Boutique firm E. Munhoz Advogados is ‘at the forefront of the main restructuring negotiations in the domestic market’. The firm primarily acts for debtors, which benefit from the team’s ‘outstanding performance and excellence in matters of commercial litigation, arbitration, and restructuring and insolvency cases’. The firm can regularly be found advising on the largest cases to hit the market, including related debt financings and distressed M&A. Founding partner Eduardo Secchi Munhoz is considered ‘one of the most prepared lawyers in this sector’, and is backed by a highly regarded team of partners and associates. Among the partners, Carolina Machado Letizio Vieira ‘has in-depth knowledge of matters of a civil, contractual, litigation and bankruptcy nature, working in highly complex negotiations that sometimes involve all these topics’. Clients also single out associate Ana Elisa Laquimia, ‘an exceptional lawyer’ with ‘a very promising future’.
Restructuring and insolvency in Brazil
E. Munhoz Advogados
Eduardo Secchi Munhoz; Carolina Machado Letizio Vieira
‘They are super assertive and objective in problem solving. They demonstrate a lot of knowledge in what they are doing and convey a lot of confidence. Ana Elisa is a great lawyer and leads her team very well.’
‘Ana Elisa is a brilliant and extremely intelligent lawyer who has a very promising future.’
‘E. Munhoz has outstanding performance and excellence in matters of commercial litigation in general, arbitration and operations and restructuring and insolvency cases. In particular, partner Carolina Vieira and associate Ana Elisa Laquímia have in-depth knowledge and expertise in such highly complex issues and cases.’
‘Eduardo Munhoz is one of the most prepared lawyers in this sector. Carolina Vieira has in-depth knowledge of matters of a civil, contractual, litigation and recovery and bankruptcy nature, working in highly complex negotiations that sometimes involve all these topics. Ana Elisa Laquímia is an associate on the rise, often assuming the role of partner in complex discussions.’
‘E. Munhoz is at the forefront of the main restructuring negotiations in the domestic market, which usually also involve foreign actors. Dedication, dexterity and deep legal knowledge mark the team.’
‘Ana Elisa Laquimia is an exceptional lawyer: insightful, with accurate legal analysis and capable of overcoming the inevitable challenges posed by negotiations and restructuring processes.’
‘They are the market leaders to act in complex cases in the debtor’s mandate.’
‘Ana Elisa Laquimia stands out. Although very young, she is an excellent professional.’
Novonor (formerly Odebrecht)
Metha (formerly OAS)
Ocyan (formerly Odebrecht Óleo e Gás)
Estaleiro Atlântico Sul
- Assisting Novonor (formerly Odebrecht), and several non-operating subsidiaries, on its judicial restructuring proceeding.
- Assisting PDG Realty Empreendimentos e Participações on its R$6.2bn judicial restructuring and subsequent renegotiations.
- Advising the Metha Group on its R$9bn judicial reorganisation, which concluded in late 2021.
Felsberg Advogados has one of the most active restructuring and insolvency practices in the Brazilian market. The firm is best known for its debtor-side work, although it also acts for creditors and distressed debt investors when conflicts allow. 2021 saw the firm advising on over 80 cases, with an aggregate value of over R$50bn, several of which, including Renova Energia’s R$3.1bn debt restructuring and Livraria Cultura’s judicial reorganisation, have been ongoing for several years. New mandates include advising the creditor in the reorganisation proceedings of a sugar and ethanol producer, which includes significant litigation. Founding partner Thomas Felsberg is one of the market’s most senior figures. He regularly works alongside partners Fabiana Solano, Clara Moreira Azzoni and the recently promoted Thiago Dias Costa.
Thomas Felsberg; Fabiana Solano; Clara Moreira Azzoni
Debenture holders of Rodovias do Tietê
Isolux Corsan Corvian
Fundo de Investimento em Direitos Creditórios Não-Padronizados Alternative Assets I
- Advising Renova Energia on its judicial recovery and debt restructuring process.
- Advising Brazilian sugar and ethanol producer Grupo Moreno on its judicial recovery.
- Advised Brazilian bookstore chain Livraria Cultura in negotiations with creditors and the organisation of its restructuring plan.
Machado Meyer Sendacz e Opice Advogados
Machado Meyer Sendacz e Opice Advogados stands out for its ‘great combination of transactional and litigation lawyers’, who help the team ‘deliver excellent quality work in complex areas such as investments in distressed assets, restructuring with contentious aspects, and highly contentious judicial recoveries’. The firm’s familiarity with complex deals allows it to provide ‘out of the box solutions without ever compromising safety and accountability’. The practice is especially experienced on the creditor side, regularly representing banks and bondholders on restructurings, DIP financings and pre-packaging. The versatile Renato Gomes Ribeiro Maggio has a particular focus on the transactional side, but ‘handles litigation matters well, especially in the area of investments in distressed assets’. Litigation partner Renata Martins de Oliveira is an ‘excellent lawyer and extremely technical’. Adriano Schnur is also highly regarded.
Renato Maggio; Renata Martins de Oliveira
‘All the professionals who work in the area of Judicial Recovery and Business are very qualified, attentive and responsible.’
‘The insolvency team participates in the main judicial recoveries, so it always has super updated knowledge of what is happening and trends.’
‘The individuals stand out for their empathy and willingness to cooperate with other practices’ teams. I can mention Renata Oliveira, Andre Ericsson, Camilo Gomes and Gabriela Abdalla, for their legal knowledge and collaboration.’
‘Machado Meyer historically had a lot of presence and still has in the financial market, mainly banking. I consider the great combination of transactional and litigation lawyers to be a strength of the restructuring area. With this, the team is able to deliver excellent quality work in complex areas such as investments in distressed assets, restructuring with contentious aspects and highly contentious judicial recoveries.’
‘Renato Maggio – experienced partner with strong transactional skills. Despite his corporate background, he handles litigation matters well, especially in the area of investments in distressed assets. Camilo Gerosa Gomes – young partner with impeccable technical quality. Extremely attentive to the details of the case and with deep knowledge and experience in highly complex transactions, notably extrajudicial restructurings. Renata Oliveira – focused on credit and insolvency litigation. Excellent lawyer and extremely technical and combative.’
‘Adriano Schnur: stands out for the good relationship he develops with the client and the other parties and advisors involved in the operation. In addition, he always seeks to present creative alternatives in order to accommodate the interest of those involved, in order to allow the conclusion of the operation. Camilo Gerosa: stands out for the serenity with which he handles negotiations, in addition to an excellent technical repertoire. Renata Oliveira: stands out for her availability and agility in resolving demands.’
‘Machado, Meyer, Sendacz e Opice Advogados is our first choice for highly complex financial transactions such as capital market transactions, M&A, debt restructuring, insolvency and legal disputes. This is done by a highly qualified, senior and hands-on team. In addition, lawyers (including partners) are extremely approachable and creative, bringing “out of the box” solutions without ever compromising safety and accountability.’
‘A highlight goes to Renata Oliveira and Camilo Gerosa Gomes. Both work very ethically and with extensive technical knowledge. In addition to having a much-needed aggregative approach to the area of restructuring and insolvency. Also noteworthy is Gabriela Abdalla, who stood out and handled several meetings and documents with several banks with a lot of maturity and technical knowledge.’
