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 same decision, the judge approved the company’s withdrawal from including the Eataly brand in the process. According to Leonardo Dias, this point is very likely to generate discussions on the part of creditors who only serve one of the group’s companies.
“One curiosity lies in the fact that, with Eataly excluded, RJ will be processed in a substantial consolidation, so that the companies that remain in the process will be treated as one, will present a unitary plan that will have a single collective resolution by all the creditors of the companies in RJ,” noted Leonardo.
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