IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.08▼ 0.29% USD/MXN17.40▼ 0.18% USD/CLP932.65▼ 0.20% USD/COP3,242▼ 0.83% USD/PEN3.40▲ 0.20% USD/ARS1,477▼ 0.30% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.11% BRENT 91.15 ▲ 2.16% WTI 84.32 ▲ 1.31% IRON ORE 161.91 — — COPPER 6.55 ▲ 3.95% GOLD 4,082 ▲ 1.78% SILVER 59.28 ▲ 4.36% SOY 1,224 ▼ 0.18% CORN 474.75 ▲ 5.62% WHEAT 671.75 ▼ 0.33% COFFEE 323.50 ▼ 3.26% SUGAR 14.96 ▲ 0.94% ORANGE JUICE 147.95 ▲ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,582 ▲ 1.12% BEEF 222.60 ▼ 1.73% CATTLE 344.25 ▼ 2.20% LITHIUM 69.23 ▲ 3.45% PETR4 41.54 ▲ 0.95% VALE3 72.40 ▲ 0.65% ITUB4 42.40 ▲ 0.24% BBDC4 18.43 ▲ 0.11% ABEV3 15.80 ▲ 0.06% BBAS3 20.52 ▲ 1.74% B3SA3 14.97 ▼ 1.90% WEGE3 42.81 ▼ 0.74% PRIO3 58.61 ▲ 1.59% SUZB3 41.88 ▼ 0.02% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.77 ▼ 1.31% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.34 ▼ 1.59% CVCB3 1.14 ▲ 5.56% POSI3 3.76 ▲ 1.62% SLCE3 13.67 ▲ 0.74% NATU3 8.69 ▲ 0.70% BRKM5 5.93 ▼ 0.17% RANI3 7.89 ▼ 1.25% CSNA3 5.10 ▲ 0.59% CMIN3 5.47 ▲ 1.48% USIM5 8.30 ▲ 1.72% GGBR4 23.67 ▲ 0.21% ENEV3 25.29 ▼ 1.40% CPFE3 46.33 ▲ 0.02% CMIG4 10.99 ▼ 0.27% EQTL3 38.37 ▼ 2.34% LREN3 13.18 ▼ 0.98% VIVT3 35.52 ▼ 0.42% RAIL3 13.31 ▼ 1.92% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.38 ▼ 1.66% RDOR3 33.31 ▼ 6.04% HAPV3 11.13 ▼ 3.64% FLRY3 16.36 ▼ 1.21% SMTO3 15.40 ▼ 0.06% UGPA3 31.40 ▼ 0.95% VBBR3 33.37 ▼ 2.17% BBSE3 41.05 — 0.00% BPAC11 55.39 ▼ 0.81% CURY3 29.56 ▼ 2.09% AERI3 2.04 ▼ 1.45% VIVARA 21.38 ▼ 2.64% COMPASS 24.35 ▼ 1.02% VAMOS 3.12 ▲ 0.97% SANB11 27.26 ▲ 0.93% ASAI3 8.18 ▲ 0.49% SBSP3 28.39 ▼ 2.04% WALMEX 49.31 ▼ 0.14% GMEXICO 205.00 ▲ 2.08% FEMSA 228.09 ▲ 0.49% CEMEX 21.97 ▲ 0.41% GFNORTE 183.53 ▲ 1.96% BIMBO 59.37 ▼ 0.22% TELEVISA 9.82 ▲ 1.13% AMX 22.71 ▼ 0.13% GAP 379.99 ▲ 0.48% ASUR 273.26 ▼ 0.40% OMA 225.75 ▼ 0.30% KOF 181.45 ▲ 0.35% GRUMA 287.27 ▼ 0.11% KIMBER 38.15 ▼ 0.63% SQM-B 64,270 ▲ 1.82% COPEC 6,375 ▲ 2.82% BSANTANDER 78.77 ▲ 3.52% FALABELLA 5,851 ▼ 0.41% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,015 ▲ 1.02% CMPC 1,091 ▲ 2.34% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.50 ▲ 0.37% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,425 ▲ 2.94% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,615 ▲ 1.21% CEPU 2,330 ▲ 1.79% MIRGOR 16,900 ▼ 1.31% COME 43.22 ▲ 0.63% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.68 ▲ 4.05% BANCOLOMBIA 82.31 ▲ 1.84% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 394.91 ▲ 2.08% SOUTHERN COPPER 184.42 ▲ 5.34% BUENAVENTURA 31.01 ▲ 3.16% MERCADOLIBRE 1,808 ▼ 1.33% NUBANK 14.20 ▲ 1.50% XP 16.65 ▼ 0.92% PAGSEGURO 