IBOV 172,024 ▼ 0.68% IPSA 10,840 ▲ 0.72% IPC MEX 66,967 ▼ 1.00% MERVAL 3,168,608 ▼ 0.26% COLCAP 2,269.08 ▼ 0.75% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL5.18▲ 0.43% USD/MXN17.52▲ 0.17% USD/CLP922.45▲ 0.05% USD/COP3,393▼ 1.47% USD/PEN3.41▼ 0.37% USD/ARS1,484▼ 0.03% USD/UYU40.22▲ 1.44% USD/PYG6,084▲ 1.98% USD/BOB6.85▲ 1.65% USD/DOP59.19▲ 0.89% USD/CRC450.59▲ 2.27% USD/GTQ7.62▲ 2.44% USD/HNL26.70▲ 0.48% USD/NIO36.62▲ 0.89% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.39▲ 0.49% USD/TTD6.74▲ 1.07% EUR/BRL5.91▼ 0.12% BRENT 72.97 ▲ 0.07% WTI 69.51 ▲ 0.01% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.72% GOLD 3,986 ▼ 0.92% SILVER 57.96 ▼ 2.55% SOY 1,147 ▲ 2.69% CORN 438.50 ▲ 6.24% WHEAT 594.25 ▲ 2.32% COFFEE 302.15 ▲ 3.80% SUGAR 14.80 ▲ 3.57% ORANGE JUICE 163.80 ▲ 15.56% COTTON 76.62 ▲ 6.42% COCOA 5,064 ▲ 3.45% BEEF 242.25 ▼ 5.89% CATTLE 364.35 ▼ 0.85% LITHIUM 78.28 ▲ 1.25% PETR4 37.80 ▼ 0.89% VALE3 77.88 ▼ 0.32% ITUB4 42.18 ▼ 0.54% BBDC4 18.10 ▼ 0.39% ABEV3 16.29 ▼ 1.81% BBAS3 19.91 ▼ 1.73% B3SA3 14.53 ▼ 1.22% WEGE3 46.91 ▲ 0.26% PRIO3 52.15 ▼ 1.88% SUZB3 39.75 ▲ 0.18% RENT3 41.54 ▼ 1.68% AZZA3 17.88 ▼ 2.72% CSAN3 3.70 ▼ 0.27% RAIZ4 0.38 ▼ 5.00% PCAR3 2.31 ▼ 0.43% GMAT3 3.67 ▼ 4.18% PSSA3 52.92 ▼ 0.71% CVCB3 1.36 ▼ 2.86% POSI3 4.10 ▲ 0.99% SLCE3 12.90 ▼ 0.85% NATU3 8.73 ▲ 5.18% BRKM5 6.36 ▼ 3.78% RANI3 7.84 ▼ 0.38% CSNA3 4.62 ▼ 0.43% CMIN3 4.18 ▲ 0.48% USIM5 8.45 ▲ 1.44% GGBR4 20.78 ▼ 2.40% ENEV3 26.72 ▲ 0.04% NEOE3 33.80 — 0.00% CPFE3 44.78 ▼ 0.82% CMIG4 10.87 ▼ 0.73% EQTL3 38.94 ▼ 2.01% LREN3 14.76 ▼ 1.53% VIVT3 33.95 ▼ 1.31% RAIL3 13.43 ▼ 1.32% KLABIN 16.74 ▼ 0.89% RAIA DROGASIL 16.81 ▼ 2.04% RDOR3 34.71 ▲ 0.09% HAPV3 10.21 ▼ 1.35% FLRY3 15.40 ▼ 1.16% SMTO3 15.70 ▲ 2.28% UGPA3 26.06 ▼ 0.99% VBBR3 29.89 ▼ 0.10% BBSE3 39.17 ▼ 0.41% BPAC11 