Metaverse and digital meetings, cooperation and risks By Mariana Valverde and Gabriela Cardoso The possibility of public companies also holding their meetings in virtual and augmented reality environments, such as Metaverse, is heating up discussions about the application of innovations in the business world. During the pandemic, the CVM allowed hybrid or exclusively digital meetings and avoided postponing important decisions. The practice has been well accepted. Recently, a Spanish company held its first shareholders' meeting in the immersive space of the Metaverse. Thus, combining the benefits of the practice with the constant advance of technology, a trend was created to optimize decision-making. With this in mind, Abrasca asked the CVM about holding this type of meeting in the Metaverse. The answer came in technical opinion 146, which formalized the understanding that, respecting the legal requirements of traditional meetings, companies can use the technology. The process should function normally, with meetings recorded, shareholders' attendance and votes recorded. Those who choose can start using the format immediately, as there is no need for the company to have its registered office in the immersive Metaverse space. In this way, even families whose investments are regulated by the CVM through publicly traded family companies, where managers tend to treat them as an extension of their family assets, will be able to approve and disapprove issues much more easily and quickly. However, just as in the physical face-to-face rite, it is necessary to adopt a series of procedures and precautions to hold the meeting, its transfer to virtual reality will require an important amount of guarantees so that they are not invalidated. It is also important to guarantee the security and preservation of digital data. *Mariana Valverde and Gabriela Cardoso, respectively partner and member of Moreau Valverde Advogados.