Company under judicial reorganization can reduce debt by 90%
In an interview with Valor Econômico, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on the Supreme Court’s decision allowing a discount for creditors who don’t provide bank details. The Superior Court of Justice granted a packaging manufacturer from Cotia (SP), in its judicial reorganization plan, a discount of 90% of […]
STJ decides that credit not qualified in RJ is subject to monetary restatement limit:
The 3rd Panel of the Superior Court of Justice, in a recent decision[1], held that although creditor qualification in judicial reorganization is not mandatory, unqualified claims are subject to a monetary restatement limit. The new jurisprudential understanding of Art. 9, item II of the Judicial Reorganization and Bankruptcy Law (Law No. 11.101/2005) stipulates that creditors’ […]
São Paulo federal court limits third-party contributions to a ceiling of 20 minimum wages
The judge of the 1st Federal Court of São Bernardo do Campo granted a preliminary injunction to limit contributions owed to third parties, such as those to SISTEMA S, INCRA and salário-educação, to the ceiling of 20 minimum wages. The discussion on the limitation of contributions to third parties is not new, so much so […]
The impacts of the amendment to the Truck Drivers’ Law in the labor sphere
In June, the justices of the Federal Supreme Court (STF) decided, by 8 votes to 3, to strike down provisions of Law 13.103/2015, popularly known as the “Driver’s Law”, which edited the Consolidation of Labor Laws (CLT) to regulate the profession of road haulage driver, defining rights, duties and working conditions. The law establishes guidelines […]
