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Asset sales protect investigated companies’ creditors more than judicial restructuring, says panel

José Antonio Jiménes and Tomás Allende discuss the impact of anti-corruption investigations in Latin America

The wave of anti-corruption probes following Operation Car Wash left many implicated companies on the verge of bankruptcy, but most have found selling assets before filing for judicial restructuring better preserves the value of those assets than bankruptcy proceedings do, heard delegates at Latin Lawyer – GRR Live 4th Annual Restructuring conference.