IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL5.08▲ 0.25% USD/MXN17.40▼ 0.16% USD/CLP924.85▼ 0.19% USD/COP3,220▼ 0.48% USD/PEN3.38▼ 0.28% USD/ARS1,476▲ 0.34% USD/UYU40.15▲ 1.04% USD/PYG6,039▲ 1.28% USD/BOB10.65▲ 5.99% USD/DOP58.27▼ 0.05% USD/CRC447.49▲ 0.88% USD/GTQ7.62▲ 2.09% USD/HNL26.73▼ 0.01% USD/NIO36.62▲ 0.31% USD/VES723.93▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.98▼ 0.33% USD/TTD6.76▲ 1.32% EUR/BRL5.82▼ 0.62% BRENT 84.63 ▼ 0.12% WTI 79.38 ▲ 0.05% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.17% GOLD 4,042 ▼ 0.46% SILVER 57.19 ▼ 2.69% SOY 1,199 ▼ 0.72% CORN 469.25 ▲ 8.18% WHEAT 679.75 ▲ 7.68% COFFEE 324.15 ▼ 3.87% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 135.80 ▼ 3.17% COTTON 82.13 ▲ 3.18% COCOA 5,945 ▲ 5.04% BEEF 229.78 ▼ 0.71% CATTLE 344.00 ▼ 1.38% LITHIUM 70.45 ▼ 1.58% PETR4 40.41 ▼ 0.61% VALE3 74.20 ▲ 0.26% ITUB4 43.18 ▼ 1.03% BBDC4 18.55 ▼ 0.43% ABEV3 15.55 ▼ 1.64% BBAS3 20.66 ▲ 0.34% B3SA3 15.72 ▲ 2.54% WEGE3 43.82 ▼ 0.86% PRIO3 57.28 ▼ 0.50% SUZB3 41.36 ▲ 0.61% RENT3 40.42 ▼ 0.30% AZZA3 18.72 ▼ 0.69% CSAN3 3.87 ▼ 0.51% RAIZ4 0.30 ▼ 3.23% PCAR3 2.44 ▼ 0.41% GMAT3 3.96 — 0.00% PSSA3 55.32 ▲ 1.90% CVCB3 1.35 ▼ 2.17% POSI3 3.92 ▼ 1.75% SLCE3 13.45 ▼ 2.61% NATU3 8.59 ▲ 0.47% BRKM5 6.44 ▼ 5.71% RANI3 8.00 ▼ 0.12% CSNA3 5.13 ▼ 1.35% CMIN3 5.12 ▲ 0.39% USIM5 8.11 ▼ 1.46% GGBR4 23.95 ▲ 2.70% ENEV3 26.83 ▼ 1.25% CPFE3 46.81 ▼ 0.83% CMIG4 11.17 ▼ 0.27% EQTL3 40.59 ▼ 0.88% LREN3 14.18 ▼ 0.77% VIVT3 35.52 — 0.00% RAIL3 14.01 ▼ 0.85% KLABIN 17.41 ▲ 0.52% RAIA DROGASIL 18.58 ▼ 0.11% RDOR3 36.05 — 0.00% HAPV3 11.01 ▼ 1.61% FLRY3 16.48 ▲ 0.43% SMTO3 15.47 ▼ 4.03% UGPA3 30.30 ▲ 0.63% VBBR3 33.34 ▲ 0.12% BBSE3 40.57 ▲ 0.45% BPAC11 57.07 ▼ 1.52% CURY3 33.27 ▼ 0.95% AERI3 2.04 ▼ 1.45% VIVARA 23.36 ▼ 0.30% COMPASS 25.07 ▼ 0.52% VAMOS 3.09 ▼ 1.90% SANB11 27.14 ▼ 0.73% ASAI3 8.72 ▲ 0.69% SBSP3 30.02 ▼ 1.05% WALMEX 49.98 ▲ 1.44% GMEXICO 199.03 ▼ 0.27% FEMSA 224.40 ▼ 2.14% CEMEX 22.40 ▲ 0.90% GFNORTE 184.41 ▼ 0.96% BIMBO 57.35 ▲ 1.76% TELEVISA 9.59 ▲ 0.63% AMX 22.71 ▼ 0.61% GAP 394.92 ▼ 0.09% ASUR 282.58 ▲ 2.53% OMA 234.67 ▼ 0.15% KOF 178.08 ▼ 1.01% GRUMA 279.71 ▲ 0.11% KIMBER 38.55 ▲ 0.29% SQM-B 65,340 ▼ 