IBOV 172,179.93 ▼ 0.19% IPSA 11,268.86 ▲ 0.11% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,122,064 — 0.00% COLCAP 2,372.50 ▲ 0.94% BVL PERÚ 59,581.33 ▲ 0.19% USD/BRL5.10▼ 0.11% USD/MXN17.12▼ 0.14% USD/CLP913.43▼ 0.42% USD/COP3,125▼ 0.98% USD/PEN3.38▼ 0.10% USD/ARS1,491▼ 0.49% USD/UYU40.25▲ 1.59% USD/PYG5,925▲ 1.88% USD/BOB11.72▲ 0.37% USD/DOP58.20▲ 1.20% USD/CRC447.79▲ 1.51% USD/GTQ7.62▲ 2.47% USD/HNL26.78▲ 1.86% USD/NIO36.62▲ 1.01% USD/VES759.31▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.39▲ 0.39% USD/TTD6.71▲ 1.19% EUR/BRL5.89▲ 0.41% BRENT 89.21 ▲ 1.70% WTI 83.67 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 1.42 ▲ 1.27% AAVE 89.01 ▼ 0.14% SELIC 14.00% EMBRAER 94.66 ▲ 2.31% EMBRAER ADR 73.80 ▲ 1.08% JBS 13.41 ▼ 5.76% JBS BDR 68.91 ▼ 4.41% MBRF3 15.94 ▼ 0.81% MBRFY 3.10 ▼ 0.64% INTER 5.35 ▲ 1.52% EGX 54,649 ▼ 0.41% USD/ZAR16.19▼ 0.10% USD/NGN 1,359 — 0.00% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY159.21▼ 0.06% USD/CNY6.73▼ 0.19% DAX 26,315 ▼ 0.03% CAC 8,713 ▼ 0.15% FTSE 10,869 ▲ 0.06% MIB 53,656 ▼ 0.01% IBEX 20,243 ▲ 0.35% STOXX 660.98 ▲ 0.08% EUR/USD1.15▲ 0.02% GBP/USD1.35▲ 0.06% SPX 7,753 ▼ 0.06% DJI 53,976 ▼ 0.11% NDX 29,622 ▼ 0.34% RUT 3,017 ▼ 0.56% TSX 36,458 ▲ 0.21% VIX 15.51 ▲ 0.32% USD/CAD1.39▼ 0.02% US10Y 4.6990 ▲ 0.84% IBOV 172,179.93 ▼ 0.19% IPSA 11,268.86 ▲ 0.11% IPC MEX 66,438.58 ▼ 0.75% MERVAL 3,122,064 — 0.00% COLCAP 2,372.50 ▲ 0.94% BVL PERÚ 59,581.33 ▲ 0.19% USD/BRL 5.11 ▲ 0.06% USD/MXN 17.13 ▼ 0.08% USD/CLP 916.37 ▼ 0.10% USD/COP 3,138 ▼ 0.57% USD/PEN 3.38 ▼ 0.01% USD/ARS 1,498 ▼ 0.01% USD/UYU 40.25 ▲ 1.59% USD/PYG 5,922 ▲ 1.83% USD/BOB 11.80 ▲ 0.17% USD/DOP 58.12 ▲ 1.06% USD/CRC 447.88 ▲ 1.53% USD/GTQ 7.62 ▲ 2.49% USD/HNL 26.78 ▲ 1.87% USD/NIO 36.62 ▲ 1.01% USD/VES 759.31 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.29 ▲ 0.33% USD/TTD 6.68 ▲ 0.71% EUR/BRL 5.90 ▲ 0.51% BRENT 89.21 ▲ 1.70% WTI 83.67 ▲ 1.88% IRON ORE 161.91 — — COPPER 6.68 ▲ 1.25% GOLD 4,436 ▲ 1.71% SILVER 65.20 ▲ 0.14% SOY 1,181 ▲ 1.99% CORN 463.75 ▲ 5.82% WHEAT 646.75 ▲ 0.98% COFFEE 321.70 ▼ 3.19% SUGAR 16.59 ▲ 0.73% ORANGE JUICE 144.30 ▲ 1.23% COTTON 84.25 ▲ 1.85% COCOA 5,837 ▲ 0.27% BEEF 226.70 ▼ 2.16% CATTLE 344.38 ▼ 2.07% LITHIUM 74.74 ▲ 0.99% PETR4 42.23 ▲ 3.33% VALE3 75.93 ▲ 1.28% ITUB4 40.42 ▼ 0.81% BBDC4 17.18 ▼ 0.75% ABEV3 15.27 ▼ 1.36% BBAS3 20.03 ▼ 0.15% B3SA3 14.67 ▼ 1.87% WEGE3 47.63 ▼ 1.02% PRIO3 61.24 ▲ 6.60% SUZB3 41.29 ▼ 0.98% RENT3 36.30 ▼ 4.02% AZZA3 16.75 ▼ 1.53% CSAN3 3.45 ▼ 5.99% RAIZ4 0.25 ▼ 3.85% PCAR3 2.84 ▼ 2.74% GMAT3 3.68 ▼ 1.34% PSSA3 49.70 ▼ 1.43% CVCB3 1.42 ▼ 6.58% POSI3 3.50 ▼ 0.85% SLCE3 13.37 ▲ 1.13% NATU3 8.08 ▼ 2.42% BRKM5 5.75 ▼ 3.20% RANI3 8.02 ▼ 2.50% CSNA3 4.46 ▼ 2.41% CMIN3 5.46 ▲ 0.18% USIM5 7.16 ▲ 0.14% GGBR4 25.25 ▲ 0.80% ENEV3 25.32 ▼ 3.29% CPFE3 44.40 ▼ 0.89% CMIG4 10.68 ▼ 2.20% EQTL3 36.77 ▼ 1.37% LREN3 12.12 ▼ 2.18% VIVT3 30.55 ▼ 0.10% RAIL3 13.22 ▼ 2.72% KLABIN 