The Bankruptcy Reinstatement, as an effective measure for the protection and financial reorganization of companies facing crisis, will enable them to have new payment terms and negotiation with creditors. In December 2020, the New Law of Bankruptcy Reinstatement was sanctioned (Law 14.112/2020), through changes in the previous Law of Bankruptcy Reinstatement (Law 11.101, dated 2005), which effectively entered into force on January 23, 2021, and presents important changes within the ambit of the Reinstatements.
Among the main changes, it must be highlighted: new implications concerning the adjudication of bankruptcy or to grant the reinstatement; changes in the deliberation of the Creditors’ General Meeting; settlement of the parties and mediations antecedent or incidental to the reinstatement; financing of the debtor, during the reinstatement; and new procedural facility.