{"id":611749,"date":"2026-04-19T22:16:55","date_gmt":"2026-04-19T20:16:55","guid":{"rendered":"https:\/\/kohenavocats.com\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/"},"modified":"2026-05-10T12:28:23","modified_gmt":"2026-05-10T10:28:23","slug":"acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17","status":"publish","type":"kji_decision","link":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/","title":{"rendered":"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\/19.4T8VIS.C1.S1 \u2013 2023-10-17"},"content":{"rendered":"<div class=\"kji-decision\">\n<p class=\"kji-summary\">Relator: GRA?A AMARAL. I &#8212; A informa\u00e7\u00e3o prestada pelo intermedi\u00e1rio financeiro \u00e9 deficiente e inexacta quando n\u00e3o elucida aspectos essenciais do produto de modo a permitir ao cliente entender as respectivas especificidades.<\/p>\n<p>II &#8212; Constitui aspecto essencial para um investidor de perfil conservador e n\u00e3o qualificado a informa\u00e7\u00e3o de que o produto (obriga\u00e7\u00f5es SLN) detinha a mesma seguran\u00e7a que o dep\u00f3sito a prazo, com garantia de capital a 100% (cem por cento), tal como o dep\u00f3sito a prazo, sem que lhe tenha sido explicitado, pelo menos, que n\u00e3o lhe assistia a garantia prevista para os dep\u00f3sitos banc\u00e1rios a prazo, isto \u00e9, o reembolso de \u20ac 25 000,00 garantidos legalmente, que consubstancia caracter\u00edstica espec\u00edficas do produto ab initio (por n\u00e3o estar dependente de quaisquer variantes designadamente da evolu\u00e7\u00e3o da conjuntura econ\u00f3mico-financeira).<\/p>\n<p>III &#8212; A viola\u00e7\u00e3o do dever de informa\u00e7\u00e3o que impende sobre intermedi\u00e1rio financeiro leva a presumir a sua conduta como culposa, nos termos do disposto no art. 314.\u00ba, n.\u00ba 2, do CVM.<\/p>\n<p>IV &#8212; O ju\u00edzo presuntivo e o conhecimento dele resultante consubstancia um facto; n\u00e3o um ju\u00edzo de valor nem uma conclus\u00e3o de direito.<\/p>\n<p>V &#8212; \u00c9 l\u00edcita a demonstra\u00e7\u00e3o do nexo causal entre o facto il\u00edcito (a informa\u00e7\u00e3o inexacta ou deficiente prestada pelo intermedi\u00e1rio financeiro) e o dano (o n\u00e3o reembolso do capital investido) atrav\u00e9s de ila\u00e7\u00e3o f\u00e1ctica retirada pelo tribunal da Rela\u00e7\u00e3o.<\/p>\n<hr class=\"kji-sep\" \/>\n<p class=\"kji-source-links\"><strong>Sources officielles :<\/strong> <a class=\"kji-source-link\" href=\"https:\/\/www.dgsi.pt\/jstj.nsf\/954f0ce6ad9dd8b980256b5f003fa814\/142a94bed71d500580258a4b004b1ad7?OpenDocument&#038;ExpandSection=1\" target=\"_blank\" rel=\"noopener noreferrer\">consulter la page source<\/a><\/p>\n<p class=\"kji-license-note\"><em>Portails officiels portugais (DGSI \/ Tribunal Constitucional). Republication en metadata_only par prudence licencielle ; consulter la source officielle pour le texte authentique.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Relator: GRA?A AMARAL. I &#8212; A informa??o prestada pelo intermedi?rio financeiro ? deficiente e inexacta quando n?o elucida aspectos essenciais do produto de modo a permitir ao cliente entender as respectivas especificidades. II &#8212; Constitui aspecto essencial para um investidor de perfil conservador e n?o qualificado a informa??o de que o produto (obriga??es SLN) detinha a mesma seguran?a que o dep?sito a prazo, com garantia de capital a 100% (cem por cento), tal como o dep?sito a prazo, sem que lhe tenha sido explicitado, pelo menos, que n?o lhe assistia a garantia prevista para os dep?sitos banc?rios a prazo, isto ?, o reembolso de ? 