Overview

• Government leaders, the Supreme Federal Court and congressional chiefs are coordinating a Lei Geral Antiembargo to block enforcement in Brazil of unilateral foreign embargoes viewed as violating national sovereignty.
• The draft, circulating between the STF and the attorney general’s office, draws on European models and a mid‑August decision by Justice Flávio Dino that curtailed the effect of foreign asset orders inside Brazil.
• President Lula and Chamber President Hugo Motta were consulted and signaled support, with discussions pointing to a lawmaker introducing the bill even as the final sponsorship route remains under consideration.
• Banks’ uncertainty after U.S. Magnitsky actions—including a reported R$42 billion one‑day drop in bank shares—has spurred the effort, and backers say the law could provide legal cover and support bids for exemptions or court relief abroad.
• Organizers delayed formal submission because of recent domestic political turmoil and sensitivity around a possible Lula–Trump meeting, while opposition figures, especially bolsonaristas, argue the proposal chiefly benefits Justice Alexandre de Moraes.