Lei 14.620/2023 and Loan Contracts of EFPC
22 de September de 2023
On July 14, 2023, Law No. 14,620 came into effect, which, among other matters, amended the Code of Civil Procedure, including in Article 784, paragraph […]
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Brazilian Insurers Rocked By Susep’s Muddled Sanctions Ruling
In July 2019, the Brazilian insurance regulator, SUSEP, issued an update on the embargoes and sanctions clauses of Brazilian insurance contracts which has caused a major stir among Brazilian insurers.
“The initial trigger and background to this story was a specific case involving the Cuban beneficiary of a travel insurance policy. Anyway, as a result of the ruling, that is applicable to all the insurance policies to be issued in Brazil, Brazilian insurers may be held widely responsible for sanctions violations.
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