Brazil’s Land Protected From Foreigners

By Michael Royster, Senior Contributing Reporter

RIO DE JANEIRO - On August 23rd the Diário Oficial da União published an order signed by President Lula, approving a formal Opinion (Parecer CGU/AGU No. 01/2008) issued by the government's lawyers the A.G.U. (Advocacia-Geral da União), reinstating the validity of a law from 1971 which placed limits on the acquisition of rural land by Brazilian companies majority owned by foreigners.

Non-resident foreign individuals . . .

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