Are the problems of Urbplan Desenvolvimento Urbano SA a sign of troubles ahead for the Brazilian rea

Discussion in 'Brazil Property' started by totallyproperty, Mar 22, 2014.

  1. totallyproperty

    totallyproperty Administrator Staff Member

    News that Urbplan Desenvolvimento Urbano SA has been hit with an array of lawsuits over unfinished property projects has forced investors to stump up nearly $88 million to put the company back on an even keel. Are there troubles ahead in the Brazilian real estate market or is the situation in which Urbplan Desenvolvimento Urbano SA finds itself a one-off?
     
  2. totallyproperty

    totallyproperty Administrator Staff Member

    Thanks for that very interesting insight.

    If directors/shareholders become personally liable for debts, this could make companies think again before entering into speculative ventures?
     
  3. totallyproperty

    totallyproperty Administrator Staff Member

    I think there will be great resistance in the likes of Europe/US, etc but the idea of making directors liable for their decisions should focus the minds of some people a little more :)
     
  4. ellend5

    ellend5 New Member

    Is anyone here familiar with the Brazil development from R2I, views on current position would be appreciated.
     
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