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Contentious highway project sent to a Joint Select Committee

The controversial Point Fortin Highway Project has been sent to a Joint Select Committee of Parliament.

Ministry-of-works , Tobago , Trinidad-and-tobago , United-states , Siparia , Saint-patrick , Ministry-of-finance , Point-fortin , Johannesburg , Gauteng , South-africa , Brazil

Court ratifies Samarco's judicial reorganisation plan

Court ratifies Samarco's judicial reorganisation plan
nationaltribune.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationaltribune.com.au Daily Mail and Mail on Sunday newspapers.

Espirito-santo , Estado-de-pernambuco , Brazil , Minas-gerais , Acre , Brazilian , Samarco-minera , Billiton-brasil-ltda , Vale-sa , Belo-horizonte , Renova-foundation , Second-business-court

Court ratifies Samarco's judicial reorganisation plan

Court ratifies Samarco's judicial reorganisation plan
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

Espirito-santo , Estado-de-pernambuco , Brazil , Minas-gerais , Acre , Brazilian , Samarco-minera , Billiton-brasil-ltda , Vale-sa , Belo-horizonte , Renova-foundation , Second-business-court

Oi exits bankruptcy protection after 6 years

Oi exited bankruptcy protection after a Brazilian court agreed it had met terms regarding certain debt repayments.

Brazil , Brazilian , Telecom-italia , Piemonte-holding , America-movil , Judicial-reorganisation ,

BHP Group deliver reliable operational performance during the quarter

BHP Group deliver reliable operational performance during the quarter

Mexico , James-bay , Canada-general- , Canada , Australia , Trinidad-and-tobago , Gulf-of-mexico , Mexico-general- , Minas-gerais , Acre , Brazil , Eagle-nest

Tax aspects of Brazil's Judicial Reorganisation Law | International Tax Review

Important changes have been made to the Judicial Reorganisation Law
On March 18 2021 the Brazilian Congress analysed the vetoes made by President Jair Bolsonaro to the provisions of Law 14,122/2020, approved on December 24 2020, which made important changes to the Judicial Reorganisation Law (Law 11,011/05).
Taxes losses
In total, 12 of the 14 presidential vetoes were overruled by Congress, and two of them (Article 6-B and Article 50-A) are specifically relevant from a tax perspective.
The first refers to the possibility of fully using taxes losses, without the 30% limitation, over net income resulting from capital gains from the disposal of fixed assets or rights by the legal entity under judicial reorganisation. As an exception, this does not apply for capital gains resulting from transactions with related entities and with an individual who is a controlling shareholder, partner, owner, or administrator of the legal entity which is the debtor.

Brazil , Brazilian , Bruno-santo , Fernanda-sampaio , Finocchio-ustra , Jair-bolsonaro , Camila-somadossi , Euromoney-institutional-investor , Brazilian-congress , Contribution-for-the-social-integration-program , Judicial-reorganisation , President-jair-bolsonaro

Brazilian operators join forces to win Oi's assets - Developing Telecoms

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Brazil’s embattled operator Oi has sold its mobile assets to the sole party that bid on them – a consortium of rival operators Claro Brasil, Telefonica Brasil (Vivo) and TIM Brasil.
The consortium’s final offer had a total value of BRL16.5 billion (USD3.25 billion), with BRL756 million being paid directly to Oi for “transition services”, reports CommsUpdate. A further BRL819 million will be paid for long-term “transmission capacity”.

Rio-de-janeiro , Estado-do-rio , Brazil , Claro-brasil , Telefonica-brasil-vivo , Brazil-judicial-reorganisation-court , Telefonica-brasil , Judicial-administrator , Government-attorney , Judicial-reorganisation , Conselho-administrativo-de-defesa-economica , Administrative-council