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…