“The real estate market in Brazil is going through a severe crisis, which has resulted in large developers filing for judicial reorganisation. Usually, a judicial reorganisation request encompasses not only the developer but also all the companies of its corporate organisation. In this sense, the developer is generally part of a larger corporate structure formed by a holding company, with participation in specific purpose companies sociedades de propósito específico (SPEs)), which are the projects themselves. Thus, the projects are all included in a singlejudicial reorganisation request”.

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“The real estate market in Brazil is going through a severe crisis, which has resulted in large developers filing for judicial reorganisation. Usually, a judicial reorganisation request encompasses not only the developer but also all the companies of its corporate organisation. In this sense, the developer is generally part of a larger corporate structure formed by a holding company, with participation in specific purpose companies sociedades de propósito específico (SPEs)), which are the projects themselves. Thus, the projects are all included in a singlejudicial reorganisation request”.

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