Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Odebrecht creditors can seize shares after injunction overturned

By Dominic Lawson

12 July 2019

Odebrecht creditors can seize shares after injunction overturned Odebrecht's company office in Salvador, Brazil / iStock.com/Joa_Souza

A São Paulo appellate judge has allowed creditors of Brazilian construction company Odebrecht to seize shares in what the company describes as its main asset, despite agreeing the shares were essential to its restructuring.