I think some are making a bigger deal of the "legal" side to this than exists. TCU are an arm of the federal government (they are the accountability office) and have NOW "asked" Petrobras to not do anymore deals other than the ones currently on the boil (5 for $3.3B) to solve its immediate/critical debt problems.
In the meantime, the TCU will review Petrobras' divestment processes and likely recommend some changes or improvements as most good auditors do. Something the Federal Court hearing the (current) Appeal will unlikely do, because it is only their job to make judgement on current legislation (not retrospective or future).
If the Federal Court validates the Appeal, then how is the TCU going to say that the deal doesn't meet some new set of recommendations or requirements it hasn't recommended yet? Auditors only audit to rules and procedures as they stand.
This supposed injunction is not a new court order to cease and desist, sitting on top of any current outstanding legal processes IMHO.
Karoon & the Famous Five., page-2
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