Brazilian commercial law : a practical guide / edited by Silvia Fazio.
2015
KHD1059 .B74 2015 (Map It)
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Details
Title
Brazilian commercial law : a practical guide / edited by Silvia Fazio.
Published
Alphen Aan Den Rijn, The Netherlands : Kluwer Law International, [2015]
Call Number
KHD1059 .B74 2015
Former Call Number
Br 600 B739 2015
Edition
Second edition.
ISBN
9789041152664
9041152660
9041152660
Description
xxxvii, 651 pages ; 25 cm
System Control No.
(OCoLC)926875645
Bibliography, etc. Note
Includes bibliographical references and index.
Record Appears in
Added Author
Table of Contents
About the Editor
v
About the Contributors
vii
Introduction
1
ch. 1
Setting up a Business in Brazil / Silvia Fazio
5
1.01.
Overview / Luiz Fernando Amaral Halembeck
5
1.02.
Restrictions on Foreign Investment / Luiz Fernando Amaral Halembeck
6
A.
Media Law / Luiz Fernando Amaral Halembeck
6
B.
Coastal Shipping / Luiz Fernando Amaral Halembeck
7
C.
Domestic Aviation / Luiz Fernando Amaral Halembeck
7
D.
Private Surveillance Services / Luiz Fernando Amaral Halembeck
7
E.
Acquisition of Rural Lands / Luiz Fernando Amaral Halembeck
7
1.03.
Choosing a Company Type / Luiz Fernando Amaral Halembeck
7
A.
For the Specific Activity of the Company / Luiz Fernando Amaral Halembeck
8
B.
For Access to the Capital Markets / Luiz Fernando Amaral Halembeck
8
C.
When there Is No Mandatory Type / Luiz Fernando Amaral Halembeck
8
D.
When You Have a Partner / Luiz Fernando Amaral Halembeck
8
E.
Shareholders' Agreements/Quotaholders' Agreements / Luiz Fernando Amaral Halembeck
9
1.04.
Limitadas / Luiz Fernando Amaral Halembeck
10
A.
Capital / Luiz Fernando Amaral Halembeck
11
B.
Board of Officers / Luiz Fernando Amaral Halembeck
12
C.
Tax Council / Luiz Fernando Amaral Halembeck
12
D.
Quotaholders' Rights / Luiz Fernando Amaral Halembeck
13
E.
Quotaholders' Meetings / Luiz Fernando Amaral Halembeck
14
1.05.
Sociedades Anônimas / Luiz Fernando Amaral Halembeck
15
A.
Capital Stock / Luiz Fernando Amaral Halembeck
15
B.
Other Securities / Luiz Fernando Amaral Halembeck
16
1.
Participation Certificates or Founder's Shares / Luiz Fernando Amaral Halembeck
16
2.
Debentures / Luiz Fernando Amaral Halembeck
17
3.
Subscription Rights / Luiz Fernando Amaral Halembeck
17
C.
Incorporation of a Sociedade Anonima / Luiz Fernando Amaral Halembeck
17
D.
Books and Records / Luiz Fernando Amaral Halembeck
18
E.
Audit Requirements / Luiz Fernando Amaral Halembeck
18
F.
Board of Directors / Luiz Fernando Amaral Halembeck
19
G.
Board of Officers / Luiz Fernando Amaral Halembeck
19
H.
Tax Council / Luiz Fernando Amaral Halembeck
20
I.
Shareholders' Rights / Luiz Fernando Amaral Halembeck
20
J.
Shareholders' Meetings / Luiz Fernando Amaral Halembeck
22
1.06.
Other Less Common Ways of Setting up a Business / Luiz Fernando Amaral Halembeck
24
A.
Brazilian Branch of a Foreign Company / Luiz Fernando Amaral Halembeck
24
B.
Participation Account Partnership (Sociedade em Conta de Participactio (SCP)) / Luiz Fernando Amaral Halembeck
24
C.
Consortia / Luiz Fernando Amaral Halembeck
25
D.
Sole Limited-Liability Company: EIRELI / Luiz Fernando Amaral Halembeck
26
E.
Statistics / Luiz Fernando Amaral Halembeck
26
1.07.
Duties and Liabilities of Directors and Officers / Luiz Fernando Amaral Halembeck
26
1.08.
Disregard of Legal Entity / Luiz Fernando Amaral Halembeck
27
1.09.
Permits and Registrations / Luiz Fernando Amaral Halembeck
28
1.10.
Corporate Governance Improvements / Luiz Fernando Amaral Halembeck
30
ch. 2
Joint Ventures, Mergers and Acquisitions / Luiz Fernando Amaral Halembeck
33
2.01.
Joint Ventures: Overview / Antônio José Mattos Morello, Natalia Parmigiani Merlussi, Adolpho Julio Camargo de Carvalho
33
A.
Structuring a Joint Venture: Forms of Business Organizations / Natalia Parmigiani Merlussi, Antônio José Mattos Morello, Adolpho Julio Camargo de Carvalho
33
B.
Limited Company (Sociedade Limitada) / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
34
C.
Joint-Stock Company (Sociedade Anonima) / Natalia Parmigiani Merlussi, Antônio José Mattos Morello, Adolpho Julio Camargo de Carvalho
35
D.
Consortium / Adolpho Julio Camargo de Carvalho, Antônio José Mattos Morello, Natalia Parmigiani Merlussi
37
E.
Precedents of Joint Venture Agreements / Adolpho Julio Camargo de Carvalho, Antônio José Mattos Morello, Natalia Parmigiani Merlussi
38
2.02.
Mergers and Acquisitions-M&A / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
39
A.
Mergers and Consolidations / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
39
B.
Acquisitions / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
40
C.
Acquisitions through Dropdown of Assets / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
41
2.03.
Due Diligence and Post Completion Integration / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
42
A.
Tax / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
42
B.
Employment (Labor and Social Security) / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
43
C.
Commercial Law (Corporate and Contracts) / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
44
D.
Environmental Issues / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
45
2.04.
Representations, Warranties and Indemnities / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
46
2.05.
Competition Law / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
47
ch. 3
Commercial Contracts / Adolpho Julio Camargo de Carvalho, Natalia Parmigiani Merlussi, Antônio José Mattos Morello
49
3.01.
General Aspects / Evy Cynthia Marques, Neil Montgomery
49
A.
Main Principles / Evy Cynthia Marques, Neil Montgomery
49
B.
Formation / Evy Cynthia Marques, Neil Montgomery
50
C.
Preliminary Contracts / Evy Cynthia Marques, Neil Montgomery
52
D.
Novation, Assignment of Credit and Assumption of Debt / Evy Cynthia Marques, Neil Montgomery
52
E.
Validity / Evy Cynthia Marques, Neil Montgomery
53
F.
Termination / Evy Cynthia Marques, Neil Montgomery
53
G.
Governing Law / Evy Cynthia Marques, Neil Montgomery
54
H.
Jurisdiction / Evy Cynthia Marques, Neil Montgomery
54
I.
Dispute Resolution / Evy Cynthia Marques, Neil Montgomery
55
J.
Language / Evy Cynthia Marques, Neil Montgomery
56
K.
Representation / Evy Cynthia Marques, Neil Montgomery
56
L.
Set-Off / Evy Cynthia Marques, Neil Montgomery
56
M.
Damages / Evy Cynthia Marques, Neil Montgomery
57
N.
Penalty Clauses / Evy Cynthia Marques, Neil Montgomery
57
O.
Limitation of Liability / Evy Cynthia Marques, Neil Montgomery
57
P.
Statute of Limitations / Evy Cynthia Marques, Neil Montgomery
58
3.02.
Specific Agreements / Evy Cynthia Marques, Neil Montgomery
58
A.
Purchase and Sale Agreements / Evy Cynthia Marques, Neil Montgomery
58
1.
Characteristics / Evy Cynthia Marques, Neil Montgomery
58
2.
Capacity and Legitimacy / Evy Cynthia Marques, Neil Montgomery
59
3.
Essential Elements / Evy Cynthia Marques, Neil Montgomery
59
4.
Obligations of Purchaser and Seller / Evy Cynthia Marques, Neil Montgomery
61
5.
