e processos digitais orientados por dados e robotização. O que está em jogo são as pesquisas sobre tratamentos que salvam vidas, patentes, inovação de ponta e propriedade intelectual.

A pandemia de covid-19 impactou a área acelerando a digitização do local de trabalho. Com essa disrupção, vários cibercriminosos aproveitaram o momento para realizar atividades de espionagem e obter ganhos financeiros.

Também cresceu a dependência de fornecedores terceirizados; a adoção da digitização e de tecnologias industriais da Internet das Coisas (IoT, na sigla em inglês); e a transição para ambientes híbridos e “multinuvem”. Essa evolução gerou uma lista crescente de preocupações cibernéticas, como ataques à cadeia de suprimentos, violações de terceiros e configurações incorretas que levam a vazamentos de dados.

Via PwC

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Regulators seized First Republic (FRC) early on Monday and sold the bulk of the bank’s operations to JPMorgan Chase (JPM) in the largest bank failure since the 2008 financial crisis.

JPMorgan, the nation’s largest bank, agreed to assume $173 billion in assets, $30 billion in securities and all of First Republic’s $92 billion in deposits. The Federal Deposit Insurance Corporation sweetened the deal by agreeing to share losses on certain residential and commercial loans, giving JPMorgan some protection if the assets go bad.

The fall of the $229 billion First Republic makes it the biggest casualty yet of the banking system turmoil that began in March, larger than either Silicon Valley Bank or Signature Bank. Seattle’s Washington Mutual, which went under with $307 billion in assets in September 2008, is still the largest bank failure in US history.

By David Hollerith via Yahoo Finance

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Os avanços da Conferência das Nações Unidas sobre as Mudanças Climáticas de 2022 (COP27) ainda não são suficientes para que o mundo consiga limitar o aquecimento global a apenas 1,5 °C acima dos níveis pré-industriais. Diante do grande desafio de coordenação que a agenda climática impõe, é preciso ir além e pensar nas questões relacionadas à energia em quatro dimensões (4Ds): descarbonização, descentralização, digitalização e disrupção da demanda.

Essas tendências se aceleram e ganham mais relevância a cada ano, e o Brasil tem vantagens competitivas para figurar como protagonista. No processo de transição energética, o país pode contribuir de diferentes formas, gerando valor global e localmente, se souber investir em tecnologias e infraestrutura para atender a demandas internas e internacionais.

Via PwC

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Seis tópicos para a agenda do líder financeiro

Apesar da imprevisibilidade dos últimos anos, pelo menos algo permaneceu inalterado: executivos, consumidores e funcionários concordam que a confiança nos negócios é imperativa. Para a maioria das empresas, no entanto, conseguir estabelecer essa relação não é tão fácil. Nossa Trust Survey 2023 revelou que lacunas de confiança, principalmente com os consumidores, continuam a atormentar muitas empresas.

Via PwC

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With the firm’s partner count now rising to 140, the new partners are established in areas with good prospects for growth and are set to strengthen the firm’s full-service model

Mattos Filho has announced that eight senior associates have been promoted to partnership. The new partners work across twelve of the firm’s legal areas: Agribusiness Law, Antitrust, Education, ESG, Finance, Capital Markets, Corporate/M&A, Infrastructure & Energy, Administrative Law, Labor & Employment, Executive Compensation and Tax.

The promotion of these professionals comes in consideration of emerging market trends and is in line with the firm’s long-term vision and strategy for growth. It also reflects Mattos Filho’s commitment to developing and creating opportunities for its professional talent.

Via Mattos Filho

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Wed, Apr 19, 2023 9:00 AM BRT (8:00 AM ET)

Programação:

09:00 – 09:20 Abertura/Avisos/Pesquisa
09:20 – 09:50 Palestrante: José Tomé
09:50 – 10:20 Palestrante: Patrícia Amélia
10:20 – 10:50 Palestrante: Thiago Mendes
10:50 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de Conhecimento/Encerramento


Speakers:

Patrícia Amélia, EasyHub
José Tomé, Barn Investimentos
Thiago Mendes, AGTech Garage
Maurício Moraes, PwC Brasil
Kieran McManus, PwC Brasil

REGISTER HERE

Brazil’s BTG Pactual said on Tuesday it will launch a stablecoin priced in U.S. dollars at a parity of one to one, as it seeks to position itself in the digital assets market.

The stablecoin, called BTG Dol, will be available on Mynt, the bank’s crypto-asset platform, and through BTG Pactual’s own investment system.

A stablecoin is a type of cryptocurrency that is pegged to a stable asset as a way to reduce volatility.

By Paula Arend Laier and Paul Simao via Reuters

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UBS Group AG (UBS) will leapfrog JPMorgan Chase & Co. (JPS) to become Latin America’s biggest wealth manager through its acquisition of Credit Suisse Group AG.

With about $150 billion in wealth under management from clients from the region, UBS will take the top spot after adding Credit Suisse’s $80 billion total. according to people familiar with the matter. who asked not to be identified discussing non-public data. JPMorgan manages about $180 billion. ltau Unibanco Holding SA (ITUB4) will keep its No. 3 position. with $140 billion in assets.

Credit Suisse has a larger presence than UBS in Brazil’s local private-banking market, including loans to wealthy Brazilians, while UBS has a multifamily-office model. UBS has booking centers in the US, including in cities preferred by Latin American clients. including Miami, New York and Houston – a presence Credit Suisse lacks.

By Cristiane Lucchesi via Bloomberg Línea

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This Littler Lightbulb highlights some of the more significant employment and labor law developments at the U.S. Supreme Court and federal courts of appeal over the last month.

At the Supreme Court

  • Out-of-State Plaintiffs in FLSA Collective Actions. On March 6, 2023, the U.S. Supreme Court denied a petition to review Fischer v. Federal Express Corp., 42 F.4th 366 (2022), an FLSA collective action in which the Third Circuit upheld the district court’s refusal to allow individuals who worked for the defendant outside the forum state to opt in to the lawsuit. In so doing, the Court declined to settle the circuit split on whether its decision in Bristol-Myers Squibb Co. v. Superior Court of Cal., 137 S. Ct. 1773 (2017), a product liability action in which the Court limited the scope of federal court jurisdiction over out-of-state claims, applies to collective actions under the FLSA.

By Mark A. Flores via Littler News

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In this How to Do Business in the Americas podcast series episode, Littler Shareholders Courtney Wilson and Juan Carlos Varela discuss the practical implications of employment contracts in the Americas and their interaction with non-compete agreements and confidentiality clauses. In this podcast, Courtney gives the audience a summary of the common misconceptions employers have when structuring their employment agreements. Juan Carlos and Courtney then offer practical recommendations.

By Juan Carlos Varela and Courtney B. Wilson via Littler

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In the wake of the Brazilian National Data Protection Agency (ANPD) issuing further regulations1 on the determination of penalties for violations of the Data Protection Law (LGPD),2 on March 23, 2023 the ANPD launched a new webpage with the list of companies and government agencies currently under investigation in a punitive administrative process.

The list currently includes only eight entities: one private company and seven government agencies. The list includes their names, date the investigation started, the process number, current status, and a brief description of the alleged violations. The main alleged violations include:

  • Not complying with an ANPD request;
  • Lack of notice of data breach incident to data subjects; and
  • Lack of security measures.

By Renata Neeser via Littler News

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Our firm has featured in two important international legal publications in the last few days.

Mattos Filho received the main award at The Legal 500 Brazil Awards last week, being recognized as ‘Law Firm of the Year’. The awards are based on an assessment of law firm structure and the importance and complexity of the candidates’ cases.

We were also the firm with the highest number of recognized practice areas. Our Capital Markets practice was recognized in the ‘Capital Markets Law Firm of the Year’, ‘Deal of the Year’ (for Nubank’s IPO), and ‘Capital Markets Lawyer of the Year’ categories, while our Litigation and Arbitration practice also won the award for ‘Litigation Law Firm of the Year’.

Furthermore, we were ranked in nine different categories in the Chambers Brazil: Contentious 2023 guide, which recognizes the performance of the best firms and lawyers:

  • Bankruptcy/Restructuring
  • Competition/Antitrust
  • Compliance
  • Consumer Law
  • Dispute Resolution: Arbitration
  • Dispute Resolution: Litigation
  • Dispute Resolution: White-Collar Crime
  • Labour & Employment: The Elite
  • Tax: Litigation: The Elite

27 of our professionals appeared in the rankings, receiving a total of 29 recognitions.

We would like to thank both institutions for these recognitions, which reinforce our commitment to providing outstanding service and strengthening our strategic partnerships with clients.

Via Mattos Filho

Brazilian investment bank BTG Pactual set up an office in Riyadh , the capital of Saudi Arabia. The biggest investment bank in Latin America is the only one from Brazil with a presence in the largest Arab country in the Gulf region. It serves the six countries of the Gulf Cooperation Council (GCC); Saudi Arabia, the United Arab Emirates, Qatar, Oman, Kuwait, and Bahrain.

BTG Pactual partner and head of BTG Middle East , Mario Cavalieri, spoke about the bank’s activities in the region in a seminar at the Arab Brazilian Chamber of Commerce (ABCC) headquarters this Tuesday (28).“We set up an office in Riyadh to raise capital from [Saudi] Arabia and other GCC countries for investments in Latin America and attract Latin American investment to the Middle East,” said Cavalieri.