Banco BTG Pactual
Farallon Capital Management
Banco do Brasil
Banco Santander (Brasil)
Caisse de dépôt et placement du Québec
Ecorodovias Infraestrutura e Logística
- Advised Samarco Mineração, which is controlled by Vale and BHP, on its R$50bn judicial restructuring plan.
- Acted as counsel to Itaú Unibanco and Banco Bradesco as creditors in the judicial restructuring of Odebrecht Group.
- Advised Itaú Unibanco, Banco Santander (Brasil) and other supporting creditors in the pre-packaged reorganisation proceeding of Restoque Comércio e Confecções de Roupas.
Pinheiro Neto Advogados
The ‘excellent' multidisciplinary team at Pinheiro Neto Advogados brings ‘deep technical knowledge and extensive experience in the field’. The firm handles the full range of contentious and non-contentious issues, including DIP financings, judicial and extra-judicial reorganisations, and distressed sales and acquisitions, regularly representing creditors and investors in the country’s largest cases. The team also has notable experience acting on the debtor side in restructuring matters. Among the partners, Luiz Fernando Valente de Paiva is ‘extremely capable and experienced in insolvency proceedings; his name is well known in the industry, including with judges'. Giuliano Colombo is ‘an excellent lawyer and a great person who has probably the very best reputation of any Brazilian restructuring lawyer in the US market'. Thiago Braga Junqueira is noted for his ‘unique strategic vision' and ‘active participation in the process of building solutions'.
‘Deep technical knowledge and extensive experience in the field. Interdisciplinary team, able to advise in relevant related areas. Availability and commitment of professionals.’
‘In extremely complex Judicial Reorganization cases, whether in terms of the amount involved or in terms of legal theses, the firm proves to be extremely capable of dealing with this environment, and of passing on valuable credibility to the different stakeholders involved in the process.’
‘Giuliano Colombo: manages to translate very complex situations in a simple way, as well as transmits a lot of confidence and credibility in the process, which is essential for the negotiation inherent to a case of Judicial Reorganization. Luiz Paiva: extremely capable and experienced in insolvency proceedings, his name is well known in the industry, including with judges. He brings a lot of experience to the case, which is essential for highly complex cases.’
‘Thiago Braga Junqueira: Unique strategic vision; Professional capable of extrapolating the legal field to contribute to global risk analysis; Active participation in the process of building solutions.’
‘Pinheiro Neto is an excellent firm with a fantastic and well-deserved reputation. In the American market, they are probably the first call for investors and other sophisticated clients seeking advice on Brazilian restructuring and distressed investment matters of high importance.’
‘Giuliano Colombo is an excellent lawyer and a great person who has probably the very best reputation of any Brazilian restructuring lawyer in the US market. He has been recognized by the most prestigious US/international associations (e.g., the American College of Bankruptcy) and has an unparalleled reputation and trust among U.S. and international clients. Thiago Junqueira is a brilliant and hard-working younger partner.’
‘We have been working with the restructuring and insolvency area of Pinheiro Neto for some time. The participation of the team, especially Luiz Fernando Paiva, is essential to give us security about the risks and levers in a judicial recovery. Sophisticated discussions, full team involvement are high value differentiators.’
‘Luiz Fernando Paiva is always up-to-date in discussions about insolvency proceedings, participates in important committees in the market and manages to convey confidence and security in the opinions he gives to our decision-making. Fernanda Piva is an extremely competent and present professional, which makes a lot of difference for the shareholder, who is often not 100% involved in the conduct of the restructuring process itself.’
BHP Billiton Brasil
Credit Suisse International
CPFL Energias Renováveis
CBA – Companhia Brasileira de Alumínio
- Advised BHP Billiton as controlling shareholder in the judicial reorganisation of iron ore producer Samarco.
- Aadvised the Ad Hoc Group of Bondholders in the judicial reorganisation proceedings of Odebrecht and other affiliated entities.
- Advised EuroChem on the agreement to indirectly purchase a controlling 51.48% share in Fertilizantes Heringer, which is under judicial reorganisation.
Thomaz Bastos, Waisberg and Kurzweil Advogados
With a ‘highly qualified and senior team’, Thomaz Bastos, Waisberg and Kurzweil Advogados is ‘certainly an obvious choice when it comes to restructuring and insolvency’. The boutique firm is praised for its ‘competence, business and strategic vision’, particularly for debtor-side mandates, where the lawyers have experience in some of the largest and most complex cases to hit the market. The team also advises creditors and investors, and regularly assists with distressed M&A, DIP financings and cross-border restructurings. The firm’s lead partners include the versatile and extremely well-regarded practice heads Bruno Kurzweil de Oliveira, Joel Luís Thomaz Bastos and Ivo Waisberg, a ‘reference and leader for complex restructuring and insolvency cases’. Other names to note in the department include Adriana Maria Cruz Dias De Oliveira, Herbert Morgenstern Kugler and Gilberto Gornati.
Joel Luís Thomaz Bastos; Ivo Waisberg; Bruno Kurzweil de Oliveira
‘TWK is certainly an obvious choice when it comes to restructuring and insolvency. It has a highly qualified and senior team.’
‘Joel Luis Thomaz Bastos stands out for his oratory and intelligence.’
‘Ivo Waisberg is a remarkable lawyer and certainly one of the notable lawyers of the practice in Brazil.’
‘Competence, business and strategic vision, experience of its partners in the subject, make the difference at this firm.’
‘Ivo Waisberg is a reference and leader for complex restructuring and insolvency cases.’
Orizon Meio Ambiente
Proton Energy/Prisma Capital
Investimentos e Participações em Infraestrutura – Invepar
USJ – Açúcar e Álcool
Green Way I Fundo de Investimentos em Direitos Creditórios Não Padronizado
Golden Tree Asset Management
Saraiva e Siciliano
Agropecuária Nova Vida
Vista Alegre Group
Clealco – Açúcar e Álcool
Banco BTG Pactual
4Asset Fundo de Investimento
Oceanair Linhas Aéreas
- Represented Heber Participações and several affiliated entities in the group’s consolidated restructuring plan.
- Advising Oceanair Linhas Aéreas on its judicial liquidation procedure.
- Representing USJ – Açúcar e Álcool in its judicial restructuring, involving Chapter 15 proceedings in the US.
BMA - Barbosa, Müssnich, Aragão
The team at BMA - Barbosa, Müssnich, Aragão has ‘remarkable knowledge in the area’, and its multidisciplinary approach enables ‘solutions and analysis of the highest level’. The firm has extremely good credentials for judicial and extra-judicial proceedings, DIP financings and distressed M&A. High-profile debtor-led work has been a major theme for the practice in recent years, with the team taking significant roles in the debt restructurings of Oi and Cimento Tupi. The ‘vast knowledge’ of practice head Sérgio Savi ‘transmits security for the client and for the other stakeholders’. Eduardo Guimarães Wanderley is ‘extremely creative and with a very high analytical capacity’, while senior associate Natalia Yazbek is noted for her ‘pragmatism and assertiveness’. The team was further strengthened by the hire of partner Luciana Celidonio from Tauil & Chequer Advogados, who is also highly regarded.
