In Brazil, the consórcio — a self-financing purchasing pool — is one of the oldest and most misunderstood instruments for accessing goods and services. It became popular as an alternative to bank credit during decades of high inflation and scarce...
The growing complexity of corporate relationships, particularly in closely held corporations, has led shareholders’ agreements to assume a central role in corporate governance. However, a sensitive and recurring issue arises in business practice: is unilateral termination of a shareholders’ agreement...