DF court suspends law that allowed use of public properties to capitalize BRB

by Marcelo Moreira

The Court of Justice of the Federal District granted an injunction this Monday (16) that suspends the law that authorized the use of public properties and state-owned assets to capitalize Banco de Brasília (BRB). The decision is from the 2nd Public Finance Court of the Federal District, which responded to the request made by a popular action that was presented by several political and social leaders in the federal capital.

The action questions the legality of the operation and called for the immediate suspension of any measure aimed at transferring public assets to reinforce BRB’s assets. In the decision, the judge understood that there is a risk to public assets if the law is executed without due transparency and without technical studies on the real financial situation of BRB.

The injunction also determines that the Government of the Federal District refrain from carrying out any act to implement the measures provided for in the law, especially the transfer of properties and assets from public companies to the bank.

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