Souto Correa launches two new practice areas
Souto Correa has launched two new practice areas: climate solutions and fintechs & cryptoassets. Both are formed of attorneys already at the firm with experience in these areas.
The Climate Solutions practice area works across a broad range of disciplines to provide legal support in all areas related to the challenges of mitigation and adaptation to climate change. It provides tailored solutions in advisory, administrative, and litigation matters, particularly related to carbon markets, green hydrogen, biogas, biomethane, Reducing Emissions from Deforestation and Forest Degradation (REDD +), Fiagro — a type of investment fund focused on agro-industrial production chains — RenovaBio, I-RECs, gas RECs, waste-to-energy, and other instruments.
Mariana Níquel (pictured left) associate in Climate Solutions at Souto Correa, affirms that adopting climate change adaptation measures is no longer just a best practice, but an obligatory action by companies and entities that want to avoid financial and reputational impacts. “When these impacts are well considered, they result in business opportunities for the company and benefits for the environment and society in general.”
Souto Correia’s experience in the cryptoasset and fintech market includes providing legal advice on the establishment and operation of companies regulated by the Brazilian Central Bank (BCB) and the Brazilian Securities and Exchange Commission (CVM), as well as cryptoasset issuers and exchanges, and assessing the legal and compliance requirements related to such activities.
According to Gabriel Stanton (pictured right), associate in Souto Correa’s Fintechs and Cryptoassets practice area, Brazil is experiencing a revolution in both sectors and is increasingly attracting the attention of foreign players. In this context, the market requires specific knowledge about both sectors of the economy, which already have specific rules that directly affect both activities. It is worth noting that the law on cryptocurrencies came into force on June 20 and the Brazilian Central Bank will regulate the providers of so-called virtual assets.
In the past few years, the Brazilian Central Bank has been actively supporting innovative initiatives. PIX, open finance, and CBDC are just some examples. “This favorable regulatory approach has encouraged the emergence of new players and new financial solutions that combine technology and finance and bring significant benefits to society. We are excited about the future and the opportunities that will arise from it”, says Isadora Postal Telli, associate in Souto Correa’s Fintechs and Cryptoassets practice area.