54.09 ▼ 0.77% CURY3 35.06 ▼ 0.85% AERI3 2.02 ▼ 1.46% VIVARA 22.88 ▼ 0.52% COMPASS 24.28 ▼ 0.41% VAMOS 2.81 ▼ 2.43% SANB11 26.80 ▼ 0.07% ASAI3 8.74 ▼ 2.89% SBSP3 29.64 ▼ 0.03% WALMEX 51.26 ▲ 0.23% GMEXICO 197.62 ▼ 1.77% FEMSA 223.50 ▼ 2.04% CEMEX 21.00 ▼ 1.27% GFNORTE 185.20 ▲ 0.10% BIMBO 57.10 ▲ 0.21% TELEVISA 9.63 ▼ 0.41% AMX 22.73 ▼ 2.57% GAP 441.90 ▼ 0.81% ASUR 306.70 ▼ 0.56% OMA 247.17 ▲ 0.32% KOF 185.87 ▼ 0.32% GRUMA 282.05 ▼ 0.24% KIMBER 38.62 ▼ 0.69% SQM-B 68,450 ▲ 3.79% COPEC 5,751 ▼ 0.24% BSANTANDER 75.50 ▲ 0.67% FALABELLA 5,756 ▼ 2.62% ENELAM 82.60 ▲ 0.73% CENCOSUD 2,130 ▲ 0.14% CMPC 1,026 ▼ 1.35% BANCO CHILE 180.50 ▲ 1.52% LATAM AIR 26.81 ▼ 0.59% YPF 71,225 ▲ 0.92% GGAL 7,810 ▼ 0.95% PAMPA 5,135 ▲ 0.98% TXAR 662.00 ▼ 2.22% ALUAR 985.00 ▲ 0.25% TGS 9,325 ▲ 0.21% CEPU 2,323 ▼ 0.73% MIRGOR 16,250 ▲ 1.09% COME 41.95 ▼ 0.87% LOMA NEGRA 3,648 ▲ 1.04% BYMA 310.25 ▲ 1.39% TELECOM ARG 4,045 ▼ 0.19% ECOPETROL 14.24 ▼ 2.20% BANCOLOMBIA 79.43 ▼ 0.48% GRUPO AVAL 5.06 ▼ 0.76% CREDICORP 389.58 ▲ 1.26% SOUTHERN COPPER 174.26 ▲ 3.45% BUENAVENTURA 29.29 ▲ 2.48% MERCADOLIBRE 1,697 ▲ 0.85% NUBANK 13.36 ▲ 1.75% XP 16.26 ▼ 0.31% PAGSEGURO 9.05 ▼ 0.33% STONE 10.84 ▼ 0.46% GLOBANT 28.94 ▼ 3.79% TECNOGLASS 46.81 ▲ 1.30% GAP AIRPORT 253.08 ▼ 0.58% ASUR 306.70 ▼ 0.56% OMA AIRPORT 113.09 ▼ 0.17% AMX ADR 25.99 ▼ 2.84% FEMSA ADR 127.90 ▼ 2.52% CEMEX ADR 12.00 ▼ 1.15% PETROBRAS ADR 16.16 ▼ 0.74% VALE ADR 15.04 ▲ 0.07% ITAU ADR 8.17 ▼ 0.61% SANTANDER BR 5.25 ▲ 0.38% AMBEV ADR 3.14 ▼ 1.26% CSN 0.92 ▲ 0.54% GERDAU 4.04 ▼ 2.18% LATAM ADR 58.27 ▼ 0.73% BTC 58,592 ▲ 0.06% ETH 1,573 ▲ 0.19% SOL 74.16 ▲ 0.87% XRP 1.04 ▲ 0.07% BNB 544.71 ▼ 0.18% ADA 0.15 ▲ 3.98% DOGE 0.07 ▼ 1.05% AVAX 6.62 ▲ 1.43% LINK 7.18 ▼ 0.10% DOT 0.83 ▲ 1.38% LTC 42.25 ▲ 0.89% BCH 202.40 ▲ 1.46% TRX 0.32 ▲ 