The Brazilian Bar Association (OAB), has stated that the entity's Federal Council is calling for the Supreme Court to not ratify an injunction of a new amendment.
Critics point to Brazil's reliance on tariffs, quotas and "dumping" investigations as evidence of its reliance on commercial defense and protectionist measures.
Given the current appeal of launching operations in Brazil, businesses headquartered outside of the country should gain a level of understanding of Brazilian contract law before engaging in operations within the country.
The Brazilian arbitration law may soon be changing, as regulators want to strengthen certain components of the law in order to increase its effectiveness in certain situations.
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