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Major firms make a stand in ferocious battle for Avianca Brasil

19Jun2019Jun19,2019
Seguros, Resseguros e Previdência privada
Latin Lawyer

Some of Brazil’s most prestigious firms have been enlisted in a fierce legal battle for Avianca Brasil as its restructuring proceedings – marked by judicial deadlock, thousands of grounded flights and growing debt – gained renewed momentum on Monday.

The airliner came to the edge of bankruptcy when its restructuring plan was suspended following an injunction last month, but an appeals court gave the green light for the deal yesterday. The plan divides the airliner into seven different entities that will be auctioned off on 10 July. Click here and learn more