‘Quality in the provision of services and concern to meet client demands.’
‘They have remarkable knowledge in the area, having participated in several other relevant cases in Brazil. Something that stands out is, because insolvency cases are also strongly related to other areas of law, BMA is also able to offer solutions and analysis of the highest level in matters related to the light of restructuring (e.g. tax impacts, corporate analysis).’
‘Eduardo Wanderley: extremely creative and with a very high analytical capacity. Very important qualities in highly complex projects. Natália Yazbek: her pragmatism and assertiveness are essential tools for a busy day in a long-term project. It’s certainly a raw talent that will only get better as time goes on. Luciana Celidônio: high combativeness and attention to detail are very welcome characteristics in a project whose litigiousness is very high. Sérgio Savi: transmits security for the client and for the other stakeholders involved in the project, but obviously this security is supported by vast knowledge in the matter.’
Jive Asset Gestão de Recursos
CCP Cerrado Empreendimentos Imobiliários
Sucden do Brasil
Sul América Capitalização
- Provided assistance to BHP Billiton and its subsidiary BHP Billiton Brasil in Samarco Mineração’s judicial reorganisation proceedings.
- Advising Cimento Tupi on its debt restructuring and judicial reorganisation.
- Acted for Oi on its debt restructuring, involving more than 55,000 creditors.
Demarest Advogados has a well-regarded multidisciplinary team of ‘extremely qualified professionals'. The practice handles a broad range of related issues, including litigation, distressed M&A, tax and debt restructurings. The department has a good track record in handling some of the country’s largest restructurings, including cross-border cases involving Chapter 11 and 15 filings in the US. Its clients include major debtors and creditors, with recent highlights for the firm including its key role representing LATAM Airlines in its high-profile Chapter 11 and DIP financing. The highly rated team is jointly led by insolvency litigator Guilherme Fontes Bechara and Celso Xavier.
Celso Xavier; Guilherme Bechara
‘Full service firm with extremely qualified professionals.’
‘Guilherme Bechara is qualified, solicitous and available.’
LATAM Airlines Group
Carlisle Fluid Technologies
Crecera Capital Management
Credit Agricole Corporate Investment Bank
- Representing LATAM Airlines Group, including the Brazilian entities TAM and TAM Linhas Aéreas, on its groundbreaking Chapter 11 proceedings.
- Representing LATAM in the Brazilian law matters of a debtor-in-possession financing (DIP financing) valued at $2.4bn and secured in the context of the Chapter 11 cases of LATAM Airlines.
- Advising Carlisle Fluid Technologies on the liquidation of its operations in Brazil, which will be conducted through a voluntary liquidation proceeding under the Brazilian Bankruptcy Law.
Lefosse Advogados is noted for the ‘high professional qualifications’ of its lawyers, who are ‘always willing to help’. The versatile practice serves a broad range of clients on contentious and non-contentious matters in the field of restructuring. The firm is especially strong on the banking side, backed by highly experienced transactional lawyers such as Renata Cardoso, but is also seeing an increasing amount of work from corporate debtors and creditors, as well as investment funds. Clients also rate practice head Roberto Zarour and disputes partner Raphael Nehin Corrêa, who together form an ‘unprecedented team’. The group was also boosted by the hire of the experienced Felipe Camara from E. Munhoz Advogados, and subsequent arrivals of Fábio Rosas and José Luis de Rosa from Cescon Barrieu, and Bernardo Carneiro from Chamon Santana Sociedade de Advogados in October 2022.
‘Lefosse Advogados has a differentiated restructuring and insolvency team, whose professionals have high professional qualifications and are always willing to help.’
‘Roberto Zarour Filho and Raphael Nehin Correa form an unprecedented team.’
Banco Santander (Brasil)
Cemig Geração e Transmissão
New Island Capital
- Representing Banco Santander (Brasil), one of the biggest creditors in the judicial reorganisation proceeding of Odebrecht Group.
- Advised Itaú Unibanco on the attempt filed by Oi to change its previously approved judicial recovery plan.
- Advising Banco Santander (Brasil) in enforcement proceedings against manganese ore producer Buritirama Mineração and its controlling shareholder.
Mange Advogados is an extremely well-regarded boutique with ‘a brilliant mix of senior lawyers with respect and access in the higher courts in Brazil’. The firm’s ‘great tradition and excellence’ for serving debtors in judicial and extra-judicial recovery proceedings is backed by an experience team of ‘hands-on lawyers with thorough knowledge of the laws and the process’. The highly specialised practice is led by founding partner Renato Mange, who has guided the firm towards ‘a very high reputation and respect in the market’. He is supported by a strong team, including Eduardo Foz Mange, Walter Vieira Filho and Luciano Guimarães da Silveira.
‘The team has a brilliant mix of senior lawyers with respect and access in the higher courts in Brazil with hands-on lawyers with thorough knowledge of the laws and the process to reach the legal goals of the clients.’
‘Great tradition and excellence acknowledged in the legal market and knowledge of the legal process.’
‘Renato Mange and his firm have a very high reputation and respect in the market, both among judges and legal advisors. Renato Mange and Luciano Guimarães are high knowledgeable.’
‘Renato Mange and Walter Vieira Filho are excellent professionals, with deep knowledge, and very ethical.’
Grupo Pires do Rio
- Assisted chemicals company Natrielli in its successful judicial reorganisation plan.
- Represented dairy company LBR Lácteos in its R$1.2bn judicial reorganisation.
- Assisting Cotia in the renegotiation of the judicial reorganisation originally approved in 2018.
The lawyers at Mattos Filho are ‘impeccable’ in ‘complex deals, where there is a need for a lot of attention to detail’. The multidisciplinary practice combines key lawyers from the firm’s banking, capital markets, tax, corporate and litigation teams to advise a wide range of creditors and investors on major debt restructurings and judicial recovery proceedings. Key partners on the disputes side include André Chateaubriand Martins and Alex Hatanaka, who has ‘a unique ability to understand the issues, thanks to his background as a business and litigation attorney’. On the transactional front, Marcelo Ricupero is ‘always available, very professional, and a great leader’. Banking and finance partner Frederico Kerr Bullamah is also active in debt restructurings.
Marcelo Ricupero; Alex Hatanaka; André Chateaubriand Martins; Frederico Kerr Bullamah
‘Expertise in virtually any matter of Brazilian/corporate law; Great at communicating to the client (maintaining an open and coordinated line of communication so that the client feels punctually informed, but without feeling overpriced) and internally (coordination between teams). Always very professional.’
‘Marcelo Sampaio Góes Ricupero – always available, very professional, and a great leader in his space. He has a high ability to coordinate his team. Giovanna Campedelli Macedo – process management, communication. Eduardo Melman Katz – communication, explanation of very complicated matters clearly, especially for foreigners without a history in such matters.’
‘Marcelo Ricupero – accessible, technical knowledge, objectivity in the explanation/identification of relevant issues. Giovanna Macedo – hard worker, accessible, technical knowledge, depth in the analysis of themes.’