Special Clauses / Evy Cynthia Marques, Neil Montgomery
61
a.
Sale with a Right of Redemption / Evy Cynthia Marques, Neil Montgomery
61
b.
Sale on Approval and Thal Sales / Evy Cynthia Marques, Neil Montgomery
62
c.
Pre-emption or Preference / Evy Cynthia Marques, Neil Montgomery
62
d.
Sale with Title Retention / Evy Cynthia Marques, Neil Montgomery
62
e.
Sale by Documents / Evy Cynthia Marques, Neil Montgomery
63
6.
International Purchase and Sale Agreements / Evy Cynthia Marques, Neil Montgomery
63
B.
Distribution Agreements/Agency Agreements / Evy Cynthia Marques, Neil Montgomery
65
1.
Competition Aspects / Evy Cynthia Marques, Neil Montgomery
71
C.
Commercial Concession / Evy Cynthia Marques, Neil Montgomery
72
D.
Service Agreements / Neil Montgomery Evy Cynthia Marques
74
E.
Loan Agreements / Neil Montgomery Evy Cynthia Marques
76
1.
Foreign Loans/Exchange Control / Neil Montgomery Evy Cynthia Marques
76
F.
Online/Website Contracts / Neil Montgomery Evy Cynthia Marques
77
1.
Brazilian Consumer Protection Code / Neil Montgomery Evy Cynthia Marques
77
2.
Arbitration Clauses in Adhesion Agreements vis-à-vis Brazilian Law / Neil Montgomery Evy Cynthia Marques
77
3.
Brazilian Legal Framework for the Internet / Neil Montgomery Evy Cynthia Marques
78
4.
Data Protection / Evy Cynthia Marques, Neil Montgomery
78
ch. 4
Financing and Investment in Infrastructure in Brazil / Neil Montgomery Evy Cynthia Marques
81
4.01.
Introduction / Mauricio Teixeira dos Santos
81
4.02.
Foreign Exchange Aspects / Mauricio Teixeira dos Santos
83
A.
General Overview of Foreign Exchange Regulations / Mauricio Teixeira dos Santos
83
B.
Cross-Border Credit Transactions / Mauricio Teixeira dos Santos
86
1.
Cross-Border Loans / Mauricio Teixeira dos Santos
86
2.
Cross-Border Leasing / Mauricio Teixeira dos Santos
87
3.
Other Cross-Border Credit Transactions / Mauricio Teixeira dos Santos
88
4.
Cross-Border Credit Transactions with the Public Sector / Mauricio Teixeira dos Santos
89
5.
Cross-Border Derivative Transactions / Mauricio Teixeira dos Santos
90
C.
Foreign Direct Investment in Brazil / Mauricio Teixeira dos Santos
90
D.
Foreign Investments in the Financial and Capital Markets / Mauricio Teixeira dos Santos
91
4.03.
Regulatory Overview / Mauricio Teixeira dos Santos
93
A.
General Aspects / Mauricio Teixeira dos Santos
93
B.
Regulatory Agencies / Mauricio Teixeira dos Santos
95
C.
Concessions / Mauricio Teixeira dos Santos
98
1.
Public Service Concession / Mauricio Teixeira dos Santos
99
2.
Public Asset Use Concession / Mauricio Teixeira dos Santos
104
3.
In Rem Rights Use Concession / Mauricio Teixeira dos Santos
105
4.
Public Private Partnerships / Mauricio Teixeira dos Santos
105
D.
Authorizations and Permissions / Mauricio Teixeira dos Santos
108
E.
Leases / Mauricio Teixeira dos Santos
110
F.
Production-Sharing Regime for Petroleum and Natural Gas Development / Mauricio Teixeira dos Santos
110
4.04.
Contractual Aspects Applicable to Infrastructure Financing / Mauricio Teixeira dos Santos
112
A.
General Aspects / Mauricio Teixeira dos Santos
112
1.
Law Applicable to International Contracts / Mauricio Teixeira dos Santos
112
2.
Dispute Resolution in Cross-Border Contracts / Mauricio Teixeira dos Santos
113
B.
Guarantees / Mauricio Teixeira dos Santos
115
1.
In Rem Guarantees / Mauricio Teixeira dos Santos
116
a.
General Overview Applicable to Types of In Rem Guarantees / Mauricio Teixeira dos Santos
116
b.
In Rem Guarantees over Personal Property / Mauricio Teixeira dos Santos
119
i.
General Overview / Mauricio Teixeira dos Santos
119
ii.
Shares and Quotas / Mauricio Teixeira dos Santos
123
iii.
Credit Rights and Bank Accounts / Mauricio Teixeira dos Santos
124
iv.
Concession Emerging Rights / Mauricio Teixeira dos Santos
125
v.
Other Chattels and Personal Property / Mauricio Teixeira dos Santos
126
c.
Guarantees over Real Estate Assets / Mauricio Teixeira dos Santos
126
2.
Personal (In Personam) Guarantees / Mauricio Teixeira dos Santos
128
3.
Performance Bonds, Bid Bonds and Credit Insurance / Mauricio Teixeira dos Santos
130
4.
Step-In Rights and Conditional Assignment of Agreements / Mauricio Teixeira dos Santos
131
5.
Equity Support Agreements and Comfort Letters / Mauricio Teixeira dos Santos
133
6.
Governmental Guarantee Funds / Mauricio Teixeira dos Santos
133
4.05.
Fiscal Incentives for Infrastructure Projects in Brazil / Mauricio Teixeira dos Santos
134
ch. 5
Taxation / Mauricio Teixeira dos Santos
137
5.01.
Taxation on Individuals / Ana Claudia Akie Utumi
138
A.
General Rule / Ana Claudia Akie Utumi
138
B.
Taxation on Capital Gains / Ana Claudia Akie Utumi
139
C.
Taxation on Succession / Ana Claudia Akie Utumi
140
1.
Donations / Ana Claudia Akie Utumi
140
2.
Causa Mortis Succession / Ana Claudia Akie Utumi
140
D.
Taxation on Investments Outside Brazil / Ana Claudia Akie Utumi
141
1.
Investments through Offshore Companies / Ana Claudia Akie Utumi
142
2.
Investments x Trusts / Ana Claudia Akie Utumi
143
5.02.
Corporate Taxation / Ana Claudia Akie Utumi
144
A.
Main Taxes Levied on Brazilian Companies / Ana Claudia Akie Utumi
145
B.
Taxation on Revenues / Ana Claudia Akie Utumi
145
C.
Taxation on Products and Services / Ana Claudia Akie Utumi
146
1.
Excise Tax on Manufactured Products-IPI / Ana Claudia Akie Utumi
146
2.
State Value-Added Tax-ICMS / Ana Claudia Akie Utumi
146
3.
ICMS and Tax War among Brazilian States / Ana Claudia Akie Utumi
147
4.
Municipal Tax on Services-ISS / Ana Claudia Akie Utumi
149
D.
Taxation on Imported Products and Services / Ana Claudia Akie Utumi
149
1.
Importation Tax / Ana Claudia Akie Utumi
149
2.
IPI on Importation of Manufactured Products / Ana Claudia Akie Utumi
149
3.
ICMS on Importation / Ana Claudia Akie Utumi
150
4.
PIS/COFINS-Importation / Ana Claudia Akie Utumi
150
E.
Taxation on Profits / Ana Claudia Akie Utumi
150
5.03.
Brazilian Companies and International Tax Matters / Ana Claudia Akie Utumi
152
A.
Taxation on Income and Gains Obtained Outside Brazil / Ana Claudia Akie Utumi
152
B.
Taxation on Profits Obtained through Branches, Controlled or Related Companies Outside Brazil / Ana Claudia Akie Utumi
152
C.
Thin Capitalization Rules / Ana Claudia Akie Utumi
154
D.
Transfer Pricing / Ana Claudia Akie Utumi
157
1.
Transfer Pricing on Importation / Ana Claudia Akie Utumi
158
2.
Transfer Pricing on Exports / Ana Claudia Akie Utumi
159
3.
Transactions with Commodities / Ana Claudia Akie Utumi
159
4.
