The increasing sophistication of the capital market is also expanding the complexity of the legal relationships involving investment funds. This text analyzes two themes that have gained particular relevance and were recently highlighted by the Business & Labor Clipping: the limits of civil liability of the different participants in the fund structure and the effectiveness of arbitration clauses stipulated in their regulations. Based on CVM Resolution 175, REsp 2.230.861/GO, and debates on investor protection and arbitration, the text examines how legal certainty depends on the adequate delimitation of duties, competencies, and responsibilities—an issue that increasingly brings together Business Law, the capital market, and conflict resolution.

Not all economic activity constitutes a business. In Case 1.228, the Superior Court of Justice (STJ) ruled that notary offices, although they have structure, employees, and a CNPJ (Brazilian tax identification number), do not possess the organizational autonomy that defines a business entity. This precedent shows that economic activity is not the same as business activity, and that mixing these concepts can have serious impacts on taxation and insolvency.

Published in Migalhas Newsletter No. 6,379, June 29, 2026

The evolution of corporate governance is bringing Labor Law and Business Law closer together in an increasingly intense way. The article published in the "Organizational Law" column of the Migalhas newsletter and reported in the Business & Labor Clipping of June 30, 2026, analyzes how topics such as labor compliance, psychosocial risks, ESG, and occupational health have become part of the strategic core of organizations, requiring a cross-cutting legal approach—the so-called intersectional advocacy.

The 3rd Panel of the Superior Court of Justice (STJ) ruled that exercising the right of first refusal, when carried out under the conditions offered by a third party, creates a binding obligation and prevents unjustified withdrawal. This case, highlighted in the Business and Labor Clipping of June 12, 2026, reinforces the importance of objective good faith, the protection of trust, and the limits of due diligence in business transactions. The precedent strengthens legal certainty in corporate negotiations and confirms liability for damages resulting from the unjustified breach of assumed obligations. The work of Tavares Borba Advogados, representing PREVHAB Previdência Complementar in the case, also deserves mention.

""Discussions about the 5x2 work schedule go far beyond the duration of work. They highlight the importance of social dialogue, collective bargaining, and business labor mediation as instruments for preventing conflicts and building sustainable solutions for companies and workers.""

""Discussions about the 5x2 work schedule go far beyond the duration of work. They highlight the importance of social dialogue, collective bargaining, and business labor mediation as instruments for preventing conflicts and building sustainable solutions for companies and workers.""

Brazil's Superior Court of Justice (STJ) limits liability in investment funds and reinforces functional segmentation in the financial market.

Large Limited Liability Companies and Publication of Financial Statements: Superior Court of Justice Reinforces the Principle of Legality