The article “Is it bankruptcy’s turn?”, written by Leonardo Ribeiro Dias and João Máximo Rodrigues, from our litigation, arbitration and insolvency practice, is featured in Estadão.
Three years after the reform of the Reorganization and Bankruptcy Law, the Federal Government intends to implement new changes to the corporate insolvency system, this time focusing on bankruptcy.
Through Bill No. 3/2024, the Ministry of Finance has sent a set of changes to the National Congress with the aim of giving creditors a greater role in the bankruptcy process, with emphasis on the creation of the figures of the fiduciary manager and the bankruptcy plan.
Experts believe that the reform has the potential to halve the time taken to process bankruptcies and significantly increase the rate of credit recovery.
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