ANNOUNCEMENT 07 Oct 2014In October 2014, the government of Brazil announced changed rules for foreign investors.
NUMBER OF INTERVENTIONS
Elysangela de Oliveira Rabelo of TozziniFreire Lawyers, news item: http://www.tozzinifreire.com.br/en/news/life-sciences-healthcare/
Provisional Measure no. 656 of 7 October 2014, published in the Official Gazette of 8 October 2014: http://www.camara.gov.br/proposicoesWeb/prop_mostrarintegra;jsessionid=CDC45A4E0F420E1C2D436A4C7CE6C6BB.proposicoesWeb2?codteor=1280517&filename=MPV+656/2014
Law no. 13.097 of 19 January 2015, published in Official Gazette of 20 January 2015, see Chapter XVII: http://www.planalto.gov.br/ccivil_03/_Ato2015-2018/2015/Lei/L13097.htm
On 7 October 2014, the President of Brazil, Dilma Rousseff, issued Provisional Measure no. 656 allowing foreign investment in the national healthcare sector. The measure which was later turned into Law no. 13.097/2015 by the Congress permits foreign companies to fully (directly or indirectly) participate in the healthcare sector, e.g., clinics, laboratories, and production of drugs. Previously, the market was - with very few exceptions - closed to foreign investment.