In addition, the bank carries out mergers and acquisitions in the region. The sectors attracting interest to Arab companies seeking to buy companies in Brazil and Latin America are animal protein, infrastructure, aviation, and hospitality , informed Cavalieri. On the other hand, the Arabs have sizeable operations in the energy sector, both in oil and gas and in renewable energies.

By Brazil-Arab News Agency (ANBA) via MENAFN

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WEBINARS FOR THE WEEK OF MARCH 27

March 29

The NLRB Today: What Every Employer Should Know

After President Biden pledged to be the most union-friendly president the country had ever seen, and appointed two new board members and NLRB General Counsel Jennifer Abruzzo to that end, the NLRB began an aggressive pursuit of employers.
In this session, Littler’s traditional labor law professionals discuss the state of union organizing and what employers should be doing about it, major NLRB decisions issued, and precedents under consideration. Attendees will leave this session with a
deeper understanding of the current union environment and the impact of NLRB decisions. This training is beneficial for both nonunionized and unionized employers in a wide range of industries.

Additionally, Stephanie Zielinski, ComplianceHR Marketing Director, will discuss the benefits of having an updated employee handbook and introduce you to PolicySmart. This all-in-one employee handbook tool can help you simplify the complexity of employment law and make your compliance strategy proactive instead of reactive.

March 30

Pregnancy and Lactation in the Workplace: An Update on Laws Affecting Pregnant Workers

In December 2022, Congress enacted two measures that expand rights for pregnant and nursing workers: the Pregnant Workers Fairness Act (PWFA) and the Providing Urgent Maternal Protections for Nursing Mothers Act (PUMP Act).

In this webinar, Mark Phillis and Jessica Craft will discuss the changes these new measures will bring to the workplace, from changes in accommodations to policies. This webinar will help you understand how these new laws impact employers, what steps you can take now to ensure compliance, and how to update your procedures before the upcoming enforcement deadlines.

Via Littler

Wed, Mar 29, 2023 9:00 AM BRT (8:00 AM ET)

Programação:

09:00 – 09:20 Abertura/Pesquisa inicial
09:20 – 09:40 Palestrante: Graziela Batista
09:40 – 10:00 Palestrante: Sarah Maia
10:00 – 10:10 Palestrante: Raquel Ramos
10:10 – 10:40 Palestrantes: Mariana Moraes/Christiano Santos
10:40 – 11:00 Perguntas e Respostas (Q&A)
11:00 – 11:15 Prova de Conhecimento/Encerramento

Speakers:

Raquel Ramos , PwC BR
Sarah Maia, PwC BR
Graziela Batista, PwC BR
Mariana Moraes, PwC BR
Christiano Santos, PwC BR
Kieran McManus, PwC BR

Citigroup Inc (C.N) CEO Jane Fraser on Wednesday expressed confidence in U.S. banks after a series of closures rattled investors and fueled turmoil in global financial markets.

“The banking system is pretty sound,” and large and regional banks are well-capitalized, Fraser told the Economic Club of Washington D.C. on Wednesday.

“This is not a credit crisis. This is a situation where it’s a few banks that have some problems, and it’s better to make sure that we nip that in the bud,” she said.

By Lananh Nguyen and Saeed Azhar via Reuters

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The depth of innovation required to solve tough regional challenges, combined with Brazil’s high talent density, will increasingly create opportunities to invest in companies that aren’t just local winners, but global powerhouses.

“Brazil is not for beginners,” commented Bruno Balduccini, lead fintech partner of law firm Pinheiro Neto. The “Godfather of Fintech”, as he is known in the Brazilian venture ecosystem, was not referring to historical critiques of excessive bureaucracy that gave birth to this local expression. Rather, Balduccini was acknowledging the evolution of Brazil’s fintech ecosystem: the sophistication of the capital markets, the advances of its regulatory regime, and the companies that have transformed the financial services landscape, including Nubank (one of the most valuable challenger banks in the world).

Brazil is Latin America’s most developed ecosystem for technology-enabled financial services, and it’s hard to overstate the importance of Brazilian government bodies in boosting financial inclusion by promoting reforms across all areas of financial services. From the unbundling of the banking scheme that started in 2013—which allowed newcomers such as Creditas and Neon to apply for tiered licenses that are quicker and less costly than a full banking framework—Brazil is one of the leaders of the world when it comes to regulation-promoting financial services innovation. More than half of the country’s adult population, a staggering 64 million people, made their first digital payments transaction with PIX, Brazil’s instant payment system designed by the Central Bank. Moreover, more than 18 million accounts consent to share their data in the context of open finance, a 95 percent growth from September to December 2022. And after piloting projects last year, Brazil is in the advanced stages of launching its central bank digital currency, Real Digital, which aspires to leverage tokenization and smart contracts on the blockchain for enabling programmable money. For innovators, change means opportunity.

By Monica Brand EngelJonathan Whittle and Michel Zaidler via Observer

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Markets in Europe and Asia rebounded Friday after First Republic Bank was rescued by a group of major US lenders, easing worries about the current banking turmoil.

“Some optimism has returned to markets over the last 24 hours, with bank stocks stabilizing on both sides of the Atlantic,” Deutsche Bank analysts said in a note Friday.

First Republic Bank (FRC) is set to receive a $30 billion lifeline from a group of America’s largest banks, including JPMorgan Chase (JPM), Bank of America (BAC), Wells Fargo (CBEAX), Citigroup (C) and Truist (TFC).

By  and , via CNN

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O Itaú Unibanco estreou como a primeira marca brasileira a patrocinar oficialmente o South by Southwest (SXSW), evento de tecnologia e inovação que ocorre em Austin, no Texas, nesta semana. O apoio marca a criação da plataforma de inovação do banco que envolve a participação em outros eventos, inclusive no Brasil. O objetivo, segundo Renato Haramura, superintendente de Marketing Institucional do Itaú, é, em primeiro lugar, democratizar o acesso à inovação para empreendedores e todo o ecossistema do banco e, internamente, contribuir com conhecimento para as principais mudanças culturais, comportamentais e tecnológicas que a companhia vive atualmente.

“O Itaú vive um contexto de transformação que não envolve apenas a digitalização, mas também uma mudança refletida em suas marcas, o reposicionamento recente de Personalitté é um exemplo disso. São transformações que envolvem formato, investimento, cultura. Estamos falando de um contexto de 100 mil funcionários. E trazer para dentro dos nossos ecossistemas todas as provocações que ocorrem aqui no SXSW é um desafio, ao mesmo tempo que reflete a oportunidade e o momento que vivenciamos”, destaca Haramura. Sobre os próximos passos da presença do Itaú no festival, Haramura reforça que o objetivo, agora, é estimular o pensamento de inovação em toda a companhia e independentemente de áreas.

By Luiz Gustavo Pacete via Forbes Brasil

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HSBC (HSBA.L) bought the UK arm of Silicon Valley Bank for a symbolic one pound on Monday, rescuing a key lender for technology start-ups in Britain, as the biggest bank collapse since the financial crash continued to roil markets.

The deal, which sees one of the world’s biggest banks, with $2.9 trillion of assets, take the doomed British arm of the tech lender under its wing, brought to an end frantic weekend talks between the government, regulators, and prospective buyers.

It came after U.S. authorities moved on Sunday to shore up deposits and try to stem any wider contagion from the sudden collapse of its parent Silicon Valley Bank (SIVB.O).

By Iain WIthers and William Schomberg

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Webinars for the weeks of March 13 & March 20

 

March 14

Conducting Effective Workplace Investigations


Conducting an effective workplace investigation can be a daunting task. It’s critical to maintain objectivity, uncover important facts, and follow compliance and confidentiality procedures. Despite their complex nature, these investigations continue to be increasingly important in today’s highly litigious workplace. Organizations must not only protect workers’ rights to proper investigation, but they must also show concern for workers’ wellbeing in the event of an accident. In this 60-minute webinar,
Rocio Blanco Garcia will walk you through a basic training on conducting effective workplace investigations.

Additionally, Stephanie Zielinski, Marketing Director of ComplianceHR will walk you through PolicySmart™. This all-in-one employee handbook tool can help you simplify the complexity of employment law and make your compliance strategy become proactive instead of reactive

March 15

Yet More Major New Changes in NY State and City Employment Law?!?


Littler’s New York office will review recent New York State and New York City employment law developments and identify the practical steps that businesses should take to maintain their employment compliance in 2023 and beyond. This discussion will cover multiple recent developments, including:

New Statutes

·        NYS additional protected categories under the NYS Human Rights Law

·        NYS pay transparency in job postings

·        NYS expanded lactation accommodation requirements

·        NYS new Lawful Absence Law

·        NYS regulation of work-related quotas for warehouse workers

Updates

·        NYC artificial intelligence enforcement

·        NYS expanded whistleblowers protection

·        NYS pay frequency litigation

·        NYS freelancers aren’t free

·        NYS Wage Transparency Law

·        NYS Adult Survivors Act

March 21

Where Have All the Workers Gone? – Tackling the Chronic Labor Shortage


In this webinar, Littler Shareholder Bruce Sarchet will discuss the scope of the current shortage of workers in the U.S., and

review some of the more popular options for attracting and retaining talent. Oftentimes, the more creative “bells and whistles” approaches to employee compensation and benefits come with a host of labor and employment law challenges. We will explore those challenges and discuss how human resources professionals, in-house legal counsel and business owners can implement solutions.

