Is it bankruptcy’s turn?
Three years after the important reform of the Bankruptcy and Reorganization Law, the Federal Government intends to implement new changes to the corporate insolvency system, this time focusing on bankruptcy. This likely update should generate interesting opportunities for the stressed asset market. According to data from Serasa Experian, based on the 12 months to November […]
Judicial reorganization: crop failure causes claims to skyrocket in 2023
Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency department, was interviewed live on Canal Rural’s Mercado & Cia program, where he discussed the crop failure and the increase in requests for judicial recovery by rural producers. During the conversation with journalist Pryscilla Paiva, Leonardo explained, among other things, how the judicial recovery process […]
After an increase in bankruptcies and judicial reorganizations, bill aims to speed up proceedings
2023 was the year with the 4th highest rate of requests for judicial recoveries in the history of Serasa Experian (which began in 2005) and the highest figure since the beginning of the pandemic. Bankruptcy filings also rose in the period. As both processes take a long time to be resolved in Brazil, the Ministry […]
With Gol in receivership, what happens to passengers? Is there a risk of no flight?
In an interview with Uol journalist Alexandre Saconi, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on Gol’s judicial reorganization process. With the announcement of its adherence to Chapter 11 in the United States, many questions have been raised, including why the company chose to file outside of Brazil. According to […]
What should be Gol’s next steps in judicial reorganization in the US?
In an interview with InfoMoney journalist Iuri Santos, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on the next steps for Gol, which is undergoing judicial reorganization in the US. Gol has filed for judicial reorganization in the US and now depends on the approval of the US$950 million financing through […]
Court accepts receivership of Starbucks and Subway operator in the country
In an interview with journalist Sérgio Ripardo, from Bloomberg Línea Brasil, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency area, commented on the decision by the judge of the 1st Bankruptcy and Judicial Recovery Court of São Paulo to accept the request for judicial recovery of the holding company SouthRock Capital. In the […]
In judicial reorganization, Bullguer has a plan to get out of the R$113 million crisis. Will it work?
In an interview with Exame journalist Daniel Giussani, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency department, commented on Bullguer’s restructuring plan to get out of the crisis. The company, which went into judicial reorganization just over a year ago, had its reorganization plan approved by its creditors in order to recover from […]
Starbucks: termination of use of the brand by the parent company prompted request for reorganization
In an interview with Bloomberg Línea Brasil, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on the request for judicial reorganization by SouthRock Capital, the company that represents Starbucks in Brazil. On October 13, Starbucks notified SouthRock Capital of the immediate termination of the contracts. And, according to the expert, the […]
Maxmilhas files for judicial reorganization and blames the crisis on 123milhas, its owner
In an interview with Bloomberg Línea Brasil, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency department, commented on the request for judicial reorganization by Maxmilhas, which was acquired in January by 123milhas. With a debt of R$226 million, Maxmilhas wants to stop paying creditors and suppliers for a while, but intends to maintain […]
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 […]
