IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.12% USD/MXN17.51▼ 0.11% USD/CLP932.70▲ 0.85% USD/COP3,247▼ 0.49% USD/PEN3.40▼ 0.23% USD/ARS1,482▼ 0.07% USD/UYU 40.22 — 0.00% USD/PYG6,045▲ 1.22% USD/BOB10.35▲ 6.04% USD/DOP58.37▲ 0.49% USD/CRC448.53▲ 1.22% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.41% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▲ 1.05% EUR/BRL5.84▲ 0.35% BRENT 86.42 ▲ 3.75% WTI 80.51 ▲ 3.03% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.31% GOLD 4,027 ▲ 0.76% SILVER 58.35 ▲ 1.23% SOY 1,188 ▼ 1.16% CORN 457.75 ▲ 4.57% WHEAT 633.00 ▲ 0.96% COFFEE 311.15 ▼ 8.86% SUGAR 14.78 ▲ 0.20% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,939 ▲ 0.34% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,667 ▲ 0.69% ETH 1,787 ▲ 0.74% SOL 75.28 ▲ 0.56% XRP 1.07 ▲ 0.39% BNB 570.52 ▲ 0.69% ADA 0.16 ▲ 1.06% DOGE 0.07 ▲ 0.44% AVAX 6.52 ▲ 1.18% LINK 7.94 ▲ 0.82% DOT 0.84 ▲ 0.77% LTC 43.61 ▲ 0.28% BCH 235.90 ▼ 0.14% TRX 0.32 ▲ 0.13% XLM 0.18 ▼ 1.25% HBAR 0.07 ▼ 0.83% NEAR 1.99 ▲ 3.77% ATOM 1.53 ▼ 0.58% AAVE 95.59 ▲ 1.30% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,598 ▼ 0.02% USD/ZAR16.47— 0.00% USD/NGN 1,378 — 0.00% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,065 ▼ 0.60% KOSPI 6,857 ▲ 0.73% JCI 6,033 ▼ 0.07% USD/JPY162.30▼ 0.09% USD/CNY6.78▼ 0.05% DAX 24,973 ▼ 0.56% CAC 8,296 ▼ 0.82% FTSE 10,444 ▼ 0.51% MIB 52,460 ▼ 0.66% IBEX 19,147 ▼ 0.97% STOXX 636.57 ▼ 0.69% EUR/USD1.14▲ 0.18% GBP/USD1.34▼ 0.13% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.35 ▲ 1.11% USD/CAD1.41▼ 0.39% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.12% USD/MXN 17.51 ▼ 0.11% USD/CLP 932.70 ▲ 0.85% USD/COP 3,247 ▼ 0.49% USD/PEN 3.40 ▼ 0.23% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 — 0.00% USD/PYG 6,045 ▲ 1.22% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.37 ▲ 0.49% USD/CRC 448.53 ▼ 0.06% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.41% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▲ 0.24% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.84 ▲ 0.35% BRENT 86.42 ▲ 3.75% WTI 80.51 ▲ 3.03% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.31% GOLD 4,027 ▲ 0.76% SILVER 58.35 ▲ 1.23% SOY 1,188 ▼ 1.16% CORN 457.75 ▲ 4.57% WHEAT 633.00 ▲ 0.96% COFFEE 311.15 ▼ 8.86% SUGAR 14.78 ▲ 0.20% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.66 ▲ 2.29% COCOA 5,939 ▲ 0.34% BEEF 230.83 ▼ 1.86% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.58 ▼ 1.54% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.26 ▲ 0.62% GRUMA 281.09 ▼ 0.87% KIMBER 38.20 ▲ 0.34% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,667 ▲ 0.69% ETH 1,787 ▲ 0.74% SOL 75.28 ▲ 0.56% XRP 1.07 ▲ 0.39% BNB 570.52 ▲ 0.69% ADA 0.16 ▲ 1.06% DOGE 0.07 ▲ 0.44% AVAX 6.52 ▲ 1.18% LINK 7.94 ▲ 0.82% DOT 0.84 ▲ 0.77% LTC 43.61 ▲ 0.28% BCH 235.90 ▼ 0.14% TRX 0.32 ▲ 0.13% XLM 0.18 ▼ 1.25% HBAR 0.07 ▼ 0.83% NEAR 1.99 ▲ 3.77% ATOM 1.53 ▼ 0.58% AAVE 95.59 ▲ 1.30% 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Brazil Politics - Brazil

