Regional news: Brazil

Brazil’s Petroserv secures English scheme sanction

Brazilian oil drilling group Petroserv Marine has secured sanction of its English scheme of arrangement, after settling a notes dispute with a company owned by its founders.

23 June 2022

Samarco creditors reject third restructuring plan, will file their own

Creditors of Brazilian miner Samarco Mineração have rejected a third restructuring plan that the company submitted before a court in Belo Horizonte earlier this year – and will now file their own “historic” alternative.

21 April 2022

Lefosse recruits from E Munhoz in Brazil

Brazil’s Lefosse has boosted its restructuring department by hiring a partner from local boutique E Munhoz Advogados.

18 March 2022

Third time lucky? Samarco submits amended plan

Creditors of Brazilian miner Samarco Mineração are considering a third amended plan that the beleaguered company submitted before a court in Belo Horizonte last week, with a vote now postponed until April – but they say the differences compared to its previous plan are “minimal”.

14 March 2022

Brazilian miner submits revised plan, protocol revealed

Samarco Mineração, the Brazilian miner beleaguered by a fatal dam collapse in 2015, has submitted a new restructuring plan to creditors as it emerged the Brazilian court overseeing its reorganisation agreed to a cooperation protocol with a US court late last year.

28 February 2022

Exit financing helps Brazil's Moreno complete judicial reorganisation

Felsberg Advogados has helped Brazilian sugar-ethanol company Grupo Moreno implement a judicial recovery plan and pay off a debt pile of 1 billion reais, with one of the first exit financings in Brazil.

28 January 2022

Trustee of Brazilian meat group seeks US help in liquidation efforts

The bankruptcy trustee of a Brazilian meat producer caught up in a widespread fraud has applied for recognition in New York to allow him to find and liquidate assets in the US – after he failed to find any cash in Brazil.

06 January 2022

BMA hires from Tauil & Chequer

Brazil's BMA - Barbosa, Müssnich, Aragão has bolstered its restructuring and insolvency group with a partner from Mayer Brown’s associated firm Tauil & Chequer Advogados.

04 November 2021

Prosafe schemes sanctioned in Singapore

Norwegian vessel operator Prosafe has won court approval for its two schemes of arrangement in Singapore, freeing up the road ahead for the group to progress a Norwegian restructuring process it launched last month.

19 October 2021

Oslo-listed Prosafe seeks moratorium extension in Singapore

Norwegian vessel operator Prosafe has applied to extend its Singaporean moratorium while its scheme proceedings rumble on.

26 August 2021

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