Brazil’s Court Watchdog Freezes the 21-Year Banco Santos Bankruptcy
Brazil's watchdog froze Banco Santos bankruptcy, ousted 30+ administrators over $2.3B in missing assets, an off-book cash pool, and a...
July 13, 2026Topic
bankruptcy
In bankrupt Sri Lanka, people face hunger and death, ex PM must hide and military has order to shoot “lawbreakers” on sight
Sri Lanka's former Prime Minister Mahinda Rajapaksa must fear for his safety and is hiding in a military base. Enraged...
May 12, 2022
Brazil’s Azul to Buy Part of Avianca’s Assets for US$105 Million
Brazilian airline Azul announced Monday it had made a proposal to buy part of Avianca Brasil's operations for US$105 million.
March 11, 2019
Brazil Lifts Foreign Participation Limits on Aviation Industry
Brazil’s President, Michel Temer, lifted on Thursday restrictions to foreign capital participation in Brazilian airline companies
December 14, 2018
Brazil’s Bankrupt Oi Fined for Selling Assets Without Approval
The company's problems continue as rumors of a possible government intervention were reinforced by statements made by Communications Minister Gilberto...
April 7, 2017
Brazil Registers Record Judicial Recovery Filings in 2016
From construction companies, to financial trading firms to amusement parks, 2016 saw many companies, big and small, struggling to stay...
January 13, 2017
Oi TelCom in Brazil Loses Two Top Executives Amidst Bankruptcy
Amidst criticism of its latest recovery plan, the company's CFO and a board member resign.
September 13, 2016 Telecom Oi Files for Largest Ever Judicial Recovery in Brazil
The judicial recovery of Telecom Oi request is said to be the largest in Brazil’s history.
June 21, 2016
Record Number of Brazilian Firms File for Judicial Recovery
Judicial recovery requests in Brazil increased by 95 percent in the first five months of the year.
June 7, 2016