25 000,00 garantidos legalmente, que consubstancia caracter?stica espec?ficas do produto ab initio (por n?o estar dependente de quaisquer variantes designadamente da evolu??o da conjuntura econ?mico-financeira). III &#8212; A viola??o do dever de informa??o que impende sobre intermedi?rio financeiro leva a presumir a sua conduta como culposa, nos termos do disposto no art. 314.?, n.? 2, do CVM. IV &#8212; O ju?zo presuntivo e o conhecimento dele resultante consubstancia um facto; n?o um ju?zo de valor nem uma conclus?o de direito. V &#8212; ? l?cita a demonstra??o do nexo causal entre o facto il?cito (a informa??o inexacta ou deficiente prestada pelo intermedi?rio financeiro) e o dano (o n?o reembolso do capital investido) atrav?s de ila??o f?ctica retirada pelo tribunal da Rela??o.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_crdt_document":""},"kji_country":[7762],"kji_court":[7763],"kji_chamber":[8887],"kji_year":[24566],"kji_subject":[7724],"kji_keyword":[7772,7774,7771,7773,7636],"kji_language":[7770],"class_list":["post-611749","kji_decision","type-kji_decision","status-publish","hentry","kji_country-portugal","kji_court-supremo-tribunal-de-justica","kji_chamber-6-seco","kji_year-24566","kji_subject-civil","kji_keyword-acordao","kji_keyword-justica","kji_keyword-processo","kji_keyword-supremo","kji_keyword-tribunal","kji_language-pt"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\/19.4T8VIS.C1.S1 \u2013 2023-10-17 - Ma\u00eetre Hassan Kohen, avocat en droit p\u00e9nal \u00e0 Paris<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\/19.4T8VIS.C1.S1 \u2013 2023-10-17\" \/>\n<meta property=\"og:description\" content=\"Relator: GRA?A AMARAL. I - A informa??o prestada pelo intermedi?rio financeiro ? deficiente e inexacta quando n?o elucida aspectos essenciais do produto de modo a permitir ao cliente entender as respectivas especificidades. II - Constitui aspecto essencial para um investidor de perfil conservador e n?o qualificado a informa??o de que o produto (obriga??es SLN) detinha a mesma seguran?a que o dep?sito a prazo, com garantia de capital a 100% (cem por cento), tal como o dep?sito a prazo, sem que lhe tenha sido explicitado, pelo menos, que n?o lhe assistia a garantia prevista para os dep?sitos banc?rios a prazo, isto ?, o reembolso de ? 25 000,00 garantidos legalmente, que consubstancia caracter?stica espec?ficas do produto ab initio (por n?o estar dependente de quaisquer variantes designadamente da evolu??o da conjuntura econ?mico-financeira). III - A viola??o do dever de informa??o que impende sobre intermedi?rio financeiro leva a presumir a sua conduta como culposa, nos termos do disposto no art. 314.?, n.? 2, do CVM. IV - O ju?zo presuntivo e o conhecimento dele resultante consubstancia um facto; n?o um ju?zo de valor nem uma conclus?o de direito. V - ? l?cita a demonstra??o do nexo causal entre o facto il?cito (a informa??o inexacta ou deficiente prestada pelo intermedi?rio financeiro) e o dano (o n?o reembolso do capital investido) atrav?s de ila??o f?ctica retirada pelo tribunal da Rela??o.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/\" \/>\n<meta property=\"og:site_name\" content=\"Ma\u00eetre Hassan Kohen, avocat en droit p\u00e9nal \u00e0 Paris\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-10T10:28:23+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u043c\u0438\u043d\u0443\u0442\u0430\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\\\/\",\"url\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\\\/\",\"name\":\"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\\\/19.4T8VIS.C1.S1 \u2013 2023-10-17 - Ma\u00eetre Hassan Kohen, avocat en droit p\u00e9nal \u00e0 Paris\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/#website\"},\"datePublished\":\"2026-04-19T20:16:55+00:00\",\"dateModified\":\"2026-05-10T10:28:23+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\\\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/avocats-en-droit-penal-a-paris-conseil-et-defense-strategique\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Jurisprudences\",\"item\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/jurisprudences\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\\\/19.4T8VIS.C1.S1 \u2013 2023-10-17\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/#website\",\"url\":\"https:\\\/\\\/kohenavocats.com\\\/ru\\\/\",\"name\":\"Kohen Avocats\",\"description\":\"Ma\u00eetre Hassan Kohen, avocat p\u00e9naliste \u00e0 Paris, intervient exclusivement en droit p\u00e9nal pour la d\u00e9fense des particuliers, notamment en mati\u00e8re d\u2019accusations de viol. 