On Monday, all eyes in Brazil were transfixed on the political whirlwind created by President Jair Bolsonaro’s apparently impromptu cabinet reshuffle. And while Mr. Bolsonaro’s antics usually divert attention away from news stories that are harmful to the president or his family, yesterday was an exception. In fact, Mr. Bolsonaro’s ministerial merry-go-round actually took the spotlight off a notable achievement for the government, in what was one of the administration’s most pro-business moves to date.
President Bolsonaro signed a broad provisional decree aimed at slashing red tape for business owners, making it easier for entrepreneurs to open companies and protecting minority shareholders’ rights in publicly-traded companies. Each and every one of the decree’s articles intends to reduce the bureaucratic burden on businesses in Brazil and improve legal security.
Judicial inefficiency and insecurity has long been a roadblock to doing business in Brazil, with courts taking too long to reach verdicts and lacking uniformity in their interpretation of the law. As we showed in our March 18 Daily Briefing, a report by the OECD says overhauling the court system would boost investment in Brazil.
While not quite a full court reform, Mr. Bolsonaro’s decree seeks to bring more consistency to business-related litigation.
The city of Rio de Janeiro estimates that a Madonna concert this Saturday on Copacabana…
Latin America’s trend of banning opposition candidates from elections has caught on in an ever-growing…
The São Paulo City Council on Thursday approved legislation authorizing Brazil’s largest city to sign…
The preliminary report on AI regulations presented to Brazil’s Senate last week provides a middle-of-the-road…
In 2000, Formula 1 great Michael Schumacher had just racked up his 41st race win,…
Overall, the worldwide economic outlook has improved according to the Organization for Economic Co-operation and…