The Vote of Debenture Holders in Brazilian Judicial Reorganization

Dear readers of Agenda Recuperacional,

Excited to share our latest article analyzing the evolving legal framework around debenture holders’ participation in judicial reorganizations in Brazil!

The study critically examines the tensions arising from current out-of-court voting mechanisms, highlighting risks these systems pose to creditor equality and effective corporate restructuring. By advocating for individualized voting processes complemented by robust judicial oversight and specialized voting procedures, we propose a structured approach aimed at improving creditor engagement and achieving fairer, more efficient outcomes.

We believe this perspective aligns well with both Brazilian legal practices and international standards, offering practical solutions to complex financial restructuring scenarios.

The full paper is available for download at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5344029

I’d appreciate hearing your thoughts and experiences on this topic!

#JudicialReorganization #DebentureHolders #CorporateRestructuring #LegalFramework #CreditorsRights #FinancialDistress #BrazilianLaw