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EconomicBrazil·4 Nov 2026

Brazil Court Blocks Casas Bahia US$5.5M Move

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A Brasília court recently rejected a request from retailer Casas Bahia to transfer 30.1 million reais (US$5.5 million) in court-held deposits from the state-owned Banco de Brasília (BRB). Judge Leonardo Roscoe Bessa ruled that the judiciary dictates where court deposits are held and found no evidence of a concrete risk to the funds to justify the move. The…

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Rio Times
Digital newsroomCompany ownedBrazilStandards published

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