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 , 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.

Events

Events

Latin Lawyer 13th Annual Charity Awards Ceremony

Insight

Reference

Sy83a16n1gvzfafpg07v

Construction

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

LO Baptista

All Reference

Guides

Ogmha8wxmyjxj2opobts

The Guide to Infrastructure and Energy Investment

How to Build Up a Region: Development Banks and Multilateral Financing

Thomas Hechl and Vanessa Pinto Villa

Hogan Lovells LLP

The Role of Project Finance in Developing a Region: Trends and Considerations

Andrés Arnaldos Montaner , Daniel D Bartfeld , Jaime E Ramirez and Roland Estevez

Milbank, Tweed, Hadley & McCloy LLP
All Guides