Clara Moreira Azzoni

Clara Moreira Azzoni


Phone: +55 (11) 3141-9142

City: São Paulo

Language: Portuguese, English and Italian

Linkedin: Clara Moreira Azzoni

Practice Areas:

  • Restructuring and Insolvency


A partner in the firm’s Restructuring and Insolvency Department, Clara has extensive experience in advising creditors, debtors and investors in judicial and extrajudicial reorganizations, bankruptcy settlements and on issues relating to insolvency. Clara has participated in some of the country’s most important insolvency cases since the entry into effect of Law 11,101/05, some of which were winners or finalists in Latin Lawyer’s annual Deal of the Year award. Clara has been recognized as Up and Coming by Chambers and as a Next Generation Partner by The Legal 500, and is also recognized by Leaders League.

Professional Associations

  • Member of the Committee on Bankruptcy Law, Institute of Lawyers of Săo Paulo (IASP)
  • Member of Center of Women in Corporate Restructuring (CMR)
  • Turnaround Management Association of Brazil (TMA Brasil)
  • Admitted to the São Paulo branch of the Brazilian Bar Association (OAB/SP)


  • Ph.D in Civil Procedural Law, USP – Universidade de São Paulo
  • LL.M. in Civil Procedural Law, USP – Universidade de São Paulo
  • LL.B., PUC-SP – Pontifícia Universidade Católica de São Paulo


  • Azzoni, Clara (2021). Chapter “A ‘nova’ recuperação extrajudicial e alienação de ativos”, in the book “Mulheres da Insolvência” coordinated by Natalia Zanata (et. al). São Paulo: Ibajud.
  • Azzoni, Clara; Costa, Thiago Dias (2021). Chapter “O fresh start empresarial – A extinção das obrigações do falido na Lei 14112/2020”, in the book Reforma da Lei de Recuperação e Falência (Lei nº 14.112/20), Vasconcelos , Ronaldo (et. al). São Paulo: Editora IASP.
  • Azzoni, Clara; Machado, Miriam (2020). Chapter “Fusões e Aquisições no contexto da Recuperação Judicial” in the book “Fusões e Aquisições em foco – uma abordagem multidisciplinar”: Coordinated by Carolina S. Sussekind, Fernanda Freitas and Flávia Cavalcanti. São Paulo. Lumen Juris.
  • Azzoni, Clara Moreira (2017). “Fraude contra credores no processo falimentar: ação revocatória falimentar e ineficácia do art. 129 da Lei de Recuperação Judicial, Extrajudicial e Falências” (book). Curitiba. Juruá.
  • Azzoni, Clara Moreira; Felsberg, Thomas Benes (2017). “Tese I – Recuperação Judicial” and “Tese II – Recuperação Judicial” In: Badaró, Gustavo Henrique; Nohara, Irene Patrícia; Warde Junior, Walfrido Jorge (Coord). Teses Jurídicas dos Tribunais Superiores. São Paulo. Revista dos Tribunais.
  • Azzoni, Clara Moreira (2015). Chapter “Impactos do novo Código de Processo Civil no processo falimentar” in the book “Repercussões do novo CPC – V.9: Legislação processual extravagante”: Coordinated by Eduardo Fonseca da Costa and Heitor Vitor Mendonça Sica. São Paulo. Juspodivm.
  • Azzoni, Clara Moreira (2009). “Recurso especial e extraordinário” (book). São Paulo. Atlas.
  • Azzoni, Clara Moreira (2009). Chapter “Distribuição do ônus probatório” in the book “A prova no Direito Processual Civil”: Coordinated by Olavo de Oliveira Neto, Elias Marques de Medeiros Neto and Ricardo Augusto de Castro Lopes. São Paulo. Verbatim.


Clara’s recent experience includes advising:

  • An energy group in its judicial reorganization proceeding, involving the restructuring of more than BRL 1 billion in debt and the sale of its corporate control;
  • The Ad Hoc group of bondholders in the judicial reorganization proceeding of a Brazilian sugar and ethanol producer;
  • A manufacturer in the oil and gas industry in its judicial reorganization proceeding, involving the restructuring of approximately BRL 500 million in debt;
  • A Brazilian industrial group in its judicial reorganization proceeding, involving the restructuring of approximately BRL 1 billion in debt; and
  • Bondholders which held a claim in the amount of USD 500 million secured by a mortgage over a Floating Production Storage and Offloading unit in matters related to the reorganization proceedings of two Brazilian oil and gas companies.

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