IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL5.12▲ 0.04% USD/MXN17.51▼ 0.20% USD/CLP924.12▼ 0.38% USD/COP3,271▼ 2.17% USD/PEN3.40▼ 0.12% USD/ARS1,487▼ 0.03% USD/UYU40.30▲ 1.41% USD/PYG6,061▲ 1.64% USD/BOB9.85▲ 1.04% USD/DOP58.47▼ 0.14% USD/CRC450.34▲ 1.74% USD/GTQ7.62▲ 2.23% USD/HNL26.72▲ 1.48% USD/NIO36.62▲ 0.26% USD/VES707.92▲ 1.23% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.73▲ 0.97% EUR/BRL5.84▼ 0.91% BRENT 76.43 ▲ 0.17% WTI 72.02 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,111 ▼ 0.48% SILVER 60.09 ▼ 0.48% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.30 ▼ 10.55% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 146.90 ▼ 2.00% COTTON 80.08 ▲ 5.15% COCOA 5,867 ▼ 7.01% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,260 ▲ 1.69% ETH 1,794 ▲ 2.85% SOL 78.89 ▲ 1.08% XRP 1.11 ▲ 1.28% BNB 573.35 ▲ 0.86% ADA 0.17 ▲ 0.59% DOGE 0.07 ▲ 1.54% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.88% DOT 0.88 ▲ 6.29% LTC 44.51 ▲ 1.70% BCH 249.67 ▲ 5.00% TRX 0.33 ▼ 0.57% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.17% NEAR 1.92 ▲ 0.03% ATOM 1.58 ▲ 1.62% AAVE 95.66 ▲ 4.83% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR16.31▼ 0.10% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.83▼ 0.34% USD/CNY6.78▼ 0.26% DAX 25,115 ▼ 0.01% CAC 8,324 ▼ 0.03% FTSE 10,489 ▲ 0.16% MIB 52,706 ▲ 0.62% IBEX 19,412 ▲ 0.46% STOXX 641.71 ▲ 0.13% EUR/USD1.14▼ 0.04% GBP/USD1.34▲ 0.13% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD1.42▼ 0.11% US10Y 4.5450 ▲ 0.13% IBOV 172,742 ▲ 1.22% IPSA 11,025 ▲ 0.72% IPC MEX 66,107 ▼ 0.75% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,292.75 ▼ 0.87% BVL PERÚ 54,904.64 ▲ 2.35% USD/BRL 5.12 ▲ 0.04% USD/MXN 17.51 ▼ 0.20% USD/CLP 924.12 ▼ 0.38% USD/COP 3,271 ▼ 2.17% USD/PEN 3.40 ▼ 0.12% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.30 ▲ 1.41% USD/PYG 6,061 ▲ 1.64% USD/BOB 9.85 ▲ 1.04% USD/DOP 58.47 ▼ 0.14% USD/CRC 450.34 ▲ 1.74% USD/GTQ 7.62 ▲ 2.23% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.73 ▲ 0.97% EUR/BRL 5.84 ▼ 0.91% BRENT 76.43 ▲ 0.17% WTI 72.02 ▼ 0.08% IRON ORE 161.91 — — COPPER 6.27 ▲ 0.81% GOLD 4,111 ▼ 0.48% SILVER 60.09 ▼ 0.48% SOY 1,182 ▲ 0.17% CORN 453.75 ▲ 6.08% WHEAT 633.00 ▲ 3.56% COFFEE 319.30 ▼ 10.55% SUGAR 14.96 ▼ 1.06% ORANGE JUICE 146.90 ▼ 2.00% COTTON 80.08 ▲ 5.15% COCOA 5,867 ▼ 7.01% BEEF 231.60 ▼ 2.54% CATTLE 356.28 ▼ 1.60% LITHIUM 72.82 ▲ 0.97% PETR4 39.21 ▼ 1.11% VALE3 73.15 ▲ 0.62% ITUB4 42.59 ▲ 1.67% BBDC4 18.00 ▲ 1.75% ABEV3 15.72 ▲ 0.64% BBAS3 20.00 ▲ 2.41% B3SA3 14.79 ▲ 3.86% WEGE3 45.74 ▲ 0.86% PRIO3 55.61 ▼ 1.44% SUZB3 41.03 ▲ 0.49% RENT3 39.40 ▲ 1.44% AZZA3 18.46 ▲ 3.13% CSAN3 3.86 ▲ 2.93% RAIZ4 0.37 ▼ 2.63% PCAR3 2.76 ▲ 1.85% GMAT3 3.93 ▲ 5.08% PSSA3 53.35 ▲ 1.62% CVCB3 1.25 ▲ 2.46% POSI3 3.85 ▲ 1.85% SLCE3 13.79 ▲ 4.39% NATU3 8.46 ▼ 0.47% BRKM5 6.36 ▲ 3.58% RANI3 7.86 ▼ 0.25% CSNA3 4.80 ▲ 2.78% CMIN3 4.83 ▲ 3.65% USIM5 8.35 — 0.00% GGBR4 22.48 ▲ 1.54% ENEV3 26.20 ▲ 2.75% CPFE3 46.29 ▲ 1.83% CMIG4 