Transnational Insolvency: The Legal Shield for the Assets of Foreign Groups in Brazil
Transnational Insolvency: The Legal Shield for the Assets of Foreign Groups in Brazil. How Brazilian legislation protects assets and ensures the continuity of global businesses in times of crisis. In a hyper-connected global economy, large corporations maintain operations, machinery, and investments spread across various continents. However, when a foreign group […]
Cross-border insolvency
Transnational insolvency occurs when the economic and financial crisis of a company or group of companies transcends the borders of a single state and involves assets, creditors, contracts, operations, or establishments located in multiple jurisdictions. It is a complex legal phenomenon characterized by the simultaneous presence of relevant elements subject to different legal systems.
What is transnational insolvency and how is it regulated
By Vitor Antony Ferrari and Ivan Kubala* It is very common for large companies to have headquarters and assets in several countries, marketing their products and services all over the world. However, the internationalization of companies became a problem when, hit by financial crises, they filed for bankruptcy or judicial recovery. The big question was what […]