Allen D Moreland
February 19, 2021 | Daily Business Review
New Brazilian Bankruptcy Law Will Affect Florida InvestorsOn Jan. 23, Brazil adopted the Model Law on Cross-Border Insolvency, which was created by the United Nations Commission on International Trade Law (UNCITRAL) in 1997. This will now allow U.S. insolvencies, debt restructurings and liquidations (so-called "foreign proceedings") to be formally recognized by Brazilian courts.
By Allen D. Moreland and André F. R. Rocha
6 minute read
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