Francisco de Assis Marques v Center Trading Indústria e Comércio Ltda – a case note regarding limited liability in Brazilian Law
DOI:
https://doi.org/10.14296/islr.v2i2.2174Abstract
This case note provides an objective notion regarding limited liability in Brazilian law. Francisco de Assis Marques v Center Trading Indústria e Comércio Ltda is a recent case from February, 2013, decided by the Brazilian Supreme Federal Court. The case note is divided into five parts. The first part provides a notion about the Brazilian courts’ system and its decisions on limited liability. The second part presents the Brazilian Superior Labour Court’s position on this subject. The third part discusses the interpretation given on this issue by the Brazilian Superior Court of Justice regarding limited liability. In the fourth part the proper case study is developed, clarifying the facts involved, the Court’s decision and its effects. Finally, in the fifth part I present my conclusions linking this subject to the initiative of a new Brazilian Commercial Code, affirming that this important event may have a great efficacy not just by the means of well-drafted general rules but also as a great opportunity to the Brazilian legal community to unify its position about the matter, and to provide more legal certainty for investments in the country.
Downloads
Downloads
Issue
Section
License
Work published in the IALS Student Law Review is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Those who contribute items to IALS Student Law Review retain author copyright in their work but are asked to grant two licences. One is a licence to the Institute of Advanced Legal Studies, School of Advanced Study of the University of London, enabling us to reproduce the item in digital form, so that it can be made available for access online in the open journal system and repository and website. The terms of the licence which you are asked to grant to the University for this purpose are as follows:
'I grant to the University of London the irrevocable, non-exclusive royalty-free right to reproduce, distribute, display, and perform this work in any format including electronic formats throughout the world for educational, research, and scientific non-profit uses during the full term of copyright including renewals and extensions'
The other licence is for the benefit of those who wish to make use of items published online in IALS Student Law Review and stored in the e-repository. For this purpose we use a Creative Commons licence allowing others to download your works and share them with others as long as they mention you and link back to your entry in IALS Student Law Review and/or SAS-SPACE, but they can't change them in any way or use them commercially.