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 […]
123 Milhas asks for judicial protection with debt estimated at R$2 billion
In an interview with Valor Econômico, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on the online travel and points trading agency 123 Milhas and its request for judicial reorganization. 123 Milhas has suspended the exchange of vouchers that were offered to customers as reimbursement for the suspension of packages and […]
Miles market raises alarm bells for consumers
In an interview with Correio Braziliense, Leonardo Ribeiro Dias, head of our litigation, arbitration and insolvency practice, commented on the online travel and points trading agency 123 Milhas and the possibility of it going into receivership. 123 Milhas suspended packages and the issuing of tickets for its promotional line and took consumers by surprise, rekindling […]