Additionally, Kimball Norup, CEO of ComplianceHR, will discuss the cultural and employee benefits of having a comprehensive
and up-to-date compliance strategy. He will also introduce you to the Navigator Suite of solutions, which can help you simplify the complexity of employment law and make your compliance strategy proactive instead of reactive.

March 22

Compliance Training Plus: Fresh Perspectives and Guidance on Compliance Training That Make Sense


Littler’s Training Group Principal Marissa Dragoo and Shareholder Demery Ryan will discuss the nuts and bolts of common workplace training challenges with Kantola Training Solutions’ CEO, Sarah Rowell.

This session will provide insights on training challenges and how to best address them, and will also provide attendees with a reminder and proposed game plans for addressing their many state and local jurisdiction compliance requirements, which now include Chicago’s new Bystander Intervention training.

Get an insider’s view on how to train hybrid workplaces, remote workplaces and multistate workplaces. This webinar will also provide techniques and advice for overcoming the challenges created by workplace operations, structure and dynamics,
including staff diversity from corporate employees, to manufacturing, traveling and even multilingual employees.

March 23

A Littler Virtual Roundtable | New York Retail Industry


Littler attorneys and in-house counsel from some of the nation’s top retailers present a highly engaging virtual roundtable discussion. This interactive forum will allow industry colleagues to share how businesses are handling current legal challenges. Participants will explore practical and out-of-the-box approaches to address challenges they have faced, sharing ideas and strategies that have proven successful.

Topics to be discussed at this roundtable include:

·        NLRB update including Board decision on severance agreements

·        Predictive scheduling laws

·        Pay transparency in job posting statutes

·        NYS legal updates including additional protected categories under NYS Human Rights Law, expanded lactation accommodation requirements, Lawful Absence Law, and enforcement of Artificial Intelligence Law

·        The worker protection unit/wage theft task force from DA Bragg

This roundtable discussion is designed for contacts within the retail industry.

 

Brazil’s state-run oil firm Petrobras (PETR4.SA) and Norwegian energy provider Equinor (EQNR.OL) on Monday said they signed an agreement to evaluate development of seven wind projects offshore Brazil.

The proposed projects would deliver a combined capacity of 14.5 gigawatts of power if confirmed, Petrobras CEO Jean Paul Prates said at the CERAWeek energy conference in Houston.

The project could cost $70 billion if confirmed in its entirety, with production starting in six to 10 years. The study phase of the project will last until 2028, the companies said.

By Sabrina Valle via Reuters

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O MileagePlus® é sua passagem para o mundo, com mais possibilidades de ganhar e usar milhas. Tenha à sua disposição mais destinos para viagens-prêmio do que qualquer outro programa de fidelidade de uma companhia aérea dos E.U.A.

Atualize seu perfil e tenha acesso aos benefícios do seu status MileagePlus:

• Nome completo (igual está no seu passaporte/bilhete emitido)
• Endereço completo com CEP
• Telefone para contato
• Data de nascimento
• E-mail
• Senha
• Perguntas de segurança (anotar as respostas e guardar em local seguro sempre)

ATUALIZAR AGORA

 

 

MileagePlus® is your ticket to the world, with the most ways to earn and use miles. Have at your disposal the most awarded destinations of any U.S. airline loyalty program.

Update your profile and get access to the benefits of your MileagePlus status:

• Full name (same as on your passport/issued ticket)
• Complete address with zip code
• Phone number
• Date of birth
• Email
• Password
• Security questions (keep them in a safe place always)

UPDATE NOW

Despite the turbulence this year, private equity and venture capital investments in Brazil grew by more than 13% in the first half of 2022 alone. With a stable political and economic outlook, along with a devalued currency and investors moving away from other emerging markets, Brazil is a prime target for investments in 2023.

New Government in 2023

On October 30, 2022, former president Luis Inácio Lula da Silva (Lula) was elected as Brazil’s next president. Despite receiving the largest number of votes ever for any candidate in Brazil’s democratic history, Lula beat the incumbent president Jair Messias Bolsonaro by the smallest margin ever in a Brazilian presidential election; 50.9% to 49.1%.1 Lula will be sworn in on January 1, 2023 for his third time, after having served as president from 2003 to 2010. A founding member of the Workers’ Party (PT), Lula is seen as a left-wing politician, which is diametrically opposed to Bolsonaro, who is the leader of Brazil’s far right political movement.

President Lula will be checked by a newly elected Congress and Senate that are among the most conservative ever. President Bolsonaro was able to elect numerous supporters to both houses, who will work actively to oppose any radical policies that Lula could propose. While this will create some difficulty for Lula to approve much needed reforms, such as simplifying the country’s tax code, it should create some stability, which generally favors investment. President Lula’s team has started providing glimpses into what his future cabinet will look like. His economic team is expected to include well-known economists with successful track records in fostering growth and stability, which will help ease tensions in the market. In the first week after his election, the Brazilian stock exchange climbed 3%2 and the Brazilian Real increased by 4.5% compared to the U.S. Dollar,3 showing that there is some optimism now that the elections are over.

By Carlos Flávio Lopes, Managing Director via StoneTurn

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On January 19, 2023, the U.S. Department of Homeland Security (DHS) reached a settlement in Edakunni v. Mayorkas. As a result of the settlement, U.S. Citizenship and Immigration Services (USCIS) has agreed to resume its policy of adjudicating extension of status, change of status, and employment authorization applications filed by spouses and children of L-1 and H-1B nonimmigrant visa holders along with the petition filed on behalf of the principal applicant so long as they are concurrently and properly filed.  Specifically, USCIS will review Form I-539, Application to Extend/Change Nonimmigrant Status, and Form I-765, Application for Employment Authorization, for H-4 and L-2 dependent spouses and children at the same time it considers the underlying Form I-129, Petition for a Nonimmigrant Worker, for the corresponding principal applicant when they are all concurrently and properly filed.

Prior to 2019, USCIS routinely adjudicated I-539 and I-765 applications concurrently with a principal applicant’s I-129 petition as a courtesy when the applications were properly filed at the same time. As a result of ongoing policy changes at the time, USCIS stopped bundling adjudication and each petition and application was adjudicated independently. The unbundling of adjudication added significant processing delays as it required additional biometrics from the I-539 and I-765 applicants, making it difficult for these applicants to be able to maintain their employment as the lengthy delays caused a lapse in work authorization.

By Deepti S. Orekondy via Littler

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Acontecimentos globais recentes alavancaram a aprovação da Lei nº 14.478/2022 (“Lei das Criptomoedas”) no Brasil. Com ela, a criptoeconomia ganha um marco legal mínimo, que deve promover um ambiente de crescimento e inovação financeira nos países sul-americanos. 
Entre as inovações trazidas pela nova lei destaca-se a criação dos chamados provedores de serviços de ativos virtuais (VASP), empresas que devem ter licença prévia para negociar, intermediar e fazer custódia de ativos virtuais no Brasil.

Nossas sócias Juliana Abrusio, head da área de Direito Digital e Proteção de Dados, Alessandra Carolina Rossi Martins, sócia na área de Bancário, Seguros e Financeiro, e o advogado Marcelo de Castro Cunha Filho, especialista nas áreas de criptoativos, blockchain e tokenização, receberão Bárbara Espir, vice-presidente jurídica da Bitso, para debater esse e outros tópicos em nosso webinar.

7 de fevereiro  |  10h – 11h30 (Hora de Brasília)

 

Moderadora:

JULIANA ABRUSIO
Head da área de Direito Digital
e Proteção de Dados do Machado Meyer

Palestrantes:

ALESSANDRA CAROLINA ROSSI MARTINS 
Sócia na área de
Bancário, Seguros e Financeiro do Machado Meyer
MARCELO DE CASTRO CUNHA FILHO 
Advogado ​​​​​especialista
nas áreas de criptoativos, blockchain e tokenização do Machado Meyer
BÁRBARA
ESPIR

Vice-presidente
jurídica da Bitso

INSCREVA-SE

 

Copa Airlines announced Thursday the start of operations in June of this year to the cities of Baltimore in the United States and Manta in Ecuador. With these two new destinations, the airline reinforces its leadership in Latin America and strengthens the position of Panama and the Hub of the Americas as the main hub in the region.

“We are pleased to start the year by announcing the opening of two destinations full of history and with great tourist appeal in markets as important to Copa as Ecuador and the United States. In this way, we remain steadfast in our goal to increase connectivity through Panama between the countries where we operate, and contribute to the growth of tourism, investment and economic and social development in our region,” said Pedro Heilbron, CEO of Copa Airlines.

With the opening of Baltimore, Copa continues to consolidate its route network in the U.S., adding the historic and cultural “Charm City” known for having more statues and public monuments per capita than any other U.S. city. This coastal destination joins the thirteen already operated by the airline in the United States: Tampa, Miami, Orlando, Atlanta, Boston, Chicago, New York, Denver, Washington, Las Vegas, Los Angeles, San Francisco, and Fort Lauderdale.

By Dergan Mousa via Aviacion al dia 

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​Em 21 de dezembro de 2022, foi sancionada pelo Presidente da República a Lei nº 14.478/2022 (“Marco Legal de Criptoativos” ou “MLC”), que dispõe sobre diretrizes a serem observadas na prestação de serviços de ativos virtuais e na regulamentação das prestadoras de serviços de ativos virtuais.