‘Alex Hatanaka has a unique ability to understand the issues, thanks to his background as a business and litigation attorney.’
‘They are impeccable in the execution of deals, especially in complex deals, where there is a need for a lot of attention to detail and where the systematic monitoring of each stage of the transaction is essential for deadlines to be met.’
The Carlyle Group
Albright Capital Management
Swiss Re Corporate Solutions Brasil Seguros
Deutsche Bank – Banco Alemão
IG4 Capital Investimentos
Farallon Latin America Investimentos
Mubalada Investment Company
GOL Linhas Areas
- Advising Angra Partners on the acquisition, by investment funds managed by Angra Partners, of the full equity interest held by Cemig Geração e Transmissão in Renova Energia, a renewable energy under judicial reorganisation.
- Represented Banco BTG Pactual and its vehicles in the acquisition of approximately $100m in claims linked to Moreno Group’s judicial reorganisation proceeding.
- Advised UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários and Banco Santander Brasil on the refinancing of debentures issued by GOL Linhas Aéreas.
Padis Mattar Advogados
Insolvency and restructuring boutique Padis Mattar Advogados has a ‘highly specialised, business-oriented team’ with ‘great experience involving foreign creditors and cross-border restructurings’. Clients note that the firm’s lawyers are ‘aggressive, creative and incredibly hard-working, and have come up with innovative strategies for debt enforcement and the structuring of complicated transactions and restructuring plans’. The firm advises an impressive range of creditors and investment funds on contentious and non-contentious restructurings, including DIP financings and distressed M&A. Name partners Paulo Padis and Eduardo Augosto Mattar respectively cover the transactional and litigation issues and are ‘excellent practitioners who offer unique and complementary skills’. Clients also highly rate Beatriz Mazzi and senior associate Victor Clementino.
Eduardo Augosto Mattar; Paulo Padis
‘Both Padis and Mattar are excellent practitioners who offer unique and complementary skills. Padis is knowledgeable and thoughtful about business issues and is commercial, strategic and aggressive in managing contentious cases and negotations. Mattar is a bankruptcy heavyweight and is very thoughtful, thorough and methodical in approach. He is able to work through very complex legal issues and explain them in English in a way that is authoritative and digestible. Victor Clementino is an up-and-comer and probably a future star.’
‘Great experience involving foreign creditors and cross-border restructurings. The difference is the relationship with all the New York and London funds that invest in Brazil.’
‘A leading restructuring/insolvency boutique focused on high end work for corporate and investor clients. In my opinion its name partners are two of the biggest players in the international restructuring space in Brazil and are among the three or four best known Brazilian lawyers for U.S. and non-Brazilian investor clients.’
‘The lawyers at this firm are aggressive, creative and incredibly hard-working, and have come up with innovative strategies for debt enforcement and the structuring of complicated transactions and restructuring plans.’
‘Padis has a distinction that is the intelligence he demonstrates in the financial part of the restructuring that goes beyond the legal issues.’
‘Padis Mattar Advogados has a highly specialized, business-oriented team that, despite being young, conveys security and confidence in all the work performed. Ability to respond quickly to client demands and prompt responses to changes in route that arise in the development of works and processes.’
‘Paulo Padis and Beatriz Mazzi are two partners who work hard, are always available, and ready to present intelligent, modern solutions that are adequate to the difficulties and challenges faced by clients.’
Lone Star Funds
Solus Alternative Asset Management
Moneda Asset Management
VR Global Partners
Fratelli Investments Limited
Gramercy Funds Management
Goldentree Asset Management
Merrill Lynch International
York Capital Management Global Advisors
Canyon Capital Advisors
Cerberus Capital Management
Citadel Equity Fund
Payden & Rigel
OSX 3 Leasing BV
Fundo de Investimento em Direitos Creditórios Não-Padronizados PCG-Brasil Multicarteira
- Advising the Ad Hoc Group of Lenders and Bondholders (AHG) of Samarco Mineração on the restructuring of the facilities lent by AHG to Samarco, as well as of the bonds held by AHG members.
- Acted as adviser to investment funds in the recovery of the $250m credit held in debentures against a holding company for the Atvos Group (the sugar and ethanol portion of the Odebrecht Group).
- Advised Graal Participações through a decade long dispute about the exercise of put and call options related to the sale of Graal’s 20% interest in the Odebrecht Group (now in judicial reorganisation proceedings).
Sergio Bermudes Advogados
The restructuring and insolvency practice at Sergio Bermudes Advogados ‘has multiple skills that, when integrated, provide a bold, absolutely technical, service’. The firm is especially strong on the disputes front and regularly represents creditors and debtors in high-profile judicial recovery proceedings and any related disputes that might occur. With almost 30 years’ experience, highly rated practice head Marcelo Lamego Carpenter has extremely good credentials for contentious insolvency matters. Other key individuals include disputes partner Ricardo Loretti Henrici , Frederico Ferreira (noted for having ‘broad negotiation power and knowledge of the financial market’), and partners Sérgio Nascimento and Thais Vasconcellos de Sá (who are highlighted for their ‘technical legal knowledge‘).
Marcelo Carpenter; Ricardo Loretti
‘The team at Sergio Bermudes Advogados has multiple skills that, when integrated, provide a bold, absolutely technical, service.’
‘Frederico Ferreira – broad negotiation power and knowledge of the financial market. Sérgio Nascimento and Thais Vaconcelos de Sánotório – technical legal knowledge.’
‘I would highlight Marcelo Carpenter and Alessandra Martini.’
Banco do Brasil
Yokr Global Finance Fund
Grupo João Fortes
- Representing several parties in the R$80bn+ reorganisation proceedings of the Oi group.
- Representing João Fortes Engenharia in its filing for bankruptcy – considered the first judicial restructuring filed after the pandemic decree in Brazil.
- Representing Sete Brasil Group in its R$19.5bn judicial reorganisation.
Veirano Advogados has a ‘well diversified, qualified and structured’ restructuring team, which allows for ‘agility and precision in the face of the most complex and innovative types of demand in the field of insolvency’. The cross-practice group is especially known for its advice to creditors, as well as distressed investors and controlling shareholders of distressed companies. Clients also note that the firm has ‘a lot of experience in cross-border insolvency‘ matters. Key partners include Paulo Fernando Campana Filho for transactional and strategic advice, and Ricardo Gama for disputes. Recently promoted partner Julia Tamer Langen is considered ‘an exceptional professional‘.
Paulo Fernando Campana Filho; Ricardo Gama; Julia Tamer Langen
‘The restructuring team is well diversified, qualified and structured, which allows them to react with agility and precision in the face of the most complex and innovative types of demand in the field of insolvency. The partners have a lot of experience in cross-border insolvency.’
‘Julia Tamer Langen, who was promoted to partner in the area, is an exceptional professional. She has a deep domain of the subject, has a business vision and is very practical. She’s that trusted professional that you know will solve your problem in the best way possible. She also has great people management skills and manages to encourage the team to respond to demands quickly and effectively.’
