Tag: Uruguayan land price

• Wednesday, November 13th 2013 - 00:16 UTC

  Uruguay sends bill to parliament banning ownership of land by foreign companies or governments

  

  The Uruguayan government sent a draft law to parliament Tuesday that would ban the ownership of land by companies if they are in any way linked to foreign countries. The measure states it “aims to avoid the risk of foreign states breaching the sovereignty of the Uruguayan state in the absence of appropriate regulations and occupying a significant position in agricultural activity.”