Brazil

According to local media reports, the Brazilian government is formulating a new rule that would further limit foreign ownership of land in the country. The new rule would close loopholes that exist in the current legislation, such as purchasing land via Brazilian companies. We wait to see whether such legislation is enforced, but these reports do suggest the authorities are becoming increasingly concerned about the extent to which foreign, particularly Asian, firms are taking significant ownership of Brazil's key agricultural and mineral wealth.

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