Banco Itaú BBA
Networks do Brasil Telecomunicações
Planner Trustee Distribuidora de Valores Mobiliários
Pentágono Distribuidora de Títulos e Valores Mobiliários
Banco BTG Pactual
Yellow Soluções de Mobilidade
Concessionária do Aeroporto de Salvador
Club de Regatas Vasco da Gama
- Advising multiple creditors holding claims in the Oi Group’s judicial reorganisation proceeding.
- Assisting several banks, including Banco Bradesco BBI and Banco do Brasil, on the judicial reorganisation proceedings of construction company UTC Group.
- Advising Deloitte in the judicial reorganisation proceeding of Aeroportos Brasil, Aeroportos Brasil Viracopos and Viracopos Estacionamento.
Dias Carneiro Advogados
Dias Carneiro Advogados is well regarded in cases involving bankruptcy, judicial reorganisations, out-of-court debt restructurings and DIP financings. The bulk of the firm’s focus is on creditor work, though the team will act for debtors when banks are not involved on the other side. The highly rated Laura Mendes Bumachar leads the practice, and alongside partner Antonio Nachif has developed an extremely good reputation for representing banks and investors in contentious and non-contentious mandates. The team was further boosted by the recruitment of partner Álvaro Brito Arantes from Muriel Medici Franco Advogados; he has a notable practice assisting trade creditors.
Laura Mendes Bumachar; Antonio Nachif; Álvaro Brito Arantes
‘A dedicated team, attentive to details, with an immediate and personalized service.’
‘In addition to their technical knowledge, they stand out for their knowledge of trends, which allows the company to foresee scenarios.’
Alstom Brasil Energia e Transporte
Bio Energias Comercializadora de Energia
Biofast Medicina e Saúde
Black & Decker do Brasil
Brasil Plural Special Situations Nonstandard Credit Investment Fund
China Development Bank
Dominion Instalações e Montagens
Emsenhuber Advogados Associados
Enterprise City Center
Interpart Planejamento de Negócios Empresariais
Mag Brasil Comércio e Assistência Técnica de Máquinas
Newton Sérgio de Souza
Oracle do Brasil Sistemas
Suzlon Energia Eólica do Brasil
Unicasa Comércio de Móveis
- Providing an expert report on Brazilian insolvency law for the consideration of a dispute to be determined by a court in the Cayman Islands.
- Advising on a potential DIP financing or acquisition of claims related to the judicial reorganisation of a major Brazilian group.
- Representing Mag Brasil Comércio e Assistência Técnica de Máquinas as debtor in its bankruptcy proceeding, and its shareholder, M-SKO Investments, on discussions related to the piercing of the corporate veil.
Pinheiro Guimarães is noted for its ‘essential pro-business perspective for the client’, ‘excellent lawyers’ and aptitude for ‘highly complex operations and legal issues’. The practice has a good track record in representing creditors in judicial reorganisations and debt restructurings, including advice on DIP financings and distressed sales and acquisitions. Gustavo Mota Guedes is the lead partner for related litigation; he works closely with Guilherme Vaz, who is highlighted as ‘a highly versatile practitioner, who delivers top-notch service to clients with respect to commercial arbitration, court litigation, and bankruptcy issues’.
Gustavo Mota Guedes; Guilherme Vaz
‘We have a relationship of trust with the firm, especially with its partner Plínio Pinheiro Guimarães, and the service is always excellent.’
‘Pinheiro Guimarães is one of the most qualified and sophisticated firms on the market. It is always a choice for highly complex operations and legal issues. This status was achieved by a team of excellent lawyers, always available and close to the client’s needs.’
‘Guilherme Vaz is a highly versatile practitioner, who delivers top-notch service to clients with respect to commercial arbitration, court litigation, and bankruptcy issues.’
‘Well trained and act with an essential pro-business perspective for the client. It should be noted that the partners are accessible and are always available to help the client.’
‘Bruno Lardosa and Guilherme Vaz work with an extremely important pro-business perspective to conclude deals.’
Merrill Lynch International
Empresa de Energia São Manoel
International Finance Corporation
Stallone Investments Group
Quadra Gestão de Recursos
Globo Comunicação e Participações
DEG Deu Deutsche Investitions
Victoria Capital Partners
- Representing a creditor holding a total claim of over $514m, which represents over 70% of the total claims in the bankruptcy proceeding of Oceanair Linhas Aéreas (Avianca Brasil) and AVB Holding.
- Representing Vale, a major shareholder, in Samarco Mineração’s R$50.5bn judicial reorganisation.
- Assisting Quadra Gestão de Recursos, as arranger of a R$435m debtor-in-possession financing to the debtors in Moreno Group’s judicial reorganisation.
Stocche Forbes Advogados
Stocche Forbes Advogados has a multidisciplinary restructuring and insolvency practice, with versatile partners handling a broad mix of judicial and non-judicial proceedings. The firm is particularly active on the creditor side, where it regularly assists major banks and bondholders as well as trade creditors. Recently, the firm has been involved in several high-profile mandates in the infrastructure and energy sectors, and also assists investors in matters connected to non-performing loans and distressed assets. Guilherme Gaspari Coelho and Bruno Gandolfo handle both contentious and non-contentious insolvency procedures, working closely with partners in the finance team, including Guilherme Forbes, Frederico Moura and Henrique Filizzola.
Gramercy Funds Management
Highline do Brasil II Infraestrutura de Telecomunicações
- Advising Citibank, BNP Paribas, ING Capital, Export Finance Norway and DNB Capital on the judicial reorganisation proceeding of the Constellation Group.
- Advised Porto Sudeste, Douro International Finance and Trafigura Group as Brazilian counsel on Porto Sudeste’s $572m out-of-court restructuring.
- Advised Highline do Brasil II Infraestrutura de Telecomunicações on the acquisition of the tower business of the Oi Group, currently under judicial reorganisation.
ASBZ Advogados has a good reputation for advising major creditors, including banks, financial institutions and other bondholders. The team is particularly experienced in high-value insolvencies, judicial restructurings and Chapter 11 proceedings, and has been involved in several high-profile cross-border mandates. Practice heads Aitan Canuto Cosenza Portela and Bruno Delgado Chiaradia have both developed strong credentials for contentious matters. Recently promoted partner Milena Meyknecht is also active on this front, while finance partner Alexandre David regularly handles non-contentious matters.
Aitan Cosenza Portela; Bruno Delgado Chiaradia
‘Bruno Chiaradia is an excellent professional, highly competent, with deep knowledge in the area of insolvency.’
