Commended for its ‘very strong business vision combined with undeniable legal knowledge‘, BMA Advogados‘ restructuring and insolvency practice is highly active in representing debtors, including public listed companies, in sophisticated judicial reorganisation mandates. Local and international clients from a wide range of industries, such as energy, telecoms and retail, often turn to the team for its expertise in contentious and non-contentious issues, including distressed transactions. The team is currently led by Sergio Savi, who has a strong track record in complex, cross-jurisdictional court-supervised debt restructurings. Eduardo G. Wanderley handles insolvency matters requiring expertise in debt restructuring, litigation with creditors, and extrajudicial negotiations. Luciana Celidonio, a name to note for creditors and investors, often advises on debt financings, distressed M&A and bankruptcy-related litigation. Recently promoted partner Natalia Yazbek handles a varied workload, featuring judicial reorganisations, debt restructurings and investments in distressed companies and assets.

Praised for being a ‘highly specialised firm in the area of ​​insolvency and restructuring’, E. Munhoz Advogados is well versed in a range of both contentious and non-contentious mandates in this space, and is active in a diverse set of industries, including infrastructure, oil and gas, and telecoms. The team handles a mix of judicial reorganisations, out-of-court restructurings, debt refinancings and distressed M&A, often involving several jurisdictions. The team is jointly led by founder Eduardo Secchi Munhoz, a specialist in insolvency litigation, and Carolina Machado Letizio Vieira, praised for being an ‘experienced and combative lawyer’ in large-scale debt restructuring matters. In addition, Ferdinando Lunardi focuses on judicial reorganisations and negotiations with creditors, leveraging his expertise in capital markets. Ana Elisa Laquimia is highly active in both the team’s contentious and non-contentious mandates, while Laura Amaral Patella assists with distressed M&A.

One of the first ports of call for complex insolvency and restructuring mandates, Felsberg Advogados fields ‘a highly qualified and trained team, which seeks alternative solutions to complex situations and works very well in partnership with its clients‘. With experience in both domestic and cross-border mandates, the team acts for an impressive client base present in a wide range of industries, including metal, energy and telecoms. In addition to complex judicial reorganisation and debt restructuring mandates, the team is experienced in both transactional matters involving the sale and acquisition of insolvent assets, as well as out-of-court restructurings. Founding partner Thomas Felsberg, a reference in the market, and Fabiana Solano, who often handles high-profile judicial and extrajudicial reorganisations, as well as debt restructurings and bankruptcy proceedings. Clara Moreira Azzoni is a key contact for creditors, debtors and investors engaged in judicial and extrajudicional reorganisations. Thiago Dias Costa is proficient in both non-contentious and contentious matters in this space. Victoria Vaccari Villela Boacnin offers key support on major insolvency cases.

Machado Meyer Sendacz e Opice Advogados‘ restructuring and insolvency department – noted for ‘in-depth knowledge of complex topics’ – is a key adviser to major players from the banking and financial sectors. The team is especially active in judicial restructuring mandates, often advising on debt restructurings, challenges to liability and payment of debts, and negotiations with third parties. Drawing on the firm’s stellar transactional capabilities, the team also shines in distressed deals. The group is jointly led by Renato Maggio, who maintains a broad practice focused on restructuring transactions, extrajudicial recoveries and special situation cases, and Renata Martins De Oliveira, commended for her ‘great litigation skills’ which she employs in insolvency and reorganisation disputes. In addition, Adriano Schnur is a contact for transactional work, with a special focus on the transport and logistics industries. Camilo Torres Gerosa Gomes has been praised for being ‘prepared to tackle complex cases’, debt restructurings, distressed fundraisings and extrajudicial recoveries. Marcos Costa is another key member of the team, who has recently advised on judicial reorganisations in the retail, mining and outsourcing sectors.

Noted for its grasp of ‘complex issues’, Pinheiro Neto Advogados‘ restructuring and insolvency team is regarded for its capacity to represent major creditors in complex and novel insolvency mandates, including cross-jurisdictional cases. Reflecting the firm’s full-service structure, the department offers support in a range of contentious and non-contentious matters, including large-scale judicial reorganisations, bankruptcy liquidation proceedings, out-of-court negotiated arrangements and distressed deals. The team often represents some of the largest actors in the financial, energy, retail, aviation, telecoms, construction and natural resources industries. The practice includes Giuliano Colombo, whose broad expertise includes judicial and extrajudicial reorganisations, insolvency advice to debtors, creditors, directors and shareholders, and distressed investments. André Moraes Marques is a specialist in debt recovery and renegotiation, and is highly active in corporate reorganisations and bankruptcy proceedings. Thiago Braga Junqueira has advised on restructuring mandates in the construction, energy, telecoms and agribusiness sectors. Carolina Kiyomi Iwamoto is another name to note for high-stakes debt restructurings. Luiz Fernando Valente de Paiva left the firm in December 2023.