17.86 ▼ 0.83% RAIA DROGASIL 19.38 ▼ 4.15% RDOR3 33.97 ▲ 0.15% HAPV3 10.30 ▼ 4.36% FLRY3 18.82 ▼ 0.69% SMTO3 14.95 ▲ 1.22% UGPA3 31.00 ▼ 0.90% VBBR3 33.44 ▼ 2.31% BBSE3 38.23 ▼ 0.39% BPAC11 53.86 ▲ 1.37% CURY3 31.69 ▲ 1.05% AERI3 2.31 ▲ 0.87% VIVARA 21.64 ▲ 0.05% COMPASS 22.52 ▼ 1.36% VAMOS 2.91 ▼ 5.52% SANB11 29.25 ▼ 0.07% ASAI3 8.06 ▼ 2.18% SBSP3 26.55 ▼ 1.26% WALMEX 48.30 ▼ 2.37% GMEXICO 225.00 ▲ 0.09% FEMSA 205.60 ▼ 1.93% CEMEX 19.43 ▼ 0.56% GFNORTE 197.03 ▼ 1.38% BIMBO 61.52 ▲ 0.61% TELEVISA 10.01 ▲ 2.25% AMX 20.52 ▲ 0.44% GAP 370.28 ▼ 2.88% ASUR 274.62 ▼ 0.74% OMA 232.51 ▼ 1.55% KOF 186.29 ▼ 1.49% GRUMA 255.42 ▲ 0.20% KIMBER 40.38 ▼ 0.93% SQM-B 66,950 ▲ 1.76% COPEC 6,102 ▼ 0.21% BSANTANDER 81.80 ▲ 2.05% FALABELLA 6,439 ▼ 0.47% ENELAM 87.50 ▲ 0.11% CENCOSUD 2,050 — 0.00% CMPC 1,036 ▲ 0.54% BANCO CHILE 189.76 ▲ 0.59% LATAM AIR 24.79 ▼ 3.91% YPF 8,065 ▲ 3.73% GGAL 7,360 ▲ 0.62% PAMPA 5,240 — 0.00% TXAR 754.50 ▲ 5.45% ALUAR 951.50 ▲ 1.82% TGS 9,330 ▲ 2.13% CEPU 2,188 ▼ 0.91% MIRGOR 1,690 ▲ 3.68% COME 42.89 ▲ 3.82% LOMA NEGRA 3,260 ▼ 0.15% BYMA 286.75 ▼ 1.46% TELECOM ARG 4,520 ▲ 3.20% ECOPETROL 17.05 ▲ 1.61% BANCOLOMBIA 91.47 ▲ 2.95% GRUPO AVAL 5.28 ▲ 4.35% CREDICORP 382.21 ▼ 1.22% SOUTHERN COPPER 200.11 ▲ 0.53% BUENAVENTURA 34.61 ▲ 1.35% MERCADOLIBRE 1,824 ▲ 0.20% NUBANK 13.86 ▲ 0.14% XP 16.20 ▼ 0.25% PAGSEGURO 9.08 ▼ 0.66% STONE 10.37 ▼ 2.17% GLOBANT 38.58 ▲ 3.14% TECNOGLASS 41.43 ▼ 6.14% GAP AIRPORT 216.17 ▼ 2.93% ASUR 274.62 ▼ 0.74% OMA AIRPORT 108.53 ▼ 1.73% AMX ADR 23.89 ▲ 0.59% FEMSA ADR 119.92 — 0.00% CEMEX ADR 11.30 ▼ 0.26% PETROBRAS ADR 18.33 ▲ 2.06% VALE ADR 14.89 ▲ 1.22% ITAU ADR 7.88 ▼ 0.76% SANTANDER BR 5.76 ▼ 0.86% AMBEV ADR 2.94 ▼ 2.00% CSN 0.90 ▼ 3.05% GERDAU 4.96 — 0.00% LATAM ADR 53.74 ▼ 5.25% BTC 64,187 ▲ 0.43% ETH 1,886 ▲ 0.79% SOL 75.94 ▼ 0.01% XRP 1.01 ▼ 0.64% BNB 607.51 ▲ 1.47% ADA 0.19 ▼ 1.60% DOGE 0.07 ▲ 1.14% AVAX 6.50 ▲ 1.00% LINK 8.68 ▲ 4.72% DOT 0.80 ▼ 0.15% LTC 45.42 ▲ 0.69% BCH 214.46 ▲ 0.63% TRX 0.34 ▲ 1.77% XLM 0.16 ▼ 0.42% HBAR 0.07 ▼ 0.59% NEAR 1.60 ▼ 0.46% ATOM 1.42 ▲ 1.27% AAVE 89.01 ▼ 0.14% SELIC 14.00% EMBRAER 94.66 ▲ 2.31% EMBRAER ADR 73.80 ▲ 1.08% JBS 13.41 ▼ 5.76% JBS BDR 68.91 ▼ 4.41% MBRF3 15.94 ▼ 0.81% MBRFY 3.10 ▼ 0.64% INTER 5.35 ▲ 1.52% EGX 54,649 ▼ 0.41% USD/ZAR 16.20 ▲ 0.03% USD/NGN 1,359 — 0.00% NIKKEI 66,970 ▲ 2.08% CSI300 4,664 ▼ 0.81% HSI 25,653 ▼ 1.10% NIFTY 24,472 ▼ 0.46% KOSPI 6,346 ▲ 0.73% JCI 6,268 ▼ 1.53% USD/JPY 159.14 ▼ 0.05% USD/CNY 6.7334 ▼ 0.06% DAX 26,315 ▼ 0.03% CAC 8,713 ▼ 0.15% FTSE 10,869 ▲ 0.06% MIB 53,656 ▼ 0.01% IBEX 20,243 ▲ 0.35% STOXX 660.98 ▲ 0.08% EUR/USD 1.1542 ▼ 0.03% GBP/USD 1.3503 ▼ 0.03% SPX 7,753 ▼ 0.06% DJI 53,976 ▼ 0.11% NDX 29,622 ▼ 0.34% RUT 3,017 ▼ 0.56% TSX 36,458 ▲ 0.21% VIX 15.51 ▲ 0.32% USD/CAD 1.3932 ▼ 0.01% US10Y 4.6990 ▲ 0.84%
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Supreme Court Denies Extradition of Turkish-Brazilian Businessman

