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Felsberg Advogados has carved out a leading position as a debtor-side restructuring practice, though its creditor-side work continues to increase. Name partner Thomas Benes Felsberg is ‘a reference in his area of practice’, with ‘decades of experience’. Among the team’s many recent highlights, it acted for Tonon Bioenergia in court-supervised reorganisation proceedings to restructure its $750m debt, with Felsberg working alongside Paulo Fernando Campana Filho and Pedro Henrique Torres Bianchi. The team is also active in distressed M&A transactions; recent mandates in this space include advising a water and sanitation company on the acquisition of distressed assets from companies in the construction and infrastructure sectors.

With a longstanding reputation in banking, financial markets and bankruptcy, Pinheiro Guimarães – Advogados is a key player in the market, enjoying solid relationships with major banks and financial institutions, which draw on the team’s expertise in debt refinancing and restructuring transactions. Ivie Moura Alves and the ‘very commercialEduardo Augusto Mattar represented the bank lenders and noteholders in connection with the judicial reorganisation of two companies in the food and agriculture business. In addition to its work for local and foreign banks, the team is also experienced in debtor-side mandates. Francisco José Pinheiro Guimarães is another key contact in São Paulo, with Plinio Pinheiro Guimarães Neto a leading figure in the Rio de Janeiro office.

The highly visible practice at Pinheiro Neto Advogados attracts a steady flow of instructions from creditors, bondholders and lenders in judicial and out-of-court reorganisation proceedings, debt enforcement matters and refinancings. Luiz Fernando Valente de Paiva assisted a syndicate of banks in negotiating the reorganisation of a mining company, and co-practice head Giuliano Colombo advised a diverse group of creditors on the restructuring of an agricultural company’s R$800m debt as part of an acquisition. 2015 also saw the team advise on numerous distressed M&A deals. André Moraes Marques was promoted to partner.

Bankruptcy law boutique Renato Mange Advogados Associados draws on a long history of debtor-side work. Under the leadership of well-known name partner Renato Luiz de Macedo Mange, the team represents clients across the pharmaceutical, chemical, aviation and construction sectors in judicial and extra-judicial reorganisations. The team is currently acting for GEP Indústria e Comércio in its restructuring.

Vastly experienced in high-value judicial reorganisations and debt restructurings, Demarest Advogados receives plaudits for its ability to operate under ‘extreme time pressure’, ‘working around the clock to meet deadlines’. Celso Xavier and António Manuel França Aires represented key client Deloitte as trustee in the R$2.3bn judicial restructuring of Eneva. Fabio de Almeida Braga is another active member of the team, with a particular niche in the automotive industry. Rafael Villar Gagliardi is also recommended.

Luis Gustavo Haddad heads the practice at Lilla, Huck, Otranto, Camargo Advogados, which is instructed by creditors, shareholders, investors and debtors; it services a client base of large Brazilian companies across diverse industries, with particular expertise in the agribusiness sector. A multi-disciplinary team which included Haddad and Bruno Robert advised the controlling shareholders of an automotive components supplier on the company’s judicial restructuring. Litigator Luiz Felipe Lopes is another key contact.

The ‘highly qualified and competent’ team at Machado Meyer Sendacz e Opice Advogados is a popular choice for financial institutions, and also services a broader client base of distressed companies, potential investors and other parties including fiduciary agents and trustees. Renato Gomes Ribeiro Maggio acted for the creditors in the debt restructuring of a company in the sugar and alcohol sector. The ‘smart’ and ‘dedicated’ Renata Martins de Oliveira is recommended.

The multi-disciplinary team at Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados comprises ‘very good lawyers in different areas’ who ‘work very well together’; this integrated approach allows the department to handle ‘complex assignments which require business acumen across all areas including corporate law, bankruptcy law, anti-trust, labour and tax’. Marina Anselmo Schneider and Marcelo Sampaio Góes Ricupero are recommended. Eduardo Secchi Munhoz left in 2015 to establish E. Munhoz Advogados.

Sergio Bermudes Advogados enjoys a solid reputation in litigation, and has a strong track record in judicial reorganisation and judicial recovery procedures, where it is instructed by debtors, creditors and investors. Sergio Bermudes is a well-known name; other key figures in the department include Marcelo Lamego Carpenter and Marcio Vieira Souto Costa Ferreira.

