Lawyers call for improved DIP finance in Brazilian restructurings

Brazilian restructuring lawyers have called for better debtor-in-possession (DIP) financing provisions and more ways to protect restructuring plans from challenges in Brazil, as US colleagues showed confidence they would get there.

Lawyers call for improved DIP finance in Brazilian restructurings Nathaniel Wendling (Credit: Credits: Christopher Lazzaro)

On 4 June, panellists at the Latin Lawyer-GRR Live 3rd Annual Restructuring in New York said the lack of DIP financing provisions and of an “equitable mootness” doctrine to finalise restructuring plans, were stopping efficient workouts in Brazil. Lawyers said differences with the US’s established DIP finance culture highlighted the need for similar measures in Latin America.



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