11.08 ▲ 2.59% EQTL3 39.51 ▲ 2.23% LREN3 14.15 ▲ 3.21% VIVT3 34.50 ▲ 0.55% RAIL3 13.75 ▲ 3.77% KLABIN 17.40 ▲ 1.40% RAIA DROGASIL 18.13 ▲ 4.68% RDOR3 35.15 ▲ 3.14% HAPV3 10.07 ▲ 1.10% FLRY3 15.75 ▲ 2.21% SMTO3 16.05 ▲ 5.25% UGPA3 30.10 ▲ 2.52% VBBR3 32.10 ▲ 1.42% BBSE3 39.28 ▲ 1.37% BPAC11 55.68 ▲ 3.21% CURY3 32.70 ▲ 4.37% AERI3 2.06 ▲ 1.48% VIVARA 22.58 ▲ 1.85% COMPASS 24.68 ▲ 0.65% VAMOS 2.96 ▲ 5.34% SANB11 26.25 ▲ 2.54% ASAI3 8.46 ▼ 0.35% SBSP3 30.00 ▲ 2.56% WALMEX 49.06 ▼ 1.25% GMEXICO 195.90 ▼ 0.35% FEMSA 222.73 ▼ 1.00% CEMEX 21.66 ▲ 1.26% GFNORTE 185.51 ▼ 0.76% BIMBO 56.10 ▼ 1.34% TELEVISA 9.50 ▼ 0.42% AMX 22.70 ▼ 2.24% GAP 412.12 ▼ 0.87% ASUR 283.61 ▼ 0.38% OMA 238.51 ▲ 1.15% KOF 180.82 ▼ 1.26% GRUMA 283.26 ▲ 0.17% KIMBER 38.49 ▼ 0.75% SQM-B 69,100 ▼ 0.58% COPEC 6,020 ▼ 0.17% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,851 ▼ 0.49% ENELAM 84.16 ▼ 1.44% CENCOSUD 2,057 ▼ 1.08% CMPC 1,095 ▲ 1.47% BANCO CHILE 187.00 ▲ 0.84% LATAM AIR 26.40 ▲ 3.53% YPF 75,775 — 0.00% GGAL 7,880 — 0.00% PAMPA 5,205 — 0.00% TXAR 664.50 — 0.00% ALUAR 968.50 — 0.00% TGS 9,310 — 0.00% CEPU 2,315 — 0.00% MIRGOR 17,200 — 0.00% COME 45.42 — 0.00% LOMA NEGRA 3,498 — 0.00% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,120 — 0.00% ECOPETROL 15.39 ▲ 1.72% BANCOLOMBIA 80.93 ▲ 1.15% GRUPO AVAL 5.02 ▲ 3.72% CREDICORP 391.77 ▲ 2.70% SOUTHERN COPPER 174.43 ▲ 4.32% BUENAVENTURA 29.56 ▲ 4.23% MERCADOLIBRE 1,808 ▼ 0.09% NUBANK 13.67 ▲ 2.24% XP 16.41 ▲ 6.28% PAGSEGURO 9.00 ▲ 2.62% STONE 10.96 ▲ 4.18% GLOBANT 31.29 ▲ 4.65% TECNOGLASS 43.20 ▼ 1.68% GAP AIRPORT 234.47 ▼ 0.77% ASUR 283.61 ▼ 0.38% OMA AIRPORT 108.33 ▲ 0.96% AMX ADR 25.84 ▼ 2.16% FEMSA ADR 127.07 ▼ 0.57% CEMEX ADR 12.37 ▲ 1.64% PETROBRAS ADR 17.03 ▼ 1.22% VALE ADR 14.22 ▲ 1.21% ITAU ADR 8.28 ▲ 1.47% SANTANDER BR 5.14 ▲ 1.98% AMBEV ADR 3.04 ▲ 0.66% CSN 0.95 ▲ 3.52% GERDAU 4.41 ▲ 2.56% LATAM ADR 57.04 ▲ 4.66% BTC 64,260 ▲ 1.69% ETH 1,794 ▲ 2.85% SOL 78.89 ▲ 1.08% XRP 1.11 ▲ 1.28% BNB 573.35 ▲ 0.86% ADA 0.17 ▲ 0.59% DOGE 0.07 ▲ 1.54% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.88% DOT 0.88 ▲ 6.29% LTC 44.51 ▲ 1.70% BCH 249.67 ▲ 5.00% TRX 0.33 ▼ 0.57% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.17% NEAR 1.92 ▲ 0.03% ATOM 1.58 ▲ 1.62% AAVE 95.66 ▲ 4.83% SELIC 14.25% EMBRAER 83.86 ▲ 2.90% EMBRAER ADR 65.54 ▲ 3.34% JBS 11.73 ▼ 0.76% JBS BDR 60.05 ▼ 1.40% MBRF3 15.41 ▲ 0.20% MBRFY 3.00 — 0.00% INTER 5.71 ▲ 2.51% EGX 52,312 ▲ 0.54% USD/ZAR 16.31 ▲ 0.03% USD/NGN 1,375 — 0.00% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.80 ▼ 0.34% USD/CNY 6.7652 ▼ 0.39% DAX 25,115 ▼ 0.01% CAC 8,324 ▼ 0.03% FTSE 10,489 ▲ 0.16% MIB 52,706 ▲ 0.62% IBEX 19,412 ▲ 0.46% STOXX 641.71 ▲ 0.13% EUR/USD 1.1432 ▼ 0.02% GBP/USD 1.3421 ▲ 0.13% SPX 7,544 ▲ 0.81% DJI 52,487 ▲ 0.27% NDX 29,727 ▲ 1.62% RUT 2,993 ▲ 1.22% TSX 35,200 ▲ 0.76% VIX 15.80 ▼ 0.25% USD/CAD 1.4143 ▼ 0.16% US10Y 4.5450 ▲ 0.13%
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Opinion: Brazil and the Laws of No Responsibility