TozziniFreire Advogados has a broad restructuring and insolvency practice, with recent highlights including several creditor-side mandates in judicial reorganisation proceedings. The team also advises investors looking to acquire assets of companies under judicial reorganisation. Flávia Cristina Moreira de Campos Andrade and Luciana Faria Nogueira, who made partner in 2016, are key contacts. Fábio Rosas left for Souza, Cescon, Barrieu & Flesch Advogados.

2015 saw the multi-disciplinary team at Veirano Advogados handle numerous out-of-court restructurings, and it was also active in judicial recovery proceedings. The team is representing Siemens as a supplier of Abengoa, in the context of the latter’s filing for judicial reorganisation in Brazil. Litigator Luiz Guilherme Migliora leads the team in Rio de Janeiro. In São Paulo, senior associate Eduardo Guimarães Wanderley is another key member of the practice, regularly taking lead roles on large cases.

BMA – Barbosa, Müssnich, Aragão is active in judicial and out-of-court restructurings, where it has experience representing creditors, investors and distressed companies. Felipe Evaristo dos Santos Galea and Thomaz Luiz Sant’ Ana are acting for the major quotaholder of a bankrupt company in complex litigation to protect the former’s assets. Since the conclusion of research, the practice has hired Sergio Savi from Castro, Barros, Sobral, Gomes Advogados.

Praised for its ‘creativity’ and ‘availability’ and noted as ‘excellent value for money’, Castro, Barros, Sobral, Gomes Advogados is equally experienced on the creditor and the debtor sides. ‘Excellent negotiator and litigator’ Sergio Savi is noted for his ‘international experience’. The team recently assisited Banco Itaú, as creditor, in numerous judicial reorganisations. Since the conclusion of research, Savi has joined BMA – Barbosa, Müssnich, Aragão.

Dias Carneiro, Arystóbulo, Flores, Sanches e Thomaz Bastos Advogados had another outstanding year in 2015, representing debtors in high-profile restructuring proceedings. In a headline case, the team represented OAS in its judicial reorganisation. Joel Luís Thomaz Bastos’ team was bolstered by the arrival of Ivo Waisberg and Ricardo Pomeranc Matsumoto from Costa e Tavares Paes Sociedade de Advogados. Since publication, Thomaz Bastos, Waisberg, Pomeranc Matsumoto and Bruno Kurzweil de Oliveira have left to establish insolvency boutique Thomaz Bastos, Waisberg, Kurzweil Advogados.

Driven and committed’, the sizeable team at Galdino, Coelho, Mendes Advogados receives instructions from debtors, shareholders and creditors, with its most significant mandates on the debtor side; recent highlights include acting for Banco Cruzeiro do Sul in its high-profile liquidation. Flavio Galdino is ‘widely known and recognised for his knowledge of bankruptcy and insolvency law’.

Lefosse Advogados is known for its track record in creditor-side mandates, while other recent instructions include representing Deloitte as trustee in the judicial reorganisation of Renuka Group. Raphael Nehin Corrêa heads the multi-disciplinary practice, which was bolstered by the arrival from Veirano Advogados of litigators Pedro Soares Maciel and Carlo Verona. Since publication the team has been strengthened further with the hire of Roberto Zarour, who joins from an in-house position as head of Banco Itaú BBA’s restructuring and debt recovery legal area.

High-quality’ firm RZ Advogados services a large client base of local and multinational financial institutions, which turn to it for assistance in relation to debt renegotiations and bankruptcy proceedings. Practice head Fábio Pascual Zuanon and Guilherme Oliveira Afonso are recommended.

Soares Bumachar Chagas Barros Advogados maintains an active restructuring practice, attracting instructions from debtors, creditors and other parties in contentious and out-of-court proceedings. Noted practice head Laura Mendes Bumachar is ‘innovative, intelligent and objective’, and is currently representing a major supplier in complex judicial recovery proceedings.

Leveraging the wider firm’s relationships with financial institutions, Souza, Cescon, Barrieu & Flesch Advogados attracts instructions from creditors in judicial and extra-judicial restructuring proceedings, and also maintains a significant debtor-side practice. 2015 also saw the team act for a number of potential investors in distressed M&A transactions. Litigators Tiago Schreiner Lopes, Carlos David Albuquerque Braga and Gabriel Seijo Leal de Figueiredo head the practice. Fábio Rosas joined from TozziniFreire Advogados in 2016.

