Post by account_disabled on Feb 24, 2024 23:26:52 GMT -6
Drex is based on blockchain technology, issued and guaranteed by the Central Bank, which promises to enable smart contracts — smart contracts built on a blockchain network that enable the automatic execution of agreed terms and conditioned and simultaneous payment. This technological innovation has several characteristics that distinguish it from other cryptocurrencies and that can make it especially relevant for M&A transactions. This is because the blockchain technology underlying Drex offers conditioned and reversible payment issuance, which aims to prevent fraudulent transactions, providing a safer environment and greater traceability of transactions.
reproduction
Unlike volatile cryptocurrencies, the value of Drex will remain stable, since this is the Real itself, arranged on a blockchain network. This stability is crucial for its use in business transactions, in which value predictability is essential. Furthermore, access to Drex will not be provided directly to account holders, but rather through virtual wallets linked to payment institutions, such as banks and banking correspondents, in order to guarantee security and adequate regulation during transactions.
In the context of general transactions, Drex presents some B2B Email List opportunities for business development, among which the conditioned and instant issuance and the immutable record of transactions, valuable for auditing purposes, offered by blockchain technology stand out. Initially, Drex will work on the financial settlement of public securities, so its application will be restricted to those operations linked to the public registry.
In the specific context of mergers and acquisitions operations, Drex can be used not only as a means of payment for the acquisition of assets or shares, but also as a form of guarantee, including an escrow account , and a form of compensation payment. . However, despite promising applications of Drex, some challenges persist in the scenarios of operations carried out in M&A, mainly when it comes to compliance with conditions precedent or obligations to indemnify, that is, especially with regard to the application of Drex in transactions not linked to public securities .
For example, in the case of obligations to do, provided for in precedent conditions for the purchase and sale of shares, it is undetermined how the process would take place and who would be responsible for checking compliance with this particular obligation so that the financial transaction takes place. . Or, even, in an event of compensation, the mechanism for verifying the act that gives rise to the obligation to compensate and, consequently, its implementation based on Drex's conditionality is uncertain.
After the constitution of the foreign holding company and transfer of the shareholding structure of the national company, we must follow the process to make such holding company a direct partner of the Brazilian operating company. Among the necessary steps, we highlight the registration in the National Register of Legal Entities (CNPJ) and the registration of foreign investment (RDE-IED) with the Central Bank of Brazil to guarantee the traceability and transparency of international financial operations, in addition to provide relevant information to the national government regarding the inflow of foreign capital.
Next, the corporate acts of the national company, necessary for the approval of such restructuring, must be drawn up, such as minutes of the board of directors meeting or general assembly, depending on the company's corporate governance, in order to authorize and formalize the entry of the holding company. foreigner as a partner holding 100% of its shareholding. It is also necessary to register foreign exchange operations and execute symbolic exchange contracts related to the international quota or share conference.
reproduction
Unlike volatile cryptocurrencies, the value of Drex will remain stable, since this is the Real itself, arranged on a blockchain network. This stability is crucial for its use in business transactions, in which value predictability is essential. Furthermore, access to Drex will not be provided directly to account holders, but rather through virtual wallets linked to payment institutions, such as banks and banking correspondents, in order to guarantee security and adequate regulation during transactions.
In the context of general transactions, Drex presents some B2B Email List opportunities for business development, among which the conditioned and instant issuance and the immutable record of transactions, valuable for auditing purposes, offered by blockchain technology stand out. Initially, Drex will work on the financial settlement of public securities, so its application will be restricted to those operations linked to the public registry.
In the specific context of mergers and acquisitions operations, Drex can be used not only as a means of payment for the acquisition of assets or shares, but also as a form of guarantee, including an escrow account , and a form of compensation payment. . However, despite promising applications of Drex, some challenges persist in the scenarios of operations carried out in M&A, mainly when it comes to compliance with conditions precedent or obligations to indemnify, that is, especially with regard to the application of Drex in transactions not linked to public securities .
For example, in the case of obligations to do, provided for in precedent conditions for the purchase and sale of shares, it is undetermined how the process would take place and who would be responsible for checking compliance with this particular obligation so that the financial transaction takes place. . Or, even, in an event of compensation, the mechanism for verifying the act that gives rise to the obligation to compensate and, consequently, its implementation based on Drex's conditionality is uncertain.
After the constitution of the foreign holding company and transfer of the shareholding structure of the national company, we must follow the process to make such holding company a direct partner of the Brazilian operating company. Among the necessary steps, we highlight the registration in the National Register of Legal Entities (CNPJ) and the registration of foreign investment (RDE-IED) with the Central Bank of Brazil to guarantee the traceability and transparency of international financial operations, in addition to provide relevant information to the national government regarding the inflow of foreign capital.
Next, the corporate acts of the national company, necessary for the approval of such restructuring, must be drawn up, such as minutes of the board of directors meeting or general assembly, depending on the company's corporate governance, in order to authorize and formalize the entry of the holding company. foreigner as a partner holding 100% of its shareholding. It is also necessary to register foreign exchange operations and execute symbolic exchange contracts related to the international quota or share conference.