Since 2005, when the Bankruptcy Law was approved, the Brazilian market has been experiencing a continuous evolution of the operational aspects resulting from the restructuring or recovery processes of companies.
The crisis that has affected the Brazilian economy in recent years has considerably increased the number of companies that have had to restructure their debt, either by extending maturities, adding new collateral and sharing them or by means of a recovery plan.
Em dezembro de 2017, o Fórum João Mendes Júnior, na capital do Estado de São Paulo, inaugurou três novas varas, quais sejam: 1ª e 2ª Varas Empresariais e de Conflitos Relacionados à Arbitragem e a 3ª Vara de Falências e Recuperações Judiciais.
As novas varas especializadas terão competência para julgar ações que envolvam assuntos relacionados à propriedade industrial, concorrência desleal e franquia, as quais antes eram distribuídas para diferentes juízos da Capital.
Last 06 November 06, the Fourth Chamber of the Superior Court of Justice, in the judgement of the special appeal n° 1,733,685/SP, brought by Volkswagen Brazil's Automotive Industry Ltda. against Matalzul Industry and Commerce Ltda., understood that, even if there is an arbitration agreement between the parties, the bankruptcy filing based on default of credit title (in this case, duplicates under protest) does not need previous establishment of arbitration court.
Introduction
Introduction
Rio de Janeiro-based Oi SA, Brazil’s fourth-largest telecom company, filed on Monday 20 June 2016 the largest judicial reorganisation petition in Brazil’s history, days after debt restructuring talks with creditors collapsed. The filing of Oi and six subsidiaries lists 65.4 billion reais ($19.26 billion) in debt. The company also filed for Chapter 15 protection in the U.S. on Tuesday.
On 20 June 2016, Rio de Janeiro-based Oi SA, Brazil’s fourth-largest telecom company, filed the largest judicial reorganisation petition in Brazil’s history, days after debt restructuring talks with creditors collapsed. The filing of Oi and six subsidiaries lists 65.4 billion reais (USD19.26 billion) in debt. The company has also filed for Chapter 15 protection in the U.S. As from the date of filing the accrual of interests, penalties, monetary correction and late charges are suspended and will only become enforceable if the judicial reorganisation becomes a bankruptcy.
El 20 de junio de 2016 Oi SA, la cuarta empresa brasileña de telecomunicaciones, con sede en Río de Janeiro, presentó la solicitud de reorganización judicial más grande en la historia de Brasil, tras el colapso de negociaciones con acreedores para reestructurar deuda. La solicitud de Oi y sus seis subsidiarias comprenden en total una deuda de 65.4 billones de reales (USD19.26 billones). La empresa también solicitó la protección Chapter 15 en los EE.UU.
Com a derrocada da situação econômica nos dois últimos anos, o país está vivenciando uma onda sem precedentes de recuperações judiciais, tendo ganhado destaque os pedidos feitos por grandes companhias, as quais figuram como tomadoras de apólices de seguro garantia apresentadas no âmbito de processos judiciais em que são partes.