Roundtable with Roberto Castelo Branco

 - Petrobras President

#BRAZILCHAM NYC promote in the last december 6th a luncheon roundtable with Federal Judge Renato Becho of the 10th Federal Court of Tax Execution (Vara Federal de Execuções Fiscais). Judge Becho is also a Professor of Tax Law at PUC/SP.

Judge Becho shared his  analysis of the reasons why Brazil is ranked so low in the World Justice Projects’ Rule of Law Index (58^th out of 126 countries surveyed). His analysis focused on the inconsistencies in the decision making process of Brazilian judges, who in many cases follow neither the proscribed laws of a Civil Law System, nor the precedents of a Common Law society.

Judge Becho discussed Brazil’s new Civil Procedure Code of 2015, its intent to correct the imperfections in the decision making process, and why it has not yet succeeded as hoped. He presented a brief case study illustrating his analysis. His case study and general discussion focused on tax law, given his expertise in the area.

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                 The Chamber NYC organized a panel discussion on funding conditions for Brazilian borrowers, with emphasis on the relative competitiveness between domestic versus international markets. The panel covered current conditions in both the international and domestic markets and the advantages and disadvantages of issuing in each market, covering such topics as comparative costs and tenors, new products, documentation, disclosure, and marketing.

The panel was comprised of active practitioners: A corporate issuer with access to both local and international markets; Capital markets bankers for the domestic market and the international markets; The U.S International Development Finance Corporation which represents a significant new source of funding for infrastructure projects; Finally, Brazil and U.S. counsel highlighting key legal issues for domestic and international offerings.

Moderator:
Evan Koster, Partner, Hogan Lovells

Speakers:
Juliana Herrmann, Executive Director, LatAm DCM, JPMorgan
Guilherme Maranhao, Managing Director, Itau BBA
Bruno Mastriani Simões Tuca, Partner, Mattos Filho Advogados
David Contreiras Tyler, Counsel, Hogan Lovells

When the Supreme Court effectively ruled that Republicans could continue their partisan gerrymanders, A.G. Holder said: And that's exactly what we're doing with nine target states in 2020: But how successful we are depends on you. DONATE Help us win in all of our 2020 target states. If you've saved your payment information with ActBlue Express, your donation will go through immediately: Express donate $5 >> Express donate $15 >> Express donate $25 >> Express donate $50 >> Or, donate a different amount >>   Paid for by the National Democratic Redistricting Committee.

All On The Line is on a mission to end gerrymandering and the polarization it causes in our political system. We launched this organization because we know a grassroots effort will be essential to holding politicians who want to manipulate the maps accountable. And thanks to your support, we built a strong foundation in 2019 -- from the tens of thousands of people who signed our Citizen Commitment pledge to all the Founding Members who made the Redistricting U program possible. All On The Line is the grassroots advocacy campaign supported by the National Redistricting Action Fund.  PAID FOR BY THE NATIONAL REDISTRICTING ACTION FUND. ter., 7 de jan. 19:56 (há 3 dias) para Sula Exciting news, Sula: We just launched the official NDRC Merch Store! With 2020 here and everyone’s focus increasingly on the presidential race, it’s crucial that we don’t take our eyes off the ball: securing the next decade of fair maps. Purchases from the NDRC Merch Store fund our growing grassroots movement to defeat Republican map manipulators. From Texas and Florida to Ohio and Wisconsin, we’re targeting states across the country -- and we can win in all of them with your help! So grab a t-shirt, sticker, tote bag, and more at our store to support our movement and let everyone know that you’re voting for fair maps in 2020 and beyond >>> And don’t just look for yourself. Check out our store and grab a gift for the anti-gerrymandering activists in your life! DONATE Sula -- The GOP has used gerrymandering to silence Texans for a decade. So we've made the Lone Star State one of our top targets for 2020 -- and there's an election coming up this month! Eliz is fighting for one of the nine seats (out of 150!) that Democrats need to win back the Texas House and prevent Republican map manipulation. We are so close, Sula: But we have our work cut out for us. Republicans are digging in to protect their total control over redistricting in Texas and four other key states -- Ohio, Georgia, Florida, and North Carolina. Will you help us take them on? Chip in to break Republican control in 2020! If you've saved your payment information with ActBlue Express, your donation will go through immediately: Express donate $5 >> Express donate $15 >> Express donate $25 >> Express donate $50 >> Or, donate a different amount >> Thanks, Team NDRC DONATE   Paid for by the National Democratic Redistricting Committee. Paid for by the National Democratic Redistricting Committee. January 7, 2020 What eMarketer Analysts Expect in 2020 for Ambient Computing eMarketer principal analyst Victoria Petrock discusses one thing that summed up 2019 for her, as well as some of her predictions for 2020, focusing on ambient computing. Listen in. Our Vision of Marketing in 2020 One topic affected marketers in every industry in the past year: CCPA (The California Consumer Protection Act). And while it will continue to be at the top of minds in 2020, Infutor believes that there will be new trends that emerge, and they’ll shape how marketers utilize and value consumer data. Learn More Should You Still Be Using Email Benchmarks? Three of the most common key performance indicators (KPIs) for email are still open rate, clickthrough rate and click-to-open rate. But figures from email service and marketing technology providers show variations in those KPIs in North America depending on a variety of factors, including geography, industry, seasonality and the types of email messages being sent. Read the article. Douyin, TikTok’s Sister App, Continues to See Strong Growth Douyin, TikTok’s equivalent in China, will grow 27.8% to 442.58 million users this year, which means that more than half of China’s internet users will use the short-form video app, according to eMarketer’s new estimates. Growth will slow to 7.3% in 2020 and continue to drop in the next few years. Read the article. Report: US Sharing Economy 2020 The US sharing economy is growing, and for the first time, more than a third of the US adult population will participate in the increasingly ubiquitous model of peer-to-peer (P2P) services, including home-sharing, transportation and food delivery. This forecast report includes user data from Uber, Lyft and Airbnb, as well as user breakdowns by service offering. Read the executive summary. ©2020 eMarketer, Inc. 11 Times Square, New York, NY 10036 eMarketer Daily is published by eMarketer, Inc.