Banco Santander (Brasil)
China Construction Bank – Banco Múltiplo
Deutsche Leasing Finance
DASA – Diagnósticos da América
Archer Daniels Midland Company
Premier Capital Fomento Mercantil
Banco AndBank (Brasil)
Roche Diabetes Care Brasil
AB FCP I – Global High Yield Portfolio
AB FCP I – Mortgage Income Portfolio
AB High Income Fund
High Income Fund
AB Bond Fund
Alliancebernstein Securitized Assets Master Fund
Alliancebernstein High Yield Open Fund
Alliancebernstein Institutional Fund – Global Plus Fixed Income Fund
Aurion Canadian Bond Fund
Citigroup Pension Plan Trust
Commonwealth of Pennsylvania Public School Employees’ Retirement System
Desjardins Enhanced Bound Fund
Halifax Regional Municipality Master Trust
Japan Trustee Services Bank
Kaiser Foundation Hospitals
Kaiser Permanente Group Trust
Mizuho AB Trust Series – Mizuho US High Income Bond Fond
Sanford C. Bernstein & CO. Trust Funds – AB Canada Core Plus Advanced Bond Fund
Sanford C. Bernstein & CO. Trust Funds – AB Canada Core Plus Bond Fund
SEI Global Master Fund PLC – The SEI U.K. Credit Fixed Interest Fund
SEI Institutional Investments Trust – Multi-Asset Real Return Fund
SEI Institutional Managed Trust – Multi-Asset Inflation Managed Fund
Sprint Master Trust
Stichting Bedrijfstakpensioenfonds Voor Het Beroepsvervoer Over De Weg
Teachers’ Retirement System of Louisiana
The AB Portfolios – AB All Market Total Return Portfolio
The Board of The Pension Protection Fund
The Glencore Canadian Pension Funds Trust – Bond Fund
ACP I Trading
CVI EMCVF Cayman Securities
EOC Lux Securities
Pathfinder Strategic Credit
Moneda Latin Corporate Debt
Moneda Deuda Latinoamericana Fondo De Inversión
Pathfinder Strategic Credit
CVC Brasil Operadora e Agência de Viagens
Ativos Especiais II – Fundo de Investimento em Direitos Creditórios – Não Padronizados
- Defending Banco Bradesco’s interests in the judicial reorganisation of Moreno Group, involving a total amount of over R$2.9bn.
- Defending the interest of noteholders and the trustee agent of GVO Group in the judicial reorganisation of GVO.
- Advising several Grupo CVC companies in both Avianca’s and Latam’s Chapter 11 procedures.
Castro Barros Advogados
Castro Barros Advogados is a popular choice for banks and trade creditors in high-profile bankruptcy and restructuring proceedings. The firm handles a broad range of debt recovery cases, and has been involved in a significant number of court-supervised restructurings in recent years. The practice is jointly led out of Rio de Janeiro by Alexandre Espínola Catramby and Olympio Carvalho, who have strong backgrounds in dispute resolution across a range of sectors. Carvalho is particularly experienced in shipping and transportation-related insolvency proceedings. Litigation head José Augusto Leal is also active in this area.
Alexandre Catramby; Olympio Carvalho
Haitong Banco de Investimentos do Brasil
Hewlett-Packard Enterprises Financial Services
Banco BTG Pactual
FIDC Brasil Plural Recuperação de Crédito Fundo de Investimento em Direitos Creditórios – NP II
Pentágono Distribuidora de Títulos e Valores Mobiliários
Fundação Petrobras de Seguridade Social – Petros
Promonlogicalis Tecnologia e Participações
GNB Gestora de Patrimónios
International Paper do Brasil
- Successfully represented Haitong Banco de Investimento do Brasil in the settlement of a major recovery claim.
- Defended Haitong Banco de Investimento do Brasil in two claims filed by Comprebem Comércio e Transportes and Central Distribuição de Alimentos.
- Representing HP Financial Services Arrendamento Mercantil in two multimillion-dollar credit recovery and repossession claims against BMK Pro Indústria Gráfica.
Cescon, Barrieu, Flesch & Barreto Advogados
Cescon Barrieu has a solid reputation for restructuring and insolvency work, where it represents a mix of creditors and debtors. This includes support on debt restructurings, judicial recoveries, DIP financings and distressed M&A. The team has experience across several key sectors, including oil and gas, shipping, agriculture, telecoms and logistics. Alexandre Gossn Barreto has a good reputation for banking work. Former practice head Fábio Rosas and partner José Luis De Rosa Santos are no longer at the firm.
Brookfield Asset Management
Oaktree Capital Management
Archer Daniels Midland Company
Brasil PCH/BSB Energética
AES GF1 Holding
Unipar Indupa do Brasil
GE Energias Renováveis
IFC – International Finance Corporation
Watson Farley & Williams
- Advised Brookfield Asset Management in the negotiations and litigation related to its entities’ rights under the voting of the amendment to the Oi Group judicial reorganisation plan.
- Advised Oaktree Capital Management on a debtor-in possession financing to LATAM Airlines Group as part of its Chapter 11 proceedings.
- Represented Archer Daniels Midland Company as creditor in the judicial reorganisation of Armando Bianchessi, a major rural producer.
Leite, Tosto e Barros Advogados Associados
Leite, Tosto e Barros Advogados Associados is commended for its ‘technique, skill, knowledge and effort for satisfying the client’s interests'. This is particularly the case in contentious matters, where the firm leverages its sizeable disputes practice in major judicial recovery proceedings and debt restructurings. The firm assists creditors and debtors, including several major banks and corporations. Key partners include disputes head Paulo Guilherme Lopes and fellow litigator Patricia Rios. Rodrigo Quadrante is strong on the banking and commercial side.
Rodrigo Quadrante; Paulo Guilherme Lopes; Patrícia Rios
‘The firm has always valued excellence in the service provided, demonstrating technique, skill, knowledge and effort for satisfying the client’s interests. They have teams with a lot of experience in the sector, working in several emblematic cases of judicial recovery.’
Montblanc Securitizadora de Crédito
Foton Aumark do Brasil, Importação, Exportação e Distribuição
- Advised Schahin Participações on its debt reorganisation and a linked dispute with Petrobras to reinstate an agreement that was terminated as a result of Operation Car Wash.
- Advised Alumini Engenharia on a $400m debt reorganisation.
- Assisted UTC Participações in the negotiation of a leniency agreement with the government linked to Operation Car Wash.
Petribu, Cabrera, Pires de Mello
Petribu, Cabrera, Pires de Mello fields teams that are ‘always the right size and capable of delivering what the cases and clients demand'. The firm has strong credentials in the agribusiness sector, where it regularly represents major creditors in judicial credit recoveries and related disputes, and also assists sellers in distressed asset sales. Co-managing partners Ben-Hur Cabrera Filho (‘vast technical knowledge'), Henrique Petribu Faria (‘a present, agile lawyer, always ready to resolve the demands received by clients') and Rodrigo Pires de Mello (‘with extensive experience') all come highly recommended.
Ben-Hur Cabrera Filho; Rodrigo Pires de Mello; Henrique Petribu Faria; Guilherme Oliveira Afonso
‘Ben-Hur Cabrera Filho promptly attends to the client’s needs with vast technical knowledge. Also noteworthy is Gabriela Stephanie Nunes, who attends us directly and daily with technical excellence, behaviour with extreme professionalism and integrity, and a differential in seeking to understand the company’s business and the effective reasons for legal demands, especially contractual, to offer the most effective alternatives for the concrete cases.’
‘The technical quality of the partners and lawyers exceed expectations within the areas they serve. Being a large company client and dealing with different levels of hierarchy, they manage to move between them very well, having a very clear and accessible language for everyone.’
