Approved without impact data for the Federal District, the new law limits choice of venue
Enacted on the 5th, Law 14,879/2024 changed the rules on the choice of venue for lawsuits involving private contracts. Lawyers consulted by the online magazine Consultor Jurídico believe that the rule limits the parties’ freedom to choose the best venue for dispute resolution.
Number of companies under court reorganization surged again in the first quarter of 2024
The number of companies under court reorganization in Brazil continues to rise. At the end of the first quarter, a total of 4,203 companies were under court protection to renegotiate debts with creditors.
Number of companies under court reorganization rises in the 1st quarter
The number of companies under court reorganization in Brazil continues to rise. At the end of the first quarter, a total of 4,203 companies were under court protection to renegotiate debts with creditors.
High costs slow the adoption of arbitration in succession disputes
The vast majority of companies in Brazil are family-owned and, in this scenario, the expansion of arbitration as a way to resolve disputes seems a reasonable alternative to ease the burden on the judiciary. There is only one barrier, so far difficult to overcome: the cost.
Lawyers say that the Bankruptcy Bill holds court-appointed administrators accountable for delays
Specialized lawyers believe that the bankruptcy bill report, presented by rapporteur Deputy Dani Cunha (União-RJ), holds court-appointed administrators accountable for delays in bankruptcy proceedings. Experts urge the government to remove the bill’s urgency status so it can be thoroughly debated with society.
Statute of limitations applicable to actions for damages in antitrust cases
In effect since November 17, 2022, Law 14,470/22 amended the Competition Law (Law 12,529/11) to establish new provisions for damages in case of antitrust violations.
Why did Brazilian company Gol filed for court reorganization in the US?
Gol Linhas Aéreas announced on Thursday, 25, that it has filed for court reorganization in the United States. The company ensured that it will continue its operations during the proceeding. However, how does a court reorganization proceeding work in the United States?
Potential next steps in Gol’s court reorganization proceeding in the US
With the filing for court reorganization in the U.S. courts, Gol is expected to ensure greater speed and security in maintaining its operations during debt restructuring in comparison with the Brazilian mechanism.
