Source: http://lickslegal.com/news/executive-order-sheds-light-on-brazilian-business-landscape
Timestamp: 2019-10-17 21:09:12
Document Index: 317387498

Matched Legal Cases: ['art. 4', 'art. 5', 'art. 3', 'art. 3', '§ 4', 'art. 3']

It brings about some important improvements: (i) setting forth the concept of “abuse of regulatory power”, as to avoid barriers to the entry of international players in certain markets; obstacles to the implementation of new technologies; creation of unnecessary technical requirements; or increase transaction costs without demonstrated benefits (art. 4); (ii)analysis of the economic impact in any amendments to regulations applicable to economic agents or public in general (art. 5); (iii) right to exercise any new business model, when the current laws become outdated due to tech innovation consolidated abroad (art. 3, VI); (iv) freedom to define prices in non-regulated markets — except in situations of public disaster (art. 3, III and § 4); and (v) guaranteeing the parties’ autonomy in business to business transactions, being public interest rules not applicable against the contracting parties (art. 3, VIII).