Brazil court approves R$40M settlement ending decade-long Riviera de São Lourenço dispute

A Brazilian federal court approved a mediated settlement ending a ten-year public civil action over the Riviera de São Lourenço development in Bertioga, São Paulo. The agreement, involving federal and state authorities, environmental agencies, and companies, mandates approximately R$40 million in environmental and infrastructure compensations without public funds. This resolves a long-standing legal conflict, potentially easing regulatory uncertainty for the involved developers.