Financial Transfer Pricing / Ana Claudia Akie Utumi
160
5.04.
Royalties and Technical Assistance / Ana Claudia Akie Utumi
160
A.
Municipal Tax on Services / Ana Claudia Akie Utumi
161
B.
CIDE/Royalties / Ana Claudia Akie Utumi
161
C.
PIS-Importation and COFINS-Importation / Ana Claudia Akie Utumi
162
D.
Deduction of Royalties Expenses / Ana Claudia Akie Utumi
163
5.05.
Taxation on Financial and Capital Markets / Ana Claudia Akie Utumi
163
A.
Local Investments / Ana Claudia Akie Utumi
163
1.
Fixed Yield Investments / Ana Claudia Akie Utumi
163
2.
Swap Transactions / Ana Claudia Akie Utumi
164
3.
Variable Yield Investments / Ana Claudia Akie Utumi
165
4.
Investments in Funds / Ana Claudia Akie Utumi
165
a.
Portfolio of the Funds / Ana Claudia Akie Utumi
165
b.
Classification of the Funds for Tax Purposes / Ana Claudia Akie Utumi
165
c.
Applicable Withholding Income Tax Rates / Ana Claudia Akie Utumi
166
5.06.
Inbound Investments / Ana Claudia Akie Utumi
166
A.
Taxes that Impact the Investments in Brazilian Financial and Capital Markets / Ana Claudia Akie Utumi
166
1.
Withholding Income Tax / Ana Claudia Akie Utumi
166
2.
Tax on Foreign Exchange Transactions / Ana Claudia Akie Utumi
166
B.
Equity Investments and Taxation on M&A Transactions / Ana Claudia Akie Utumi
167
1.
Direct Investments / Ana Claudia Akie Utumi
167
a.
Inflow of Funds / Ana Claudia Akie Utumi
167
b.
Remuneration of Equity Investors / Ana Claudia Akie Utumi
167
c.
Capital Gains upon Sale of Equity Participation / Ana Claudia Akie Utumi
168
d.
Indirect Sale / Ana Claudia Akie Utumi
168
2.
Investments / Ana Claudia Akie Utumi
168
3.
FIP Investments-Brazilian Private Equity Funds / Ana Claudia Akie Utumi
169
C.
Debt Investments / Ana Claudia Akie Utumi
170
1.
Direct Loan / Ana Claudia Akie Utumi
170
2.
Investment in Debt Instruments / Ana Claudia Akie Utumi
171
3.
Investments in Brazilian Governmental Bonds / Ana Claudia Akie Utumi
171
4.
Investment in Funds and Derivatives / Ana Claudia Akie Utumi
171
a.
Hedging Transactions / Ana Claudia Akie Utumi
171
5.07.
Outbound Investments / Ana Claudia Akie Utumi
172
A.
Financial Investments / Ana Claudia Akie Utumi
172
B.
Derivatives Outside Brazil / Ana Claudia Akie Utumi
172
5.08.
Other Brazilian Important Taxes / Ana Claudia Akie Utumi
173
A.
Taxes on Property / Ana Claudia Akie Utumi
173
B.
Special Taxes on Certain Economic Fields / Ana Claudia Akie Utumi
173
C.
Other Brazilian Taxes / Ana Claudia Akie Utumi
174
1.
Tax on Credit Transactions / Ana Claudia Akie Utumi
174
2.
Tax on Insurance Transactions-IOF/Insurance / Ana Claudia Akie Utumi
174
3.
Tax on Foreign Exchange Transactions-IOF/FX / Ana Claudia Akie Utumi
175
4.
Tax on Transactions with Bonds and Securities (IOF/Securities) / Ana Claudia Akie Utumi
175
ch. 6
Capital Markets and Securities in Brazil / Ana Claudia Akie Utumi
177
6.01.
Introduction / Jean Marcel Arakawa
177
6.02.
Legal, Regulatory and Self-Regulatory Framework / Jean Marcel Arakawa
178
6.03.
Concept of Securities / Jean Marcel Arakawa
178
6.04.
Issuers of Public Securities / Jean Marcel Arakawa
179
A.
Registration of Issuers of Equity and Debt Securities / Jean Marcel Arakawa
179
B.
Stock Exchange Listing Requirements / Jean Marcel Arakawa
182
1.
Special Listing Requirements / Jean Marcel Arakawa
182
a.
Novo Mercado Listing Requirements / Jean Marcel Arakawa
182
b.
Level 2 and Level 1 Listing Requirements / Jean Marcel Arakawa
184
c.
BOVESPA Mais Listing Requirements / Jean Marcel Arakawa
185
d.
BOVESPA Mais Nivel 2 Listing Requirements / Jean Marcel Arakawa
185
6.05.
Public Offerings / Jean Marcel Arakawa
186
A.
General Overview of Public Offerings / Jean Marcel Arakawa
186
B.
Follow-on Offerings / Jean Marcel Arakawa
194
C.
Public Offerings of Debt Securities, Interests in Investment Funds and Asset-Backed Securities / Jean Marcel Arakawa
195
D.
Exemption from Registration Requirements or from Registration / Jean Marcel Arakawa
196
E.
Public Offerings with Restricted Selling Efforts / Jean Marcel Arakawa
196
F.
Private Placements of Securities / Jean Marcel Arakawa
197
6.06.
Tender Offers / Jean Marcel Arakawa
198
A.
General Aspects of Tender Offers / Jean Marcel Arakawa
199
A.
Delisting Tender Offers / Jean Marcel Arakawa
199
C.
Competing Tender Offers / Jean Marcel Arakawa
201
D.
Certain Aspects Related to Acquisition of Control of a Brazilian Corporation / Jean Marcel Arakawa
201
E.
Voluntary Tender Offer for Acquisition of Control / Jean Marcel Arakawa
202
F.
Tag-Along Tender Offer / Jean Marcel Arakawa
203
G.
Particular Aspects for a Tag Along Tender Offer for Level 2 and Novo Mercado Listed Companies / Jean Marcel Arakawa
203
H.
Particular Aspects for a Tender Offer for Level 1 Listed Companies / Jean Marcel Arakawa
204
6.07.
Conclusion / Jean Marcel Arakawa
205
ch. 7
Intellectual Property / Jean Marcel Arakawa
207
7.01.
Introduction / Tatiana Campello Esther Lins Lima
207
A.
International Treaties and Bilateral Treaties in Force in Brazil Related to Intellectual Property / Tatiana Campello Esther Lins Lima
207
B.
Paris Convention for the Protection of Industrial Property / Tatiana Campello Esther Lins Lima
207
C.
Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) / Tatiana Campello Esther Lins Lima
208
D.
Berne Convention for the Protection of Literary and Artistic Works / Tatiana Campello Esther Lins Lima
208
E.
Universal Copyright Convention / Tatiana Campello Esther Lins Lima
208
F.
Patent Cooperation Treaty (PCT) / Tatiana Campello Esther Lins Lima
208
G.
Nairobi Treaty on the Protection of the Olympic Symbol / Tatiana Campello Esther Lins Lima
209
H.
International Union for the Protection of New Varieties of Plants (UPOV) / Tatiana Campello Esther Lins Lima
209
7.02.
Intellectual Property / Tatiana Campello Esther Lins Lima
209
A.
Trademarks / Tatiana Campello Esther Lins Lima
209
1.
Definition / Tatiana Campello Esther Lins Lima
209
2.
Brazilian System and Exceptions / Tatiana Campello Esther Lins Lima
210
3.
Who May Apply for a Trademark Registration / Tatiana Campello Esther Lins Lima
210
4.
Validity / Tatiana Campello Esther Lins Lima
210
5.
Rights Granted to the Holders / Tatiana Campello Esther Lins Lima
210
6.
Principle of Specialty and Well-Known Trademarks / Tatiana Campello Esther Lins Lima
211
7.
Priority Claim / Tatiana Campello Esther Lins Lima
211
8.
Registration Process / Tatiana Campello Esther Lins Lima
212
9.
Administrative and Judicial Nullity / Tatiana Campello Esther Lins Lima
212
10.
Loss of Rights / Tatiana Campello Esther Lins Lima
212
11.
