The Superior Court of Justice (STJ) decides if a private foundation may undergo court reorganization

The 3rd Panel of the Superior Court of Justice (STJ) is set to rule for the first time on a contentious issue in insolvency law: whether privately governed foundations can undergo court reorganization. Yesterday, the justices started to analyze two appeals that challenge the lawfulness of the court reorganization of non-profit educational foundations in Minas Gerais.

 

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