Analysis, decisions and updates

Restructuring and Insolvency.

This section brings together the firm’s work on debt restructuring and insolvency. We publish case analysis, commentary on decisions and notes on legislative and regulatory developments in court reorganization, out-of-court reorganization, bankruptcy, debtor financing and distressed asset transactions. The purpose is to offer companies, shareholders, creditors, investors and financiers technical information that is useful for decisions usually taken under time pressure.

Featured · Aug 2026

Casas Bahia in two acts: from out-of-court to court-supervised reorganization and the place of new money

The group went through both procedures of Brazilian Law 11,101/2005 in just over two years. What the first act lacked, the second pursues: new liquidity under the Section IV-A regime.

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Topics we follow

Court reorganization

Planning and filing, conduct of the proceeding, plan, creditors’ meeting and performance.

Out-of-court reorganization

Negotiation with financial creditors, standstill, reprofiling and plan confirmation.

DIP financing

Structuring new money under Section IV-A, security, priorities and financier protections.

Bankruptcy

Petitions and defences, claim filing, asset realization and liability actions.

Special situations

Acquisition of distressed claims and assets, hybrid instruments and debt conversion.

Distressed M&A

Isolated productive units, stalking horse, competitive processes and diligence in crisis.

Need to assess a distressed situation?

We work on diagnosing the crisis, designing the restructuring strategy and implementing it, in and out of court, for debtors, creditors and investors.

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