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

Banks and shareholders: where is the leverage?

By Douglas Thomson

01 May 2020

Banks and shareholders: where is the leverage? shutterstock/565747306

Unlike in other jurisdictions, shareholders have historically played a powerful role in Brazilian restructurings, while a small band of the country’s banks have been able to sit outside negotiations, unwilling to accept haircuts. Are things going to change?