By · April 30, 2016 · 4 min read

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Opinion, by Simon Thomas

RIO DE JANEIRO, BRAZIL – Brazil is chock full of laws, rules, and regulations (LR&Rs). This is a country that in 2018 should pass the one million lawyers mark. That’s a lot of heads to take your feet off to save from drowning, as the joke goes.

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But no, really, we love lawyers here in Brazil. For one thing they dress nicely and usually smell good, both big pluses in Brazil, and there’s certainly more than enough work for them, applying, challenging or just plain manipulating all those LR&Rs.

For the most part you really just have to get along with them, the lawyers, not only because they are usually smart enough to convince you of their utility in any given situation, but also because the Brazilian government more often than not simply demands that you do.

It is an amazing set up based almost entirely on Brazil’s gargantuan bureaucracy footprint and the longer you live here the more you realize how utterly pointless much of it is – for all those other than the lawyers themselves, that is. Oh, and the bureaucrats.

Surprisingly, or maybe not, despite such high levels of legal services infrastructure permeating Brazilian society, the general level of observance of LR&Rs is appallingly low; the relationship appears inverse, in actuality.

While at the mundane, quotidian levels, ‘flexible’ would be a good description of the approach of most to their citizenly duties, it is really at the higher, more complex layers of society where said non-observance really kicks in.

In essence, it is the bureaucratic state in all its gruesome, imperfect glory, and its effect is a sprawling system of lawyer-guided schemes, strategies, exonerations and exemptions that weave in and around the actual LR&Rs.

Obviously, especially given the current state of affairs, there are none better at this game than those in and those courting Brazil´s political class. After all, what else do Brazilian politicians have to do? It is not like they are role models of civic engagement or something.

The ongoing impeachment process is a classic case in point. As admitted by the perpetrator herself, the violation of at least some of the LR&Rs cited in the impeachment charge did indeed occur, yet that has not stopped the launch of colossal effort to downplay the severity of such infringements and appeal to the bureaucracy-tolerant sympathies of the Brazilian electorate.

Not only has the government’s legal team been thundering away on any available platform about the supposedly “technical” and “harsh” interpretations of the crime of responsibility laws involved, such as the fact that the bulk of the maneuvering (but not all) was done in the president’s previous mandate and therefore not valid in the current presidency (the old “ner ner you can’t get me” defense).

That the president herself didn’t even know about it as the treasury administered all two years of procedures alone (the classic “mafia hitman” strategy), but they are even trying out the “they all did it too” approach, citing past infringements of the same laws by other governments. The president is even using this very line in an official address that sounded more like a teenager explaining to her mum why she smoked an ounce of pot.

If anything, the impeachment circus is just another fantastic display of Brazil’s Laws of No Responsibility (LNRs), a growing subset of anti-LR&Rs that includes the “Democratically-Elected Free-For-All Protocol”, the “Ministry Shuffle Bylaws” and the “They´re Dirtier Than Me Statute”.

Well known to all those in positions of power, LNRs are currently being utilized in countless other cases around the country, particularly those involving high profile politicians, including the next three in line to the presidency, and while they are not always totally successful, they are generally considered excellent tools for slowing down proceedings and achieving terrible outcomes for Brazilian society.

In general, LNRs involve more sidestepping and swerving than we´ll see in the Rugby 7s at the Rio Olympics, as defendants and their lawyers slip and slide through countless strata of bureaucratic paperwork, avoiding any semblance of social propriety in the process, yet often oozing out innocent of all charges on the other side.

Although the stunning success of Brazil´s LNRs in recent years is currently decelerating due to severe overuse combined with an increasingly influential and competent (and somewhat zealous) Brazilian judiciary, it will still be some time until they are rendered insignificant, especially for politicians.

Until then, the Brazilian people can at least take comfort in the fact that some of the most frequent users of LNRs are now being denied their non-lawful rights and having to spend a heap of their time and easy-earned money on getting their lawyers to read up on all the latest LR&Rs. Indeed, some may even be charged at some point and suffer, oh the horror, negative consequences.

And maybe, just maybe, in a time not too far from now, those democratically responsible for Brazil´s general management will have learnt that such responsibility applies, without exception, to all aspects of their job description, and not just the nice, baby-kissing, feel-good parts.

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