Foreign Investment

Argentina’s Rural Land Law Update

Did the Argentine Supreme Court Endorse the Milei Administration’s Policy? (Spoiler Alert: No.) On September 29, the Argentine Supreme Court dismissed a case brought by a Malvinas veterans special interest group that had obtained an injunction to overturn the repeal of Argentina’s restrictions on foreign ownership of rural land. The decision reopens Argentina’s rural land…

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Argentina’s Citizenship-by-Investment Program: Executive Policy Meets Constitutional Constraints

Argentina’s announced citizenship-by-investment program promised foreign investors a potential pathway to citizenship. Two developments in 2026 have made its future increasingly uncertain. The Government Rethinks Implementation In April 2026, the Government suspended the international tender that had been launched to engage a consulting firm to design, implement and promote the program. According to the Ministry…

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New regulation strengthens transparency and expands ultimate beneficial owner reporting requirements for entities in Brazil

Brazil has recently updated the regulations governing the identification and reporting of ultimate beneficial owners (UBOs), i.e., the individuals who ultimately own, control, or exercise significant influence over entities, including companies, investment funds, and not-for-profit organizations. The Brazilian Federal Revenue Office issued Normative Instruction RFB No. 2.290/2025, which amended Normative Instruction RFB No. 2.119/2022 and…

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Two STJ Rulings Strengthen Legal Certainty for Investors in Brazil

Two recent decisions by the Superior Court of Justice (STJ), Brazil’s highest court for ensuring uniform interpretation of federal law, address issues of particular importance to those investing in Brazil from abroad. The first concerns how a foreign company may be validly served process in a Brazilian lawsuit. The second establishes when the personal assets…

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Argentina’s Corporate Rules Are Changing: The 2026 Reforms and What May Come Next

Argentina’s corporate law reform agenda gained momentum in 2026. The Inspección General de Justicia (IGJ), the Superintendency of Corporations of the City of Buenos Aires (the country’s most prominent corporate regulator), introduced a broad package of rules to simplify corporate procedures, reduce administrative burdens and accelerate the transition to a digital registry. The process began…

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Economic Origin of Medical Devices: Key Criterion in European Public Procurement and FDI Screening

By Teodora KOLETSIS, Partner GRUIA DUFAUT & ASOCIATII The entry into force of Implementing Regulation (EU) 2025/1197[1] in June 2025 marks a significant shift in the public procurement of medical devices. For the first time, under the International Procurement Instrument (IPI), the European Commission has adopted a measure restricting the access of economic operators and…

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Rural Real Estate in Brazil: Restrictions on Foreign-Controlled Companies

On August 21, 2026, the Brazilian Federal Supreme Court (STF) published the appellate decisions in Action Against the Violation of a Constitutional Fundamental Right (ADPF) No. 342 and Original Civil Action (ACO) No. 2.463, which were jointly tried on April 23. The Court unanimously confirmed that a company organized in Brazil but with a majority…

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Milei’s Push for Deregulation: Can Argentina Finally Open Its Rural Land Market?

Argentina’s rural land market remains caught between a long-standing concept of national sovereignty and the Milei Administration’s drive to attract foreign investment. Foreign Ownership Restrictions Under the Rural Land Law In our previous article, “Argentina’s Rural Land Law: Sovereignty or Foreign Investment?,” we analyzed the restrictions imposed by the Rural Land Law (Ley de Tierras),…

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