Few issues in the tax area have had so many repercussions in recent times as Provisional Measure 627/2013.

On October 31, 2008, the Brazilian Securities Exchange Commission ("CVM") issued Rule No. 472 ("ICVM 472") which introduced significant changes in the regulation of Real Estate Investment Funds

Pursuant to article 1.078 of the Civil Code and articles 132 and 133 of the Corporations Law, LLCs and Corporations should hold a Shareholders’ Meeting.

Investing in the real estate business in Brazil continues to be an attractive opportunity for foreign investors, despite the remarkable development of this market in the recent years.

Please note that the former rules were limited to prospecting and exploration phases, while the modifications brought by MP 795/17 extended such rules to the exploration and production phases of oil or natural gas.