Brazil’s Supreme Court Halts Bahia Shift of BRB Judicial Deposits
Justice Luiz Fux barred Bahia's court from shifting judicial deposits away from BRB for 90 days. He cited a serious systemic risk to Brazil's financial system. The post Brazil’s Supreme Court Halts Bahia Shift of BRB Judicial Deposits appeared first on The Rio Times .
The Supreme Court of Brazil has issued an emergency order halting Bahia's shift of BRB judicial deposits for three months, citing a serious systemic risk to the bank. Justice Luiz Fux of the STF ordered the Bahia state court to keep its BRB judicial deposits in place, preventing any material transfer to a third bank during this period. The decision aims to prevent a worsening crisis that could cause irreparable harm to the economy. The order will be reviewed by the Second Panel of the STF between 4 and 14 September 2026.
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