ANNOUNCEMENT 22 Apr 2015In April 2015, the government of Brazil announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Pablo Meira Queiroz of TozziniFreire Advogados, 1 May 2015: http://www.tozzinifreire.com.br/en/news/real-estate/?utm_source=Mondaq&utm_medium=syndication&utm_campaign=View-Original
Pablo Meira Queiroz, 28 April 2015, 'Provimento n? 43/2015 da Corregedoria Nacional de Justi?a': http://next.lexology.com/library/detail.aspx?g=60ebb196-c8ee-4fd0-8243-a4748a9c3875
Corregedoria Nacional da Justi?a, Provimento No. 43 of 17 April 2015: http://www.cnj.jus.br/busca-atos-adm?documento=2935
On 22 April 2015, Provision No. 43 introduced additional restrictions on the lease of rural lands to foreigners. Lease agreements have to be executed through a public deed by a notary. This prerequires an authorization from the Brazilian National Institute of Land Settlement and Agrarian Reform (INCRA) which is valid for 30 days during which the deed has to be notarized.