Crimes Against Trademarks / Tatiana Campello Esther Lins Lima
213
B.
Trade Names / Tatiana Campello Esther Lins Lima
213
1.
Definition / Tatiana Campello Esther Lins Lima
213
2.
Protection Given and Procedure / Tatiana Campello Esther Lins Lima
213
3.
Action for Annulment and Cancellation of Trade Name / Tatiana Campello Esther Lins Lima
214
4.
Conflict between Trade Name and Trademark / Tatiana Campello Esther Lins Lima
214
C.
Trade Secrets / Tatiana Campello Esther Lins Lima
214
1.
Legal Protection for Trade Secrets in Brazil / Tatiana Campello Esther Lins Lima
214
D.
Patents / Tatiana Campello Esther Lins Lima
216
1.
Definition / Tatiana Campello Esther Lins Lima
216
2.
Types of Patentability Requirements / Tatiana Campello Esther Lins Lima
217
3.
What Is Not Patentable / Tatiana Campello Esther Lins Lima
217
4.
Validity / Tatiana Campello Esther Lins Lima
218
5.
Ownership / Tatiana Campello Esther Lins Lima
218
6.
Priority Right / Tatiana Campello Esther Lins Lima
219
7.
Administrative Procedure and Examination of the Patent Application / Tatiana Campello Esther Lins Lima
219
8.
Protection Granted by a Patent / Tatiana Campello Esther Lins Lima
220
9.
Certificate of Addition / Tatiana Campello Esther Lins Lima
220
10.
Administrative Annulment and Patent Cancellation Action / Tatiana Campello Esther Lins Lima
220
11.
Patent Expiration / Tatiana Campello Esther Lins Lima
221
E.
Industrial Designs / Tatiana Campello Esther Lins Lima
221
1.
Concept / Tatiana Campello Esther Lins Lima
221
2.
Registration Procedure / Tatiana Campello Esther Lins Lima
222
3.
Validity / Esther Lins Lima, Tatiana Campello
222
4.
Five-Year Considerations and Extensions / Tatiana Campello Esther Lins Lima
222
5.
Ownership / Esther Lins Lima, Tatiana Campello
222
6.
Rights Resulting from the Registration / Esther Lins Lima, Tatiana Campello
223
7.
Administrative Proceeding/Action for Nullity / Esther Lins Lima, Tatiana Campello
223
8.
End of the Registration Period / Esther Lins Lima, Tatiana Campello
223
F.
Geographical Indications / Tatiana Campello Esther Lins Lima
224
1.
Overview / Tatiana Campello Esther Lins Lima
224
2.
Definition / Tatiana Campello Esther Lins Lima
224
3.
Application and Registration / Tatiana Campello Esther Lins Lima
224
4.
Crimes against Geographical Indications / Tatiana Campello Esther Lins Lima
225
G.
Topography of Integrated Circuits / Tatiana Campello Esther Lins Lima
227
1.
Concept / Tatiana Campello Esther Lins Lima
227
2.
Registration Procedure / Tatiana Campello Esther Lins Lima
227
3.
Term of Protection / Tatiana Campello Esther Lins Lima
228
4.
Ownership / Tatiana Campello Esther Lins Lima
228
5.
Rights Resulting from the Registration / Tatiana Campello Esther Lins Lima
229
6.
End of the Registration Period / Tatiana Campello Esther Lins Lima
229
H.
Copyright / Tatiana Campello Esther Lins Lima
229
I.
Image Rights / Tatiana Campello Esther Lins Lima
232
1.
Overview / Tatiana Campello Esther Lins Lima
232
2.
Legal Protection and Limitations / Tatiana Campello Esther Lins Lima
232
3.
Characteristics / Tatiana Campello Esther Lins Lima
233
4.
Violation / Tatiana Campello Esther Lins Lima
233
J.
Software / Tatiana Campello Esther Lins Lima
234
K.
Domain Names / Tatiana Campello Esther Lins Lima
235
1.
Brazilian System / Tatiana Campello Esther Lins Lima
235
2.
Non-registrable Domain Names / Tatiana Campello Esther Lins Lima
236
3.
Brazilian System of Dispute Resolution (SACI: Adm) / Tatiana Campello Esther Lins Lima
236
4.
Internet Civil Landmark / Tatiana Campello Esther Lins Lima
236
L.
Plant Variety / Tatiana Campello Esther Lins Lima
237
1.
Brazilian Plant Varieties Protection Law / Tatiana Campello Esther Lins Lima
237
2.
Definition / Tatiana Campello Esther Lins Lima
238
3.
Applicants / Tatiana Campello Esther Lins Lima
238
4.
Scope of Protection / Tatiana Campello Esther Lins Lima
239
5.
Priority / Tatiana Campello Esther Lins Lima
239
6.
Term of Protection / Tatiana Campello Esther Lins Lima
239
7.
Cancellation / Tatiana Campello Esther Lins Lima
239
8.
Compulsory License / Tatiana Campello Esther Lins Lima
240
9.
Penalties / Tatiana Campello Esther Lins Lima
240
7.03.
Research and Development / Tatiana Campello Esther Lins Lima
240
A.
Context / Tatiana Campello Esther Lins Lima
240
B.
Incentives to R&D Activity in Brazil / Tatiana Campello Esther Lins Lima
241
7.04.
Unfair Competition / Tatiana Campello Esther Lins Lima
242
7.05.
Technology Transfer Agreements / Tatiana Campello Esther Lins Lima
245
A.
Agreements Subject to Registration or Recordation by INPI / Tatiana Campello Esther Lins Lima
246
B.
INPI's Role in Technology Transfer Agreements and the Effects of the Agreement / Esther Lins Lima, Tatiana Campello
247
C.
Assignment of Rights / Tatiana Campello Esther Lins Lima
249
D.
Assignment of Trademarks / Tatiana Campello Esther Lins Lima
249
E.
Assignment of Patents / Tatiana Campello Esther Lins Lima
250
F.
Industrial Design / Tatiana Campello Esther Lins Lima
250
G.
Recordation / Tatiana Campello Esther Lins Lima
250
H.
Licenses / Tatiana Campello Esther Lins Lima
251
I.
Compulsory License / Tatiana Campello Esther Lins Lima
252
J.
Technology Supply / Tatiana Campello Esther Lins Lima
253
K.
Remuneration / Tatiana Campello Esther Lins Lima
254
1.
Trademark License / Tatiana Campello Esther Lins Lima
254
2.
Patent License / Tatiana Campello Esther Lins Lima
255
3.
Supply of Technology / Tatiana Campello Esther Lins Lima
255
L.
Technical Assistance Agreements / Tatiana Campello Esther Lins Lima
256
M.
Franchise / Tatiana Campello Esther Lins Lima
256
ch. 8
Dispute Resolution / Tatiana Campello Esther Lins Lima
259
8.01.
Overview / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
259
8.02.
Rule of Law / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
260
A.
Brazilian Political System / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
260
1.
Horizontal Division: Legislative, Executive and Judiciary Branches / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
260
a.
Legislative Branch / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
260
b.
Executive Branch / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
261
c.
Judiciary Branch / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
262
2.
Vertical Division: Federative Units / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
263
B.
Hierarchy of Laws / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
264
C.
Sources of Law / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
266
D.
Federal Constitution / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
267
8.03.
Conflict of Law Rules and Jurisdictional Rules / Fernanda Marques Dal Mas, Gilberto Giusti Ricardo Dalmaso Marques
268
A.
Elements of Connection / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
268
1.
Domicile / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
268
2.
Situation of Assets / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
269
3.
Place / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
269
4.
Place of Incorporation / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
270
B.
Choice of Law / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
270
C.
Choice of Forum / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
271
D.
International Lis Pendens and Res Judicata / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
273
E.
Letters Rogatory and Jurisdictional Cooperation / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
273
8.04.
Judiciary System / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
274
A.
Structure / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
274
1.
Common Jurisdiction / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
276
2.
Specialized Jurisdiction / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
276
3.
Superior Court of Justice / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
277
4.
Federal Supreme Court / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
277
B.
Civil Court Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
277
1.
Classification of Actions or Reliefs / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
281
2.