Thomaz Bastos, Waisberg and Kurzweil Advogados‘ restructuring and insolvency team is composed of ‘highly qualified and ethical professionals’, who are proficient in representing debtors, creditors and investors in highly complex and sophisticated mandates, including both in-court and extrajudicial reorganisations. With a strong following of both local and international clients, most notably from the financial services, agribusiness, energy and retail sectors, the department routinely operates in multi-stage, cross-jurisdictional mandates requiring expertise in debt recovery, negotiation and liquidation proceedings, distressed M&A and funding transactions. The practice is currently led by several of its most experienced partners, who are noted for being ‘very complementary in handling the cases’. Joel Luís Thomaz Bastos is highly experienced in debt restructurings, requiring both judicial and extrajudicial negotiation. The ‘reliable and direct’ Ivo Waisberg is proficient in contentious insolvency matters, as well as in the acquisition and divestment of insolvent companies and distressed assets. Bruno Kurzweil de Oliveira handles domestic and international corporate reorganisations and debt restructurings, while Gilberto Gornati is noted for his experience in bankruptcy cases, distressed deals, and corporate restructurings. Also recommended are the ‘super proactive’ Herbert Morgenstern Kugler and Adriana Dias de Oliveira, praised for her ‘great technical knowledge’. Lucas Rodrigues do Carmo is especially active in the drafting of complex debt restructuring plans and negotiations with creditors.

Bermudes Advogados is highly active in complex disputes in the context of high-value judicial reorganisations and insolvency proceedings in a range of industries. With a strong following of creditor and debtor clients, the team is well positioned to advise on debt restructurings and credit recovery. Focused on contentious restructuring mandates, Marcelo Lamego Carpenter has a longstanding reputation in the market. He oversees the team that also includes Ricardo Loretti and Thaís Vasconcellos de Sá, both of whom are skilled in bankruptcy proceedings.

A popular choice for domestic and foreign debtors and creditors, Galdino, Pimenta, Takemi, Ayoub, Salgueiro, Rezende de Almeida‘ restructuring and insolvency practice is noted for its capabilities in ‘strategic and highly complex litigation matters’. The team excels in representing clients from the energy, financial services, construction, and retail industries, and, in addition to litigation services, offers advice on non-contentious matters, such as distressed transactions and out-of-court corporate restructurings. Founding partner Flavio Galdino holds nearly three decades' experience in judicial insolvencies, Rafael Pimenta has a wealth of experience in dispute resolution. Eduardo Takemi Kataoka is another contact for judicial insolvency and restructuring proceedings. The aforementioned practitioners oversee the practice with litigation specialists Luiz Roberto Ayoub and Gustavo Salgueiro, and  Diogo Rezende de Almeida, a key contact for creditors.

Domestic and international clients from an array of industries, including financial services, technology and retail, regularly turn to Lefosse Advogados for its strong track record in insolvency mandates requiring a range of contentious and non-contentious expertise. The practice is adept at representing creditors, debtors and investors in complex judicial restructuring proceedings, extrajudicial negotiations and distressed transactions. Practice leader Roberto Zarour handles a mix of debt restructuring, financing and capital markets deals.  Fábio Rosas has substantial experience in judicial and extrajudicial reorganisations, often acting for creditors, lenders and investors. José Luis de Rosa is especially active in distressed asset transactions in the context of insolvencies; Felipe Camara also focuses on non-contentious matters.

Boutique firm Mange Advogados is well versed in handling complex judicial restructuring mandates for a range of clients, but particularly stands out for its experience in the real estate and manufacturing sectors. The team offers advisory, litigation and transactional services, including distressed deals and out-of-court reorganisations, to a variety of debtors. With over four decades’ experience in this space, founding partner Renato Mange is at the helm of the practice. Also overseeing the department are partners Walter Vieira Filho, Luciano Guimarães da Silveira, and Eduardo Mange, the latter of whom has recently advised on several proceedings in the manufacturing sector.

