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LatinNews Daily - 30 July 2018

In brief: Brazil

* Brazil’s supreme court (STF) has temporarily suspended, pending review, a lower court ruling ordering the state-owned oil firm, Petrobras, to pay R$17bn (US$4.3bn) in backdated pay to its employees. Back in June Brazil’s superior labour court (TST) ruled that Petrobras owed increased backdated pay to some 50,000 employees, who successfully argued that the firm had failed to meet the terms of a collective salary agreement reached in 2007. However, Petrobras has appealed against the ruling before the STF arguing that it could not afford to make the payments ordered by the TST. The STF ultimately agreed to suspend the TST ruling until it could analyse Petrobras’s appeal.

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