Regulatory Law
As a result of the state funding crisis and reintroduction of democracy in the 1980s, Brazil’s traditional model of direct state intervention in the economy gave way to a more moderate model, in which the government started to act mainly through indirect intervention in markets, by way of regulations, subsidies and supervision.
These changes had a major impact on the law, which needed to adapt by setting up state institutions and mechanisms needed to enable this new conduct while establishing their limits.