A norma teve origem no Projeto de Lei nº 2.303/2015, apresentado pelo Deputado Federal Aureo Ribeiro em 8 de julho de 2015. Mais de 6 anos após a sua apresentação, em 8 de dezembro de 2021, o projeto foi aprovado pela Câmara dos Deputados e remetido ao Senado Federal, onde foi renumerado como Projeto de Lei nº 4.401/2021 (“PL 4.401”). O PL 4.401 foi aprovado em abril de 2022 pelo Senado Federal, e em
novembro pela Câmara dos Deputados. Ao longo do processo legislativo, o Senado Federal aprovou um substitutivo ao texto original do projeto (“Substitutivo”) com algumas alterações que, posteriormente, foram rejeitadas pela Câmara dos Deputados, resultando na sua não incorporação no texto final do Marco Legal de Criptoativos. O MLC entrará em vigor 180 dias após sua publicação no Diário Oficial da União, que ocorreu em 22 de dezembro de 2022.

Via BMA Advogados

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Profissionais:

Fernanda Villela
São Paulo
Languages: Portuguese, English, Italian, Spanish
fvi@bmalaw.com.br

 

 

New Perspectives – FPI Year End Update

Tue, Jan 24, 2023  at 10:30 AM BRT (8:30 AM ET)

Program:

10:30- 10:50 Initial survey
10:50-11:10 Speaker: Guilaine Saroul (US)
11:10-11:20 Speaker: Emily Kirsch (US)
11:20-11:30 Speaker: Dianna Taylor (UK)
11:30-12:30 Q&A (20 min each for the questions below)
12:30-12:45 Final test (for Brazilians only)

Speakers:

Guilaine Saroul , PwC US
Emily Kirsch, PwC US
Dianna Taylor, PwC UK
Kieran McManus, PwC BR

Atividades de Fusões e Aquisições (Mergers & Acquisitions – M&A, em inglês) tiveram uma forte redução no ano de 2022 com números preliminares refletindo queda de mais de 19% em número de transações e aproximadamente 39% em volume transacionado. Transações de grande porte (big tickets) foram mais ocasionais e impactaram fortemente na redução de valor transacionado.

Os motivos são conhecidos. Incertezas econômicas com temas relacionados a inflação, taxas de juros e recuperação (ou recessão) das principais economias, a guerra da Rússia com Ucrânia, as quebras nas cadeias de fornecimento, as perspectivas do mercado chinês e, não menos importante, neste contexto todo, como se comportarão globalmente as curvas de oferta e demanda. Adicionam-se a estes temas, alterações em ambientes políticos e relações geopolíticas em vários países (EUA, América Latina, China, dentre outros) e a crescente relevância, e provocação junto a governos, reguladores, investidores e a sociedade aos temas ESG (Enviromental, Social and Governance), principalmente no ângulo de Enviromental.

E uma rápida guinada não pode ser esperada para 2023. Os fatores mencionados, embora não possam ser classificados como estruturais, são um grande desafio e não devem se resolver em curto prazo. A consequente volatilidade dos mercados de capitais, com recordes negativos de abertura de capital de empresas (IPO – Initial Public Offerreing), follow-ons ou mesmo o questionamento, ou baixa performance, dos modelos de investimentos estruturados como SPACs (Special Purpose Acquisition Companies), o aumento das taxas de juros e a incerteza econômica impactam diretamente as atividades de Fusões e Aquisições. Aumentos de taxas de juros geram consequências, não somente nos investimentos em expansão de capacidade produtiva, mas também no aumento da aversão dos investidores ao mercado de riscos e imediata alocação de recursos na categoria de renda fixa, onde maior estabilidade e previsibilidade, bem como garantia de retorno, estão presentes. Além disto, referida falta de previsibilidade e maior instabilidade, causaram a re-precificação dos ativos (empresas) – além e afetar o poder de compra de investidores, estratégicos ou financeiros, que, com o aumento do custo de financiamento (maior taxas de juros), aumenta o custo de fazer aquisições.

Por Alexandre Pierantoni via Kroll

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Norma dispõe sobre adoção de métodos e definições de partes relacionadas para alinhar as regras brasileiras aos padrões internacionais

A edição publicada em 29 de dezembro de 2022 do Diário Oficial da União tornou pública a Medida Provisória nº1.152 (MP 1152), que introduz alterações na legislação do Imposto sobre a Renda das Pessoa Jurídicas (IRPJ) e da Contribuição Social sobre o Lucro Líquido (CSLL) para dispor sobre as regras de preços de transferência.

A MP 1152 visa a alinhar as regras do país com os padrões internacionais. Trata-se do resultado de um processo amplo de tentativa de aproximação e adequação das normas brasileiras com o preconizado pela Organização para a Cooperação e Desenvolvimento Econômico (OCDE). Para tanto, houve a adequação ao princípio arm’s length e alterações em regras de preço de transferência que eram exclusivas ao Brasil.

Confira abaixo as principais previsões da MP 1152:

Novidades e disposições gerais

Arm’s Length

A MP 1152 adota o princípio do Arm’s Length para fins de determinação da base de cálculo dos tributos de que trata as operações sujeitas às normas de Preço de Transferência. De acordo com este princípio, os termos e as condições de uma transação controlada serão estabelecidos com base naqueles que seriam estabelecidos entre partes não relacionadas em transações comparáveis.

Neste sentido, sua aplicação exige a delimitação da transação controlada (ou seja, a transação sujeita as regras de Preço de Transferência) e a análise de comparabilidade da transação controlada com as operações com partes não relacionadas (i.e., transações não controladas).

Via Mattos Filho

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Nosso time de Propriedade Intelectual preparou um e-book com artigos sobre questões atuais que dizem respeito a patentes, direitos autorais, marcas e mais. Confira abaixo os textos dos nossos profissionais ou clique aqui para fazer download do material completo.

Roadmap de Propriedade Intelectual para Empresas Estrangeiras no Brasil

Por Antonella Carminatti, André de Moura Reis e Fernanda Quental

Muitas empresas estrangeiras, ao vislumbrarem sua expansão para outros mercados, negligenciam aspectos que podem afetar significativamente seus negócios, entre eles a proteção de seus ativos de propriedade intelectual diante das legislações locais. É comum que, durante a definição de territórios de interesse para proteção, não sejam levadas em conta especificidades legais de cada um, frustrando expectativas de posicionamento de mercado e retorno sobre investimentos realizados.

A importância dos Segredos de Negócio em Operações de Fusão e Aquisição

Por Pedro Barroso e Tathyana Candu

Apesar de não ser objeto de definição legal, o segredo de negócio é amplamente reconhecido pela doutrina e jurisprudência.

Direito Autoral em obras arquitetônicas: investigação de plágio

Por Pedro Barroso e José Humberto Deveza Assola

A Lei de Direitos Autorais (Lei n. 9.610/1998) protege, como obras intelectuais, “criações do espírito, expressas por qualquer meio ou fixadas em qualquer suporte, tangível ou intangível, conhecido ou que se invente no futuro”, dedicando especificamente o inciso X do art. 7º aos projetos, esboços e obras plásticas concernentes à arquitetura.

Exceções aos Direitos Autorais: Quais são os limites para as citações?

Por Raysa Vital Brazil e Tathyana Candu

São consideradas obras autorais as criações do espírito, desde que sejam expressas por qualquer meio ou fixadas em qualquer suporte. A proteção da obra autoral nasce no momento de sua criação, independe de registro e perdura por 70 anos contados a partir de 1° de janeiro do ano  subsequente ao falecimento de seu autor ou ao de sua divulgação, dependendo da modalidade da obra.

Direito de imagem de coadjuvantes em obras biográficas

Por Pedro Barroso e José Humberto Deveza Assola

O Supremo Tribunal Federal, ao julgar em 2015 a Ação Declaratória de Inconstitucionalidade nº 4.815, que dizia respeito a interpretação dos arts. 20 e 21 do Código Civil no contexto de publicações  biográficas, entendeu pela priorização da liberdade de informação e da criação artística, ressaltando a inexigibilidade de consentimento da pessoa biografada e, ainda, a desnecessidade de autorização de pessoas retratadas na obra como coadjuvantes.

O peso das características técnico-funcionais no exame de desenhos industriais

Por Ana Cristina Müller e André de Moura Reis

No Brasil, desenhos industriais têm certas limitações para sua proteção, conforme definido pela Lei de Propriedade Industrial. Por exemplo, objetos ou padrões ornamentais contrários à moral e aos bons costumes ou contrários à liberdade de consciência ou de crença não são registráveis como desenhos industriais.

Interpretação atual do Artigo 32 da Lei de Propriedade Industrial e suas consequências

Por Ana Cristina Müller e Lilian Ghitnick Arcalji

Quando um pedido de patente é depositado, a data de depósito estabelece o marco temporal para definição da matéria inicialmente revelada, ou seja, aquela que indica a invenção que se deseja proteger via patente.

Alterações do Novo Marco Cambial (Lei nº 14.286/21) e seus Impactos em Contratos de Tecnologia

Por Jana Fraccaroli e Roberta de Melo Doyle Maia

O Novo Marco Cambial evidencia a intenção do legislador de desburocratizar a remessa de royalties ao exterior e facilitar a transferência de tecnologia entre o Brasil e outros países.

Marcas de Luxo no Ambiente Digital

Por Fernanda Quental e Jana Fraccaroli

O mercado global de produtos e serviços de luxo continua ganhando destaque e apresentando crescimento, mesmo com os impactos econômicos causados pela pandemia de Covid-19. A procura pelo luxo segue forte e com grande projeção de crescimento global graças à sua grande capacidade de adaptação e inovação.

