Social isolation obstructs bankruptcy petitions and judicial recovery02/07/2020
Por: Thomas Benes Felsberg
The pandemic directly affected numerous sectors of the economy and a great rise in the number of bankruptcies and judicial recovery requests is predictable. However, the actual context of social distancing has diminished possible actions.
In an interview with Folha de São Paulo, Thomas Felsberg analyzed that “in general, contracts state that in cases like these (of force majeure), it is possible to postpone or extinguish the obligation (debt). It happens that, if everyone tried to solve it in court, there will be judicial blackout.”
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