On October 29, 2025, Brazil’s House of Representatives passed a bill amending both the Brazilian Securities Act and the Brazilian Securities and Exchange Act. The legislation aims at strengthening protections for securities investors in response to a series of supposed corporate fraud scandals involving publicly listed companies in recent years. The bill introduces a new cause of action against the following stakeholders: Liability will depend on evidence of willful misconduct or negligence, as well as…

In the recent “Sanessol” case[1], the Brazilian Superior Court of Justice (highest court for non-constitutional matters) has decided that the price of a public service can be fixed through arbitration. Sanessol, which is a private provider rendering water and sewage services to the public, brought an arbitration against the city of Mirassol, State of São Paulo, to raise the price of the services provided there. The claim was based on a right to price increase…

The Center for Arbitration and Mediation of the Chamber of Commerce Brazil-Canada (“CAM-CCBC”), which is the largest Brazilian arbitration institution, revised its arbitration rules for the first time in the last ten years. The new rules entered into force on November 1, 2022 (“2022 Rules”). Below is a summary of the key changes in relation to the previous rules (“2012 Rules”). Possibility of using UNCITRAL Rules – Article 1.2 of the 2022 Rules The CAM-CCBC…