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Judicial reorganization requests drop in 2021 to its lowest since 2014 in Brazil

RIO DE JANEIRO, BRAZIL - The number of judicial reorganization requests for companies in the second year of the novel coronavirus pandemic fell by 24.4% nationwide compared to 2020, the first year of the disease and when there was a 15% drop from the previous year, according to data from SERASA Experian.

In all, the courts recorded 891 requests last year, compared to 1,179 in 2020. "The year 2021 closed with the lowest number of requests since 2014," report Guilherme Macêdo and Uri Wainberg, partners at Marcello Macêdo Advogados, a law firm specializing in corporate reorganization.

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