Casa do Pão de Queijo: how the coffee and snack chain went into receivership
With a debt of over R$110 million, Casa do Pão de Queijo recently filed for judicial reorganization. The search for judicial protection has included appeals to energy utility companies not to cut off the supply, as well as to landlords not to terminate rent contracts in arrears. In an article published by Bloomberg Línea, Leonardo […]
Odebrecht, Americanas and others: understand the reasons for the recurrent requests for judicial reorganization in Brazil
According to data from Serasa, in 2023, the number of requests for judicial reorganization in Brazil rose by 68.7%, with 1,405 companies resorting to the resource. In 2024, from January to May, 837 requests have already been made. In an article published by Terra, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency area, […]
Odebrecht files for judicial reorganization with debts of 4.6 billion dollars
Odebrecht’s request for judicial reorganization has been accepted by the courts. The company has debts totaling 4.6 billion dollars. In an interview with Rádio Nova Brasil FM, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency practice, said that the expectation is that the group will be able to restructure its debts and obtain […]
Leonardo Ribeiro Dias
With mass indebtedness, requests for judicial recovery are on the rise
The number of requests for judicial reorganization in Brazil increased by 80% in the first four months of the year. Bankruptcy filings are also on the rise. According to Serasa, 90 were registered in April, an increase of 69.8% compared to the same month last year. A proposal to reform the Bankruptcy Law is currently […]
Polishop’s judicial reorganization
Polishop went into judicial reorganization with a declared debt of R$395 million and a loss of more than R$155 million in 2023. One of the demands expressed in the petition was to keep the partners’ private assets secret. In an interview with Bloomberg Línea, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency practice, […]
Casas Bahia (BHIA3) has a ‘smart’ and ‘persuasive’ strategy
Casas Bahia’s out-of-court reorganization, announced at the end of April, stirred up the market, with investors taking a positive view of the context. The news was read as a “smart” and “persuasive” strategy coming from a company that belongs to one of the most complex sectors of the Brazilian economy, which is retail. In an […]
Challenges and prospects for rural producers: a significant increase in requests for judicial recovery
What factors can lead rural producers to file for judicial reorganization? According to Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency department, external factors such as El Niño have caused damage to crops in terms of productivity, as well as generating variations in commodity prices and selectivity in the availability of credit. However, […]
Dia announces judicial reorganization: what will happen to the company in Brazil?
What will happen to the Dia supermarket chain following the announcement that it has filed for judicial reorganization? The decision comes after the chain announced the closure of 343 supermarkets and three distribution centers in the country. The expected turnover for 2024 should be 2.5 billion, a considerable reduction compared to the R$3.9 billion of […]
Is it bankruptcy’s turn?
The article “Is it bankruptcy’s turn?”, written by Leonardo Ribeiro Dias and João Máximo Rodrigues, from our litigation, arbitration and insolvency practice, is featured in Estadão. Three years after the reform of the Reorganization and Bankruptcy Law, the Federal Government intends to implement new changes to the corporate insolvency system, this time focusing on bankruptcy. […]
