Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...
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Associations / Joint Ventures• Joint ventures ("JV") are created in <strong>Brazil</strong> through <strong>the</strong> incorporation or acquisition of a localcompany, where partners negotiate a shareholders agreement, defining mutual rights <strong>and</strong>obligations• Typically, JVs are Limited Partnerships or Corporations• It must be provided:• The division of powers between <strong>the</strong> partners (who chooses <strong>the</strong> board members <strong>and</strong> directors<strong>and</strong> quorum determination of certain matters)• Withdrawal ("lock-up", "tag-along" <strong>and</strong> "drag along")• "dead-locks" solutions ("options", "shot-gun")• Non-competition clause <strong>and</strong> change of control• Solution dispute clause• Applicable law: may be foreign• Jurisdiction: arbitration or judicial
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