Brazil is the largest market in Latin America, with over two hundred million inhabitantss and an infinity of natural resources that are inputs to agriculture and manufacturing activities.
It has a mature and solid banking system. It hosts one of the largest (if not the largest) biodiversities in the planet and consumers with great demand for goods and services (including essential services such as sanitation and alternative energy sources). All of this makes Brazil a fertile environment for investments, given its potential to multiply new businesses and to expand existing ones.
Along with opportunities, come challenges, many of them legal ones. There is from administrative regulation of certain businesses until labor and consumer laws that are different from the rest of the world. Brazilian laws involving business contracts, creation and management of business entities, and intellectual property protection, while similar to foreign laws, have important local particularities. Besides, Brazilian law changes with some frequency. Some routines of multinational groups need to “Brazilianize” more than once to be successful in Brazil.
Despite being a civil law country, Brazil has experienced the progressive influence of court precedents in Law. A growing range of Superior Court decisions has binding effects.
This scenario makes Brazil a champions of a business’s and an investor’s need of legal support to safely develop their activities.
