Stock Market News

Court gives 5 days for X to validate its Brazil legal representative

2024.09.21 11:45

BRASILIA (Reuters) – The Brazilian Supreme Court gave Elon Musk-owned social platform X five days to present documents validating its new legal representative in the country, a court decision showed on Saturday.

X lawyers said late on Friday that it had named a legal representative in Brazil, addressing one of the demands imposed by the court to allow the social platform to resume operations in the country.

In his Saturday decision, Supreme Court judge Alexandre de Moraes gave five days for X to provide commercial registries and other documents proving that X formally signed Rachel de Oliveira Conceicao as its Brazil legal representative.

Brazil’s top court in late August ordered mobile and internet service providers to block X in Brazil, and users were cut off within hours, after X did not comply with court demands including naming a legal representative.

Brazilian law requires foreign companies to have a legal representative to operate in the country. The representative would assume the legal responsibilities for the firm locally.

© Reuters. FILE PHOTO: 'X' logo is seen on the top of the headquarters of the messaging platform X, formerly known as Twitter, in downtown San Francisco, California, U.S., July 30, 2023. REUTERS/Carlos Barria/File Photo

X had a legal representative in Brazil until mid-August, when it decided to close its offices and fire its staff in the country.

The move followed a months-long dispute between Musk and Moraes over the firm’s non-compliance with court orders demanding the platform to take action against the spread of hate speech, which the billionaire denounced as censorship.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 85,242.84 1.92%
ethereum
Ethereum (ETH) $ 2,198.83 0.52%
tether
Tether (USDT) $ 0.999735 0.03%
xrp
XRP (XRP) $ 2.14 0.69%
bnb
BNB (BNB) $ 607.30 3.54%
solana
Solana (SOL) $ 140.19 2.96%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.202398 2.08%
cardano
Cardano (ADA) $ 0.633986 1.06%
staked-ether
Lido Staked Ether (STETH) $ 2,199.72 0.49%
tron
TRON (TRX) $ 0.230796 0.47%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,035.78 1.68%
hedera-hashgraph
Hedera (HBAR) $ 0.234804 13.08%
litecoin
Litecoin (LTC) $ 124.63 0.08%
chainlink
Chainlink (LINK) $ 14.64 0.56%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,622.60 1.27%
stellar
Stellar (XLM) $ 0.29881 5.92%
leo-token
LEO Token (LEO) $ 9.74 5.29%
sui
Sui (SUI) $ 2.81 0.61%
avalanche-2
Avalanche (AVAX) $ 21.44 1.90%
the-open-network
Toncoin (TON) $ 3.26 1.83%
shiba-inu
Shiba Inu (SHIB) $ 0.000014 1.43%
usds
USDS (USDS) $ 1.00 0.06%
mantra-dao
MANTRA (OM) $ 7.43 0.67%
polkadot
Polkadot (DOT) $ 4.59 1.84%
hyperliquid
Hyperliquid (HYPE) $ 18.97 1.52%
weth
WETH (WETH) $ 2,198.09 0.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 309.64 0.17%
ethena-usde
Ethena USDe (USDE) $ 0.998709 0.03%
bitget-token
Bitget Token (BGB) $ 4.04 2.16%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,331.84 0.52%
uniswap
Uniswap (UNI) $ 7.40 0.04%
monero
Monero (XMR) $ 217.39 3.46%
whitebit
WhiteBIT Coin (WBT) $ 26.42 0.11%
near
NEAR Protocol (NEAR) $ 3.20 5.50%
aptos
Aptos (APT) $ 6.37 0.10%
dai
Dai (DAI) $ 1.00 0.02%
pepe
Pepe (PEPE) $ 0.000007 5.75%
ondo-finance
Ondo (ONDO) $ 0.995746 1.04%
internet-computer
Internet Computer (ICP) $ 6.42 0.79%
susds
sUSDS (SUSDS) $ 1.04 0.04%
aave
Aave (AAVE) $ 190.71 1.35%
ethereum-classic
Ethereum Classic (ETC) $ 18.93 1.33%
bittensor
Bittensor (TAO) $ 330.99 1.08%
okb
OKB (OKB) $ 45.10 0.80%
gatechain-token
Gate (GT) $ 20.71 0.12%
official-trump
Official Trump (TRUMP) $ 12.99 1.56%
mantle
Mantle (MNT) $ 0.746743 3.38%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,272.85 1.95%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.272227 1.34%