[REVISION HISTORY]

Brazilian corporate judicial recovery trends

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2026-10-28 19:43 UTC → 2026-10-29 11:06 UTC · added ~~removed~~

Brazil is experiencing a significant increase in judicial recovery filings across various business scales, driven by high interest rates and restricted credit. Large companies, including Tok&Stok, Habib’s, and Casas Bahia, have entered recovery processes, while Americanas expects to exit its own by 2026. Micro and small enterprises (MPEs) are seeing a sharper surge, with a 41.4% increase in filings as of June 2026 compared to 2025. The agribusiness sector has faced intense ~~pressure, with~~ pressure. While Serasa Experian ~~reporting~~ reported 1,990 filings in 2025, a 56.4% increase over ~~2024. In Minas Gerais,~~ 2024, recent data shows a ~~grain producer recently sought judicial reorganization to manage approximately R$ 20 million~~ shift in ~~rural credit debts, citing climate-related productivity losses, falling grain prices, and rising costs. This sector's instability is reflected~~ trends. An IBPT study noted an 18.7% rise in ~~the banking industry; while major institutions grew, Banco do Brasil saw~~ agribusiness filings between 2023 and 2025, a ~~42.5% profit drop attributed~~ period linked to ~~rising rural credit delinquency, which reached 6.5% for individuals~~ a 12% reduction in ~~2025. Legal frameworks~~ sector jobs. However, Serasa Experian reported a 20.7% decrease in agribusiness recovery requests between April and ~~rulings continue~~ June 2026 compared to ~~evolve. The~~ the same period in 2025, though experts suggest this may reflect seasonality or debt renegotiations rather than improved financial health. Geographically, Mato Grosso and Goiás lead these requests. In the legal sphere, the Superior Tribunal de Justiça (STJ) has clarified that financial difficulty alone does not justify piercing the corporate veil to reach partners' assets, requiring proof of abuse under Article 50 of the Civil Code. The STJ is also deliberating whether tax transactions between debtors and public entities release banks acting as guarantors from their obligations, specifically regarding Oi’s renegotiated Anatel fines. Additionally, the National Council of Justice ordered the cancellation of R$ 4.7 billion in court-ordered debts (precatórios) within the sugar-alcohol sector due to issues regarding the liquidity and certainty of the credits. To assist smaller entities, bill PL 3068/26 is under discussion continues to ~~simplify~~ shape recovery ~~processes for small businesses with debts up to R$ 1.6 million. Recent developments include the STJ strengthening~~ frameworks. The court has strengthened the legal foundation for using cryptocurrencies in contractual relationships and judicial recoveries, allowing for the seizure of crypto-assets via exchanges. Separately, a judge in São Paulo granted a judicial recovery request for Grupo Marabraz, which faces R$ 140 million in debt reportedly linked to a family dispute among its controllers.

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