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Determination Balance Sheet: fair valuation at partner exit

Determination Balance Sheet: fair valuation at partner exit

A determination balance sheet has emerged as a key instrument to ensure fair treatment when a partner withdraws from a company. Unlike a standard balance sheet, which records assets and liabilities at historical cost, this special statement assesses the company’s...

Fixed ISS Tax Applies to Limited Professional Companies, Rules STJ

Fixed ISS Tax Applies to Limited Professional Companies, Rules STJ

Brazil’s Superior Court of Justice (STJ) ruled, in a repetitive appeal (Theme 1323), that single-professional firms organized as limited liability companies (LTDA) may pay the Service Tax (ISS) under the fixed-rate system established by Decree-Law 406/1968, provided...

Writ of mandamus and closed Tenders: is there still a right to protect?

Writ of mandamus and closed Tenders: is there still a right to protect?

Can a writ of mandamus still be filed after a public bidding process has ended and the contract is already signed? The issue goes beyond formality: closing a procurement process doesn’t erase the right to challenge illegalities that happened along the way. Brazil’s...

Federal government launches national geothermal energy program

Federal government launches national geothermal energy program

The National Energy Policy Council (CNPE) approved, on October 1, 2025, the creation of the National Geothermal Energy Program (Progeo). The initiative aims to harness the Earth’s natural heat for electricity generation, promoting a clean and renewable energy source....