Tax enforcement chief at São Paulo Finance Department negotiates plea deal with prosecutors 08/22/2025 Before Operation Ícaro, which investigates corruption in the reimbursement of Tax on Circulation of Goods and Services (ICMS) credits involving the Ultrafarma and Fast Shop chains, the pharmacy retailer had already been facing lawsuits from São Paulo city and […]
Mastercard cancelled by Banco do Brasil as financial institutions weigh potential legal impacts of Magnitsky Act sanctions 08/22/2025 The cancellation of a credit card issued by Banco do Brasil (BB) marked the first known consequence of applying the Magnitsky Act to Federal Supreme Court (STF) Justice Alexandre de Moraes. The move, revealed Thursday […]
CADE’s tribunal leans toward unconditional approval despite SALIC dispute 08/21/2025 Brazil’s Administrative Council for Economic Defense (CADE) has reached a majority in favor of approving the merger between giant meatpackers BRF and Marfrig without restrictions, even though the final vote has been postponed after Counselor Carlos Jacques requested more time to review the […]