Investor Research
Institutional analysis focused on Brazil-specific judicial-credit investing, written for international portfolio and risk teams.
July 28, 2026
An official-source review of Brazil's 2025 court-ordered payment reform and the constitutional questions now before Brazil's Supreme Court.
Read full articleJune 23, 2026
Why Brazilian judicial credits and precatorios are the same asset at different stages—and why pre-issuance claims carry larger discounts.
Read full articleMay 21, 2026
City of Sao Paulo precatorios after EC 136/2025: settlement capacity, payment evidence, vintage concentration, and illustrative pricing.
Read full articleApril 14, 2026
An educational framework for reviewing the legal validity, procedural integrity, enforceability, and claimant-level risks of Brazilian judicial credits.
Read full articleApril 10, 2026
How Brazilian federal precatorios work: budget timing, FIDC eligibility, tax-offset utility, accrual rules, and official issuance and payment data.
Read full articleMarch 19, 2026
The 2026 settlement notice restricts eligibility by queue year and payment by available funds. Review the new rules alongside the historical March funding analysis.
Read full articleMarch 09, 2026
What happens after a Brazilian precatorio is acquired: assignment notice, court recognition, tribunal funding, and final cash release.
Read full articleMarch 01, 2026
A plain-English guide to Article 100: how court claims become precatorios, how assignment works, and how duration and execution shape returns.
Read full articleFebruary 28, 2026
A Lummen viewpoint on how EC 136/2025 changed duration and carry, and why ADI 7873 may affect the entry window for Brazilian precatorios.
Read full articleFebruary 28, 2026
When a person or company wins a final judgment against a Brazilian government entity, payment follows a constitutional budget and queue process.
Read full articleFebruary 27, 2026
The legal conflict between Article 114 of Law 8,213/91 and Article 100, Sections 13 and 14 of the Constitution must be underwritten by jurisdiction. Lummen monitors courts daily and…
Read full articleFebruary 27, 2026
An institutional primer on how Brazilian precatorios are formed, priced, and executed, with a risk framework designed for foreign allocators.
Read full articleFebruary 26, 2026
EC 136/2025 changed timing, payment capacity, and carry assumptions for Brazilian precatorios. ADI 7873 introduces legal optionality that may reprice stressed assets and create convex…
Read full articleFebruary 26, 2026
A practical framework to model payment horizon risk in Brazilian judicial credits and translate procedural uncertainty into disciplined pricing.
Read full articleFebruary 25, 2026
How tribunal-specific behavior changes execution certainty, legal admissibility, and risk-adjusted returns in Brazilian judicial-credit portfolios.
Read full articleFebruary 24, 2026
Institutional view of assignment mechanics in Brazilian precatorios, including constitutional notice rules and operational execution checkpoints.
Read full articleFebruary 22, 2026
How institutional vehicles can structure governance, controls, and reporting for Brazilian judicial-credit strategies focused on return quality.
Read full articleFebruary 21, 2026
Institutional checklist for FX exposure, tax framing, and repatriation questions when evaluating Brazilian judicial-credit strategies.
Read full article