The legal environment of Brazil

Describe the legal environment of Brazil, making specific references to - the rule of law (to what extent is Brazil governed by law as opposed to arbitrary decisions of individual government officials) and - laws that govern foreign direct investment (for example, are there provisions to attract foreign direct investment, such as tax incentives, most-favored-nation treatment, dispute resolution fora; or provisions that restrict foreign direct investors such as high local content requirements or currency exchange restrictions).