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By Fabiano Deffenti

Today, the Brazilian Central Bank published a new resolution (Resolution CMN 5,280/2026) that deems “service providers of virtual assets” as “financial institutions”.

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Quick Read: Little bureaucracy: Appointing an agent in Brazil does not require any formal steps (appointment can even be made by conduct, which is a risk). Flexible: Parties have great freedom to decide on the terms of their distribution arrangements (which differs from the

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By Fabiano Deffenti | 26 January 2026

For decades, the legal services market had a comfortable illusion: if you had the “right firm” you would also have the “right documents”. The logic was almost mechanical – a large template database, together with checklists populated by junior lawyers, and an end product looked sophisticated enough to justify the invoi...


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Here is a short presentation on the key issues to consider when entering a foreign market. It applies to Brazil as much as it applies to other markets.


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By Fabiano Deffenti | 22 January 2026

On 9 January 2026, Brazil enacted Complementary Law 225/2026, creating the Taxpayer Protection Code (the “


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