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Tag: bankruptcy

By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazilian airline Azul announced Monday it had made a proposal to buy part of Avianca Brasil's operations for US$105 million. “The proposal will include assets selected by Azul such as...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Brazil’s President, Michel Temer, lifted on Thursday restrictions to foreign capital participation in Brazilian airline companies. With the measure, the limit of 20 percent of foreign capital in national...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Telecommunication regulator in Brazil, ANATEL, announced on Thursday it was applying a R$11,500 fine on telephone operator, Oi, for the sale of the company’s reversible assets without prior approval of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The number of companies in Brazil seeking judicial recovery in 2016 set a record according to data released by Serasa Experian, a credit and business research company. In all 1,770...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – A week after presenting its bankruptcy recovery plan, Brazilian telephone company, Oi, announced that its CFO had resigned. According to the company, which filed earlier this year for bankruptcy...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – One of Brazil’s largest telephone carriers, Oi, filed a bankruptcy recovery request on Monday, June 20th, in Rio de Janeiro after restructuring talks with major shareholders failed. The company is...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In the first five months of this year judicial recovery requests in Brazil increased by 95 percent in comparison to the same period last year, according to a survey conducted...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The number of companies in Brazil seeking judicial recovery in 2015 was the largest in the past ten years, according to data released by Serasa Experian, a credit and business...
By Sarah de Sainte Croix, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – On Monday, AMR Corporation, the parent company of American Airlines, announced that it had filed for a voluntary reorganization under Chapter 11 of the U.S. Bankruptcy Code,...

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