December 4, 2018 |
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
With the elections over, more turnarounds are expected to make it to the market in 2019, lawyers say