Brazil Daily

A crucial day for privatizations in Brazil

A crucial day for privatizations in Brazil

The Brazilian Supreme Court will analyze two cases on whether or not the government needs congressional approval to carry out privatizations. The 11 justices will rule on whether to uphold last year’s injunction by Justice Ricardo Lewandowski, which limited the government’s powers—due to a risk of “irreparable damage to the country.” The ruling establishes that for each privatization process, there must be a specific law approved by lawmakers—an understanding that would clog up the government’s divestments plan.

Whichever way the court leans, the vote is predicted to be tight....

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