‘I recommend Ben-Hur, a partner with great technical quality. And, as an associate, Gabriela Nunes, who stands out for her resourcefulness serving the corporate environment, always wanting to update herself and expand her knowledge.’
‘In my view, one of the great differentials of Petribu, Cabrera e Pires de Mello Advogados (PCPM) is the availability of its partners and lawyers, always ready to meet the demands that are sent by clients. As a client I was always very well attended whenever I needed it, in times and deadlines always within the expected and necessary for the type of work we develop. The work teams that are assigned to cases are always the right size and capable of delivering what the cases and clients demand.’
‘Henrique Petribu Faria has the expertise and experience to deal with complex cases within the business sector of agribusiness and in cases of credit recovery and insolvency. I would like to highlight the fact that Henrique is a present, agile lawyer, always ready to resolve the demands received by clients.’
‘Henrique Petribu is always proactive, receptive, capable and always available to the company, having a well-structured team, with Luis Rodrigues, Thiago Roxo and Guilherme Afonso, who are always working on strategies as well.’
‘The team is extremely committed to solving problems. They are firm and decisive and in all cases we manage to receive our values.’
‘Rodrigo Pires de Melo is the partner who stands out, with extensive experience, he serves us with mastery, leaving us completely satisfied with the office, we have been clients for a long time and we don’t think about changing!’
Souto Correa Advogados
Souto Correa Advogados has ‘a dynamic, innovative and collaborative' approach. The Porto Alegre-based team ‘is extremely technical and committed to the projects it works on'. The firm represents domestic and international creditors and debtors with interests across the country. Founding partner and corporate expert Gilberto Deon Corrêa Júnior leads the team alongside Luis Felipe Spinelli, ‘a great lawyer‘ who is ‘always striving for excellence'. Fernando Pellenz has a good reputation for agribusiness-related restructurings and ‘has an excellent relationship with his clients and always seeks to innovate in his area of expertise’.
Gilberto Deon Corrêa Junior; Luis Felipe Spinelli
‘The firm maintains high-quality professionals, especially its partners. The team has a dynamic, innovative and collaborative profile. The relationship is very personal and very welcoming. They are always willing to bring appropriate solutions to the client’s business.’
‘One of the highlights is the partner Fernando Pellenz, who deserves prestige. A qualified professional in the market, he has an excellent relationship with his clients and always seeks to innovate in his area of expertise.’
‘The team is extremely technical and committed to the projects it works on. It is an excellent combination and, from a practical point of view, the formula for success in cases where we work together.’
‘Luis Spinelli is a great lawyer. In addition to insolvency expertise, he has extensive knowledge in other business areas. Undoubtedly, it is an extremely valuable piece for project solution. In addition, Spinelli is directly involved in the cases, always striving for excellence in delivery (which is common to achieve).’
International Finance Corporation
Export-Import Bank of the United States
CHS Agronegócio – Indústria e Comércio
Ecovix Construções Oceânicas
Brasil/CT – Comércio e Turismo
Fundação CEEE de Seguridade Social – Eletroceee
Vibra Comercializadora de Energia
- Advising the Export-Import Bank of the United States in the judicial recovery of the university education business AELBRA.
- Assisting the IFC in pursuing $16m recovery against Bonasa Alimentos, guaranteed by Asa Participações e Administração and others.
- Represented Group Ecovix in its judicial reorganisation.
Tauil & Chequer Advogados
The ‘very attentive’ team at Tauil & Chequer Advogados is a solid choice for creditors and debtors in cross-border restructurings and insolvency procedures and is also regularly instructed by distressed debt investors. The team is now led by Liv Machado Fallet - who joined from TozziniFreire Advogados in July 2022 and succeeded Fabio Peixinho in the leadership seat - following the departure of Luciana Celidonio. Banking partners Eduardo Lima and Luis Montes (who is highlighted as ‘creative, pro-business’) are also well regarded in this area.
Liv Machado Fallet
‘Very attentive and able to satisfy the client’s questions. My case was very complex, and yet the firm did its job properly.’
‘Flexibility in commercial structures, and a feeling of ownership by the lawyers, maintaining the quality of service in all areas.’
‘Luis Montes – creative, pro-business, simple and direct communication.’
The Bank Of New York Mellon
Deutsche Bank London Branch
Deloitte Touche Tohmatsu Consultores
China Construction Bank Brasil Banco Múltiplo
GE Power Conversion
- Advising ABN Amro Bank, Cooperatieve Rabobank, ING Bank, Crédit Agricole, Natixis and Société Générale in Biosev’s $1bn debt restructuring.
- Assisting Bunge in the R$500m acquisition of two of Imcopa’s facilities in connection with the company’s judicial reorganisation proceeding.
- Representing the The Bank of New York Mellon as a bond trustee in the judicial reorganisation of the U.S.J Group, a major sugar producer.
Huck, Otranto, Camargo Advogados
Huck, Otranto, Camargo Advogados has a solid reputation for restructuring and bankruptcy cases, where it offers a varied mix of banking, dispute resolution and M&A advice. The firm primarily focuses on creditors and investors, and has recently been involved in cases within the construction, agribusiness, engineering and technology sectors. Following the split within the firm, former corporate partner Luis Gustavo Haddad left for the newly founded HRSA. Key remaining partners include Diego Billi Falcão for transactional issues and Luiz Felipe Pereira Gomes Lopes for litigation.
Luiz Felipe Pereira Gomes Lopes
Established in 2020, LMorato Advogados is a dedicated boutique, which has ‘surgically positioned itself in restructuring and recovery with a unique and personalised approach’. The firm represents debtors and creditors across all areas, from DIP and exit financings, through to distressed M&A, debt restructurings and contentious judicial proceedings. Founding partner Leonardo Morato has a distinguished background leading practices at major international firms and has ‘unique knowledge of the market and successful strategies in the sector’. Renan Arcaro is highly active on the disputes side.
‘Treats each case as if it were unique.’
‘The firm has surgically positioned itself in restructuring and recovery with a unique and personalised approach.’
‘Leonardo Morato – Unique knowledge of the market and successful strategies in the sector.’
Concessionária Rodovias do Tietê
Autostrade / Atlantia Group
Concessionária Rio Mais
Westchester Group South America Gestao de Investimentos (Radar)
Austin Empreendimentos Imobiliários
- Advising four Deutsche Bank entities as the largest creditors in the cross-border restructuring of Abengoa Group.
Rayes & Fagundes Advogados Associados
Clients of Rayes & Fagundes Advogados Associados benefit from the firm’s ‘good infrastructure and good professionals', noting that the low turnover of fee-earners helps create a sense of ‘solidity and trust'. The practice primarily represents creditors in judicial and non-judicial restructurings, including preventative debt negotiations and the sale and acquisition of distressed assets. Work in the banking, life sciences, software, technology and food sectors dominates the agenda. Key partners include litigator Eduardo Vital Chaves, and Ligia Azevedo Ribeiro and Renata Cavalcante de Oliveira for commercial negotiations.
Eduardo Vital Chaves; Ligia Azevedo Ribeiro Sacardo; Renata Cavalcante de Oliveira
‘Good infrastructure and good professionals in the team.’
