Bankruptcy/Restructuring

Felsberg Advogados’ Restructuring and Insolvency practice is widely regarded as one of the most active and respected in Brazil. Founded by Thomas Benes Felsberg, a pioneer in the field, the practice has played a central role in many of the country’s most significant restructuring and insolvency matters since Brazil’s current insolvency law came into force in 2005. Following the 2021 amendments, the firm has remained at the forefront of the market, advising on complex, high-stakes cases.

Judicial and extrajudicial restructurings, as well as bankruptcy proceedings, are at the core of the practice. The team represents debtors, creditors and investors in landmark matters, particularly in the retail, aviation and infrastructure sectors, and is recognized for structuring innovative recovery plans, leading complex creditor negotiations and coordinating organized creditor groups. Recent examples include Grupo Americanas, Casas Bahia and Rodovias do Tietê.

The practice also has a strong international dimension, advising foreign investors and creditors in cross-border restructurings, distressed asset acquisitions, corporate reorganizations and distressed M&A transactions. It also stands out in financing and capital markets solutions for distressed scenarios, including hybrid instruments, debt issuances and distressed debt acquisitions, with highlights such as Renova Energia and Unigel.