The Federation of Brazilian Banks (“FEBRABAN“) has recently approved Regulation No. 026/2023, setting forth guidelines and procedures for Brazilian banks when financing the beef industry, particularly slaughterhouses. Pursuant to the new self-regulation, as of 2025 financing should only be available to slaughterhouses that put into place a due diligence system for tracing and monitoring the activities of direct and indirect suppliers, certifying that no illegal deforestation has occurred in its supply chain. The self-regulation only applies to slaughterhouses … Read the rest
Share
The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here.
A response to the mortgage crisis of 2007, the Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 ushered in a host of new federal rules and oversight for the financial sector. This week, we highlight cert petitions that ask the court to consider, among other things, whether that … Read the rest
Share
This week we highlight cert petitions that ask the Supreme Court to consider, among other things, whether Washington state’s surtax on banks violates the dormant commerce clause when 150 of 153 affected institutions are out of state and whether “one person, one vote” means that California’s statutory scheme allowing raisin cooperatives to vote as a bloc in referenda violates the Constitution.
Big banks challenge a Washington state surtax on Washington-based bank income
Washington Bankers Association v. Washington raises a … Read the rest