3.77% COPEC 6,228 ▲ 0.29% BSANTANDER 77.83 ▼ 1.03% FALABELLA 5,887 ▲ 0.20% ENELAM 84.55 ▼ 1.40% CENCOSUD 2,034 ▼ 0.28% CMPC 1,088 ▼ 1.37% BANCO CHILE 187.91 ▼ 0.84% LATAM AIR 25.12 ▲ 0.88% YPF 77,600 ▼ 0.23% GGAL 8,075 ▲ 2.09% PAMPA 5,170 ▼ 1.15% TXAR 669.00 ▲ 1.06% ALUAR 959.50 ▲ 1.11% TGS 9,665 ▼ 0.46% CEPU 2,317 ▼ 0.43% MIRGOR 16,975 ▲ 1.34% COME 45.80 ▲ 0.11% LOMA NEGRA 3,558 ▲ 0.71% BYMA 302.50 ▲ 0.50% TELECOM ARG 4,338 ▲ 0.12% ECOPETROL 16.05 ▼ 0.68% BANCOLOMBIA 81.77 ▼ 0.40% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 395.72 ▲ 0.89% SOUTHERN COPPER 177.57 ▼ 2.64% BUENAVENTURA 30.38 ▼ 2.09% MERCADOLIBRE 1,844 ▼ 1.60% NUBANK 14.04 ▲ 0.32% XP 17.00 ▲ 0.74% PAGSEGURO 9.18 ▼ 1.13% STONE 11.26 ▼ 0.35% GLOBANT 32.05 ▲ 3.65% TECNOGLASS 44.85 ▲ 1.40% GAP AIRPORT 227.45 ▲ 0.66% ASUR 282.58 ▲ 2.53% OMA AIRPORT 107.70 ▲ 0.05% AMX ADR 26.07 ▼ 0.42% FEMSA ADR 129.01 ▼ 3.12% CEMEX ADR 12.92 ▲ 0.94% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.57 ▼ 0.17% ITAU ADR 8.48 ▼ 0.88% SANTANDER BR 5.37 ▼ 0.46% AMBEV ADR 3.03 ▼ 1.94% CSN 1.01 ▼ 1.80% GERDAU 4.74 ▲ 2.71% LATAM ADR 54.53 ▲ 1.91% BTC 65,072 ▲ 0.18% ETH 1,919 ▲ 1.55% SOL 77.57 ▼ 0.25% XRP 1.11 ▲ 0.18% BNB 578.11 ▼ 0.63% ADA 0.16 ▼ 1.04% DOGE 0.07 ▼ 0.74% AVAX 6.69 ▼ 0.11% LINK 8.47 ▲ 1.60% DOT 0.85 ▼ 0.56% LTC 45.13 ▼ 0.67% BCH 230.53 ▼ 2.52% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 1.42% HBAR 0.07 ▲ 0.30% NEAR 2.06 ▲ 2.78% ATOM 1.56 ▲ 0.13% AAVE 96.44 ▼ 2.47% SELIC 14.25% EMBRAER 81.20 ▼ 1.56% EMBRAER ADR 63.89 ▼ 1.57% JBS 12.07 ▲ 2.03% JBS BDR 61.19 ▲ 2.41% MBRF3 15.42 ▼ 4.16% MBRFY 3.02 ▼ 3.82% INTER 5.61 ▼ 1.58% EGX 52,558 ▲ 0.50% USD/ZAR 16.34 — 0.00% USD/NGN1,379▼ 0.25% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY162.16▼ 0.06% USD/CNY6.76▼ 0.20% DAX 25,000 ▼ 0.59% CAC 8,382 ▲ 0.19% FTSE 10,516 ▼ 0.13% MIB 52,411 ▼ 0.85% IBEX 19,276 ▼ 0.42% STOXX 642.71 ▲ 0.10% EUR/USD1.14▲ 0.23% GBP/USD1.35▲ 1.33% SPX 7,542 ▼ 0.02% DJI 52,539 ▲ 0.06% NDX 29,301 ▼ 0.96% RUT 2,965 — 0.00% TSX 35,338 ▲ 0.05% VIX 16.40 ▼ 0.61% USD/CAD1.40▼ 0.07% US10Y 4.5570 ▼ 0.61% IBOV 175,707.73 ▼ 0.53% IPSA 10,945.86 ▼ 0.71% IPC MEX 66,529.27 ▲ 0.85% MERVAL 3,251,266 ▲ 0.68% COLCAP 2,294.60 ▼ 0.18% BVL PERÚ 57,174.37 — — USD/BRL 5.08 ▲ 0.25% USD/MXN 17.40 ▼ 0.16% USD/CLP 924.85 ▼ 0.19% USD/COP 3,220 ▼ 0.48% USD/PEN 3.38 ▼ 0.28% USD/ARS 1,476 ▲ 0.34% USD/UYU 40.15 ▲ 1.04% USD/PYG 6,039 ▲ 1.28% USD/BOB 10.65 ▲ 5.99% USD/DOP 58.27 ▼ 0.05% USD/CRC 447.49 ▲ 0.88% USD/GTQ 7.62 ▲ 2.09% USD/HNL 26.73 ▼ 0.01% USD/NIO 36.62 ▲ 0.31% USD/VES 723.93 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.98 ▼ 0.33% USD/TTD 6.76 ▲ 1.32% EUR/BRL 5.82 ▼ 0.62% BRENT 84.63 ▼ 0.12% WTI 79.38 ▲ 0.05% IRON ORE 161.91 — — COPPER 6.34 ▲ 0.17% GOLD 4,042 ▼ 0.46% SILVER 57.19 ▼ 2.69% SOY 1,199 ▼ 0.72% CORN 469.25 ▲ 8.18% WHEAT 679.75 ▲ 7.68% COFFEE 324.15 ▼ 3.87% SUGAR 14.81 ▼ 0.47% ORANGE JUICE 135.80 ▼ 3.17% COTTON 82.13 ▲ 3.18% COCOA 5,945 ▲ 5.04% BEEF 229.78 ▼ 0.71% CATTLE 344.00 ▼ 1.38% LITHIUM 70.45 ▼ 1.58% PETR4 40.41 ▼ 0.61% VALE3 74.20 ▲ 0.26% ITUB4 43.18 ▼ 1.03% BBDC4 18.55 ▼ 0.43% ABEV3 15.55 ▼ 1.64% BBAS3 20.66 ▲ 0.34% B3SA3 15.72 ▲ 2.54% WEGE3 43.82 ▼ 0.86% PRIO3 57.28 ▼ 0.50% SUZB3 41.36 ▲ 0.61% RENT3 40.42 ▼ 0.30% AZZA3 18.72 ▼ 0.69% CSAN3 3.87 ▼ 0.51% RAIZ4 0.30 ▼ 3.23% PCAR3 2.44 ▼ 0.41% GMAT3 3.96 — 0.00% PSSA3 55.32 ▲ 1.90% CVCB3 1.35 ▼ 2.17% POSI3 3.92 ▼ 1.75% SLCE3 13.45 ▼ 2.61% NATU3 8.59 ▲ 0.47% BRKM5 6.44 ▼ 5.71% RANI3 8.00 ▼ 0.12% CSNA3 5.13 ▼ 1.35% CMIN3 5.12 ▲ 0.39% USIM5 8.11 ▼ 1.46% GGBR4 23.95 ▲ 2.70% ENEV3 26.83 ▼ 1.25% CPFE3 46.81 ▼ 0.83% CMIG4 11.17 ▼ 0.27% EQTL3 40.59 ▼ 0.88% LREN3 14.18 ▼ 0.77% VIVT3 35.52 — 0.00% RAIL3 14.01 ▼ 0.85% KLABIN 17.41 ▲ 0.52% RAIA DROGASIL 18.58 ▼ 0.11% RDOR3 36.05 — 0.00% HAPV3 11.01 ▼ 1.61% FLRY3 16.48 ▲ 0.43% SMTO3 15.47 ▼ 4.03% UGPA3 30.30 ▲ 0.63% VBBR3 33.34 ▲ 0.12% BBSE3 40.57 ▲ 0.45% BPAC11 57.07 ▼ 1.52% CURY3 33.27 ▼ 0.95% AERI3 2.04 ▼ 1.45% VIVARA 23.36 ▼ 0.30% COMPASS 25.07 ▼ 0.52% VAMOS 3.09 ▼ 1.90% SANB11 27.14 ▼ 0.73% ASAI3 8.72 ▲ 0.69% SBSP3 30.02 ▼ 1.05% WALMEX 49.98 ▲ 1.44% GMEXICO 199.03 ▼ 0.27% FEMSA 224.40 ▼ 2.14% CEMEX 22.40 ▲ 0.90% GFNORTE 184.41 ▼ 0.96% BIMBO 57.35 ▲ 1.76% TELEVISA 9.59 ▲ 0.63% AMX 22.71 ▼ 0.61% GAP 394.92 ▼ 0.09% ASUR 282.58 ▲ 2.53% OMA 234.67 ▼ 0.15% KOF 178.08 ▼ 1.01% GRUMA 279.71 ▲ 0.11% KIMBER 38.55 ▲ 0.29% SQM-B 65,340 ▼ 3.77% COPEC 6,228 ▲ 