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 the credit from the total amount to be paid to its creditors. This measure is valid for creditors who do not pass on their bank details within one year.
According to Leonardo Dias, if the case law is settled in the sense of the monocratic decision, or other court precedents authorize the use of this discount clause, this type of measure could become more widely used.
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