[JMBroad]

Who are the independent lawyers and are they based in Brasil or abroad?

It sounds like both lawyers are saying the same thing, except one is saying that it's a problem and the other is saying it's not an issue.

Manzanares:
"If the developer defaults, the bank will take on the liability and we owe the purchase price to the bank."

Independent:
"should the developer default then we will have to repay the bank loan."

Or does the independent lawyer think that you'd have to pay interest, etc? I'm also assuming that if you are repaying the loan on the construction price, that will be significantly cheaper than the purchase price (cost price vs sales price) so any additional bank costs should be covered.

But yes, also interested, what was the outcome?