Recommended for its ‘in-depth knowledge’, Mattos Filho‘s restructuring and insolvency team acts for a range of creditors and investors in judicial reorganisations, most recently proceedings in the retail, telecoms, mining and financial industries, out-of-court restructurings, as well as transactions in the context of insolvencies. The latter is a key area of focus for Marcelo Ricupero, who has a wealth of experience in debt restructurings and distressed deals. Alex Hatanaka is proficient in disputes relating to the financial sector and capital markets. Additionally, Frederico Kerr Bullamah is highly active in matters involving debt restructurings, and Stefano Motta is noted for his ‘huge command of legal issues’ in the context of bankruptcy proceedings, out-of-court reorganisations and credit recovery.

Veirano Advogados frequently acts in complex judicial restructuring proceedings, including both local and cross-jurisdictional mandates. Debtors and creditors, including banks, indenture trustees, debenture holders and bondholders, as well as suppliers and investors routinely seek the practice's advice on judicial insolvencies, distressed M&A and debt issuance. The team is jointly led by Julia Tamer Langen, who is lauded for her ‘high technical knowledge’ and capacity to ‘serve with great efficiency and flexibility’, and Ricardo Gama, who is highly experienced in contentious matters in this space.

Cescon Barrieu handles the full range of bankruptcy and insolvency matters, from large judicial proceedings to special situations deals, credit recovery, distressed M&A and litigation in the context of bankruptcies. Debtors, creditors, shareholders and investors all turn to the team for assistance with cross-border restructurings, with recent examples in the mining, oil and gas, transport and telecoms industries.  Alexandre Barreto, who brings together expertise in banking, finance, capital markets, insolvency and restructuring matters, rand Cinthia de Lamare, a name to note for contentious matters in the context of bankruptcy and reorganisation proceedings, jointly lead the group. Recently promoted partner Esther Slud and Daniel Longa, who joined from BTG Pactual in May 2023 bringing a wealth of experience in special situations and transactions involving distressed assets, are also part of the core team.

Commended for ‘in-depth technical knowledge’, Demarest Advogados‘ insolvency and restructuring team is retained by debtors and creditors alike seeking assistance with dispute resolution and transactional matters in the context of reorganisations and insolvencies. The team has been particularly active in proceedings in the the forestry, retail, telecoms, construction and automotive industries, and often acts for investors in distressed debt trading and securities issues as well as in the acquisition of claims and distressed M&A. Lead partner Guilherme Fontes Bechara, 'one of the best restructuring and insolvency lawyers in the country', has advised on major bankruptcies and out-of-court restructurings.

Dias Carneiro Advogados‘ restructuring and insolvency practice is recommended for its experience in assisting with ‘technical insolvency queries covering cross-border litigation matters’. The team offers representation to a client base predominantly made up of creditors and investors, who turn to it for advice on judicial reorganisation proceedings, bankruptcy cases and out-of-court debt restructurings. The group is led by Laura Mendes Bumachar, recognised as a ‘leading expert in the field of insolvency litigation’. Senior associate Bruno Gozzi is highly active in judicial reorganisation proceedings, with recent highlights including matters related to the retail, natural resources, and chemicals sectors.

With extensive experience in acting for creditors, Pinheiro Guimarães excels in major debt refinancing and restructuring transactions, though it is also skilled in representing a series of actors, including bondholders and claimholders, in judicial reorganisations and insolvency proceedings. The team is jointly led by Gustavo Mota Guedes, who possesses an impressive track record in high-profile bankruptcy and restructuring cases, and the ‘tenacious’ Guilherme Vaz, another name to note for complex litigation in this space. Drawing on his strong background in M&A and private equity, Sérgio Ramos Yoshino handles debt restructuring transactions and distressed deals.

Bringing together experience in litigation, banking and finance, and M&A, the team at Stocche Forbes Advogados is adept at representing clients - including domestic and international creditors - in insolvency proceedings. The department’s workload not only features judicial reorganisations within the mining, sugar and ethanol and retail sectors, but also includes the acquisition of distressed assets and DIP financings. The group is led by Teo Silva Galvão and corporate and debt restructuring specialist Guilherme Gaspari Coelho, who acts for creditors and bondholders in recapitalisations, judicial and extrajudicial restructurings and other special situations. Senior associate Camila Manso, who recently returned to the firm, advises on debt restructurings, judicial and out-of-court reorganisations and liquidations.

