1. World eBusiness Law Report Página 1 de 1
World eBusiness Law Report
This printed article may not be photocopied and is for the exclusive use of Ms Eríca Aoki .
For a multi-user licence piease contact Alan Mowat on +44 20 7234 0606.
Brazii Aoki Advogados Associados
Brazil adopts online pledge system to enforce court orders
The Central Bank of Brazil and the Superior Labour Court have signed an accord to allow
the online management of bank accounts for the purposes of court disputes. The Online
Pledge System will enable the Justice Department to block the bank accounts of citizens
who are in debt to the State Treasury.
The accord links the labour courts, the Central Bank and commercial banks. In relevant
cases, the judges will issue a block order, which will be sent electronically to the Central
Bank and from there to the commercial banks. Upon receipt of the order, the commercial
bank will block the exact amount of the debt in the c1ient's account. Once this is done, the
commercial bank informs (i) the branch where the debtor's bank account is held, and (ii) the
Central Bank. The whole operation takes only a few minutes.
Each of the regional courts has its own password to access the system. One-hundred-and-
sixty companies have already registered with the system, and 58 companies have
registered their bank accounts as those that are capable of being blocked by the system.
By registering, companies that have labour debts can avoid multiple bank accounts being
blocked.
Companies can register on the Superior Labour Court's website by completing an online
formo Within tive days of completing the form they must provide:
• documents with proof of ali their bank accounts;
• the company's tax number; and
• the tax number of the person responsible for providing the information.
Erica Aoki, Aoki e Farios Advogados Associados, São Paulo
© Copyright 2001 - 2004 Globe Business Publishing Ltd
http://www.worldebusinesslawreport.com/Artic1e/printversion.aspx?r=2976&c=43166 14/6/2004

2. Página 1 de 1
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Jun 042 03· Braz ,-c
The Brazilian Congress has approved Provisory Measure 100/02, which provides that industrial
product tax will not be charged on microprocessors worth less than R11 ,000 in 2003. The proposal
foresees that after 2003, the amount of tax levied will continue to be reduced, by 95% in 2004 and
2005, and by 70% between 2006 and 2009 (when the tax relief will cease).
tn order to be abte to take advantage of this incentive, companies will need to (i) meet certain
technical and production requirements, and (ii) invest at least 2.5% of their net domestic revenue in
research and development.
This provisory measure amends Laws 8248/91, 8387/91 and 10176/01, ali ofwhich oversee the
competitiveness of the information technology sector. The government has a history of using tax
incentives to stimulate growth in the IT sector, granting tax relieffor computers and electronic goods
in 2000.
Erica Aoki, Aoki e Farias Advogados Associados, Sao Paulo
© Copyright 2004 - 2008
Globe Business Publishing ltd