Judge Gilio Roberto Dos Reese, of the twenty -fifth civil court of Brazilia, denied on Tuesday (22) a request to issue a purchase order Panco BRB.
S. BRB will receive 49 % of regular shares100 % of the favorite, and therefore, 58 % of the total capital of the master, to ensure the vote in the board of directors. The procedure is under analysis by Panco Central (BC).
According to the judge, the popular procedure of the President of the Brazilian Banking Federation, Eduardo Arao de Souza has relevant reasons, but “is not supported by a strong test” to reach the required decision.
From the point of view of kings, opinion reports against purchase are not sufficient, and lacks deepening with the contradiction, “in addition to the definition of efficiency because of the matter and the person to consider the requests submitted in this constitutional procedure.”
The judge still argues that a judicial order cannot be given in the case because the act of integrating banking institutions is complicated and demands a reasonable period that the government declares.
In the decision, there is still no certainty about reducing the case. Initially, the lawsuit was distributed to the first court from the Ministry of General Treasury for the federal region, which realized that there is no interest from the federal boycott because it is a mixed economic bank, and it was sent to the twenty -fifth civil court.
“There is a serious controversy over the jurisdiction of the remaining civil court, so that the assessment of guardianship is implemented on a temporary basis, especially to prevent negative judicial ruling, without bias for more analysis of the jurisdiction after the federal boycott in the initial boycott, ID 233018362, p.
