IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.64▲ 1.06% USD/MXN18.58▼ 0.10% USD/CLP994.00▲ 1.14% USD/COP3,302▼ 0.16% USD/PEN3.41▼ 0.06% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES909.35▲ 0.67% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.24▲ 0.08% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.12% USD/MXN 18.59 ▼ 0.07% USD/CLP 994.00 ▲ 1.14% USD/COP 3,302 ▼ 0.16% USD/PEN 3.41 ▼ 0.06% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.45 — 0.00% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.25 ▲ 0.26% BRENT 95.55 ▲ 3.01% WTI 88.37 ▲ 2.13% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.16% GOLD 3,888 ▼ 2.80% SILVER 50.04 ▼ 3.55% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 0.25% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
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Friday, November 13, 2026

Petrobras Cancels Contract With OAB President’s Law Office

By · · 2 min read

RIO DE JANEIRO, BRAZIL – On Tuesday, August 7th, Petrobras sent a letter to the Brazilian Bar Association’s (OAB) President, Felipe Santa Cruz, in which it announces that it is terminating the contract it had with his law firm to represent it in labor law disputes. This information is from Folha de S.Paulo.

Felipe Santa Cruz, president of the Brazilian Bar Association (OAB).
Felipe Santa Cruz, president of the Brazilian Bar Association (OAB).
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“There is clearly an ongoing political persecution,” says the lawyer, who said he would bring an action for damages.

Last year, the Santa Cruz office won a case worth an estimated R$5 billion (US$1.3 billion) that would have had to be paid for late night overtime to employees on board the state-owned oil platforms.

The judgment, in the Superior Labor Court (TST), was narrow: six votes in favor and five against. “It was a termination action, something like resurrecting someone from the dead. I saved the company in the most severe labor cause it has ever faced,” says Santa Cruz.

Arm-wrestling

The measure perpetuates the disputes between Bolsonaro’s government and the Bar Association. On July 29th, when condemning the institution’s stance on the investigation of Adélio Bispo, the perpetrator of the knife attack during the electoral campaign, the president said he could explain to Felipe Santa Cruz the circumstances of the death of his father, Fernando Augusto Santa Cruz de Oliveira, missing during the military dictatorship.

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“Why did the OAB prevent the Federal Police from accessing the phone of one his [Adelio’s] very dear lawyers? What is the OAB’s intention? Who is this OAB? One day, if the president of the OAB would like to know how his father disappeared during the military period, I’ll tell him. He will not want to hear the truth,” the president said.

Soon after, Bolsonaro said live on Facebook, Santa Cruz is “mistaken” about the death of his father and claimed that he had not been killed by the military, as advocated by the lawyer.

Killed by his own group

While getting a haircut during the live broadcast, the head of the federal executive maintained that it was the group of militants of which Fernando Santa Cruz was part in Recife, the “Ação Popular Marxista-Leninista” (Marxist-Leninist Popular Action), that executed the father of the OAB’s current president.

Felipe Santa Cruz has decided to challenge Bolsonaro before the Federal Supreme Court (STF) regarding the statements.

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This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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