Patentes e o Metaverso – Tecnologias para o Desenvolvimento de Plataformas

Por Ana Cristina Müller e Valter Silva Couto

Em 13 de setembro de 2022, a Justiça Federal da Paraíba (JFPB) estabeleceu interessante precedente em uma audiência de conciliação: foi a primeira vez no Brasil que uma audiência foi realizada “dentro do Metaverso”.

Inteligência Artificial no Setor de Saúde e Propriedade Intelectual

Por Gustavo Vieiralves, Letícia Viana e Lilian Ghitnick Arcalji

No campo do “machine learning”, a participação do ser humano ocorre, por exemplo, na determinação da qualidade de dados escolhidos ou na forma de programar um algoritmo.

Patentes de interesse de Defesa Nacional – Perspectiva Brasil e França

Por Antonella Carminatti e Gabriel Viana Souza

O artigo 75 da Lei de Propriedade Industrial (Lei 9.279/96) assegura ao Estado o direito de intervir no processamento de pedidos de patentes e/ou na exploração de patentes que envolvam invenções que possam afetar a Segurança Nacional, desde que tais pedidos tenham sido depositados prioritariamente no Brasil. Invenções na área da indústria bélica ou nuclear, entre outras, podem ser citadas como exemplos de casos que podem ser incluídos neste dispositivo.

Via BMA Advogados

Saiba mais

Latham topped seven finalist firms and earned recognition across categories, including in the Energy and Technology/Telecommunications sectors and Corporate Attorney of the Year.

The American Lawyer (AmLaw) named Latham & Watkins the 2022 Law Firm Corporate Practice of the Year at the publication’s annual Industry Awards. AmLaw selected Latham as the best among seven leading law firm finalists. The awards honor “those lawyers, business professionals, law firms, and organizations that are elevating the profession to new heights” and “shine a light on the best of the best—those firms that clients should call with their critical corporate work.”

In a feature articleAmLaw said: “Latham & Watkins’ evolution into a corporate leviathan was a deliberate, drawn-out path built on scope and scale, strong talent acquisition and the ability to work on matters for clients small and large in a variety of capacities. That investment culminated, over the second half of 2020 and through 2021, in perhaps one of the greatest runs a Big Law corporate department has ever seen.”

Latham was a finalist in four of AmLaw’s corporate practice categories, the most of any law firm, including:

  • General/Overall achievement across a firm’s transactional work
  • Corporate Attorney of the Year, which featured Bay Area Office Managing Partner Tad Freese as a finalist

Via Latham & Watkins

Read full article

United Airlines (UAL.O) said Tuesday it is ordering 100 Boeing (BA.N) 787 Dreamliners and 100 737 MAXs as it pushes for post-pandemic growth and replaces older, less-efficient aircraft.

The Chicago-based airline’s order for 200 airplanes is worth about $43 billion at list prices and represents a big boost to the U.S. planemaker after political and production issues for the two planes this year.

United said its new order of 100 737 MAX airplanes includes exercising options to purchase 44 737 MAX aircraft for delivery between 2024 and 2026 and had ordered 56 more MAX aircraft for delivery between 2027 and 2028 and now 443 MAXs on order.

United’s big bet on the 787 reflects expectations for continued rising demand for long-haul travel and a desire to replace older airplanes. Boeing said it was the biggest Dreamliner order, while United said it represents the largest widebody order by a U.S. carrier.

By David Shepardson via Reuters

Compra reforça estratégia global, que prevê investimentos superiores a R$ 1 bilhão ao longo de 5 anos no Brasil 

A PwC, gigante mundial em serviços profissionais, anuncia hoje a aquisição do AgTech Garage, maior hub de inovação aberta do agronegócio no Brasil e um dos maiores do mundo. Fundado em 2017, o hub conta com mais de mil startups conectadas a centenas de clientes de toda cadeia do agronegócio, atuando como protagonista de inovação aberta do setor. A aquisição reforça a importância do Brasil no agronegócio global e reafirma o foco da PwC no setor, onde já é líder inconteste.

“Tecnologia e inovação são fundamentais para apoiar nossos clientes em diversas oportunidades e desafios que se apresentam diariamente no setor, sendo o principal deles, o de alimentar um mundo em constante mudança e crescimento populacional, de forma sustentável”, diz Marco Castro, CEO da PwC Brasil. “Temas como biotecnologia, rastreabilidade, eficiência operacional, data analytics, conectividade no campo, foodtechs, agro fintechs, descarbonização, proteínas alternativas, transição energética, ESG,  entre outros, estão na agenda dos principais tomadores de decisão das empresas do Agro”, reforça.

Via PwC

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Welcome to our 2022 Global Annual Review, ‘A Year of Solving Together.’

This is the story of how PwC’s global network of nearly 328,000 people – our community of solvers – managed the challenges and opportunities of the last 12 months and helped our clients and stakeholders navigate a successful path forward.

This year, the war in Ukraine, the continuing COVID-19 pandemic, rising inflation, an energy crisis, supply chain disruption and the pressing need to address climate change have combined to produce the most difficult set of global circumstances in my career. Managing such tough global challenges is possible only when we come together: when people with diverse skills combine forces to solve complex problems, and when business steps up to take responsibility for its impact on the society of which it is an inseparable part.

I’m so proud of the work that our talented community of solvers has delivered around the world this year to support our clients and to make positive contributions to the society we all share. I would like to thank each and every one of them for their hard work, enthusiasm and perseverance. Our people, and the wide range of skills and experiences they bring to work every day, are the engine of our success.

By Bob Moritz via PwC

Read full article

The in-person event “AgriTalks – Green Finance in Brazil: New Developments and Opportunities”, where Brazilian government officials and representatives of the private sector from both Brazil and the U.S. will discuss the current state, perspectives and opportunities for the green finance market in Brazil.

The seminar will take place at the Consulate General of Brazil, on November 17th,from 9:00 a.m. to 1:00 p.m. There will be a Q&A session, in addition to a coffee break and reception at the end of the event.

Agritalks – New York

Green Finance in Brazil: New Developments and Opportunities

New York, November 17th, 2022

Program:

Registration (9:00-9:30)

Welcome Speech (9:30-9:35)

• Ambassador Maria Nazareth Farani Azevêdo, Consul General of Brazil in Nova York

Keynote Speech (09:35 – 09:55)

• Fernando Sardenberg Zelner Gonçalves – Deputy Secretary for Trade and International Relations, Ministry of Agriculture, Livestock and Food Supply – MAPA

Panel 1 – New Instruments and Regulations in the Brazilian Green Finance Market (09:55-10:45)

• José Angelo Mazzillo Junior – Secretary for Agriculture Policy. Ministry of Agriculture, Livestock and Food Supply – MAPA

• Thatyanne Gasparotto – Director, Green & Sustainable Financing Solutions, Natixis CIB Americas

• Lucio Feijó Lopes – Senior Partner, Feijó Lopes Advogados

• Leisa Souza – Head LatAm, CBI

• Moderator: Professor Sidney Nakahodo – Columbia University, School of International and Public Affairs

Coffee Break (10:45-11:00)

Panel 2 – Opportunities for Investment in Green Finance in Brazil (11:00 – 11:50)

• Marcela Porto Costa – Sustainability Expert, Santa Brígida Farm

• Eliza G. Pepper – Head of Advisory & Wealth Planning LatAm, UBS

• Maurício Bauer – Director of Sustainability, JBS

• Leticia Phillips – Representative for North America, Brazilian Sugarcane Industry Association – UNICA

• Moderator: Amy Wu, Journalist, Columbia University

Questions and Answers (11:50-12:15)

Reception (12:15- 13:00)

REGSITER NOW

Jovens talentos: our redesigned internship program

Mattos Filho has recently redesigned its internship program, focusing exclusively on the personal and professional development of our interns. Jovens Talentos (Young Talents) marks the beginning of their professional careers, and the program will now further support the education of future attorneys.

We want to promote discussions and reflections on the internship model currently adopted in Brazil and, ultimately, on the legal career in law firms. New hires will be subject to these changes starting in 2023. Before rolling out the program, we would like to share the most important innovations with you:

•    We will reduce working hours (from 6 to 5), in a hybrid format;
•    We will grant our interns 15 days’ leave to prepare for the Brazilian Bar Association (OAB) examination;
•    Selected interns will take part in a committee with partners, created exclusively to oversee the program;
•    We will have exclusive vacancies for black students, students coming from public schools, families with an income of up to three minimum wages, and those participating in public educational incentive programs;
•    As the internship creates career expectations, we will inform interns in advance whether or not they will be hired as full-time professionals.
•    The last significant change is that hours incurred by interns will no longer be billed to our clients – precisely because they will be dedicated only to their development as students.

This new proposal will allow students to focus on activities and routines to develop technical and behavioral skills, in addition to their degree programs. It is time to think about how we are contributing to the academic development of our interns.

By the end of the program, we hope that our interns will have had the opportunity to enrich their training and understand how the various legal practices work, see the challenges and opportunities in the legal profession and develop the key values and skills for succeeding in their careers.

All this aligns with this specific phase in their lives: being students.

We know that the program will continue to evolve. We live in a challenging, dynamic environment where it is necessary to take steps to achieve a balance between performance and well-being. After all, they should go hand-in-hand. This is perhaps the greatest challenge for organizations today. This is Mattos Filho’s first step, but all positions within the firm will also receive our full attention, with new initiatives to monitor career development.

