Brazil ushers in a year of restructurings

Brazil ushers in a year of restructurings

Debt Capital Markets Corporate & Sovereign Strategy Project & Infrastructure Finance Brazil

Corporate restructurings in Brazil will likely pick up speed next year, now that delays caused by the 2018 elections are over, LatinFinance has heard. "We've had a quiet period because of the elections, but we see bankruptcy turnarounds increasing next year," said Liz Machado, a partner at TozziniFreire Advogados in São Paulo. Queiroz Galvão Energia, part of the cash-strapped conglomerate Queiroz Galvão, filed for bankruptcy protection on November 26, listing more than BRL3.8bn ($989m) in liabil

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