0.29% BSANTANDER 77.83 ▼ 1.03% FALABELLA 5,887 ▲ 0.20% ENELAM 84.55 ▼ 1.40% CENCOSUD 2,034 ▼ 0.28% CMPC 1,088 ▼ 1.37% BANCO CHILE 187.91 ▼ 0.84% LATAM AIR 25.12 ▲ 0.88% YPF 77,600 ▼ 0.23% GGAL 8,075 ▲ 2.09% PAMPA 5,170 ▼ 1.15% TXAR 669.00 ▲ 1.06% ALUAR 959.50 ▲ 1.11% TGS 9,665 ▼ 0.46% CEPU 2,317 ▼ 0.43% MIRGOR 16,975 ▲ 1.34% COME 45.80 ▲ 0.11% LOMA NEGRA 3,558 ▲ 0.71% BYMA 302.50 ▲ 0.50% TELECOM ARG 4,338 ▲ 0.12% ECOPETROL 16.05 ▼ 0.68% BANCOLOMBIA 81.77 ▼ 0.40% GRUPO AVAL 4.98 ▲ 0.61% CREDICORP 395.72 ▲ 0.89% SOUTHERN COPPER 177.57 ▼ 2.64% BUENAVENTURA 30.38 ▼ 2.09% MERCADOLIBRE 1,844 ▼ 1.60% NUBANK 14.04 ▲ 0.32% XP 17.00 ▲ 0.74% PAGSEGURO 9.18 ▼ 1.13% STONE 11.26 ▼ 0.35% GLOBANT 32.05 ▲ 3.65% TECNOGLASS 44.85 ▲ 1.40% GAP AIRPORT 227.45 ▲ 0.66% ASUR 282.58 ▲ 2.53% OMA AIRPORT 107.70 ▲ 0.05% AMX ADR 26.07 ▼ 0.42% FEMSA ADR 129.01 ▼ 3.12% CEMEX ADR 12.92 ▲ 0.94% PETROBRAS ADR 17.74 ▼ 1.03% VALE ADR 14.57 ▼ 0.17% ITAU ADR 8.48 ▼ 0.88% SANTANDER BR 5.37 ▼ 0.46% AMBEV ADR 3.03 ▼ 1.94% CSN 1.01 ▼ 1.80% GERDAU 4.74 ▲ 2.71% LATAM ADR 54.53 ▲ 1.91% BTC 65,072 ▲ 0.18% ETH 1,919 ▲ 1.55% SOL 77.57 ▼ 0.25% XRP 1.11 ▲ 0.18% BNB 578.11 ▼ 0.63% ADA 0.16 ▼ 1.04% DOGE 0.07 ▼ 0.74% AVAX 6.69 ▼ 0.11% LINK 8.47 ▲ 1.60% DOT 0.85 ▼ 0.56% LTC 45.13 ▼ 0.67% BCH 230.53 ▼ 2.52% TRX 0.32 ▼ 0.37% XLM 0.19 ▲ 1.42% HBAR 0.07 ▲ 0.30% NEAR 2.06 ▲ 2.78% ATOM 1.56 ▲ 0.13% AAVE 96.44 ▼ 2.47% SELIC 14.25% EMBRAER 81.20 ▼ 1.56% EMBRAER ADR 63.89 ▼ 1.57% JBS 12.07 ▲ 2.03% JBS BDR 61.19 ▲ 2.41% MBRF3 15.42 ▼ 4.16% MBRFY 3.02 ▼ 3.82% INTER 5.61 ▼ 1.58% EGX 52,558 ▲ 0.50% USD/ZAR 16.34 — 0.00% USD/NGN 1,379 ▼ 0.14% NIKKEI 68,752 ▲ 1.49% CSI300 4,787 ▼ 0.20% HSI 24,681 ▲ 1.40% NIFTY 24,079 ▲ 0.11% KOSPI 7,284 ▲ 6.24% JCI 6,042 ▲ 0.04% USD/JPY 162.17 ▼ 0.01% USD/CNY 6.7574 ▼ 0.07% DAX 25,000 ▼ 0.59% CAC 8,382 ▲ 0.19% FTSE 10,516 ▼ 0.13% MIB 52,411 ▼ 0.85% IBEX 19,276 ▼ 0.42% STOXX 642.71 ▲ 0.10% EUR/USD 1.1446 ▲ 0.18% GBP/USD 1.3527 ▲ 1.05% SPX 7,542 ▼ 0.02% DJI 52,539 ▲ 0.06% NDX 29,301 ▼ 0.96% RUT 2,965 — 0.00% TSX 35,338 ▲ 0.05% VIX 16.40 ▼ 0.61% USD/CAD 1.4049 ▼ 0.09% US10Y 4.5570 ▼ 0.61%
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Opinion: Packing Brazil’s Supreme Court?

