NEW YORK: Brazil’s bankruptcy law must evolve as restructuring cases skyrocket
Joel Bastos and Marina Schnieder
Legal uncertainty, corruption investigations and an undiversified financial system continue to affect clients’ confidence in Brazil’s 10-year-old bankruptcy laws, but a growing body of jurisprudence is gradually ironing out some of the kinks in the restructuring process, agreed lawyers at the Latin Lawyer - GRR Restructuring Summit in New York last month.
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