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I - A informa??o prestada pelo intermedi?rio financeiro ? deficiente e inexacta quando n?o elucida aspectos essenciais do produto de modo a permitir ao cliente entender as respectivas especificidades. II - Constitui aspecto essencial para um investidor de perfil conservador e n?o qualificado a informa??o de que o produto (obriga??es SLN) detinha a mesma seguran?a que o dep?sito a prazo, com garantia de capital a 100% (cem por cento), tal como o dep?sito a prazo, sem que lhe tenha sido explicitado, pelo menos, que n?o lhe assistia a garantia prevista para os dep?sitos banc?rios a prazo, isto ?, o reembolso de ? 25 000,00 garantidos legalmente, que consubstancia caracter?stica espec?ficas do produto ab initio (por n?o estar dependente de quaisquer variantes designadamente da evolu??o da conjuntura econ?mico-financeira). III - A viola??o do dever de informa??o que impende sobre intermedi?rio financeiro leva a presumir a sua conduta como culposa, nos termos do disposto no art. 314.?, n.? 2, do CVM. IV - O ju?zo presuntivo e o conhecimento dele resultante consubstancia um facto; n?o um ju?zo de valor nem uma conclus?o de direito. V - ? l?cita a demonstra??o do nexo causal entre o facto il?cito (a informa??o inexacta ou deficiente prestada pelo intermedi?rio financeiro) e o dano (o n?o reembolso do capital investido) atrav?s de ila??o f?ctica retirada pelo tribunal da Rela??o.","og_url":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/","og_site_name":"Ma\u00eetre Hassan Kohen, avocat en droit p\u00e9nal \u00e0 Paris","article_modified_time":"2026-05-10T10:28:23+00:00","twitter_card":"summary_large_image","twitter_misc":{"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f":"1 \u043c\u0438\u043d\u0443\u0442\u0430"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/","url":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/","name":"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\/19.4T8VIS.C1.S1 \u2013 2023-10-17 - Ma\u00eetre Hassan Kohen, avocat en droit p\u00e9nal \u00e0 Paris","isPartOf":{"@id":"https:\/\/kohenavocats.com\/ru\/#website"},"datePublished":"2026-04-19T20:16:55+00:00","dateModified":"2026-05-10T10:28:23+00:00","breadcrumb":{"@id":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/#breadcrumb"},"inLanguage":"ru-RU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/acordao-supremo-tribunal-de-justica-processo-198-19-4t8vis-c1-s1-2023-10-17\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kohenavocats.com\/ru\/avocats-en-droit-penal-a-paris-conseil-et-defense-strategique\/"},{"@type":"ListItem","position":2,"name":"Jurisprudences","item":"https:\/\/kohenavocats.com\/ru\/jurisprudences\/"},{"@type":"ListItem","position":3,"name":"Ac\u00f3rd\u00e3o Supremo Tribunal de Justi\u00e7a \u2013 Processo 198\/19.4T8VIS.C1.S1 \u2013 2023-10-17"}]},{"@type":"WebSite","@id":"https:\/\/kohenavocats.com\/ru\/#website","url":"https:\/\/kohenavocats.com\/ru\/","name":"Kohen Avocats","description":"Ma\u00eetre Hassan Kohen, avocat p\u00e9naliste \u00e0 Paris, intervient exclusivement en droit p\u00e9nal pour la d\u00e9fense des particuliers, notamment en mati\u00e8re d\u2019accusations de viol. 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