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 interview with BPMoney, Leonardo Ribeiro Dias, head of our Litigation, Arbitration and Insolvency department, pointed out that the market had already been monitoring the group’s financial difficulties.
And he felt that the strategy of filing for out-of-court reorganization was appropriate for the situation.
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