By · August 8, 2019 · 2 min read

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RIO DE JANEIRO, BRAZIL – On Tuesday, August 6th, the Second Panel of the Federal Supreme Court (STF) unanimously denied the extradition request of Ali Sipahi, submitted by the Turkish government.

A trader, Ali Sipahi has lived in Brazil for 12 years, is married to a Turk and has a 4-year-old Brazilian son.
A trader, Ali Sipahi has lived in Brazil for twelve years, is married to a Turk and has a four-year-old Brazilian son. (Photo internet reproduction)
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Sipahi, a Turkish naturalized Brazilian, is part of an opposition movement to Turkey strongman Recep Tayyip Erdogan, and the Turkish government is charging him with terrorism.

He was eventually imprisoned in São Paulo on April 25th, after a call from the Turkish government, but was released two weeks later by determination of the STF’s rapporteur for the case, Edson Fachin.

At the time, however, Fachin enforced the so-called precautionary measures, including the use of an electronic anklet. Later, the justice repealed it, and the decision was sustained on Tuesday by the Second Panel.

A trader, Sipahi has lived in Brazil for twelve years, is married to a Turk and has a four-year-old Brazilian son.

Edson Fachin argued that the Brazilian law on terrorism does not backdate and was not yet in force when the Turk’s alleged offense was alleged to have been committed. “At the time of the occurrence, there was no specific statutory definition of terrorism”, he emphasized.

In addition, the justice considered that there is no guarantee that Sipahi will have a fair and impartial judgment in Turkey.

Fachin’s opinion was supported by justice Ricardo Lewandowski. “Criminal law cannot be applied to practices prior to statutory enactment,” he said.

Celso de Mello, the longest-serving justice of the Court, said the Constitution precludes the extradition of foreigners on the grounds of political crimes. “There will be no extradition of foreigners due to political crime or opinion,” he said.

Justice Cármen Lúcia, the last to vote, also argued that this case’s political nature prevents extradition and that the terms under which Turkey has acted do not demonstrate that due process of law would be guaranteed.

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