Brazilian Superior Court of Justice recognises the application of default penalty to enforcement of arbitral awards | Practical Law

Brazilian Superior Court of Justice recognises the application of default penalty to enforcement of arbitral awards | Practical Law

In David Zylbersztajn and others v FRB-PAR Investimentos S/A, Special Appeal n. 1.102.460-RJ, the Brazilian Superior Court of Justice (STJ) ruled that the penalty application provided for in Article 475-J of the Brazilian Code of Civil Procedure also applies to the enforcement of arbitral awards.

Brazilian Superior Court of Justice recognises the application of default penalty to enforcement of arbitral awards

by Eduardo Damião Gonçalves (Partner), Flávio Spaccaquerche Barbosa (Associate), Thaysa Panza de Paula (Associate), Mattos Filho Advogados
Published on 15 Oct 2015 • Brazil
In David Zylbersztajn and others v FRB-PAR Investimentos S/A, Special Appeal n. 1.102.460-RJ, the Brazilian Superior Court of Justice (STJ) ruled that the penalty application provided for in Article 475-J of the Brazilian Code of Civil Procedure also applies to the enforcement of arbitral awards.