ASBZ Advogados‘ restructuring and insolvency team often acts for financial institutions, investors, bondholders and funds in judicial and out-of-court reorganisations, liquidations, credit recovery matters and assets repossession, with special emphasis on the agribusiness, real estate and construction sectors. The breadth of the team’s expertise is reflected in the diverse experience of its co-heads: Bruno Delgado Chiaradia regularly advises creditors on bankruptcy and credit recovery proceedings; Aitan Canuto Cosenza Portela handles restructuring and repossession lawsuits; Milena Meyknecht focuses on credit recovery cases; and Alexandre David is a name to note for transactional matters.

Castro Barros Advogados‘ insolvency and restructuring team has extensive experience in advising clients, most notably creditors, on court-supervised restructurings, bankruptcy proceedings, administrative liquidation matters and distressed deals. Practice head Alexandre Catramby is recommended for credit recovery mandates and litigation. Olympio De Carvalho E Silva and Jose Augusto Leal are widely experienced in disputes arising from judicial restructurings and bankruptcy proceedings, while Rodrigo Gonçalves Lima de Mattos has a strong background in credit recovery.

Frequently seen representing both debtors and creditors, Leite, Tosto e Barros Advogados Associados is adept at advising clients on all stages of bankruptcy and restructuring proceedings, including judicial recovery, mediation and extrajudicial negotiations. The team is under the joint leadership of four practitioners. Rodrigo Quadrante has recently handled several mandates in the infrastructure sector, while Paulo Guilherme Lopes, Patricia Rios, Bruno Chechetti stand out for their dispute resolution skills.

Noted for its ‘unique strategic vision and first-rate service’ , the insolvency and restructuring team at Petribu, Cabrera, Pires de Mello is proficient in complex reorganisation mandates, covering both court-supervised and extrajudicial proceedings. The department’s expertise extends to credit recovery, transactions involving distressed assets, and litigation in the context of restructuring matters, with a particular focus on the agribusiness sector. Ben-Hur Cabrera Filho is experienced in judicial credit recovery and debt restructuring, while Henrique Petribu Faria handles both contentious and non-contentious work. Rodrigo Pires de Mello and Guilherme Oliveira Afonso are other key contacts for credit recovery mandates.

With a strong following of both debtors and creditors, Souto Correa Advogados handles judicial and extrajudicial reorganisations, bankruptcy and liquidations in a diverse range of industries, most notably agribusiness and technology. Credit recovery and transactions involving distressed assets are other areas of activity for the team, which is led by Gilberto Deon Corrêa Júnior, noted for his ‘extensive experience in judicial recovery’ matters. Luis Felipe Spinelli handles both transactional matters and judicial restructurings, while Rodrigo Tellechea is noted for his strong performance in disputes in this space.

The restructuring team at Souza Araujo Butzer Zanchim Advogados – SABZ Advogados is well positioned to offer comprehensive services in the context of ongoing insolvencies. Showcasing particular strength in the real estate, construction and infrastructure segments, the group handles contentious and non-contentious mandates, including judicial reorganisations and debt restructurings. The team is led by litigator Paulo Doron Rehder De Araujo; Kleber Luiz Zanchim, who focuses on real estate and insolvency matters; and Renan Soares, a name to note for debt restructuring, out-of-court negotiations and judicial reorganisations.

Led by Liv Machado Fallet, who has a wealth of experience in judicial recovery and restructuring proceedings, the insolvency team at Tauil & Chequer Advogados is adept at handling a range of insolvency matters, from credit recovery to distressed deals. Financial institutions, investors and debtors turn to the group for assistance with both contentious and non-contentious mandates, including bankruptcy proceedings, debt restructuring and refinancing, as well as bankruptcy-related litigation.

Focused on credit restructuring, reorganisations and insolvency proceedings, the group at Trench Rossi Watanabe is a key port of call for investors and creditors present in an array of industries, most notably consumer goods. The team is experienced in litigation in the context of court-supervised restructurings, but has also worked on extrajudicial reorganisations, including those requiring multijurisdictional knowledge. The team is jointly led by Gledson Camposand Giuliana Schunck, both of whom have a strong track record in lawsuits involving judicial recovery, bankruptcy and insolvency. Additionally, the 'proactive and responsive’ Mariana Conrado handles both litigation matters in this space as well as transactions involving the acquisition of distressed assets.