Finally, I want to take this opportunity to extend our respect and reinforce our commitment to you – our clients – and to thank you for your partnership.

Kind Regards,

Roberto Quiroga

Mattos Filho 

​DAOs: uma introdução

Por Felipe Palhares

DAOs permitem a participação de um número expressivo de indivíduos, localizados em qualquer lugar ao redor do mundo, superando barreiras geográficas e complicações organizacionais, garantindo que qualquer participante possa ter voz e orientar as atividades que serão realizadas pela organização

O que são DAOs?

Por Felipe Palhares

De partida, vale frisar que uma DAO, na prática, nada mais é do que um algoritmo

Modelos de governança para DAOs

Por Felipe Palhares e Fernanda Villela Viana

Existem diversos modelos de governança que podem ser adotados de acordo com as definições que forem estabelecidas nos smart contracts

Estruturação societária de DAOs no Brasil

Por Christopher Zibordi e Daniel Falcão de Paula Soares

Será preciso evoluir e aprofundar as discussões de forma a conceder às DAOs certa legitimidade de que precisam para melhor se estabelecerem e evoluírem como estruturas alternativas

Estruturação Societária de DAOs no exterior

Por Felipe Palhares e Arthur Pichelli Ueda

Em algumas jurisdições, já existem frameworks que têm sido comumente utilizados por fundadores de DAOs para a sua estruturação jurídica

Tokens de DAOs, contratos de investimento coletivo e valores mobiliários

Por Camila Goldberg, Felipe Palhares e Luis Eduardo Al-Contar

Antes de iniciar uma DAO, é fundamental que seus fundadores avaliem se os tokens de governança a serem emitidos podem vir a ser considerados valores mobiliários de acordo com a legislação

Tokens de DAOs e as possíveis penalidades aplicáveis pela CVM

Por Daniella Fragoso e Fernanda Pereira Carneiro

Atualmente não existe norma específica tratando do regime legal aplicável às emissões de tokens de DAOs, o que não implica dizer que não há regulamentação que contemple o tema

Qual país tem competência para tributar as transações das DAOs?

Por Thais de Barros Meira e Ana Carolina P. de Mello

A tributação deve recair sobre as DAOs ou diretamente sobre os rendimentos e ganhos de capital dos associados?

Os desafios na aplicação das leis trabalhistas brasileiras em Organizações Autônomas Descentralizadas

Por Cibelle Linero e Larissa Medeiros Rocha

Essa forma de trabalho se aproxima a outro conceito já previsto na legislação trabalhista brasileira: as cooperativas

Financiamento e geração de ativos de Propriedade Intelectual por meio das DAOs

Por Ana Cristina Müller e Valter Silva Couto

Um grande desafio destas novas possibilidades são as dúvidas que certamente suscitam. Por exemplo, a quem pertencem os direitos de PI em criações que se originarem nas DAOs?

As DAOs e alguns desafios para a solução de conflitos

Por Felipe Galea, Iara Conrado, Milena Arbízu e Marcos Salgado

A descentralização e a autonomia desse tipo de organização diminuem esforços individuais e tornam o processo de decisão mais célere. Sob outra perspectiva, geram dúvidas e incertezas

DAOs no mercado brasileiro e boas práticas de Compliance e PLD

Por Anna Carolina Malta Spilborghs e Jean Daniel Demattio Jaldin

É justamente deste contrato inteligente da DAO que surge a vantagem de as execuções não necessitarem uma ação humana ou um intermediário

Diligência Legal em operações de M&A envolvendo DAOs

Por Adriana Dib Fuzinato, Ellen Juste Nuñez e Thaís Xavier

Além da diligência legal, em se tratando de um ativo digital, é recomendável conduzir diligência técnica, pois em muitos casos os termos de criação das DAOs preveem que o código é a lei

DAOs e Proteção de Dados Pessoais

Por Felipe Palhares e Bárbara Iszlaji

É importante discutirmos se as DAOs tratam dados pessoais e, portanto, estão sujeitas às legislações de proteção de dados pessoais

Smart Contracts e a problemática frente às relações complexas das DAOs

Por Fernanda Villela Viana

De forma geral, nas DAOs, os smart contracts são utilizados para definir regras, estruturar operações e gerenciar relações. A execução das DAOs, portanto, não é pautada em sistemas jurídicos

DAOs e cybersecurity

Por Felipe Palhares

Uma falha no código pode colocar em risco todos os recursos mantidos na tesouraria da DAO, assim como expor seus membros

O futuro das organizações

Por Felipe Palhares

Na ausência de respectiva regulamentação, os imbróglios precisarão ser solucionados com base nas especificidades dos casos concretos que sejam apresentados

Via BMA Advogados

Saiba mais

For more than 30 years, Matera has been providing state-of-the-art technology to financial institutions. The largest global banks use Matera’s proven core banking and payments solutions as well as 50 of 150 banks in Brazil. Their Pix instant payments solution processes nearly 2 billion transactions per month and is being adapted for the U.S. market in support of FedNow. Their innovative Digital Twin software enables banks to offer 24X7 real-time transaction processing without replacing their core banking solution.

Learn more

The deal and legal advisor of the year awards recognize Latham’s extensive services and prowess in Latin America.

Latham & Watkins was recognized as the Infrastructure Law Firm of the Year for the Southern Cone region of South America in the 2022 LatinFinance Project & Infrastructure Finance awards, highlighting the firm’s groundbreaking and innovative work in the countries of Argentina, Chile, Paraguay, and Uruguay. Since launching in 2013, the awards have celebrated the most impressive transactions and institutions in fields critical to Latin America’s economic progress.

LatinFinance also recognized Latham’s work in six individual categories:

  • Infrastructure Financing of the Year, Southern Cone – Chacao Plus: advised Chilean energy company GM Holdings S.A. on a US$980 million concurrent bank and bond project financing for a portfolio of existing and new-build electricity generation assets in Chile
  • Renewable Energy Financing of the Year – GIP Patagonia/Chile Renewables: advised on GIP Patagonia project financing in connection with the acquisition of Chile Renovables SpA, a portfolio of renewable wind and solar generation projects located in Chile
  • Digital Infrastructure/Telecoms Financing of the Year – KKR’s Telefónica Acquisition: advised Telefónica on its approximately US$1 billion sale of its fiber optic network in Chile to KKR
  • Road Financing of the Year – Rio Magdalena 2: advised multiple parties in the multi-source financing for the 4G toll road in Colombia, which will be used to develop 153 km of roll roads
  • Infrastructure Financing of the Year, Andes – Rumichaca Pasto 4G Toll Road: advised multiple parties on the approximately US$906 million multi-source financing for the construction, operation, and maintenance of approximately 83 km of toll roads in the Department of Nariño under Colombia’s 4G program
  • Infrastructure Financing of the Year, Brazil – Smart Luz Financing: advised Goldman Sachs on a DFC-guaranteed sustainability bond for Brazilian public lighting and “Smart Luz” smart city services project

“These recognitions demonstrate the high-quality counsel we continually provide our clients and the depth and diversity of our services focused on Latin America,” said Tony Del Pino, Global Chair of Latham’s Latin America Practice.

Latham’s work in Latin America was also recently recognized in the Latin Lawyer 250 as a leading business law firm contributing to the region’s economic growth.

Via Latham & Watkins

Brazilian airline Azul expects to expand its routes by 30% next year, with plans to add new slots at Sao Paulo’s Congonhas airport, one of the busiest in the country, Chief Executive Officer John Rodgerson said.

In an interview on Thursday at the company’s headquarters on the outskirts of Sao Paulo, Rodgerson said Azul currently has only 26 slots in Congonhas, whereas its rivals Gol (GOLL4.SA) and LATAM Airlines (LTM.SN) each have around 250.

“The new rules are fairer,” he said, referencing national aviation regulator ANAC’s decision in July to distribute 86 slots at Congonhas to increase competition, with 45 new slots and 41 previously used by bankrupt Avianca Brasil.

Bradesco BBI analysts estimated last month that nearly all the new slots – 84 of 86 – would go to Azul, allowing the company’s presence in the airport to grow fourfold.

Rodgerson expects to start selling tickets for flights from the new slots beginning in March.

By Aluisio Alves via Reuters

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Paulo BessaThe Elisabeth Haub School of Law at Pace University has announced that the 2022 Elisabeth Haub Award for Environmental Law and Diplomacy will be awarded to Professor Paulo de Bessa Antunes, an environmental scholar and leading professor of environmental law at Universidade Federal do Estado do Rio de Janeiro, and head of the Environmental Practice of Campos Mello Advogados (Brazil). Professor de Bessa Antunes was also a Haub Visiting Scholar at the Elisabeth Haub School of Law in the spring of 2019.

Professor Bessa will receive the 2022 Award in recognition of his tireless advocacy to support the development and implementation of laws protecting the environment in Brazil, including filing several successful lawsuits to protect the environment over the three decades he worked in the Federal Public Prosecution Service. These lawsuits resulted in the establishment of the Reserva Beach protected area in Rio de Janeiro; the destruction of highly toxic PCBs (polychlorinated biphenyls), so that they were not released into the environment; and the abandonment of plans to construct a bridge in indigenous territory over the objection of the indigenous Xerente. In gratitude, the Xerente presented him with an honorary citizenship.