Duties and Powers of the Courts / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
282
3.
Ordinary Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
283
a.
Commencement of the Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
283
b.
Service of Process / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
284
c.
Defense in the Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
284
d.
Rules of Evidence: Evidentiary Stage / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
285
e.
Advance Relief, Provisional Remedy or Proceedings and Award / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
287
f.
Appeals / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
287
4.
Summary Proceedings / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
289
5.
Small Courts / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
289
6.
Precautionary Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
289
7.
Enforcement Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
290
8.
Costs and Fees / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
291
9.
Representation in Court / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
292
8.05.
Arbitration / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
292
A.
Historical Approach: Legal Development / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
293
1.
Previous Regimes / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
293
2.
Brazilian Arbitration Law: September 1996 / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
295
3.
Brazilian Arbitration Law Ruled Constitutional: 2001 / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
295
4.
International Conventions and Treaties Ratified / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
296
5.
Favorable Position Adopted by the Brazilian Legislator / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
297
B.
Legal Framework: Definition and Scope / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
300
C.
Arbitration Agreement / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
301
D.
Arbitrability / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
302
E.
Effects of the Arbitration Agreement / Ricardo Dalmaso Marques, Gilberto Giusti Fernanda Marques Dal Mas
305
1.
Positive Effect / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
305
2.
Negative Effect / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
306
3.
Kompetenz-Kompetenz and Separability Principles / Ricardo Dalmaso Marques, Fernanda Marques Dal Mas, Gilberto Giusti
306
F.
Applicable Law / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
307
G.
Arbitral Tribunal / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
307
H.
Arbitration Proceedings / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
309
1.
Interim and Urgent Matters / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
310
2.
Production of Evidence / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
311
3.
Consolidation of Proceedings and Joining Third Parties / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
311
4.
Confidentiality / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
312
I.
Arbitral Award / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
313
J.
Challenge of the Award / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
314
K.
Arbitral Institutions / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
316
L.
Timeframe and Costs / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
318
M.
Judicial Support / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
318
N.
Arbitration on Corporate Matters / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
319
O.
Investment Arbitration / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
320
8.06.
Enforcement of Foreign Court Judgments and Foreign Arbitral Awards in Brazil / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
322
8.07.
Mediation / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
323
ch. 9
Real Estate Investments / Gilberto Giusti Ricardo Dalmaso Marques, Fernanda Marques Dal Mas
325
9.01.
Overview / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
325
A.
Common Structures / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
326
B.
Institutional Investors / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
327
C.
Private Investors / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
327
9.02.
Legal System / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
327
A.
Real Estate Legislation / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
327
B.
Title to Real Estate / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
328
1.
Title and Registers / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
328
2.
Evidencing Title / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
328
3.
Information in the Public Register / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
328
4.
Protection from Disclosure / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
329
5.
State Guarantee of Title / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
329
6.
Tenure / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
330
9.03.
Purchase of Real Estate in Brazil / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
330
A.
Pre-contractual Arrangements / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
330
B.
Sale Contract / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
331
C.
Binding Effect / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
331
D.
Registration / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
331
E.
Seller's Liability to the Buyer / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
331
F.
Legal Due Diligence Process for the Acquisition of Real Estate / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
332
G.
Sellers' Warranties / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
332
H.
Inheriting Liability / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
332
I.
Retention of Liability after Disposal / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
333
J.
Seller and Buyer Costs / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
333
K.
Compulsory Purchases / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
333
L.
Taxation / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
334
9.04.
Security Interests / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
334
9.05.
Other Property Rights with Respect to Real Estate / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
335
A.
Surface Right (Direito de Superficie) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
335
1.
Payment for the Surface Right / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
335
2.
Taxes and Expenses Related to the Real Estate / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
335
3.
Term / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
335
4.
Termination / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
336
5.
Right of First Refusal / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
336
6.
Formalities / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
336
B.
Easement (Seruiddo) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
336
C.
Usufruct (Usufruto) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
337
9.06.
Regulation on Real Estate Development / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
337
A.
Real Estate Development (Incotporacdo) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
337
1.
Developer / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
338
2.
Segregate Estate (Patrimonio de Afetacao) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
338
B.
Co-ownership: Horizontal and Vertical Condominiums / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
338
1.
Condominium By-laws / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
339
2.
Internal Regulations / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
339
C.
Land Parceling (Loteamento) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
339
9.07.
Construction: Licenses and Permits / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
340
A.
Construction Permit / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
340
B.
Operating Permit / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
341
C.
Diversity of Technical Rules for Each City / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
341
9.08.
Lease (Locaccio) / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
341
A.
Urban Lease Law / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
341
1.
Renewal / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
341
2.
Early Termination / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
342
3.
Rent Amount / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
342
4.
Adjustment of the Rent / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
342
5.
Right of First Refusal / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
343
6.
Effectiveness of the Lease Agreement / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
343
B.
Civil Code Lease Rules and Non-typical Lease Agreements / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
343
1.
Build-to-Suit / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
343
2.
Sale-Leaseback / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
344
9.09.
Shopping Center / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
344
9.10.
Real Estate Finance and Investments / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
345
9.11.
Securitization of Real Estate Receivables / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
345
A.
Main Aspects of the CRI / Rossana Fernandes Duarte, Bruno Mastriani Simões Tuca
346
B.
Public Distribution of CRI / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
346
C.
Real Estate Credits / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
347
D.
Fiduciary Regime / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
348
E.
Trustee / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
348
9.12.
Real Estate Investment Funds / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
349
A.
General Aspects of Investment Funds / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
349
B.
Key Features of Real Estate Investment Funds / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
350
1.
Administration / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
351
2.
Organization and Operation / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
352
3.
Investment Policy / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
353
4.
Shares / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
354
C.
Investment of Funds by a Foreign Investor / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
356
9.13.
Agribusiness / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
357
A.
Social Destination of the Property / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
357
B.
Restrictions on Foreign Ownership or Occupation / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
357
C.
Border Zone Rural Real Estate (faixa de fronteira) / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
358
D.
Update of INCRA's Enrollment / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
358
E.
Use of Public Areas / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
359
F.
Applicable Rental Law / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
359
1.
Rural Lease Agreement / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
359
2.
Rural Partnership Agreement / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
360
G.
Local Communities Issues / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
360
1.
Indigenous Lands / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
361
2.
Slave Descendants' Communities / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
361
ch. 10
Environmental Legislation / Bruno Mastriani Simões Tuca, Rossana Fernandes Duarte
363
10.01.
Brazilian Environmental Policy / Roberta Danelon Leonhardt
364
A.
Objects and Principles / Roberta Danelon Leonhardt
366
B.
Instruments / Roberta Danelon Leonhardt
367
C.
Bodies / Roberta Danelon Leonhardt
370
10.02.
Licensing of Activities / Roberta Danelon Leonhardt
371
A.
General Rules / Roberta Danelon Leonhardt
373
1.
Preliminary License / Roberta Danelon Leonhardt
374
2.
Installation License / Roberta Danelon Leonhardt
377
3.
Operation License / Roberta Danelon Leonhardt
377
B.
Terms / Roberta Danelon Leonhardt
378
C.
Environmental Licensing Process in the State of Rio de Janeiro / Roberta Danelon Leonhardt
378
10.03.
Environmental Liability / Roberta Danelon Leonhardt
381
A.
Environmental Civil Liability / Roberta Danelon Leonhardt
381
B.
Criminal Liability / Roberta Danelon Leonhardt
384
C.
Administrative Liability / Roberta Danelon Leonhardt
385
D.
Liabilities of the Shareholders / Roberta Danelon Leonhardt
386
E.
Land Contamination and the Three Spheres of Environmental Liability / Roberta Danelon Leonhardt
387
10.04.
Environment and Financial Institutions / Roberta Danelon Leonhardt
390
A.
Socio-Environmental Voluntary Initiatives Related to the Financial Institutions / Roberta Danelon Leonhardt
390
B.
Project Finance and the Environmental Aspects / Roberta Danelon Leonhardt
395
C.
Environmental Liability of the Financial Institutions / Roberta Danelon Leonhardt
396
10.05.
New Brazilian Forest Code / Roberta Danelon Leonhardt
399
A.
