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Brazil: Temer Breathes Easier as Congress Blocks Criminal Charge

Last week, the Chamber of Deputies voted to prevent the corruption charge against Temer from advancing to the Supreme Court for consideration. 263 deputies voted in favor of Temer, while 227 voted against him. (At least two thirds of the lower house was required in order to push the criminal charge forward.) Ever since the

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Brazil: Possible IPO for Petrobras’ Distribution Unit: Opportunity Outweighs Controversy

On 22 June Petrobras CEO Pedro Parente stated that he will soon ask the board to deliberate on an IPO for the company’s distribution arm, BR Distribuidora. In statements later divulged in the local press, Parente stressed that the timing seems right for the move, given the significant number of IPOs in Brazil this year.

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Brazil: Temer Charged with Corruption: Political and Economic Implications

This week the Attorney General’s Office filed a criminal charge against President Temer, of the Brazilian Democratic Movement Party (PMDB), for involvement in corruption. According to Attorney General Rodrigo Janot (see our Personality of the Week), there is sufficient evidence to prove that Temer took part in a bribery scheme through Rodrigo Rocha Loures, another

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Brazil: Superior Electoral Tribunal Acquits Temer, but Further Challenges Loom

Temer was on trial for illegal campaign financing accusations that surfaced in 2014, when he was vice president during Dilma Rousseff’s presidency. But while the TSE acquittal is an important lifeline for Temer in his fight to keep the presidency, the trial was only one of several judicial threats that he must face in the

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Brazil: New Elections Before 2018?

Information leaked by the local press over the last week and a half has shown that President Michel Temer allegedly appears 43 times in the plea-bargain testimony of Claudio Melo Filho, a former director of institutional relations at construction conglomerate Odebrecht. Melo Filho is one of dozens of Odebrecht executives who have struck a plea-bargain

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Brazil: After Rousseff’s Impeachment: Prospects for Reform and Political Stability

On 31 August, after months of political wrangling, the Senate voted overwhelmingly in favor of impeaching Dilma Rousseff. Interim President Michel Temer of the Brazilian Democratic Movement Party (PMDB) will now take over the presidency until the next national elections scheduled for October 2018. Although Rousseff’s ousting was largely expected, Senate chairman and PMDB member

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Brazil: Indications of Local Content Changes

According to an article published in newspaper O Estado de Sao Paulo on 26 August, Marcio Felix, the secretary of oil and gas in the Ministry of Mines and Energy, stated that the Brazilian government will soon reduce local content requirements for companies operating in the oil and gas sector. “There will not be exploration

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Brazil: Temer’s Administration: Unpopular, But Better than Rousseff’s

On 16 July Datafolha published the first national-level poll evaluating the performance of interim President Michel Temer’s administration. Run between 14 and 15 July, the poll is so far the most comprehensive picture of public perceptions surrounding the new government. According to Datafolha, Temer currently has a 14% approval rating – roughly the same

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Brazil: Prosecutor General Requests Arrests of Four Top PMDB Figures

On 7 June Prosecutor General Rodrigo Janot sent the STF an official request for the arrests of four major PMDB figures: suspended lower house chairman Eduardo Cunha, former President Jose Sarney, former Planning Minister Romero Juca and current Senate chairman Renan Calheiros. In Sarney’s case, the request is for house arrest due to his advanced

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Brazil: Juca’s Resignation: Corruption Allegations against the Temer Administration

On 23 May the newspaper Folha de Sao Paulo published audio clips from wiretapped phone conversations between Romero Juca, one of provisional President Michel Temer’s most powerful aides, and former chairman of state-owned gas company Transpetro, Sergio Machado. In their conversations, which took place in early May, shortly before Dilma Rousseff stepped down to await