Article
Brazilian Cancer Treatment Group Seeks Out-of-court Deal As "Lower Risk" EJ Becomes A Trend
A major Brazilian oncology treatment provider has filed for extrajudicial reorganisation to restructure nearly US$1 billion in debt, joining a growing trend of Brazilian companies opting for out-of-court restructuring processes. Legal experts suggest this preference for the less costly and time-consuming EJ process over traditional judicial reorganisation is becoming the new norm in Brazil's restructuring market.
Mayer Brown