0.41% XLM 0.20 ▲ 6.07% HBAR 0.07 ▼ 0.27% NEAR 1.80 ▲ 0.99% ATOM 1.51 ▼ 0.11% AAVE 85.40 ▲ 0.46% SELIC 14.25% EMBRAER 81.85 ▲ 2.08% EMBRAER ADR 63.80 ▲ 2.65% JBS 11.85 ▼ 3.03% JBS BDR 60.85 ▼ 3.21% MBRF3 18.03 ▲ 1.86% MBRFY 3.47 ▲ 1.76% INTER 5.43 ▲ 0.93% EGX 50,488 ▲ 1.33% USD/ZAR16.44▲ 0.28% USD/NGN 1,378 — 0.00% NIKKEI 70,475 ▲ 0.59% CSI300 4,945 ▼ 0.70% HSI 22,881 ▼ 0.63% NIFTY 24,014 ▲ 0.62% KOSPI 8,303 ▼ 2.04% JCI 5,709 ▲ 1.17% USD/JPY162.68▲ 0.07% USD/CNY6.79▲ 0.14% DAX 24,996 ▲ 1.50% CAC 8,404 ▲ 0.44% FTSE 10,497 ▲ 0.12% MIB 51,682 ▲ 0.81% IBEX 19,472 ▲ 0.44% STOXX 641.73 ▲ 0.88% EUR/USD1.14▼ 0.14% GBP/USD1.32▼ 0.08% SPX 7,499 ▲ 0.79% DJI 52,319 ▲ 0.26% NDX 30,276 ▲ 1.68% RUT 3,024 ▲ 0.47% TSX 34,857 ▲ 0.10% VIX 16.45 ▼ 10.65% USD/CAD1.42▲ 0.14% US10Y 4.4180 ▲ 1.01% IBOV 172,024 ▼ 0.68% IPSA 10,840 ▲ 0.72% IPC MEX 66,967 ▼ 1.00% MERVAL 3,168,608 ▼ 0.26% COLCAP 2,269.08 ▼ 0.75% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL 5.18 ▲ 0.43% USD/MXN 17.52 ▲ 0.20% USD/CLP 922.45 ▲ 0.05% USD/COP 3,393 ▼ 1.47% USD/PEN 3.41 ▼ 0.37% USD/ARS 1,484 ▼ 0.03% USD/UYU 40.22 ▲ 1.44% USD/PYG 6,084 ▲ 1.98% USD/BOB 6.85 ▲ 1.65% USD/DOP 59.19 ▲ 0.89% USD/CRC 450.59 ▲ 2.27% USD/GTQ 7.62 ▲ 2.44% USD/HNL 26.70 ▲ 0.48% USD/NIO 36.62 ▲ 0.89% USD/VES 620.66 ▲ 5.79% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.39 ▲ 0.49% USD/TTD 6.74 ▲ 1.30% EUR/BRL 5.91 ▼ 0.12% BRENT 72.97 ▲ 0.07% WTI 69.51 ▲ 0.01% IRON ORE 161.91 — — COPPER 6.15 ▼ 0.72% GOLD 3,986 ▼ 0.92% SILVER 57.96 ▼ 2.55% SOY 1,147 ▲ 2.69% CORN 438.50 ▲ 6.24% WHEAT 594.25 ▲ 2.32% COFFEE 302.15 ▲ 3.80% SUGAR 14.80 ▲ 3.57% ORANGE JUICE 163.80 ▲ 15.56% COTTON 76.62 ▲ 6.42% COCOA 5,064 ▲ 3.45% BEEF 242.25 ▼ 5.89% CATTLE 364.35 ▼ 0.85% LITHIUM 78.28 ▲ 1.25% PETR4 37.80 ▼ 0.89% VALE3 77.88 ▼ 0.32% ITUB4 42.18 ▼ 