APPs / Roberta Danelon Leonhardt
399
B.
Legal Reserve / Roberta Danelon Leonhardt
399
10.06.
Climate Change / Roberta Danelon Leonhardt
401
A.
United Nations Framework Convention on Climate Change / Roberta Danelon Leonhardt
401
B.
Kyoto Protocol and Clean Development Mechanism / Roberta Danelon Leonhardt
401
1.
Brazilian Participation in the Clean Development Mechanism / Roberta Danelon Leonhardt
402
C.
Non-Kyoto Carbon Market / Roberta Danelon Leonhardt
402
D.
Brazilian Policy on Climate Change / Roberta Danelon Leonhardt
403
E.
Some Controversial Issues of the Brazilian Climate Change Law / Roberta Danelon Leonhardt
404
1.
Legal Nature of CERs / Roberta Danelon Leonhardt
404
2.
CER Ownership / Roberta Danelon Leonhardt
405
3.
Tax Implications of CERs Transactions / Roberta Danelon Leonhardt
406
ch. 11
Labor Law in Brazil / Roberta Danelon Leonhardt
407
11.01.
Overview / Nelson Mannrich Andre Ribeiro
407
11.02.
Hiring Procedures and Employment Agreements / Nelson Mannrich Andre Ribeiro
408
A.
Written Contracts / Nelson Mannrich Andre Ribeiro
409
B.
Fixed Term versus Open Term / Nelson Mannrich Andre Ribeiro
409
C.
Part-Time Employment / Nelson Mannrich Andre Ribeiro
411
D.
Apprentices/Disabled Persons Mandatory Quota / Nelson Mannrich Andre Ribeiro
411
11.03.
Salary, Compensation and Benefits / Nelson Mannrich Andre Ribeiro
411
A.
Fixed versus Variable Compensation / Nelson Mannrich Andre Ribeiro
411
B.
Other Benefits / Nelson Mannrich Andre Ribeiro
412
C.
Accrued Severance Pay Fund-FGTS / Nelson Mannrich Andre Ribeiro
413
D.
Stock Options / Nelson Mannrich Andre Ribeiro
414
E.
Profit Sharing Plans / Nelson Mannrich Andre Ribeiro
415
F.
Fringe Benefits / Nelson Mannrich Andre Ribeiro
415
G.
Pension Plan / Nelson Mannrich Andre Ribeiro
416
11.04.
Employment Individual Relations / Nelson Mannrich Andre Ribeiro
417
A.
Working Hours / Nelson Mannrich Andre Ribeiro
417
1.
Working Hours Control / Nelson Mannrich Andre Ribeiro
418
2.
Weekly Paid Rest / Nelson Mannrich Andre Ribeiro
418
3.
Mandatory Rest Periods / Nelson Mannrich Andre Ribeiro
418
4.
Night Shift / Nelson Mannrich Andre Ribeiro
420
5.
Exempt Employees / Nelson Mannrich Andre Ribeiro
420
B.
Vacation / Andre Ribeiro Nelson Mannrich
420
C.
Acquired Right Doctrine and Restrictions to Change Terms and Conditions / Nelson Mannrich Andre Ribeiro
422
1.
Alternatives to Reduce Costs without the Participation of the Labor Union / Nelson Mannrich Andre Ribeiro
422
2.
Alternatives with the Participation of the Labor Union (Collective Negotiation) / Nelson Mannrich Andre Ribeiro
423
D.
Health and Safety Regulations / Nelson Mannrich Andre Ribeiro
423
E.
Dangerous and Hazardous Work Premiums / Nelson Mannrich Andre Ribeiro
424
F.
Sick Leaves and Other Causes for Suspension of Employment / Nelson Mannrich Andre Ribeiro
424
G.
Non-compete and Non-soliciting Covenants / Nelson Mannrich Andre Ribeiro
425
H.
Non-employee Officers/Directors (Administrador) / Nelson Mannrich Andre Ribeiro
426
11.05.
Labor Corporate Group / Nelson Mannrich Andre Ribeiro
427
11.06.
Labor Liabilities in Transfer of Undertakings / Nelson Mannrich Andre Ribeiro
428
11.07.
Labor Aspects Arising from an Acquisition of Assets / Nelson Mannrich Andre Ribeiro
429
A.
Succession of Employers, Related Clauses in SPA/QPA / Nelson Mannrich Andre Ribeiro
429
B.
Formal Procedures to Transfer of Undertakings / Nelson Mannrich Andre Ribeiro
430
11.08.
Labor Aspects of Outsourcing in Brazil / Nelson Mannrich Andre Ribeiro
431
A.
Sales Agency Agreements / Nelson Mannrich Andre Ribeiro
432
11.09.
Terminating Employment Relationships in Brazil / Nelson Mannrich Andre Ribeiro
433
A.
Severance Payment Deadlines / Nelson Mannrich Andre Ribeiro
435
B.
Disciplinary Procedures / Andre Ribeiro Nelson Mannrich
435
C.
Prior Notice / Nelson Mannrich Andre Ribeiro
436
D.
Waivers / Nelson Mannrich Andre Ribeiro
436
E.
Lay-offs / Nelson Mannrich Andre Ribeiro
437
F.
Unlawful Termination and Discrimination / Nelson Mannrich Andre Ribeiro
437
G.
Job Tenures / Nelson Mannrich Andre Ribeiro
439
H.
Statute of Limitations / Nelson Mannrich Andre Ribeiro
439
11.10.
Labor Unions and Collective Bargaining Agreements / Nelson Mannrich Andre Ribeiro
440
A.
Suspension of Employment for Training / Nelson Mannrich Andre Ribeiro
440
B.
Overtime Off-setting Schemes-"Time Bank" Schemes / Nelson Mannrich Andre Ribeiro
441
C.
Strikes / Nelson Mannrich Andre Ribeiro
442
D.
Work Councils and Board Representation / Nelson Mannrich Andre Ribeiro
443
11.11.
Foreign Employees / Nelson Mannrich Andre Ribeiro
444
A.
Appropriate Type of Work Permit/Visa Requirements / Nelson Mannrich Andre Ribeiro
444
11.12.
Labor Courts and Labor Claims / Nelson Mannrich Andre Ribeiro
444
11.13.
Current Trends in Brazilian Labor Law / Nelson Mannrich Andre Ribeiro
446
A.
Role of Discrimination Law / Nelson Mannrich Andre Ribeiro
446
B.
Outsourcing / Nelson Mannrich Andre Ribeiro
447
C.
Reduction of Working Hours / Nelson Mannrich Andre Ribeiro
447
D.
Collective Dismissals / Nelson Mannrich Andre Ribeiro
448
E.
Electronic Working Hours Control Requirements / Nelson Mannrich Andre Ribeiro
448
ch. 12
Insolvency / Nelson Mannrich Andre Ribeiro
451
12.01.
Overview / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
451
A.
Regulation / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
451
B.
Main Policy / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
y452
C.
Debtors Subject to the Bankruptcy Law / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
453
D.
Creditors Subject to the Bankruptcy Law / Laura Massetto Meyer, Renata Machado Veloso, Eduardo Augusto Mattar
453
1.
Certain Export Financing Transactions (ACC and ACE) / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
454
2.
Fiduciary Assignment or Transfer (Cessao or Alienacao Fiducithia) / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
455
3.
Taxes / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
455
12.02.
Main Actors / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
456
A.
Judge / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
456
1.
In Recuperacao Judicial / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
456
2.
In Recuperacao Extrajudicial / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
457
3.
In Liquidation (Falencia) / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
457
B.
Judicial Administrator / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
457
1.
In Recuperacao Judicial / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
458
2.
In Liquidation (Falencia) / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
458
C.
Public Prosecutor / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
458
D.
Creditors / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
459
1.
Creditors' Committee / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
459
E.
Management / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
460
12.03.
Procedures / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
461
A.
Judicial Reorganization / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
461
1.
Filing / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
461
2.
After Acceptance of Filing / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
461
3.
Restructuring Plan Voting and Confirmation / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
461
B.
Out-of-Court Reorganization / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
463
1.
Filing / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
463
2.
