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Privatization of the Casa da Moeda and other state-owned companies does not require authorization by specific law

02/08/2021

The Plenary of the Supreme Court of Brazil (STF) ruled that for the privatization or extinction of state-owned companies, the generic authorization provided in the law that contains the privatization program is sufficient. In the virtual session closed on February 5th, the Justices, by majority vote, dismissed the Direct Unconstitutionality Action (ADI) 6241, in which the Democratic Labor Party (PDT) defended the need for a specific law for the privatization of public companies and mixed economy companies and sought to suspend the privatization process of the "Casa da Moeda do Brasil", of the Data Processing Service (Serpro), of the Social Security Information and Technology Company (Dataprev), of the Brazilian Agency for the Management of Guarantee Funds and Guarantees S/A (ABGF), of the Asset Management Company (Emgea), and of the National Center for Advanced Electronic Technology S/A (Ceitec).

AR/AD//CF - CG/FB/JR/LP

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