Odebrecht Files for Bankruptcy: Biggest Judicial Recovery Case in Brazil’s History

The São Paulo-based conglomerate, which to many symbolizes everything that is wrong in Brazil, believes it deserves a second chance.

By Contributing Reporter

SÃO PAULO, BRAZIL -  Odebrecht SA, one of the companies at the heart of Brazil's massive Car Wash (Lava Jato) corruption scandal, took the step on Monday, June 17th, of filing a petition for judicial recovery at the 1st Bankruptcy Court of São Paulo, protecting it from creditors to get back on its feet.

Once one of the world's biggest engineering and construction groups, the conglomerate’s view . . .

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