Central Bank fines on unregistered or late-registered foreign investments
Brazilian Monetary Council Resolution No. 2883 of August 30, 2001 imposes new fines on late-registered and unregistered foreign investments in Brazil, including direct investments, loans, and other transactions. Under the resolution, any registration made after 30 days from the date of the event (ie date of entry of funds) will entail the imposition of fines, with few exceptions.
To read more
Subscribe to Latin Lawyer
Subscribe and start reading now
Latin Lawyer is your definitive source of news, analysis, and research from the Latin American legal community. It keeps you up to speed with the issues and trends that matter and provides the data and tools you need to operate successfully.