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2 clusters · 7 sources · 1 days · First seen · Last updated

BRB and Bahia Court of Justice contract dispute

Overview

The Supreme Federal Court (STF) has suspended a judgment concerning a contract dispute between the Court of Justice of Bahia (TJ-BA) and Banco de Brasília (BRB). The case involves a preliminary injunction to extend a contract for the administration of judicial deposits, administrative funds, and bail money for an additional 90 days.

Justice Gilmar Mendes requested more time for analysis, halting proceedings in the STF’s Second Panel. The dispute arose after the Bahia Court opted to hire Caixa Econômica Federal instead of renewing with BRB. The Government of the Federal District, BRB’s controlling shareholder, filed a lawsuit to extend the contract, arguing that the loss of the Bahia contract—which generates approximately R$ 394 million monthly—could jeopardize the bank’s liquidity following financial losses related to securities linked to the liquidated Banco Master.

Entities

Espaço Petrobras de Cinema · São Paulo · Luiz Fux · Supreme Federal Court · Gilmar Mendes

Timeline

  1. 2 days ago

    [POLITICS] 3 sources
    Superior Tribunal de Justiça suspends repossession of São Paulo cinema

    Brazil's Superior Tribunal de Justiça suspended the repossession of the Espaço Petrobras de Cinema in São Paulo, citing its status as a protected cultural preservation zone.

  2. 3 days ago

    [POLITICS] 4 sources
    Supreme Federal Court suspends BRB contract dispute trial

    Brazil's Supreme Federal Court suspended a trial regarding the extension of a judicial deposit contract between the Bahia Court of Justice and Banco de Brasília.

Sources

acordacidade.com.br · brasil247.com · brasilemfolhas.com.br · dev.tnonline.com.br · mobile.valor.com.br · sao-paulo.estadao.com.br · tribunadepetropolis.com.br