BRAZIL Joaquim de Paiva Muniz, Frederico Bizarro Weingartner, Luis Henrique Borghi, Bruna Silveira, Katherina Ballestra, Maria Clara Barros Mota. A. LEGISLATION AND RULES A.1 Legislation A.1.1 Amendment to bankruptcy and judicial recuperation law On 24 December 2020, the Brazilian Bankruptcy Law was amended by Law 14.112, to make the process of bankruptcy and judicial recuperation (Brazilian equivalent to US Chapter 11) more efficient, in view of the final distress triggered by the COVID-19 pandemic. The…
On December 24, 2020 Brazilian Bankruptcy Law was amended by Law 14.112, to make the process of bankruptcy…
We are delighted to invite you to Baker McKenzie’s first ever Arbitration Quiz Night! Join us on 8…
From 1 January 2021, the International Chamber of Commerce (ICC) will bring into force revised 2021 Rules of Arbitration (“2021 Rules”), replacing the current rules last updated in 2017. This is the third update within a decade and, as such, most of the changes are minor, expanding on provisions introduced in previous rule updates and ensuring the practical demands of international arbitration can be met. Notably, given the current global pandemic, the 2021 Rules include…
Join us on Tuesday, 17 November 2020, for the 2020 UCL/ Baker McKenzie Lecture on ‘International Arbitration –…
The world faces significant levels of social, political and economic instability and uncertainty. To a large extent, while…
The International Chamber of Commerce (“ICC”) recently published its full statistical report for the year 2019,[1] which revealed a slight increase in the number of arbitration cases registered with the ICC’s International Court of Arbitration in 2019, as compared to 2018. As we have done in previous years,[2] we compare the caseload statistics of various arbitral institutions over the past few years in this article, and we analyze whether the popularity of arbitration continues to…
Overview Should a foreign investor have its assets expropriated (whether directly, or through creeping expropriation or regulatory encroachment),…
The COVID-19 pandemic increases claims aiming at avoiding or reviewing contractual obligations based on arguments of force majeure…
The COVID-19 crisis required the Brazilian people to adapt their routine to contain the spread of the virus. The arbitration institutions could not act differently: they also changed their operations, closing offices and focusing on conducting proceedings online. We summarize in this table how Brazilian institutions are working through these difficult days and we will provide you with regular updates.