Creditors who offered a brief respite to Brazilian companies during the pandemic are now coming to collect as the country struggles with high inflation and double-digit interest rates.
April 06, 2023 at 08:13 PM
3 minute read
Latin America Correspondent
Double-digit interest rates, scorching inflation and the expiration of pandemic extensions for debt obligations are driving a sharp increase in demand for restructuring advice in Brazil.
Brazilian law firms have been scouring for talent in recent months to assist with a deluge of work as companies across sectors struggle with the resulting liquidity crunch.
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(L-R) Marcelo Ricupero, partner at Mattos Filho, Roberto Zarour Filho, partner at Lefosse and Gabriela Martines, partner at TozziniFreire Advogados. Courtesy photos
