At the start of the pandemic, Brazil took a beating. It was unable to buy all the ventilators and equipment it wanted from China. The U.S. snapped up everything money could buy. Other wealthy countries got the scraps. We didn’t get much. When it came to vaccines, however, Brazil surprised everyone.

An SBLC is similar to a performance bond. The importer asks a bank to issue the instrument in favor of a foreign seller. The instrument serves as a guarantee of payment.

Here is what I believe international lawyers should expect from their government. Premises: Lula’s campaign did not release a detailed government plan or a list of potential cabinet members.