The already sizeable team at Stocche Forbes was further bolstered by the arrival of Luis Guilherme Aidar Bondioli in 2015. The diverse and ‘dedicated’ group of transactional and litigation specialists is noted for its ‘synergy’, and is instructed by financial institutions, investors and companies. Domingos Fernando Refinetti and Paulo Padis successfully represented a syndicate of banks in the enforcement of collateral against an overseas asset in the context of a complex restructuring.

Known for its broad international expertise, Tauil & Chequer Advogados in association with Mayer Brown is a popular choice for multinational financial institutions in judicial reorganisations, and has recently represented Deloitte as bankruptcy trustee in several cases. Litigation specialists Leonardo Morato and Luciana Celidonio have notable track records in this space. Adriana Dias left the firm in 2015.

DDSA – De Luca, Derenusson, Schuttoff e Azevedo Advogados attracts a steady flow of instructions from bankruptcy trustees, creditors and debtors. Distressed M&A also features; the team is currently advising a company in the sugar and alcohol sector on the acquisition of certain assets out of bankruptcy. Luis Augusto Roux Azevedo and Fernando Gomes dos Reis Lobo are recommended.

Praised for its ‘creativity’ and ‘easy interaction with in-house legal departments’, Leite, Tosto e Barros Advogados Associados’ bankruptcy practice sits within the firm’s broader dispute resolution department, and represents both creditors and debtors. Rodrigo Quadrante and Flávio Maldonado are recommended.

Transactional and litigation lawyers across Lobo & Ibeas’ São Paulo and Rio de Janeiro offices handle bankruptcy proceedings. Luiz Eugênio Araújo Müller Filho is a key contact.

Specialist bankruptcy and restructuring firm Mandel Advocacia draws on 30 years of experience in the market to represent distressed companies and their shareholders in bankruptcy proceedings. José Fernando Mandel and Julio Kahan Mandel are the names to note.

Souto Correa Cesa Lummertz & Amaral Advogadosunderstands the client’s needs, the business perspective and the sense of urgency’. It services a broad client base of local and international companies which provide a steady flow of instructions in restructuring and credit recovery proceedings. Gilberto Deon Corrêa Júnior recently represented a client in the agricultural sector in its extra-judicial liquidation process.

Corporate lawyers André de Almeida and Natalie Yoshida are the names to note at Almeida Advogados, which assists debtors and creditors in reorganisations, and investors in the acquisition of distressed assets.

Noted aviation firm Bernardi & Schnapp Advogados has experience representing banks and suppliers in judicial and extra-judicial reorganisations and credit recovery proceedings. Bruno Delgado Chiaradia heads the practice.

Costa e Tavares Paes Sociedade de Advogados has a noted history in insolvency work, and handles judicial and out-of-court restructurings. Litigator Carolina Xavier da Silveira Moreira made partner in 2015.

The two-partner team at MHM Advogados comprises corporate expert Antonio Carlos Mazzuco and Luiz Antonio Varela Donelli, who was promoted in 2015. The pair recently advised a media company on the acquisition of assets from a company in a judicial reorganisation.

2015 saw the team at Pedro Miguel Law represent distressed companies and major suppliers in judicial and extra-judicial recovery proceedings. Transactional specialist Heitor Miguel leads the team.

Litigation expert Luciano de Souza Godoy heads the practice at Perlman Vidigal Godoy Advogados, which has built up a solid creditor-side practice, and also acts for potential investors in distressed M&A transactions; financial institutions account for the bulk of its recent instructions, with highlights including the representation of a major bank in enforcement actions.

The bankruptcy team at Siqueira Castro Advogados services a broad client base in credit recovery matters, debt renegotiations and company restructurings. Alexandre de Souza Gontijo left the firm in 2015; Carlos Fernando Siqueira Castro and Fábio Coutinho Kurtz now handle the firm’s restructuring mandates.

Trench, Rossi e Watanabe Advogados, associated with Baker & McKenzie draws on specialists in its dispute resolution and banking and finance departments to handle bankruptcy matters. Gledson Campos and of counsel Silvana Benincasa de Campos represented a creditor in the bankruptcy proceedings of a textiles company.

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