Payments of retroactive monetary correction amounts begin for those who received through Novel before September 2022
By court decision, the payment of compensation through the Simplified Indemnity System (Novel) has been carried out since September 2022, with an increase related to monetary correction. The calculation of this value is made by the National Consumer Price Index (IPCA-E), considering the period from the judgment date of the location in question, until the date on which the payment was made. This calculated difference is also subject to simple default interest of 1% per month.
This readjustment is also applied to indemnities for Water Damage and attorney fees. All measures are carried out in compliance with a court order.
The deadline for this discharge is 100 days, starting on June 6, 2023, as made official in a new court decision.
The amounts due will be directed according to bank details registered on Novel’s online platform. If payments are returned due to data inconsistency, the attorneys will be responsible for updating this information so that the payment can be processed again.
About the Simplified Indemnity System
Implemented in August 2020 by the Renova Foundation, by order of the Judicial Branch, the initiative is an alternative to indemnify the damage caused by the Fundao dam collapse. The System makes it possible for categories with difficulties in proving damage, such as washerwomen, artisans, sand harvesters, cart drivers, mineral extractors, subsistence and informal fishermen, among others, to be compensated. The system also indemnifies Water Damage and formal categories such as professional fishermen, boat owners and companies such as hotels, inns and restaurants.