9.45 ▲ 1.67% STONE 11.16 ▲ 0.31% GLOBANT 32.24 ▼ 0.15% TECNOGLASS 45.69 ▼ 0.91% GAP AIRPORT 217.82 ▲ 0.32% ASUR 273.26 ▼ 0.40% OMA AIRPORT 103.76 ▼ 0.24% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 131.06 ▲ 0.81% CEMEX ADR 12.62 ▲ 1.04% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.22 ▲ 0.85% ITAU ADR 8.35 ▲ 0.30% SANTANDER BR 5.40 ▲ 0.55% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.41 ▲ 1.29% BTC 66,586 ▲ 2.08% ETH 1,929 ▲ 1.34% SOL 78.06 ▲ 0.34% XRP 1.15 ▲ 3.79% BNB 575.25 ▲ 0.79% ADA 0.17 ▲ 2.84% DOGE 0.07 ▲ 1.69% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.16% DOT 0.85 ▲ 3.13% LTC 47.71 ▲ 0.79% BCH 225.03 ▲ 2.33% TRX 0.33 ▲ 0.59% XLM 0.19 ▲ 2.62% HBAR 0.07 ▲ 2.87% NEAR 1.95 ▼ 1.50% ATOM 1.49 ▼ 0.07% AAVE 96.47 ▲ 7.46% SELIC 14.25% EMBRAER 83.11 ▼ 0.22% EMBRAER ADR 65.41 ▼ 0.79% JBS 11.85 ▼ 1.54% JBS BDR 60.07 ▼ 1.18% MBRF3 15.21 ▲ 4.75% MBRFY 2.96 ▲ 1.72% INTER 5.56 ▼ 1.16% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.47% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.02▲ 0.32% USD/CNY6.76▼ 0.18% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.56% SPX 7,504 ▲ 0.82% DJI 52,210 ▲ 0.71% NDX 29,122 ▲ 1.81% RUT 2,972 ▲ 1.02% TSX 35,268 ▲ 0.88% VIX 17.22 ▼ 7.67% USD/CAD1.41▲ 0.22% US10Y 4.6180 ▲ 0.43% IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.08 ▼ 0.29% USD/MXN 17.40 ▼ 0.18% USD/CLP 932.65 ▼ 0.20% USD/COP 3,242 ▼ 0.83% USD/PEN 3.40 ▲ 0.20% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.11% BRENT 91.15 ▲ 2.16% WTI 84.32 ▲ 1.31% IRON ORE 161.91 — — COPPER 6.55 ▲ 3.95% GOLD 4,082 ▲ 1.78% SILVER 59.28 ▲ 4.36% SOY 1,224 ▼ 0.18% CORN 474.75 ▲ 5.62% WHEAT 671.75 ▼ 0.33% COFFEE 323.50 ▼ 3.26% SUGAR 14.96 ▲ 0.94% ORANGE JUICE 147.95 ▲ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,582 ▲ 1.12% BEEF 222.60 ▼ 1.73% CATTLE 344.25 ▼ 2.20% LITHIUM 69.23 ▲ 3.45% PETR4 41.54 ▲ 0.95% VALE3 72.40 ▲ 0.65% ITUB4 42.40 ▲ 0.24% BBDC4 18.43 ▲ 0.11% ABEV3 15.80 ▲ 0.06% BBAS3 20.52 ▲ 1.74% B3SA3 14.97 ▼ 1.90% WEGE3 42.81 ▼ 0.74% PRIO3 58.61 ▲ 1.59% SUZB3 41.88 ▼ 0.02% RENT3 36.68 ▼ 2.16% AZZA3 17.76 ▼ 2.26% CSAN3 3.77 ▼ 1.31% RAIZ4 0.28 ▲ 3.70% PCAR3 2.74 ▲ 5.38% GMAT3 3.81 ▼ 1.04% PSSA3 53.34 ▼ 1.59% CVCB3 1.14 ▲ 5.56% POSI3 3.76 ▲ 1.62% SLCE3 13.67 ▲ 0.74% NATU3 8.69 ▲ 0.70% BRKM5 5.93 ▼ 0.17% RANI3 7.89 ▼ 1.25% CSNA3 5.10 ▲ 0.59% CMIN3 5.47 ▲ 1.48% USIM5 8.30 ▲ 1.72% GGBR4 23.67 ▲ 0.21% ENEV3 25.29 ▼ 1.40% CPFE3 46.33 ▲ 0.02% CMIG4 10.99 ▼ 0.27% EQTL3 38.37 ▼ 2.34% LREN3 13.18 ▼ 0.98% VIVT3 35.52 ▼ 0.42% RAIL3 13.31 ▼ 1.92% KLABIN 17.46 ▼ 0.11% RAIA DROGASIL 18.38 ▼ 1.66% RDOR3 33.31 ▼ 6.04% HAPV3 11.13 ▼ 3.64% FLRY3 16.36 ▼ 1.21% SMTO3 