Plan Confirmation / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
464
C.
Liquidation / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
464
12.04.
Special Regimes / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
468
A.
Financial Institutions / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
468
B.
Insurance Companies / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
469
1.
Intervention by SUSEP / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
469
2.
Liquidation Proceeding / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
470
12.05.
Hot Topics / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
472
A.
Bankruptcy of Group of Entities and Substantive Consolidation / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
472
B.
Extent of Court Control of the Terms of a Restructuring Plan / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
473
C.
Trustees' and Bondholders' Voting Rights in Bankruptcy Procedures / Eduardo Augusto Mattar, Renata Machado Veloso, Laura Massetto Meyer
474
ch. 13
Competition Law in Brazil: An Overview on Merger and Cartel Enforcement / Eduardo Augusto Mattar, Laura Massetto Meyer, Renata Machado Veloso
477
13.01.
Overview / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
477
13.02.
Merger Control / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
478
A.
Transactions Subject to Merger Review / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
478
1.
Turnover Thresholds and the Definition of Group of Companies / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
479
2.
Definition of "Concentration" / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
479
a.
Convertible Securities and Transaction in the Stock and Exchange Market / Amanda Fabbri Barelli, Daniela Coelho Camilla Paoletti Luis Bernardo C. Cascão, Barbara Rosenberg
480
b.
Associative Agreements / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
481
c.
Timing and Applicable Procedures / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
481
d.
Agreements with CADE in Merger Review Cases / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
483
e.
Challenges in Complex Cases and Multijurisdictional Filings / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
483
13.03.
Enforcement of Brazilian Competition Law: Cartels / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
484
A.
Penalties / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
485
B.
Limitation Period / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
486
C.
Judicial Review / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
486
D.
Possibilities of Reduction of the Administrative Fines / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
487
1.
Leniency (Amnesty) Agreement / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
487
2.
Cease-and-Desist Commitments ("Settlements") / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
488
E.
Criminal Prosecution / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
489
F.
Damage Claims (Civil Claims) / Camilla Paoletti Amanda Fabbri Barelli, Luis Bernardo C. Cascão, Barbara Rosenberg Daniela Coelho
490
13.04.
Conclusion / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
490
ch. 14
Trade Remedies in Brazil / Barbara Rosenberg Luis Bernardo C. Cascão, Daniela Coelho Amanda Fabbri Barelli, Camilla Paoletti
491
14.01.
Overview / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
491
14.02.
Anti-Dumping / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
493
A.
Original Investigation / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
493
1.
Newly Codified Principles and Concepts / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
494
2.
Specific Deadlines and Stage in an AD Investigation / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
496
3.
Price Undertakings / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
498
B.
Anti-Dumping Duty Reviews / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
499
1.
Reviews Related to the Application of Duties / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
499
a.
Changed Circumstances Review / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
499
b.
Sunset Review / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
501
2.
Reviews Related to the Scope and Collection of Duties / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
503
a.
New Shipper Review / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
503
b.
Anti-Circumvention Review / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
505
c.
Reimbursement Review / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
507
C.
Assessment of Scope and Redetermination / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
508
1.
Scope Assessment / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
508
2.
Redetermination / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
509
14.03.
Subsidies and Countervailing Duty (CVD) Proceedings / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
510
14.04.
Safeguards Proceeding / Ana T. Caetano Gustavo Boni dos Santos, Ana Luiza Sanches
513
14.05.
Public Interest Proceeding / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
516
ch. 15
Anticorruption Law / Ana T. Caetano Ana Luiza Sanches, Gustavo Boni dos Santos
521
15.01.
Introduction / Leonardo Ruiz Machado
521
A.
Fighting Corruption in International Business Transactions / Leonardo Ruiz Machado
522
B.
Criticism of the Legislative Process and Government Policy Adopted by Brazil / Leonardo Ruiz Machado
524
15.02.
Reach / Leonardo Ruiz Machado
533
A.
Persons Subject / Leonardo Ruiz Machado
533
B.
Strict Liability / Leonardo Ruiz Machado
533
1.
Administrative and Civil Liability / Leonardo Ruiz Machado
534
C.
Liability in M&A transactions / Leonardo Ruiz Machado
535
D.
Joint and Several Liability / Leonardo Ruiz Machado
536
E.
Liability of Officers and Members of the Board of Directors / Leonardo Ruiz Machado
537
15.03.
Harmful Acts / Leonardo Ruiz Machado
537
A.
Corruption of Public Official (Article 5, I) / Leonardo Ruiz Machado
537
B.
Financing, Funding and Sponsorship of Unlawful Acts (Article 5, H) / Leonardo Ruiz Machado
539
C.
Use of Intermediaries (Article 5, III) / Leonardo Ruiz Machado
540
D.
Fraud in Public Tenders (Article 5, IV) / Leonardo Ruiz Machado
541
E.
Obstacle to Investigation (Article 5, V) / Leonardo Ruiz Machado
543
15.04.
Sanctions/Penalties / Leonardo Ruiz Machado
544
A.
Administrative Penalties / Leonardo Ruiz Machado
544
B.
Civil Penalties / Leonardo Ruiz Machado
545
C.
Conditions (Article 7) / Leonardo Ruiz Machado
546
15.05.
Integrity Programs / Leonardo Ruiz Machado
547
15.06.
Conclusion / Leonardo Ruiz Machado
551
ch. 16
Private Equity, Venture Capital and Investment Funds in Brazil / Leonardo Ruiz Machado
553
16.01.
Introduction: Private Equity and Venture Capital / Alexei Bonamin Silvia Fazio João Busin
553
16.02.
General Overview: Private Equity and Venture Capital / Alexei Bonamin Silvia Fazio João Busin
555
A.
Legal & Regulatory Environment / Alexei Bonamin Silvia Fazio João Busin
555
B.
Local Industry Profile / Alexei Bonamin Silvia Fazio João Busin
557
C.
Main Features of Local Practice / Alexei Bonamin Silvia Fazio João Busin
561
1.
Sources of Funds / Alexei Bonamin Silvia Fazio João Busin
561
2.
Investment Funds' Duration / Alexei Bonamin Silvia Fazio João Busin
562
3.
Remuneration of General Partners / Alexei Bonamin Silvia Fazio João Busin
562
4.
Investment and Exit Decision-Making Process and Alignment of Interests / Alexei Bonamin Silvia Fazio João Busin
563
5.
Portfolio Investments / Alexei Bonamin Silvia Fazio João Busin
564
6.
Available Exit Alternatives / Silvia Fazio João Busin Alexei Bonamin
566
16.03.
Investment Funds Used for Private Equity & Venture Capital / Alexei Bonamin Silvia Fazio João Busin
568
A.
Overview / Alexei Bonamin Silvia Fazio João Busin
568
B.
Private Equity Funds (FIPs) / Alexei Bonamin Silvia Fazio João Busin
569
C.
Venture Capital Funds (FMIEEs) / Alexei Bonamin Silvia Fazio João Busin
574
D.
Special Self-Regulatory Provisions Applicable to FIPs and FMIEEs / Alexei Bonamin Silvia Fazio João Busin
575
16.04.
Typical Foreign Investment Structures Used for Private Equity and Venture Capital / Alexei Bonamin Silvia Fazio João Busin
577
A.
"4,131" Structure / Alexei Bonamin Silvia Fazio João Busin
578
B.
"4,373" Structure / Alexei Bonamin Silvia Fazio João Busin
578
C.
Investment Through a Brazilian Investment Fund (Also a "4,373" Structure) / Alexei Bonamin Silvia Fazio João Busin
579
D.
Investment Through Cross-Border Fund Structures Which Then Invest in a Brazilian Investment Fund (Also a "4,373" Structure) / Alexei Bonamin Silvia Fazio João Busin
580
16.05.
Portfolio Investment Process: Private Equity and Venture Capital / Alexei Bonamin Silvia Fazio João Busin
582
A.
Acquisition Agreement / Alexei Bonamin Silvia Fazio João Busin
583
1.
Types of Shares Subscribed/Acquired by a FIP: Redeemable Preference Shares / Alexei Bonamin Silvia Fazio João Busin
585
2.
