Since 2023, Brazil has been experiencing a cycle of infrastructure investments unprecedented in recent history. For 2026, the Brazilian Association of Infrastructure and Basic Industries (Abdib) projects a total of R$ 300 billion in investments in the sector. Although this represents a record level, it remains well below the R$ 500 billion annually considered necessary…
BRB is facing liquidity and capital challenges, and the crisis has reportedly been aggravated by transactions involving Banco Master. Daniel Feitosa Naruto was invited to comment on the matter. 1) In practical terms, what characterizes a liquidity problem such as the one affecting BRB? A liquidity problem does not necessarily mean that a bank is…
In a unanimous decision, the Third Private Law Chamber of the Court of Justice of Mato Grosso (TJMT) overturned a preliminary injunction that had suspended the enforceability of Financial Rural Product Notes (CPR‑F) and prevented a financial institution from adopting collection measures. The case originated from a lawsuit filed by a rural producer seeking recognition…
The case involving the classification of the Marisa Group’s tax contingencies provides a clear illustration of the tensions that exist between legal judgment, accounting prudence, and market expectations. The controversy does not stem from a failure to disclose information or from non-compliance with accounting standards, but rather from differing interpretations regarding the degree of risk…
