Law 11.101/2005: 21 years strengthening corporate restructuring in Brazil
The law 11.101/2005 profoundly transformed the treatment of corporate crises in Brazil. By replacing the old model, the legislation instituted more modern and efficient mechanisms for judicial reorganization, extrajudicial reorganization, and bankruptcy, with a focus on preserving the company, maintaining jobs, and maximizing the value of assets. Over more than two decades, the law has consolidated principles such as the social function of the company, procedural…