Professor Bessa is a leading contributor to, proponent, and defender of the environmental rule of law in Brazil. He is the author of several books, including the seminal text Direito Ambiental, and articles and his work is regularly cited by Brazilian courts, including the Supremo Tribunal Federal (Federal Supreme Court). He is also influential in influencing public environmental policy, exhibiting courage and leadership by co-authoring an open letter critiquing political rollbacks in Brazilian environmental policy. He has taught, mentored, and inspired generations of students and young lawyers to care for their country’s environmental heritage through law.

The prestigious Elisabeth Haub Award for Environmental Law and Diplomacy was established in 1997 by the Elisabeth Haub School of Law at Pace University, in cooperation with the Haub Family, to honor the legacy of Elisabeth Haub (1899–1977), a noted philanthropist and advocate for strong laws for the conservation of nature. The award is chosen yearly by an esteemed jury of individuals and was first established to commemorate the 25th anniversary of the United Nations Stockholm Conference and the 5th anniversary of the United Nations Rio de Janeiro Earth Summit.

“The Elisabeth Haub School of Law’s No. 1 ranked environmental law program continues to train lawyers to understand the intersection between climate justice, the environment and the law,” said Haub Law Dean Horace E. Anderson Jr. “We are honored this year to recognize Professor Paulo de Bessa Antunes for his pioneering work in the protection of the environment in Brazil, especially at such a critical moment with rising levels of illegal deforestation in Brazil’s Amazon rainforest.”

“We are honored to present Professor Bessa with the Elisabeth Haub Award for Environmental Law and Diplomacy. His exemplary contributions as an innovator, author, leader, and fearless champion of environmental and indigenous rights issues embodies the very spirit of Elisabeth Haub’s advocacy,” said Jason Czarnezki, Associate Dean of Environmental Law Programs and Strategic Initiatives, and Gilbert and Sarah Kerlin Distinguished Professor of Environmental Law. “His achievements in the field are unparalleled.”

“The Elisabeth Haub Award for Environmental Law and Diplomacy recognizes the innovation, skill, and accomplishments of lawyers, diplomats, international civil servants and other advocates who work to create the world environmental order,” said Pace University Trustee Liliane A. Haub. “It is our hope that with this award, we are making a statement in support of those individuals and communities who are fighting to create a more sustainable planet.”

The ceremony for the 2022 Elisabeth Haub Award for Environmental Law and Diplomacy honoring Professor Paulo de Bessa Antunes will take place on Tuesday, November 8th, from 6:00 p.m. – 7:00 p.m. EST at the Elisabeth Haub School of Law at Pace University, and be broadcast virtually to accommodate a global audience. Attendees may choose whether to attend in person or virtually.  REGISTER HERE.

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Companhia afirma que a participação na mineradora faz parte de uma estratégia de diversificação de portfólio

O conglomerado Cosan anunciou nesta sexta-feira (7) que adquiriu participação de aproximadamente 4,9% do total de ações ordinárias de mineradora Vale, em movimento que busca diversificar a atuação da empresa em setores nos quais o Brasil tem vantagem competitiva.

O valor da fatia adquirida na Vale, com base no preço de fechamento da ação da mineradora de quinta-feira (6), gira em torno de R$ 17 bilhões.

A companhia acrescentou que ainda pretende aumentar sua participação acima do percentual já adquirido e buscará imediatamente a aprovação do Conselho Administrativo de Defesa Econômica (Cade).

REUTERS/Amanda Perobelli via Forbes Brasil

Leia artigo na íntegra

O indicador analisa variáveis como o custo do negócio e a dinâmica setorial e se torna uma importante ferramenta para orientar a adoção de estratégias que influenciam a performance do negócio e, consequentemente, a geração de empregos e renda.

Apesar das incertezas e dos desafios econômicos, políticos e sociais, os empresários das empresas de médio porte do país mantêm um bom nível de confiança em relação ao futuro de seus negócios. O otimismo foi aferido pela Fundação Dom Cabral (FDC) em levantamento realizado entre junho e julho deste ano, que contou com a participação de 1.133 empresários de médias empresas e foi divulgado no final de setembro.

Para traçar esse panorama, a FDC criou o Índice de Confiança das Médias Empresas (ICME), que considera a média da avaliação da condição atual (ICA) e, também, a expectativa futura (IEF) do ambiente de negócio. Nesta primeira apuração, o índice atingiu uma média de 46 pontos, dentro de uma escala de 0 a 100, com o ICA em 42 pontos e o IEF em 50.

Entre os fatores que reduziram a confiança do empresariado, tanto em relação às condições atuais (ICA) quanto às expectativas futuras (IEF) estão a instabilidade econômica do país, a turbulência no ambiente político e social e os custos do negócio. Ainda assim, os empresários avaliam bem o cenário atual e estão otimistas com relação às condições da empresa, aos volumes de venda (demanda), ao ambiente competitivo e aos impactos que as transformações tecnológicas devem provocar nos próximos meses.

Via CNN Brasil

Ler artigo na íntegra

In-person meeting of the Brazilian grain and cotton chain will highlight, in panels, analyzes and projections by specialists from the public and private sectors for the short, medium and long term

The DATAGRO Grain Harvest Opening – Soy, Corn and Cotton event brings, for the third consecutive year, information and data on the 2022/23 harvest and prospects for the coming years with topics such as world and Brazilian economy, input market, biofuels, complex of meat and trends for the production, consumption and commercialization of grains and fibers for the next 10 years. The meeting will take place on August 29, at the Renaissance Hotel, in São Paulo (SP). The Harvest Opening will feature the presentation of Koppert, leader in Brazil and in the world in biological control. The company’s commercial director, Gustavo Herrmann, will be one of the speakers on the panel “Input market for the 2022/23 crop — soybeans, corn and cotton — seeds, limestone, fertilizers, pesticides and agricultural machinery”, with representatives from CropLife Brasil, Anda (National Association for the Diffusion of Fertilizers) and Abracal (Brazilian Association of Agricultural Limestone Producers).

Via DATAGRO

Learn more

“We want to help companies achieve ESG standards so they can reach a broader base of investors in a bond sale,” said Felipe Thut, who runs Bradesco BBI, the firm’s investment-banking arm. “We see demand for those products growing each day, and firms need to adapt.”

M&A reset: As market headwinds pick up speed, the second half of 2022 is providing an opportunity for dealmakers to reassess strategy and act boldly.

What a difference six months makes. At the start of 2022, dealmakers were riding high from the best year on record for global M&A, with more than 60,000 publicly disclosed deals breaking US$5tn in value for the first time. We predicted that this year wasn’t likely to top 2021 in the face of growing headwinds—but the market expected M&A to continue to prosper. Fast-forward to mid-year. Not only have the headwinds grown stronger, but new ones have emerged, including rapidly accelerating inflation and interest rates, lower stock prices, and an energy crisis deepened by the Russia–Ukraine conflict.

By PwC

Read full article

 

Tribute to José Luis Cutrale

(September 17, 1946 – August 17, 2022)

1988 Person of the Year

On behalf of the Board of Directors of the Brazilian-American Chamber of Commerce, we regretfully inform you of the passing, on August 17, 2022 at age of 75, of José Luis Cutrale, in London.  Mr. Cutrale was the 1988 Brazilian Person of the Year honoree and a lifelong member of the Chamber.  A friend to many members and Directors, Mr. Cutrale was always willing to assist the Chamber.  His participation in joint projects elevated the quality of Chamber programs and strengthened ties between Brazil and the United States.

Born in São Paulo on September 17, 1946, Mr. Cutrale started working as a young boy for his father at Cantareira Municipal Market in São Paulo and began growing oranges.  Twenty years later, in 1967, they founded Cutrale, which catapulted the family name to become synonymous with orange juice worldwide.  Mr. Cutrale lived his life with kindness, respect, honesty, and a strong work ethic.

Mr. Cutrale is survived by his wife, Rosana Falcioni Cutrale, and their three children – Junior, Henrique, and Graziela.

Brazilian lender Banco BTG Pactual SA BPAC3.SA on Tuesday reported a 23.2% rise in second-quarter net income to a record 2.07 billion reais ($405.01 million), citing an “especially strong” performance in its fee-based business units.

The company’s total revenue also reached a record for a quarter at 4.51 billion reais, up 19.7% from a year earlier, despite what it called volatile international markets and a challenging local macroeconomic scenario.

Both metrics came in slightly ahead of expectations from analysts polled by Refinitiv, which were at 1.98 billion reais for net income and 4.3 billion reais for revenue.

Reporting by Gabriel Araujo, Editing by Louise Heavens, Kirsten Donovan – Reuters via Nasdaq

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The U.S. Customs and Border Protection (CBP) announced the resumption of Global Entry arrangement with the Government of Brazil for Brazilian Citizens.

The agreement includes those entering the United States for tourism and certain business purposes.

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

Itau Unibanco (ITUB4.SA) on Monday beat profit expectations and substantially raised its loan growth forecast for this year even as it boosted provisioning for bad credits, reflecting higher Brazilian interest rates.

Brazil’s largest lender said second-quarter recurring net profit rose 17.4% from the previous year to 7.67 billion reais ($1.50 billion), beating analyst expectations of 7.48 billion reais, as compiled by Refinitiv.

The bank also said its loan book is likely to grow between 15.5% and 17.5% this year, above a previous estimate of 9%-12%.