15.40 ▼ 0.06% UGPA3 31.40 ▼ 0.95% VBBR3 33.37 ▼ 2.17% BBSE3 41.05 — 0.00% BPAC11 55.39 ▼ 0.81% CURY3 29.56 ▼ 2.09% AERI3 2.04 ▼ 1.45% VIVARA 21.38 ▼ 2.64% COMPASS 24.35 ▼ 1.02% VAMOS 3.12 ▲ 0.97% SANB11 27.26 ▲ 0.93% ASAI3 8.18 ▲ 0.49% SBSP3 28.39 ▼ 2.04% WALMEX 49.31 ▼ 0.14% GMEXICO 205.00 ▲ 2.08% FEMSA 228.09 ▲ 0.49% CEMEX 21.97 ▲ 0.41% GFNORTE 183.53 ▲ 1.96% BIMBO 59.37 ▼ 0.22% TELEVISA 9.82 ▲ 1.13% AMX 22.71 ▼ 0.13% GAP 379.99 ▲ 0.48% ASUR 273.26 ▼ 0.40% OMA 225.75 ▼ 0.30% KOF 181.45 ▲ 0.35% GRUMA 287.27 ▼ 0.11% KIMBER 38.15 ▼ 0.63% SQM-B 64,270 ▲ 1.82% COPEC 6,375 ▲ 2.82% BSANTANDER 78.77 ▲ 3.52% FALABELLA 5,851 ▼ 0.41% ENELAM 84.90 ▲ 0.94% CENCOSUD 2,015 ▲ 1.02% CMPC 1,091 ▲ 2.34% BANCO CHILE 189.99 ▲ 1.88% LATAM AIR 24.50 ▲ 0.37% YPF 80,625 ▲ 1.80% GGAL 7,965 ▲ 1.53% PAMPA 5,425 ▲ 2.94% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,615 ▲ 1.21% CEPU 2,330 ▲ 1.79% MIRGOR 16,900 ▼ 1.31% COME 43.22 ▲ 0.63% LOMA NEGRA 3,630 ▲ 1.61% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.68 ▲ 4.05% BANCOLOMBIA 82.31 ▲ 1.84% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 394.91 ▲ 2.08% SOUTHERN COPPER 184.42 ▲ 5.34% BUENAVENTURA 31.01 ▲ 3.16% MERCADOLIBRE 1,808 ▼ 1.33% NUBANK 14.20 ▲ 1.50% XP 16.65 ▼ 0.92% PAGSEGURO 9.45 ▲ 1.67% STONE 11.16 ▲ 0.31% GLOBANT 32.24 ▼ 0.15% TECNOGLASS 45.69 ▼ 0.91% GAP AIRPORT 217.82 ▲ 0.32% ASUR 273.26 ▼ 0.40% OMA AIRPORT 103.76 ▼ 0.24% AMX ADR 26.03 ▼ 0.27% FEMSA ADR 131.06 ▲ 0.81% CEMEX ADR 12.62 ▲ 1.04% PETROBRAS ADR 18.43 ▲ 1.29% VALE ADR 14.22 ▲ 0.85% ITAU ADR 8.35 ▲ 0.30% SANTANDER BR 5.40 ▲ 0.55% AMBEV ADR 3.10 ▲ 0.49% CSN 1.02 ▲ 0.50% GERDAU 4.70 ▲ 0.32% LATAM ADR 52.41 ▲ 1.29% BTC 66,586 ▲ 2.08% ETH 1,929 ▲ 1.34% SOL 78.06 ▲ 0.34% XRP 1.15 ▲ 3.79% BNB 575.25 ▲ 0.79% ADA 0.17 ▲ 2.84% DOGE 0.07 ▲ 1.69% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.16% DOT 0.85 ▲ 3.13% LTC 47.71 ▲ 0.79% BCH 225.03 ▲ 2.33% TRX 0.33 ▲ 0.59% XLM 0.19 ▲ 2.62% HBAR 0.07 ▲ 2.87% NEAR 1.95 ▼ 1.50% ATOM 1.49 ▼ 0.07% AAVE 96.47 ▲ 7.46% SELIC 14.25% EMBRAER 83.11 ▼ 0.22% EMBRAER ADR 65.41 ▼ 0.79% JBS 11.85 ▼ 1.54% JBS BDR 60.07 ▼ 1.18% MBRF3 15.21 ▲ 4.75% MBRFY 2.96 ▲ 1.72% INTER 5.56 ▼ 1.16% EGX 53,990 ▲ 1.63% USD/ZAR 16.46 ▼ 0.21% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.34% USD/CNY 6.7553 ▼ 0.03% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1409 ▼ 0.04% GBP/USD 1.3373 ▼ 0.39% SPX 7,504 ▲ 0.82% DJI 52,210 ▲ 0.71% NDX 29,122 ▲ 1.81% RUT 2,972 ▲ 1.02% TSX 35,268 ▲ 0.88% VIX 17.22 ▼ 7.67% USD/CAD 1.4100 ▲ 0.16% US10Y 4.6180 ▲ 0.43%
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Brazil’s Supreme Court Limits Lawmakers’ Jurisdiction Privileges

