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Latin America
Insolvency/Bankruptcy
Bolivia
TMF Group
Bolivia sancionó una nueva ley que afecta a todas las compañías privadas que operan en el país.
Brazil
Koury Lopes Advogados
No dia 17 de junho de 2019, a holding controladora da Odebrecht apresentou à Justiça Estadual de São Paulo o já esperado pedido de recuperação judicial de todas as empresas
Tauil & Chequer
In a decision published on August 8, 2018, the 1st Panel of the Superior Court of Justice (STJ) unanimously recognized the right of a company under judicial reorganization to participate in a bidding
TozziniFreire Advogados
Em 09/05/2018, a Presidência da República encaminhou ao Congresso Nacional o projeto de alteração (PL) da Lei nº 11.101, de 09 de fevereiro de 2005 (LFR), e a Lei nº 10.522, de 19 de julho de 2002, ...
Veirano e Advogados Associados
Resumo: O artigo 49 da Lei 11.101/05 estabelece que se sujeitam à recuperação judicial todos os créditos existentes na data do pedido ...
TMF Group
If you compare practices adopted in more mature markets – such as the US – to the ones adopted locally, judicial recovery in Brazil is still a very slow process.
De Luca, Derenusson, Schuttoff e Azevedo Advogados
Brazil's Superior Court of Justice has said it won't recognise the liquidation of British Virgin Islands company Gutmen Investment Corporation, citing risks to the judicial recovery of the company's...
Cascione, Pulino, Boulos & Santos Advogados
O recurso crescente a recuperações judiciais no Brasil tem chamado a atenção para o fenômeno denominado de consolidação substancial.
Candido Martins Advogados
In such cases, the shareholders may be held personally liable for the debts of the company.
TMF Group
Since 2005, when the Bankruptcy Act was approved, the Brazilian market has been experiencing a continuous evolution of the operational aspects resulting from the debt restructuring or recovery processes.
Levy & Salomao Advogados
Fifteen years after the current Brazilian Civil Code was enacted doubts remain regarding the fiduciary property mechanism.
Chile
Carey
On the reorganization and liquidation of companies and individuals, enacted in Chile in 2014, regulates different insolvency proceedings applicable to companies with financial difficulties, allowing the restructuration of their assets and liabilities or their liquidation (bankruptcy).
Colombia
Alviar Gonzalez & Tolosa Abogados
Imagine que su grande, mediana o pequeña empresa está pasando por un problema económico y le debe a sus acreedores más de lo que le puede pagar.
Dominican Republic
Guzman Ariza Attorneys At Law
Summary: Law 141-15 pertains to restructuring and liquidation of companies and commercial persons places the Dominican Republic among the countries with the most advanced and modern legislation in the matter.
Guzman Ariza Attorneys At Law
Prior outdated bankruptcy laws in effect before Law 141-15 did not allow for the restructuring of companies in distress and merely gave way for business asset liquidations.
Mexico
Rodríguez Dávalos Abogados
Markets and financial distress do not respect national borders.
Panama
Morgan & Morgan
Estos son la Reorganización y la Liquidación.
Morgan & Morgan
This Reorganization Plan is significant in that it serves to initiate the proceeding itself.
Puerto Rico
Kane Russell Coleman Logan
On September 27, 2019, three years after Congress passed PROMESA and two years after the most severe Hurricane in more than 100 years devastated Puerto Rico
Foley & Lardner
Manufacturers encounter financing statements in many contexts – as a borrower, as a supplier of goods sold on credit ...
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