Founded in December 2022 by former Veirano Advogados partner Paulo Fernando Campana Filho and João Ricardo Pacca, Campana Pacca Advogados is home to an insolvency team that is acting for an increasing number of clients - including debtors, creditors and investors - from the financial, agribusiness, energy, aviation and infrastructure industries. The team is adept in both insolvency litigation, as well as extrajudicial negotiation of agreements in debt restructuring and credit recovery. Both practice heads bring a wealth of experience in debt restructuring, distressed investments, asset recovery and more.

Often engaged in insolvency matters pertaining to distressed investments, FASV Advogados is well positioned to offer both litigation and transactional services in the context of judicial reorganisations. The team is especially active in insolvency proceedings in the infrastructure, energy, agribusiness,  and construction sectors, where it advises debtors and investors. Alexandre Faro, who excels in judicial and out-of-court reorganisations, distressed deals and related litigation, jointly oversees the group with Gabriel Antonio Soares Freire, who focuses on distressed asset investments and debt restructuring.

A variety of stakeholders, including creditors, debtors, investors and judicial trustees, routinely seek Ferro, Castro Neves, Daltro & Gomide Advogados' representation in high-profile judicial reorganisation proceedings. In addition to its strong capabilities in court-supervised matters, the team also frequently offers support in extrajudicial restructurings, with notable recent highlights in the mining, retail, energy and transport sectors. The team is led by insolvency specialists Daltro Borges, a key contact for creditors, debtors and investors, including private equity and distressed assets funds, and Eduardo Pecoraro. Thiago Peixoto Alves and Marcos Pitanga, who advise on judicial reorganisation cases, jointly coordinate the group with Borger and Pecoraro.

Boutique LMorato Advogados possesses a wealth of experience in judicial restructuring, credit and asset recovery mandates. The team is also skilled in matters of a transactional nature, including distressed M&A and investments, such as DIP and exit financings. Leonardo Morato, who boasts over 25 years of experience in insolvency and restructuring matters, including debt restructuring, distressed deals and special situation cases, oversees the group. Renan Arcaro often advises on litigation and bankruptcy proceedings.

Active in a range of industries, such as agribusiness, energy and insurance, the restructuring and insolvency team at PGLaw is skilled at representing both debtors and investors. The team’s expertise includes the drafting and negotiation of restructuring plans, distressed deals and litigation related to bankruptcy and court-supervised reorganisation proceedings. The team is led by two restructuring and insolvency experts: Thomaz Luiz Sant’Ana is often instructed by clients from the agribusiness and energy sectors, while Maria Fabiana Seoane Dominguez Sant’Ana is especially active in the sugarcane mills segment. Both are proficient in judicial extrajudicial insolvency mandates, debt restructuring, and credit recovery.

With a breadth of experience in judicial and out-of-court restructuring matters, Rayes e Fagundes acts for a varied client roster made up of creditors, investors, shareholder, and directors. The department, which has a strong presence in the banking, software, technology, logistics, and life sciences sectors, is also engaged in debt restructuring and purchase and sale deals involving distressed assets and special situations. The team is led by litigation expert Eduardo Vital Chaves, Ligia Azevedo Ribeiro Sacardo, a contact for creditors, and has offered her services in insolvency litigation and advisory roles for over 10 years, and Renata Cavalcante de Oliveira, who advises on judicial restructurings and credit recovery lawsuits.

Standing out for its presence in the agribusiness sector, Santos Neto Advogados handles an array of bankruptcy, liquidation and insolvency proceedings, both in an out of court. Domestic and international clients, including debtors, creditors, and investors, regularly turn to the team, whose expertise also extends to distressed transactions. The practice is led by Fernando Bilotti Ferreira, who concentrates on dispute resolution, restructuring and insolvency matters, and Vivian Castellan Bernardino, who advises on credit recovery and structured finance transactions.

TozziniFreire‘ insolvency and restructuring team has grown following the return of insolvency specialist Gabriela Martines, who joined from Itaú BBA, bringing a wealth of experience in the implementation of debt renegotiation structures of banking products in local and foreign currency. The group acts for a variety of clients, including creditors, investors and suppliers, in a broad spectrum of industries, such as advertising, telecoms, technology and retail. The team has demonstrable experience in handling judicial reorganisation matters, particularly in areas concerned with the status of credit. Martines leads the practice with Flávia Cristina Moreira de Campos Andrade, who is experienced in restructuring matters requiring transactional and financial expertise.