ANNOUNCEMENT 22 Apr 2015

In April 2015, the government of Brazil announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE



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


Inception date: 22 Apr 2015 | Removal date: open ended

FDI: Treatment and operations, nes

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A