Título: | THE JUDICIAL REVIEW OF BUILT-TO-SUIT CONTRACTS | ||||||||||||
Autor: |
BRUNO TAYAH CHOR |
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Colaborador(es): |
ALINE DE MIRANDA VALVERDE TERRA - Orientador |
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Catalogação: | 29/MAI/2025 | Língua(s): | PORTUGUESE - BRAZIL |
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Tipo: | TEXT | Subtipo: | THESIS | ||||||||||
Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=70679&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=70679&idi=2 |
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DOI: | https://doi.org/10.17771/PUCRio.acad.70679 | ||||||||||||
Resumo: | |||||||||||||
To analyze the different existing contractual modalities, it is essential to pay attention to
the economic operation they aim to achieve. In the case of built to suit contracts, the
financial logic that underpins the operation is that of investment. On one side, the user
seeks working capital, while on the other, the investor aims for a return on investment.
The operation is highly complex and often involves several parties through the use of
securitization instruments. The BTS has as its essential characteristic the combination of
construction and usage assignment payments, with the counterpart being the payment of
a monthly price. In this context, there is a significant debate regarding its qualification.
The doctrine discusses whether built to suit contracts are a typical contract with some
peculiarities or if, due to the necessity of combining elements from both construction
contracts and leasing, it would be considered an atypical mixed contract. This debate is
not merely academic, as it generates relevant practical consequences for the applicable
legal regime. Legislators sought to resolve the impasse with article 54-A of the 8.245/91
law. However, due to the protective nature of this legal framework, some of its provisions
are incompatible with a business relationship like that of built to suit. Given the
complexity of the operation, it is crucial that the legal system provides security to the
parties that the agreed payments will be fulfilled. In this scenario, judicial review should
be considered exceptional and applied with extreme caution, as failing to do so may
distort the economic operation intended by the parties and, consequently, discourage its
use, negatively affecting the real estate market and the economy as a whole.
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