Brazilian Superior Court of Justice rules out lender liability for delivery delays in real estate development projects

Ruling on divergence appeals in EAREsp 2,422,743 on 23 September, the STJ’s Second Section unanimously held that a bank acting solely as the lender to a real estate development cannot be named as a defendant in buyers’ claims for construction defects or delivery delays. According to reporting Justice Maria Isabel Gallotti, monitoring construction progress and releasing funds accordingly are features of the financing contract, unless the agreement expressly assigns construction obligations to the fiduciary creditor.

Read the full article: Migalhas

Foto: Canva

MORE PUBLICATIONS

Europe’s changing oil supply patterns strengthen Brazil’s export position

16.10.2026 | Newsletters

Brazil’s trade relationship with the European Union has undergone a significant shift in 2026, driven largely by increased crude oil exports. According to Fundação Getulio Vargas’ Icomex report, Brazil’s trade balance with the EU moved from a US$1 billion deficit in...

Oeste de Jubarte advances toward a potential pre-salt auction

15.10.2026 | Newsletters

ANP has approved geological, geophysical and economic studies concerning Oeste de Jubarte, a prospective offshore block located in the Campos Basin. The area covers approximately 690 square kilometers within Brazil’s pre-salt polygon and is adjacent to the established...

Inhaúma’s revival: the P-35 tests Brazil’s offshore asset-services papacity

14.10.2026 | Newsletters

Petrobras’ P-35 FPSO was scheduled to berth at the former Inhaúma Shipyard, in Rio de Janeiro, on October 19, 2026, marking an important step in the revitalization of a facility that has remained inactive in shipbuilding and repair activities for approximately a...