Law No. 13.303/2016 — State-Owned Enterprises Statute (Lei das Estatais)

Lei nº 13.303, de 30 de junho de 2016 — Estatuto jurídico da empresa pública, da sociedade de economia mista e de suas subsidiárias

Overview

Legal statute for federal, state and municipal public enterprises and mixed-capital companies, which carry out a large share of Brazilian public investment (e.g., energy and infrastructure). It mandates corporate-governance standards, board structures, transparency, risk management and internal controls, and a dedicated tendering/contracting regime, materially shaping how SOE investment is appraised, approved and overseen.

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