New Deadline Established By IBAMA For The Conversion Of Environmental Fines

On August 10, 2018, Normative Instruction IBAMA No. 18/2018 was published, which has extended the deadline for all legal entities to express their interest in the conversion of environmental fines to within 240 days, calculated from the date of publication of IBAMA Normative Instruction No. 06/2018 (February 16, 2018). That is, an interested party has until October 15, 2018, to file the "Expression of Interest Form for Conversion of Environmental Fines" ("Formulário de Manifestação de Interesse pela Conversão de Multas Ambientais"), in which the legal entity must indicate the option of either the direct or indirect conversion method, independent of the project's submission, through a document addressed to the competent authority for the judgment of the notice of infraction or hierarchical appeal ("recurso hierárquico").