Brazil’s Congress this year passed a sweeping reform of the nation’s 1943 Consolidated Labor Code (CLT) in a frank effort to modernize the legislation. The reform aims at promoting voluntary, out-of-court and collective bargaining solutions to labor problems. It should also help promote work flexibility and stimulate job creation. But the reform itself is complex, with more than 100 changes to the original code, including many which fundamentally alter labor-management relations in Brazil, including executive compensation matters.
Earlier this year, the Council released a policy alert with a summary of the main changes and implications of the reform. Click here to view it.
Labor attorneys at Brazil’s Mattos Filho law firm have evaluated the reform closely and analyzed its implications for businesses as of November this year, when it comes into force. Join us and Mattos Filho Advogados experts Isabel Bueno, Partner, Tax & Executive Compensation and Dario Rabay, Partner, Labor & Employment, for this productive discussion.
For more information, please contact Macon Field.More Testimonials