Metaverses are “virtual worlds” that make an effort to reproduce reality on digital devices – be they computers connected to a network or virtual reality or augmented reality equipment offering immersive experiences. A metaverse is a collective and shared virtual space that is inhabited by the avatars of users; before, this was only common in […]
Institutions will have rules proportional to their size, preserving easy entry for new competitors in the segment and increasing competition in the system The new rules announced by the Central Bank (BC), which increase prudential requirements for payment institutions (PIs) – according to the size and complexity of the company – should change the practices […]
Russia has announced that it has cut off gas supplies to Poland and Bulgaria as the countries have failed to comply with trade agreements. A decision that the European Union (EU) called blackmail. And with that, it put European countries on high alert. For Luciana ReisReis, a specialist in the oil, gas, infrastructure and energy sector, […]
The US decision to ban the purchase of Russian oil raises fears of escalating inflation in the world. Experts assess the scenario US President Joe Biden announced on Tuesday (3/8) the ban on imports of Russian oil into the country, as another measure to impact Russia’s economy due to the war in Ukraine. In his speech, […]
Law 14,311/2022, enacted on March 8 by the Federal Government, reaches the forty-five of the second half to replace Law 14,151/21, and will be of little use to pregnant women and their employers. The text comes into force almost a year after it was proposed and is practically losing its purpose in the face of the […]
The topic is still controversial in the games industry, but major developers have already signaled interest in this new business model. The popularity of NFT games is a topic that is at the top of discussions in the billion-dollar video game industry. Gambling with “non-fungible tokens” — in free translation — is yet another initiative by […]
The Central Bank published, this Friday, the improvement of prudential rules for IPs, which will have rules proportional to their size and complexity. The new rules take effect in January 2023 and full implementation will take place in January 2025, to ensure time for IPs to adjust their internal controls and adjust their equity structure. […]
The Central Bank of Brazil released new Regulations for the Instant Payments System (SPI) and the Instant Payments Account (Conta PI). The SPI is the centralized infrastructure for real-time gross settlement of instant payments that result in the transfer of funds between its participants holding an IP Account at the Central Bank. BCB Resolution No. […]
Laudêmio: the ‘prince tax’ in Petrópolis Fair or not, collection originates from a private law relationship and cannot be confused with taxes The regrettable tragedy that occurred in Petrópolis (RJ) last week has drawn attention to the collection of laudêmio, referred to by the press as “the prince’s tax”, which is reverted to the “imperial […]
Draft law proposing amendments to the Luxembourg financial collateral law On 20 December 2021, a draft law No. 7933 (the “Draft Law“) was lodged with the Luxembourg Chamber of Deputies. While the main aim of the Draft Law is to implement Regulation (EU) 2021/23 of 16 December 2020 on a framework for the recovery and […]
Partner,
Bonn Steichen & Partners
BSP is pleased to announce the promotion of four new partners, effective 1st January 2022. The partnership now consists of 16 partners, 9 women and 7 men. Gaëlle Felly: She regularly advises a wide range of banking, private equity and corporate clients from a direct and indirect tax perspective. Over the last 15 years she […]
Partner,
Bonn Steichen & Partners
On 8 April 2021, the Supreme Administrative Court (Verwaltungsgerichtshof) of Austria submitted several questions to the European Court of Justice (the “ECJ”) for a preliminary ruling in connection with invoicing requirements under the EU VAT rules for intra-Community triangular transactions (case C-247/21). Background In principle, in situations involving two supplies of goods between three VAT-registered […]
Partner,
Bonn Steichen & Partners