Analysis: Lula, Moro and Lava Jato, as Brazil’s Supreme Court enters the political thicket

By · April 17, 2021 · 3 min read

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Rio de Janeiro, Brazil – On April 14, Brazil’s Supreme Court (STF), in plenary session, began hearing the appeals from the decision by Justice Edson Fachin that voided the convictions of former president Lula, because Judge Moro’s court in Curitiba did not have jurisdiction to hear the cases.

In that decision, Fachin ordered all the case files sent to a lower court in the Federal District, for that court to review the files and take charge of the cases.

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Sérgio Moro. (Photo internet reproduction)
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The day after Fachin’s decision, the Second Panel of the STF decided that, in the “triplex” case against ex-President Lula, Judge Moro had acted with bias rather than impartiality, and ordered all material, in that case, to be expunged.

There were two appeals filed at the STF: (1) the Federal Prosecutor General (PGR) sought to reverse Fachin’s decision and reaffirm jurisdiction of the Curitiba court; (2) Lula’s counsel sought to broaden the scope of the STF Second Panel decision to include all cases involving the ex-President heard by Judge Moro.

On April 15, the STF decided only the first of these questions: by an 8-3 vote (Justices Nunes Marques, Marco Aurélio and Luiz Fux dissenting), the majority affirmed Justice Fachin’s decision that Moro’s courthouse in Curitiba did not have jurisdiction to hear any of the four cases involving Lula.

The court, however, put off till its next plenary session, on Thursday, April 22, any decision on two related issues.

The first (and less important) of these questions is whether Fachin was correct in remanding all the cases involving Lula to the court in the Federal District. Justice Alexandre de Moraes opined that the proper forum to hear all four cases was São Paulo; several other Justices gave no opinion as to which court should eventually have jurisdiction.

The more important issue, left for next Thursday’s session, involves the validity and scope of the decision by the STF Second Panel, holding that Judge Moro, in the case involving the “triplex” apartment, had been partial and had collaborated with the prosecutors. This decision declared void all pre-trial and trial procedures conducted by Judge Moro in the “triplex” case.

Put briefly, the STF must now decide whether, after Justice Fachin had declared Moro’s court incompetent in all cases involving Lula – a “monocratic” decision now ratified by the full STF – the Second Panel should have analyzed the question of bias by Judge Moro in one of those cases.

Fachin’s position is that the question of bias is moot (meaning there is no need to decide the question) when the judge had no jurisdiction to hear the case in the first place. In other words, the judge’s lack of jurisdiction nullifies all his decisions, so it does not matter – legally – whether or not he was biased.

No one knows how the STF will decide this issue, but almost everyone expects a divided 6-5 vote.

Those on one side will argue that Fachin’s decision was an artifice, a ploy designed to reach a result that would preserve Lava Jato. Those on the other side will charge the Second Panel with wanting to eviscerate Lava Jato.

Looked at this way, the person the STF will be judging next Thursday is not really former President Luiz Inácio Lula da Silva, but rather former Judge Sergio Fernando Moro.

Those who defend the Judge say they do so not in his own name, but in the name of what he and Lava Jato represent, in particular the fight against corruption. They truly believe these actions are essential to the advance of Brazilian civilization.

The other side point to irregularities in Lava Jato operations, holding that illegalities should not be used to pursue criminals. They truly believe this concept is essential to the advance of Brazilian civilization.

The necessary consequence of this imbroglio is that, just as happened in 2018, the Judiciary has found itself trapped deep inside a thorny political thicket. This Thursday’s STF decision – whichever way it goes – will certainly affect the next presidential elections.

In practical terms, upholding Fachin’s decision will allow the new court judging Lula to convict him once again, which could lead to his being declared ineligible for public office. Upholding the Second Panel’s decision will mean Lula cannot be convicted by the new court.

Source: Migalhas

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