The Federal Supreme Court (STF) recognizes the General Repercussion on the scope of Property Transfer Tax (ITBI) immunity in capital contributions involving real estate
Last Wednesday, the Federal Supreme Court (STF) recognized the General Repercussion of the debate on the application of Property Transfer Tax (ITBI) immunity in property transfers for capital contribution, as provided in Article 156, paragraph 2, item I, of the Constitution. The issue to be decided is whether this immunity also applies when the company’s main activity involves real estate (purchase, sale, or lease of property).
INCRA opposes the transfer of control of Eldorado Brasil Celulose S.A
At the end of 2023, the National Institute of Colonization and Agrarian Reform (INCRA) notified the São Paulo Commercial Board (JUCESP) and the Securities and Exchange Commission (CVM) about the impossibility of selling the controlling interest of Eldorado Brasil Celulose S.A. (Eldorado) to C.A. Investment Brasil S.A. (CA Investment), due to the lack of prior authorization from the National Congress, as stipulated in the applicable legislation.
Federal Supreme Court lifts injunction regarding judicial proceedings on the acquisition of rural properties by foreigners
The injunction previously granted to suspend all ongoing judicial proceedings related to the topic has not been ratified.
Supreme Federal Court suspends proceedings on acquisition and leasing of rural properties by foreigners
An injunction has suspended all ongoing judicial proceedings related to the subject.