Exciting news, Sula: We just launched the official NDRC Merch Store! With 2020 here and everyone’s focus increasingly on the presidential race, it’s crucial that we don’t take our eyes off the ball: securing the next decade of fair maps. Purchases from the NDRC Merch Store fund our growing grassroots movement to defeat Republican map manipulators. From Texas and Florida to Ohio and Wisconsin, we’re targeting states across the country -- and we can win in all of them with your help! So grab a t-shirt, sticker, tote bag, and more at our store to support our movement and let everyone know that you’re voting for fair maps in 2020 and beyond >>> And don’t just look for yourself. Check out our store and grab a gift for the anti-gerrymandering activists in your life! DONATE   Paid for by the National Democratic Redistricting Committee.

Wednesday, January 22, 2020 Brazil may return to more robust economic growth in 2020 after a disappointing 2019. Growth may cross the 2% thresh-old, as investment recovers, led by a resurgence in housing. Business expectations have improved. Inflation remains under control, ensuring that low interest rates will remain at or below the current 4.50%. We may also see continued improvement in fiscal accounts, slowing government debt growth to sustainable rates. 2019 saw significant financial outflows, leading to a sharp depreciation of the Real, despite interventions by the Central Bank. 2020 may see a reversal of these flows. How 2020 plays out depends upon economic policy continuity and global developments, and the risk of political stalemate in Brazil. The unsettled political environment domestically and internationally was a key uncertainty in 2019, impeding the economic outlook and capital inflows. Hopefully 2020 will overcome these constraints. Join us for our traditional semi-annual outlook with a distinguished panel of experts to explore Brazil’s economic, business, and political future for 2020 and beyond. Moderator: Paulo Vieira da Cunha, Partner, VERBANK Consulting, LLC Speakers: Alberto Ramos, Head of the Latin America Economic Research, Global Investment Research Division, Goldman Sachs Alexis Crow, Advisory Lead, Geopolitical Investing Practice, PwC Marcelo Salomon, Chief Economist - Global Strategist, BZ Gestão de Investimentos Ltda Samar Maziad, Vice President - Senior Analyst Sovereign Risk Group, Moody's Thiago Aragão, Director of Strategy, Arko Advice   Register Today Members: Free Non-Members: $50 Schedule: 8:00 am - 8:30 am Registration and networking 8:30 am - 10:30 am Panel Discussion and Q&A Venue: PwC300 Madison Avenue (corner of 42nd Street) 22nd Floor New York, NY 10017 Thank you for your support.

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Brazilian-American Chamber of Commerce • 485 Madison Avenue, Suite 401, New York, New York 10022, United States • 2127514691

Up-to-date information on the latest financial news. View online.   Mixed Economic Data, Tensions With Iran Overview: Mortgage rates have held relatively steady so far in 2020, a result of two offsetting influences: increased tensions with Iran, which were modestly favorable for mortgage rates, and the net effect of mixed economic data, which was slightly negative. While the trade negotiations between the U.S. and China dominated international economic news in 2019, a new potential source of concern unexpectedly captured the spotlight over the past week. On Friday, the U.S. launched a drone strike that killed a top Iranian military commander. In apparent retaliation, Iran then launched missiles at an Iraqi airbase hosting American troops on Tuesday night. Investors responded by shifting to safer assets such as bonds while they watch to see if the situation will escalate further, but the impact has been relatively small so far. The two biggest economic reports released over the past week came from the Institute of Supply Management (ISM) and contained mixed results. The ISM Services Index, which covers the bulk of U.S. economic activity, increased more than expected to 55, which was the highest level since August. By contrast, the ISM Manufacturing Index declined more than expected to 47.2, which was the worst reading since June 2009. Readings above 50 signal an expansion, while those below 50 indicate a contraction. The manufacturing sector has been suffering for many months from trade restrictions imposed by the U.S. and China. ISM Manufacturing Index Friday, January 10 — Employment Report Tuesday, January 14 — Consumer Price Index (CPI) Thursday, January 16 — Retail Sales report     Contact me to discuss how I can help your clients with their mortgage needs.     Share this article:

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