‘The partners are attentive and there is not a high turnover of employees, which for clients translates into solidity and trust.’
Cabify Agência de Serviços de Transporte de Passageiros
Masterfoods Brasil Alimentos
Tereos Group (Açúcar Guarani)
DHL (Deutsche Post DHL)
- Represented IBM Brazil as an unsecured creditor in the court-supervised corporate restructuring of the Oi Group.
- Representing Companhia de Locação das Américas – Locamerica as an unsecured creditor in Grupo Estre’s court-supervised restructuring.
- Representing Banco Indusval’s interests in Seara’s multimillion-dollar court-supervised restructuring.
Santos Neto Advogados
Santos Neto Advogados has developed a strong reputation for advising creditors and debtors operating within Brazil’s agribusiness sector. Offering good expertise in contentious and non-contentious matters, the team is regularly involved in judicial and extra-judicial proceedings, including debt renegotiations and restructurings. Lead partner Fernando Bilotti Ferreira is singled out for his ‘strong agility and assertiveness' in commercial and litigation issues. Vivian Castelan Bernardino regularly handles related trade finance disputes and structured finance credit recovery claims.
Fernando Bilotti Ferreira; Vivian Castellan Bernardino
‘Fernando Bilotti – strong agility and assertiveness.’
Scalzilli Althaus Chimelo Spohr Advogados
Scalzilli Althaus Chimelo Spohr Advogados has an experienced practice based in Porto Alegre and regularly represents creditors and debtors. This includes advice on debt restructurings, judicial reorganisations and bankruptcy proceedings, but also extends to crisis management and risk assessments linked to legal proceedings. Its clients come from across key market sectors, including automotive, software, construction, healthcare and agribusiness. Gabriele Chimelo and Veronica Althaus are the two lead partners.
Gabriele Chimelo; Verônica Althaus
Quinta Do Vale Alimentos
Associação Dos Profissionais Liberais Universitários – APLUB
Instituto Porto Alegre Da Igreja Metodista E Outras (Rede Metodista De Ensino Superior)
Quinto Tabelionato De Notas De Porto Alegre
Indústria De Calçados Blip
Radicom Centro De Diagnóstico Computadorizado
Comercial De Comercial De Combustíveis Dapa
Stemac Grupos Geradores
- Advised Quinta Do Vale Alimentos on its judicial recovery and tax liability.
- Assisted Associação Dos Profissionais Liberais Universitários – APLUB on its bankruptcy proceeding.
- Advised Instituto Porto Alegre Da Igreja Metodista E Outras (Rede Metodista De Ensino Superior) on asset protection strategies.
Siqueira Castro – Advogados
Siqueira Castro – Advogados has an active credit recovery practice, which works closely with lawyers in the firm's corporate and dispute resolution teams. The group provides support in high-value debt renegotiations and judicial recovery proceedings. The contentious side of the practice includes highly experienced partners such as Daniela Soares Domingues and Alexandre Wider in Rio de Janeiro and André Frossard Albuquerque in São Paulo. Heitor Faro de Castro is the key contact on the corporate side following the departures of partners Guilherme Dantas and André Gondinho.
Heitor Faro de Castro; Daniela Soares Domingues; Alexandre Wider; André Frossard Albuquerque
Dialogic do Brasil Comércio de Equipamentos para Telecomunicações
Construções e Comércio Camargo Correa
Braga e Gonzales Advogados
MPE – Participação em Agronegócio
Kurgan RJ Participações
CEG – Companhia Distribuidora de Gás do Rio de Janeiro
Furukawa Industrial Optoeletrônica
Furukawa Electric Latam
Fundo de Investimento em Direitos Creditórios Não Padronizados Credicorp
POSTALIS – Instituto de Seguridade Social dos Correios e Telégrafos
Credicorp – Fundo de Investimento
- Advised BASF, a major creditor in the restructuring of agribusiness company Monte Alegre Group.
- Assisted Dialogic, a technology company, as creditor in the Chapter 11 restructuring of Hoje Sistemas De Informatica.
- Advising Construções e Comércio Camargo Correa, a creditor in the Chapter 7 bankruptcy of Group Schahin.
Souza Araujo Butzer Zanchim Advogados – SABZ Advogados
Souza Araujo Butzer Zanchim Advogados – SABZ Advogados provides a combination of administrative, commercial, banking and litigation support to debtors and creditors. The firm is particularly noted for its real estate, construction and infrastructure experience, where it represents a mix of banks, private and public operators, and investment funds. This includes support on high-value out-of-court debt and asset restructurings, and advice to clients handling outstanding tax liabilities. Kleber Luiz Zanchim is the main contact for transactional matters, while Paulo Doron Rehder Araujo heads the litigation and insolvency side.
Paulo Doron Rehder de Araujo; Kleber Luiz Zanchim
Newen Group – New Energies
Thomas Case Associados
Banco Itaú Unibanco and Banco Itaú BBA
Banco BTG Pactual
- Representing Banco BTG Pactual in Renova group’s judicial reorganisation proceeding.
- Assisting Viver and its subsidiaries in a R$210m debenture debt restructuring.
- Advising PDG Realty on the restructuring of R$1.5bn in assets and R$2.5bn in liabilities within estates managed by its subsidiaries.
Trench Rossi Watanabe
Trench Rossi Watanabe is noted for its ‘deep technical knowledge in the most varied fields of law’, a multi-faceted approach that brings value to its restructuring and insolvency team, whose performance is ‘exceptional’. The litigation side is handled by Giuliana Bonanno Schunck and Gledson Marques De Campos, who alongside associate Mariana Conrado, provide ‘exceptional knowledge on the subject of judicial reorganisation’. Banking and finance partner Luís Ambrósio is also experienced in high-value domestic and cross-border debt restructurings, where clients benefit from the firm’s association with Baker McKenzie LLP.
Luis Ambrosio; Gledson Campos; Giuliana Schunck
‘The firm has qualified professionals, with deep technical knowledge in the most varied fields of law. We count on the firm’s support in Judicial Recovery processes, and the team’s performance was exceptional, always pointing out risks with precision and suggesting innovative solutions to complex problems.’
‘Mariana Conrado and Gledson Campos are professionals of the highest competence, having exceptional knowledge on the subject of Judicial Reorganisation. The lawyers in question have exceptional performance, always pointing out risks with precision and proposing innovative solutions to complex problems.’
Vibra Energia (previously Petrobrás Distribuidora)
Oracle Do Brasil Sistemas
Emerson Electric Do Brasil
BMC Software Do Brasil
Export Development Canada
Pepsico Do Brasil
Commscope Cabos Do Brasil
New Energies Soluções em Energia
Accenture do Brasil
Fundo de Investimento Renda Fixa Petros Crédito Privado de Recuperação Br
Procter & Gamble Do Brasil
- Representing Fundo de Investimento Renda Fixa Petros Crédito Privado de Recuperação BR in the bankruptcy of Faville Indústria e Comércio de Alimentos.
- Assisting New Energies Soluções em Energia with the judicial reorganisation proceeding of Argon Comercializadora de Energias.
- Advising Hasbro on the judicial reorganisation of Ricardo Eletro Group.