Luiz Carlos de Azevedo Correa Junior
Luiz Carlos de Azevedo Correa Junior is a Brazilian judge known for his role in the Tribunal de Justiça de Minas Gerais, where he has made significant decisions regarding the legal framework surrounding state-owned enterprises and their asset sales. He recently ruled on the legality of the sale of hydroelectric plants by the state government, asserting that such transactions, under certain conditions, do not require legislative approval or public referenda.
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Brazil:
Luiz Carlos de Azevedo Correa Junior stated that the sale represents a divestment and does not require legislative authorization.
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