Legal opinion regarding the bill involving guarantee rights that was proposed by the Brazilian Executive Branch (Bill 4,188/2021)
Keywords:
Bill involving guarantee rights, Legislative Procedure, Operation of guarantee rights, Consumer credit protection, Financial system regulation in BrazilAbstract
The Brazilian Executive Branch has presented to the Congress a bill involving guarantee rights. The purpose of such bill is to establish a new framework to ensure that debtors’ liabilities are met. Notwithstanding the alleged purposes, the paper advocates that such bill shall not pass due to flaws involving legislative initiative and the bill’s content by itself.
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