By · July 5, 2018 · 3 min read

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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – Just as football was threatening to steal all the headline space from politics, presidential candidate Jair Bolsonaro decided to throw a rock in a pond and see where the ripples went.

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During an interview, Bolsonaro said that, if elected, he would increase the size of Brazil’s Supreme Court (STF) from 11 to 21 members, by appointing another ten. His justification is that recent decisions have been embarrassing, divisive and politically motivated, so he would appoint jurists who are independent.

Perhaps coincidentally, Brazil has gone down this path before. In 1965, the military junta, unhappy with some STF decisions that continued to assert judicial power, increased the number of justices from 11 to 16. A few years later, however, the junta decided to reduce the number to the original 11.

As it happens, the practice of meddling with the membership of the supreme tribunal of a nation has a long history. In 1935, unhappy with some Supreme Court decisions that declared New Deal legislation unconstitutional, U.S. President Roosevelt proposed adding one new Justice for every one that reached the age of seventy, up to a total of fifteen Justices. After the proposal was made, the U.S. Congress simply ignored it, letting it die of old age without coming to a vote.

In 2004, Venezuela’s ruler Chávez successfully increased the country’s Supreme Court from 20 to 32 members, again because he was unhappy with some decisions of the court. More recently, autocratic leaders of Hungary, Poland and Turkey have also taken measures designed to reduce the power of their supreme tribunals.

In the U.S., the size of the Supreme Court is not in the Constitution, it is determined by statute passed by Congress. In Brazil, however, the 1988 Constitution expressly states that the STF shall comprise eleven judges (called, strangely enough, “ministers”). Thus, Bolsonaro would face quite a hurdle if he decided to proceed down this road.

A Constitutional Amendment requires the positive vote of sixty percent of all the members of both houses of parliament, in two separate votes. This is theoretically possible, because Brazil has enacted over 100 Amendments to its Constitution during the past thirty years. But that requires a parliament where the President has a working super-majority, which is highly unlikely to be the case if Bolsonaro is elected.

Moreover, Brazil’s 1988 Constitution has a provision (Article 60 Section 4) which absolutely forbids parliament from even considering a vote on any matter which would deny or limit the separation of powers. It is well established that such a provision (called a “cláusula pétrea” meaning “cast in stone”) is enforceable by the STF itself.

The STF has already declared unconstitutional several amendments, duly passed by parliament. Bolsonaro’s proposed amendment would surely suffer the same fate, as the STF will not appreciate having its authority called into question by populist politicians.

It is undeniable that today the STF is in disrepute, but Bolsonaro’s autocratic “cure” would be worse than the disease. So, for the near future, we are likely to have an STF of 11 “ministers” who continue fiercely divided along juridical, political and philosophical lines, issuing narrow 6-5 decisions on controversial topics.

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