By · May 4, 2018 · 2 min read

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By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s Federal Supreme Court (STF) decided on Thursday to restrict privileged forum for federal representatives and senators. By seven votes to four, the Justices decided that federal lawmakers can only have a case heard in the STF if the criminal offense is related to the elected position and committed during the mandate. Otherwise, the case should be referred to the lower courts.

Brazil, Brasilia,Supreme Court Justices decide to restrict legal privileges had by lawmakers
Supreme Court Justices decide to restrict legal privileges had by lawmakers, photo by Antonio Cruz/Agencia Brasil.
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Special jurisdiction privileges entitle authorities who have certain ranks of public office, members of Congress, cabinet members, and the President, to have any and all criminal cases against them litigated in the Supreme Court, even if the case occurred well before they were elected.

On Thursday, many of the Justices argued that politicians use the privileged forum to seek out the more lenient court, depending on jurisdiction and period of the year. The STF has always been seen as the ‘less efficient’ court in terms of rulings, due to its backlog and the limited number of cases Justices may hear during the year.

Sometimes, however, it is in the lawmaker’s best interest to be tried in lower courts. “We have seen situations where a federal representative resigned so that the STF could not judge him. It is no longer possible for the STF to allow maneuvers that prevents the judgment from occurring,” Chief Justice, Carmen Lucia Rocha stated.

“I, as a citizen, feel, and every Brazilian feels, we live in a society in which impunity prevails because of situations like these,” she added.

Although during the hearing, Justices discussed whether the decision should be extended to other posts which have privileged forum, such as cabinet members, higher courts judges and state lawmakers, it was decided only federal lawmakers would suffer restrictions.

But even with the conclusion of the hearing, the legal situation of some representatives and senators now being investigated in Operação Lava Jato (Car Wash Operation) by the STF are still undefined. Some of these lawmakers are being accused of receiving illegal resources to fund their campaigns, therefore actions before they took public office.

For cases which have already been filed, Justices ruled to review them individually, case-to-case, deciding if the accusations should be tried in the STF or in a lower court.

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