Its 2022 cost of credit, which is mainly composed of cash set aside for loans likely to default, is now seen in the range of 28 billion-31 billion reais, up from the previous forecast of between 25 billion and 29 billion reais.

In the three months ending June 30, Itau’s loan-loss provisions reached 7.81 billion reais, up 61.7% from last year, while its loan book rose 19.3% on a year-on-year basis to 1.08 trillion reais.

By Peter Frontini via Reuters

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  • Deal would be company’s third-largest after Whole Foods, MGM
  • One Medical operates medical clinics in markets across the US

Amazon.com Inc. announced it would buy primary-care company One Medical for $18 a share, the latest move by the e-commerce giant to muscle into the healthcare market.

The all-cash transaction has an equity value of $3.49 billion.

One Medical, whose parent is called 1Life Healthcare Inc., operates 182 medical offices in 25 markets in the US. Customers pay a subscription fee for access to its physicians and round-the-clock digital health services.

“We think healthcare is high on the list of experiences that need reinvention,” said Neil Lindsay, the senior vice president leading Amazon’s healthcare push.

Amazon in recent years has launched an online drug store, following its acquisition of mail-order pharmacy PillPack Inc., and started a primary-care clinic for its employees and some other companies, among other health-focused initiatives. The One Medical deal would be Amazon’s third-biggest acquisition, trailing only its purchases of organic grocer Whole Foods Market and film studio Metro-Goldwyn-Mayer.

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From the Rio Grande to Tierra del Fuego, Simpson Thacher has built a powerful practice serving clients throughout Latin America, starting in the 1970s and ’80s, when they advised clients on sovereign lending and restructurings. Over time, they solidified their position as a market leader in corporate transactions that involved both Latin American companies and sovereigns, as well as their traditional multinational client base.

Already an acknowledged legal pacesetter in Brazil and Latin America, the Firm opened an office in São Paulo in 2009 to build on their commitment to the region and enhance their ability to support their clients.  Their local presence in São Paulo, together with their multilingual team’s deep transactional experience and familiarity with local culture and practices, enable them to optimize representation of their clients in the region on their most important and complex matters.

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Foram anunciadas 735 transações no período de Janeiro a Junho de 2022, com uma redução de 2,3% em relação ao mesmo período do ano passado. Incertezas globais, combinadas com cenário desafiador interno, afetaram o volume de operações. Mercado de Capitais também ficou restrito e observou-se follow-ons de operações maduras em setores mais resilientes.

Em Junho de 2022 foram anunciadas 94 transações, número 19,6% inferior ao mesmo mês de 2021 (117) e, somando-se as 641 anunciadas entre Janeiro e Maio, registraram-se 735 transações acumuladas no ano, com redução de 2,3% no período em relação ao mesmo período em 2021 (752 transações). É o quarto mês consecutivo onde observamos redução no número de operações de M&A.

Os setores de maior atividade continuam sendo associados, direta ou indiretamente, a tecnologia, serviços financeiros (onde tecnologia também está fortemente presente), serviços (B2B e B2C), logística, energia e produtos de consumo. Destaque também a ser dado aos setores de educação e saúde, que continua apresentando movimento de consolidação. Observamos uma retração das atividades de M&A no setor de varejo.

By Kroll

Ler relatório completo

The board of directors of Brazil’s Petrobras (PETR4.SA) elected Caio Paes de Andrade as its new chief executive on Monday, as a messy management transition at the state-run oil company inches toward conclusion.

Andrade, a former economy ministry official, was also voted onto the company’s board ahead of his election as CEO, the company said in a securities filing, a move required under Petrobras bylaws.

Andrade had been tapped by Brazilian President Jair Bolsonaro last month to run the firm and is set to replace Chief Exploration and Production Officer Fernando Borges, who took over as interim CEO after Jose Mauro Coelho resigned earlier this month. read more

Coelho, as well as his two predecessors, were brought down after clashes with Bolsonaro over the company’s fuel pricing policy. The far-right president’s popularity has taken a beating due to rising diesel and gasoline prices and high inflation.

By Rodrigo Viga Gaier and Rafaella Barros via Reuters

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With the highest number of partners among full-service law firms in Brazil’s capital, Mattos Filho provides leading legal assistance for demands with government agencies and higher courts

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.

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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.

Learn more here.

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.

Assista agora!

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.

The EB-5 Regional Center Program, which was suspended since June 30, 2021, will restart. The U.S. Congress included in the government spending bill the authorization and reform of the EB-5 Regional Center Program, referred to as the “EB-5 Reform and Integrity Act”.

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 

Learn more here.

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.

Learn more here.

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.

Mattos Filho

Learn more here.

Specialization. Scarcity. Rivalry. Humanity. Companies that understand—and harness—these forces will have an edge in creating vibrant workforces capable of achieving sustained, positive outcomes.

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 

Read full article here.

We believe in practicing law dynamically to match the pace of change in society and drive its evolution forward. We know that change starts from the inside out, so we challenge the status quo and work to generate positive impacts for society and inspire the market.

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.

Click here to watch the video about our manifesto.

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

Lisa Worcman
lisa.worcman@mattosfilho.com.br
+55 11 3147-8484

Luiz Felipe Ferraz
lferraz@mattosfilho.com.br
55 11 3147 7870

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.

Next Generation of Lawyers, a professional program dedicated to minority law school students in Brazil, is organizing a short term exchange program to the U.S., with the support of top tier law firms, United Airlines and the U.S. General Consulate in Brazil.

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.

Find out more about the program here.

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.

Learn more

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.

Learn more

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.

AUTORES

Via MACHADO, MEYER, SENDACZ E OPICE ADVOGADOS

Saiba mais.

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.

Learn more

[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

Read full article

M&A no Brasil. Análise da equipe de Corporate Finance da Kroll/ Kroll Brasil das atividades no primeiro bimestre de 2022

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.

Ler análise na íntegra

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

Read full article.

Venture Capital Practice

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.

Learn more about our Venture Capital practice.

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

  • Top-ranked both globally and in Latin America, our international arbitration practice regularly represents multinationals in proceedings held in Miami, a growing global center for international arbitration and will continue to represent multinationals in arbitrations in other key global dispute venues, including Brazil and Latin America more broadly.
  • Our mass tort and consumer class action lawyers have represented clients in the consumer productsautomotivefinancial serviceslife sciences and technology sectors in hundreds of cases in Florida, with more than 100 jury trials in the past decade.
  • The healthcare team currently advises several of Florida’s largest hospital systems and other healthcare providers.
  • The firm’s government advocacy and public policy team will extend its reach into the state, led by two former Florida congressmen at the firm who already counsel clients in Florida.
  • The Miami office will become a client service center for the firm’s already leading private equityfintech and healthcare technology capabilities.

Learn more

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.

 

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

Read full article

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.)

Via Drummond Advisors

Learn more

Brazil’s government has appointed former Petrobras executive Rodolfo Landim to chair the state-controlled oil producer’s board, the company said in a filing on Saturday night.

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

Read full article

The Russian military’s recent invasion of Ukraine, and the related sanctions against Russia have many companies asking:  how does this chaos impact our workforces in those countries?  This broad question is answered below, with the caveat that these answers are subject to change, given the very fluid nature of the situation.

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? 

  • U.S. Sanctions

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

Read full article 

Women’s health matters can often be overlooked in the workplace.

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.

Tuesday, March 8, 2022 8:00 am9:00 am PST 

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

Register now

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

Ler artigo na íntegra

 

 

Established in 2019, Solstic Advisors is an independent company specializing in M&A (Mergers and Acquisitions), Valuation (Company Valuations) and Capital Advisory (fundraising processes for growth).

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

Learn more

The U.S. Customs and Border Protection (CBP) announced the launch of Global Entry arrangement with the Government of Brazil for Brazilian Citizens. The agreement includes those entering the United States for tourism and certain business purposes.

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

Ler artigo na íntegra.

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

Park concessions in Brazil: States take the lead

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

The impacts of the reform of the Administrative Improbity Law

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

A new position on assessment penalties in tax cases dealing with goodwill?

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

Court-awarded attorneys’ fees in the Labor Courts

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

CVM Resolution 44 and the new presumptions on inside trading

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.


Banco completa a primeira rodada do Programa de Captação Sustentável, lançado em novembro do ano passado

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

Ler artigo na íntegra.

Connecting People. Uniting the World.

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.

Learn more.

How to transform BioPharma for the upcoming LIFEcare system

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 

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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

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Fundador líder e presidente do conselho do Grupo Cosan fala do futuro do agronegócio brasileiro, do meio ambiente e das 40 mil pessoas que ele “carrega junto”.

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

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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.

Learn more here.

O BTG Pactual fechou a aquisição da carteira de varejo da Planner Investimentos, que assim deixa de atuar na corretagem e assessoria de investimentos para a pessoa física.

A transação não envolve o CNPJ da corretora, que prosseguirá atuando no atendimento ao público institucional, em serviços como administração fiduciária, fundos, câmbio e operações estruturadas.

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

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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

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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

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Shearman & Sterling advised Banco do Brasil, acting through its Grand Cayman Branch, in connection with the offering of an aggregate principal amount of US$500 million 4.875 percent social bonds due 2029 issued under its Euro Medium Term Note Program.

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.

Via Shearman & Sterling

Read full article here.

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.

Learn more here.

O Instituto de Pesquisas em Tecnologia e Inovação (IPTI) utiliza dados e inteligência artificial para promover agricultura local e melhorar índices nutricionais de escolas

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