0.54% BBDC4 18.10 ▼ 0.39% ABEV3 16.29 ▼ 1.81% BBAS3 19.91 ▼ 1.73% B3SA3 14.53 ▼ 1.22% WEGE3 46.91 ▲ 0.26% PRIO3 52.15 ▼ 1.88% SUZB3 39.75 ▲ 0.18% RENT3 41.54 ▼ 1.68% AZZA3 17.88 ▼ 2.72% CSAN3 3.70 ▼ 0.27% RAIZ4 0.38 ▼ 5.00% PCAR3 2.31 ▼ 0.43% GMAT3 3.67 ▼ 4.18% PSSA3 52.92 ▼ 0.71% CVCB3 1.36 ▼ 2.86% POSI3 4.10 ▲ 0.99% SLCE3 12.90 ▼ 0.85% NATU3 8.73 ▲ 5.18% BRKM5 6.36 ▼ 3.78% RANI3 7.84 ▼ 0.38% CSNA3 4.62 ▼ 0.43% CMIN3 4.18 ▲ 0.48% USIM5 8.45 ▲ 1.44% GGBR4 20.78 ▼ 2.40% ENEV3 26.72 ▲ 0.04% NEOE3 33.80 — 0.00% CPFE3 44.78 ▼ 0.82% CMIG4 10.87 ▼ 0.73% EQTL3 38.94 ▼ 2.01% LREN3 14.76 ▼ 1.53% VIVT3 33.95 ▼ 1.31% RAIL3 13.43 ▼ 1.32% KLABIN 16.74 ▼ 0.89% RAIA DROGASIL 16.81 ▼ 2.04% RDOR3 34.71 ▲ 0.09% HAPV3 10.21 ▼ 1.35% FLRY3 15.40 ▼ 1.16% SMTO3 15.70 ▲ 2.28% UGPA3 26.06 ▼ 0.99% VBBR3 29.89 ▼ 0.10% BBSE3 39.17 ▼ 0.41% BPAC11 54.09 ▼ 0.77% CURY3 35.06 ▼ 0.85% AERI3 2.02 ▼ 1.46% VIVARA 22.88 ▼ 0.52% COMPASS 24.28 ▼ 0.41% VAMOS 2.81 ▼ 2.43% SANB11 26.80 ▼ 0.07% ASAI3 8.74 ▼ 2.89% SBSP3 29.64 ▼ 0.03% WALMEX 51.26 ▲ 0.23% GMEXICO 197.62 ▼ 1.77% FEMSA 223.50 ▼ 2.04% CEMEX 21.00 ▼ 1.27% GFNORTE 185.20 ▲ 0.10% BIMBO 57.10 ▲ 0.21% TELEVISA 9.63 ▼ 0.41% AMX 22.73 ▼ 2.57% GAP 441.90 ▼ 0.81% ASUR 306.70 ▼ 0.56% OMA 247.17 ▲ 0.32% KOF 185.87 ▼ 0.32% GRUMA 282.05 ▼ 0.24% KIMBER 38.62 ▼ 0.69% SQM-B 68,450 ▲ 3.79% COPEC 5,751 ▼ 0.24% BSANTANDER 75.50 ▲ 0.67% FALABELLA 5,756 ▼ 2.62% ENELAM 82.60 ▲ 0.73% CENCOSUD 2,130 ▲ 0.14% CMPC 1,026 ▼ 1.35% BANCO CHILE 180.50 ▲ 1.52% LATAM AIR 26.81 ▼ 0.59% YPF 71,225 ▲ 0.92% GGAL 7,810 ▼ 0.95% PAMPA 5,135 ▲ 0.98% TXAR 662.00 ▼ 2.22% ALUAR 985.00 ▲ 0.25% TGS 9,325 ▲ 0.21% CEPU 2,323 ▼ 0.73% MIRGOR 16,250 ▲ 1.09% COME 41.95 ▼ 0.87% LOMA NEGRA 3,648 ▲ 1.04% BYMA 310.25 ▲ 1.39% TELECOM ARG 4,045 ▼ 0.19% ECOPETROL 14.24 ▼ 2.20% BANCOLOMBIA 79.43 ▼ 