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Budapest Treaty
The entry into force of Brazil’s accession to the Budapest Treaty represents a significant step forward for the country’s patent system and innovation ecosystem
The possibility of judicial/extrajudicial reorganisation for companies is provided for in law (Law No. 11,101/2005) and already a reality in the market.
In simple terms, the institute enables debts to be renegotiated, allowing the debtor’s financial reorganisation and also creates the opportunity for third parties to purchase the assets of companies under judicial reorganisation, through the structuring of specific operations (with the setting up, for example, of Isolated Production Units) without any risk of succession of the debtor’s obligations (tax, employment and/or civil). Hence, the debtor company’s activities are preserved, ensuring, at the same time, liquidity for creditors holding a guarantee and legal security for investors/purchasers at the time the assets are bought.
In view of this range of opportunities and market adversities, our firm has entered into a partnership with Moraes & Savaget Advogados, combining Dannemann Siemsen’s litigating expertise with the know-how of the firm that specialises in crisis management.
