The corporate restructuring landscape in Brazil is undergoing constant transformation, and keeping pace with these developments is essential for strategic decision-making.
In the 5th edition of the Restructuring and Insolvency Newsletter, our team examines recent decisions by the Superior Court of Justice (STJ), relevant legislative changes, and updated data on judicial reorganizations in Brazil, with direct implications for companies, creditors, and investors.
Highlights of this edition include:
- the prohibition on filing for judicial reorganization by habitual debtors, in light of Complementary Law No. 225/2026;
- the STJ’s understanding recognizing the Public Treasury’s standing to file for bankruptcy following an unsuccessful tax enforcement proceeding;
- the record-high number of judicial reorganizations in 2025, with a significant impact on the Brazilian market;
- as well as recent decisions involving asset sales, out-of-court reorganizations, and cross-border restructurings, including the Azul case.
Click here to check out the full content and stay in the loop about the key trends, risks, and opportunities in restructuring and insolvency.