Form of Payment of the Consideration: Earn-out / Alexei Bonamin Silvia Fazio João Busin
585
3.
Conditions Precedent: Competition Clearances / Alexei Bonamin Silvia Fazio João Busin
586
4.
Parties' Post Closing Obligations: Stock Options / Alexei Bonamin Silvia Fazio João Busin
586
B.
Shareholders' Agreement / Alexei Bonamin Silvia Fazio João Busin
587
1.
General Governance Provisions: Rights of Appointing Members of the Board of Directors and Executive Officers / Alexei Bonamin Silvia Fazio João Busin
589
2.
Exercise of Voting Rights: Qualified Majority or Veto Rights / Alexei Bonamin Silvia Fazio João Busin
590
3.
Exit Mechanisms and Protections / Alexei Bonamin Silvia Fazio João Busin
591
a.
IPO and Qualified IPO / Alexei Bonamin João Busin Silvia Fazio
591
b.
Drag-along Right / Alexei Bonamin Silvia Fazio João Busin
591
c.
Tag-along Right / Alexei Bonamin Silvia Fazio João Busin
592
d.
Liquidation Preference upon Occurrence of Deemed Liquidation Events / Alexei Bonamin Silvia Fazio João Busin
592
e.
Redemption of Shares and Put Option Rights / Alexei Bonamin Silvia Fazio João Busin
592
4.
Anti-dilution Protections / Alexei Bonamin Silvia Fazio João Busin
593
C.
Mezzanine Deals: Debentures / Alexei Bonamin Silvia Fazio João Busin
593
16.06.
Challenges Along the Way: Private Equity and Venture Capital / Alexei Bonamin Silvia Fazio João Busin
594
16.07.
Investment Funds in Brazil / Alexei Bonamin Silvia Fazio João Busin
596
A.
Introduction / Alexei Bonamin Silvia Fazio João Busin
596
B.
General Overview / Alexei Bonamin Silvia Fazio João Busin
597
1.
Legal & Regulatory Environment / Alexei Bonamin Silvia Fazio João Busin
597
2.
Local Industry Profile / Alexei Bonamin Silvia Fazio João Busin
598
3.
Legal Nature of Investment Funds / Alexei Bonamin Silvia Fazio João Busin
599
4.
Formation, Operation, Marketing and Disclosure of Information / Alexei Bonamin Silvia Fazio João Busin
600
16.08.
Mutual Investment Funds in Brazil / Alexei Bonamin Silvia Fazio João Busin
605
A.
Overview / Alexei Bonamin Silvia Fazio João Busin
605
1.
Structure / Alexei Bonamin Silvia Fazio João Busin
605
2.
Portfolio Composition / Alexei Bonamin Silvia Fazio João Busin
605
3.
Concentration Limits / Alexei Bonamin Silvia Fazio João Busin
606
4.
Concentration Limits by Issuer / Alexei Bonamin Silvia Fazio João Busin
606
5.
Concentration Limits by Asset / Alexei Bonamin Silvia Fazio João Busin
607
6.
Concentration Limits Applicable to Investments Abroad / João Busin Alexei Bonamin Silvia Fazio
608
7.
Investment Funds Targeted at Qualified or Professional Investors / Alexei Bonamin Silvia Fazio João Busin
608
B.
Main Innovations Brought by Instruction No. 555/14 / Alexei Bonamin Silvia Fazio João Busin
608
1.
Communication / Alexei Bonamin Silvia Fazio João Busin
608
2.
Quotas / Alexei Bonamin Silvia Fazio João Busin
609
3.
Documentation and Information / Alexei Bonamin Silvia Fazio João Busin
609
4.
Service Providers and Fees / Alexei Bonamin Silvia Fazio João Busin
610
5.
Portfolio Manager's Role / Alexei Bonamin Silvia Fazio João Busin
611
6.
Investments Abroad / Alexei Bonamin Silvia Fazio João Busin
611
7.
Classes of Funds / Alexei Bonamin Silvia Fazio João Busin
612
8.
Concentration Limits / Alexei Bonamin Silvia Fazio João Busin
613
C.
Equity Fund-Access Markets / Alexei Bonamin Silvia Fazio João Busin
614
16.09.
Alternative Investment Funds in Brazil / Alexei Bonamin Silvia Fazio João Busin
616
A.
Overview / Alexei Bonamin Silvia Fazio João Busin
616
B.
Real Estate Funds / Alexei Bonamin Silvia Fazio João Busin
616
C.
Receivables Funds / Alexei Bonamin Silvia Fazio João Busin
617
16.10.
CVM Risk-Based Supervision (RBS) Applicable to Investment Funds and Special Self-Regulatory Provisions Applicable to Investment Funds' Service Providers / Alexei Bonamin Silvia Fazio João Busin
618
A.
CVM Risk-Based Supervision (RBS) Applicable to Investment Funds / Alexei Bonamin Silvia Fazio João Busin
618
B.
Special Self-Regulatory Provisions Applicable To Investment Funds' Service Providers / Alexei Bonamin Silvia Fazio João Busin
619
ch. 17
Insurance and Reinsurance / Alexei Bonamin Silvia Fazio João Busin
623
17.01.
Overview of the Brazilian Insurance and Reinsurance Markets / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
623
A.
Insurance and Reinsurance as Regulated Activities / Marcelo Mansur Haddad, Gustavo Armando Leon, Paulo Grassia
623
B.
Brazil as a Non-Admitted Country / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
624
C.
How to Operate Locally in Insurance and Reinsurance / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
624
17.02.
Regulatory Framework / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
625
A.
Main Regulations on Insurance / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
625
1.
Main Statutes / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
625
2.
Lines of Business / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
626
3.
Eligible Distribution Structures / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
627
4.
Outsourcing of Activities / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
628
B.
Main Regulations on Reinsurance / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
629
1.
Types of Reinsurers / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
629
2.
Mandatory Cession to Local Reinsurers / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
630
3.
Intragroup Limitation / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
630
4.
Minimum Retention Rule and Other Limitations / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
630
5.
Reinsurance Brokers / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
631
17.03.
Contractual Aspects of (Re)Insurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
631
A.
General Aspects of Insurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
631
1.
Main Rules of the Brazilian Civil Code / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
631
2.
Form and Validity / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
632
3.
Main Content of Insurance Policies / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
633
B.
General Aspects of Reinsurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
634
1.
Lack of Specific Legal Provisions / Gustavo Armando Leon, Marcelo Mansur Haddad, Paulo Grassia
634
2.
Form and Validity / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
634
3.
Mandatory Clauses in Reinsurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
635
a.
Insolvency Clause / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
635
b.
Intermediation Clause / Marcelo Mansur Haddad, Gustavo Armando Leon, Paulo Grassia
635
c.
Choice of Law and Jurisdiction Clause / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
635
d.
Other Mandatory Clauses / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
635
4.
Other Clauses Found in Reinsurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
636
17.04.
Claims / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
636
A.
Establishing an Insurance Claim / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
636
1.
Claims Notification / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
636
2.
Misrepresentation and Aggravation of Risk / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
636
3.
Proof of Loss / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
637
4.
Over and Multiple Insurance / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
637
5.
Third Party Claims / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
637
6.
Time Bar / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
638
7.
Subrogation / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
638
B.
Reinsurance Claims Issues / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
639
1.
Follow the Fortune and Follow the Settlements / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
639
2.
Claims Cooperation and Claims Control / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
639
3.
ECO and XPL / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
639
4.
Cut-Through / Paulo Grassia Gustavo Armando Leon, Marcelo Mansur Haddad
640
5.
Time Bar / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
640
17.05.
Supervising Regime and Applicable Penalties / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
641
A.
Current Supervising Regime / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
641
B.
Types of Penalties / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
641
C.
Settlement Agreements-TAC / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
642
17.06.
Dispute Resolution: Litigation, Arbitration and Mediation on Insurance and Reinsurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
642
A.
Insurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
642
B.
Reinsurance Contracts / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
643
17.07.
General Overview of Taxation of Insurance and Reinsurance Transactions / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
644
Index / Marcelo Mansur Haddad, Paulo Grassia Gustavo Armando Leon
645