Resumen de Colombo's Brazilian extrajudicial restructuring unpicked.
The article discusses Brazilian clothes retailer Colombo's restructuring of its 1.6 billion Brazilian reais debt considered as Brazil's largest extrajudicial reorganization signaling a creative approach to restructurings. While this deal involves huge time constraints, expedited restructurings are an important move in the right direction for Brazil with its glut of distressed companies. The deal is said to be good example of extrajudicial restructuring that should be employed more often.
