The Gaming Bill of Law is Approved in the Chamber of Deputies

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  On 24 February 2022, the Chamber of Deputies approved, by 246 votes to 202, the Bill of Law 442/1991, which legalizes various types of gambling and betting in Brazil. In short, the proposal authorizes the practice and exploitation in Brazil of: Casino games; Bingo games; Jogo do Bicho (“Animal game”); Online games; and Horse-race…

How to Bring Your Sports Betting Operation to Brazil

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Udo Seckelmann[i]   Introduction   With a population of 210 million with a considerable propensity for gambling and a huge sporting culture, a lot of international operators are looking the Brazilian market as a great opportunity for profit. Nonetheless, bringing a sports betting operation to Brazil is not as simple as one might think. There…

PLAYERS NO LONGER THIRD-PARTIES: EVERYTHING YOU NEED TO KNOW

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Article published by our international consultant Stefano Malvestio in the WyScout blog.   On 8 May 2019, FIFA published its 2019 Edition of the “Regulations on the Status and Transfer of Players” (“the FIFA Regulations” or “FIFA RSTP”) which, having entered into force on 1 June 2019¹, amended the definition of ‘third-party’ in relation to art. 18-ter of the…

BRIEF COMMENTS ON THE NEW 2021 WADA CODE

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2021 World Anti-Doping Code Review   The World Conference on Doping in Sport in Katowice, Poland, marked the accumulation of the review of the 2015 code, which underwent an extensive 18-month review process involving consultation from an array of stakeholders in the International movement against doping in sport. The Code will be implemented on January…

GAME-CHANGER: MLS CLUBS WILL NOW BE ABLE TO CLAIM TRAINING COMPENSATION AND SOLIDARITY PAYMENTS

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In a historic decision, which promises to have major impact on MLS clubs’ finances, on 12th of April 2019 MLS has announced its intention to start complying with FIFA Regulations relating to training compensation and solidarity payments. Consequently, this move means that MLS clubs will now be able to receive the amounts derived from those…

STATUTORY MODIFICATIONS IN BRAZILIAN LIMITADAS

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On January 3, 2019, the President of Brazil sanctioned Law No. 13.792 which amends articles 1.085 and 1.063 of the Brazilian Civil Code, thus bringing forth two important changes to limited companies. The first innovation relates to the necessary quorum for removal of a certain quotaholder holding the office of manager of the firm, formally…