National Congress rejects 12 of the 14 vetoes imposed by the President of theRepublic on the Amended Brazilian Bankruptcy Code

On March 17, 2021, the National Congress rejected 12 of the 14 vetoes by President Jair Bolsonaro (veto nº 57/2020) on Law nº 14,112/2020, which amended the Brazilian Bankruptcy Code (Law nº 11,101/2005 - “LREF”).

Filed under:
Brazil, Insolvency & Restructuring, Litigation, Mayer Brown, Force majeure
Authors:
Luciana Celidonio , Pedro Humbert
Location:
Brazil
Firm:
Mayer Brown
Bankruptcy law reforms in Brazil introduce new DIP financing provisions

Introduction

In January 2021, Law 14.112/20 introduced a new section into the Brazilian Bankruptcy Law (the "BBL") regulating financing for companies which are the subject of a court-supervised reorganisation.

Filed under:
Brazil, Insolvency & Restructuring, Litigation, Mayer Brown, Bankruptcy
Authors:
Luciana Celidonio
Location:
Brazil
Firm:
Mayer Brown