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Legal Claims; FIDCs | Legal Claims in Brazil: 5 Impacts of the Rule Prohibiting FIDCs from Investing in Judicial and Arbitral Claims Lacking Definitive Liquidity

The Brazilian Monetary Council (CMN) has published a regulation that negatively impacts the legal claims market in Brazil. CMN Resolution 5.343/2026 amends Resolution 2.907/2001 and prohibits Receivables Investment Funds (FIDCs) and Funds of FIDC (FIC-FIDCs) from investing in claims arising from lawsuits or arbitration proceedings until such claims possess definitive

In a Brazilian transaction, the departure of a key executive taking part of the team and client base along can cost more than any price adjustment, and this often happens

Investment subsidies granted through tax exemptions or reductions may be excluded from the calculation basis of the PIS and Cofins contributions. This is the guidance of the Brazilian Federal Revenue

The extrajudicial reorganization filed by a large Brazilian corporation in August 2026, covering approximately US$10 billion in unsecured financial claims, puts a practical question back before banks and funds: what

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