0.48% GRUPO AVAL 5.06 ▼ 0.76% CREDICORP 389.58 ▲ 1.26% SOUTHERN COPPER 174.26 ▲ 3.45% BUENAVENTURA 29.29 ▲ 2.48% MERCADOLIBRE 1,697 ▲ 0.85% NUBANK 13.36 ▲ 1.75% XP 16.26 ▼ 0.31% PAGSEGURO 9.05 ▼ 0.33% STONE 10.84 ▼ 0.46% GLOBANT 28.94 ▼ 3.79% TECNOGLASS 46.81 ▲ 1.30% GAP AIRPORT 253.08 ▼ 0.58% ASUR 306.70 ▼ 0.56% OMA AIRPORT 113.09 ▼ 0.17% AMX ADR 25.99 ▼ 2.84% FEMSA ADR 127.90 ▼ 2.52% CEMEX ADR 12.00 ▼ 1.15% PETROBRAS ADR 16.16 ▼ 0.74% VALE ADR 15.04 ▲ 0.07% ITAU ADR 8.17 ▼ 0.61% SANTANDER BR 5.25 ▲ 0.38% AMBEV ADR 3.14 ▼ 1.26% CSN 0.92 ▲ 0.54% GERDAU 4.04 ▼ 2.18% LATAM ADR 58.27 ▼ 0.73% BTC 58,592 ▲ 0.06% ETH 1,573 ▲ 0.19% SOL 74.16 ▲ 0.87% XRP 1.04 ▲ 0.07% BNB 544.71 ▼ 0.18% ADA 0.15 ▲ 3.98% DOGE 0.07 ▼ 1.05% AVAX 6.62 ▲ 1.43% LINK 7.18 ▼ 0.10% DOT 0.83 ▲ 1.38% LTC 42.25 ▲ 0.89% BCH 202.40 ▲ 1.46% TRX 0.32 ▲ 0.41% XLM 0.20 ▲ 6.07% HBAR 0.07 ▼ 0.27% NEAR 1.80 ▲ 0.99% ATOM 1.51 ▼ 0.11% AAVE 85.40 ▲ 0.46% SELIC 14.25% EMBRAER 81.85 ▲ 2.08% EMBRAER ADR 63.80 ▲ 2.65% JBS 11.85 ▼ 3.03% JBS BDR 60.85 ▼ 3.21% MBRF3 18.03 ▲ 1.86% MBRFY 3.47 ▲ 1.76% INTER 5.43 ▲ 0.93% EGX 50,488 ▲ 1.33% USD/ZAR 16.44 ▲ 0.41% USD/NGN 1,378 — 0.00% NIKKEI 70,475 ▲ 0.59% CSI300 4,945 ▼ 0.70% HSI 22,881 ▼ 0.63% NIFTY 24,014 ▲ 0.62% KOSPI 8,303 ▼ 2.04% JCI 5,709 ▲ 1.17% USD/JPY 162.67 ▲ 0.07% USD/CNY 6.7949 ▲ 0.24% DAX 24,996 ▲ 1.50% CAC 8,404 ▲ 0.44% FTSE 10,497 ▲ 0.12% MIB 51,682 ▲ 0.81% IBEX 19,472 ▲ 0.44% STOXX 641.73 ▲ 0.88% EUR/USD 1.1406 ▼ 0.18% GBP/USD 1.3244 ▼ 0.14% SPX 7,499 ▲ 0.79% DJI 52,319 ▲ 0.26% NDX 30,276 ▲ 1.68% RUT 3,024 ▲ 0.47% TSX 34,857 ▲ 0.10% VIX 16.45 ▼ 10.65% USD/CAD 1.4216 ▲ 0.15% US10Y 4.4180 ▲ 1.01%
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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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