Improved regulation is changing the business climate in Brazil
Nine months into the new administration, Brazil has experienced improvement in the business environment. Government and Congress have been cutting down red tape, removing legal uncertainties, and generally advancing rules to encourage investment and entrepreneurship.
New legal changes introduced in September and October also have the potential to boost investments in the country.
This issue of LS Brazil Outlook analyzes advances brought in by the so-called Economic Freedom Act in force since late September. Among them, better regulation of investment funds; rules that reduce legal uncertainties in agreements between private parties; and the reduction of formalities in employment relations. Last, but not least, we discuss the enhanced environment in telecom created by the new General Law on Telecommunications, enacted in the beginning of October.
In the first half of the year, legal changes created opportunities in the capital markets and in the oil and gas industry, as covered by LS Brazil Outlook in previous issues.
Enjoy your reading!
Image credit: Leonardo de Sá/Agência Brasil
