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Opinion: legal security is over in Brazil – and that’s bad for the economy, very bad

By Paulo Uebel

(Opinion) Legal security is the principle by which the rule of law should be predictable and stable, guaranteeing the rights of all citizens (as well as their duties) without any surprises along the way.

In Brazil, although the principle of legal security is established in Article 5 of the Constitution, many authorities, both those in elected office and those in the judiciary, seem to be unaware of its meaning and importance.

As the phrase attributed to economist and former Minister of Finance Pedro Malan puts it, "in Brazil, even the past is uncertain".

The examples are endless . . .

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