Brazilian Bankruptcy Law definition

Brazilian Bankruptcy Law means Brazilian Federal Law no. 11,101 of February 9, 2005, as amended from time to time.
Brazilian Bankruptcy Law has the meaning specified in the introductory paragraph hereof.
Brazilian Bankruptcy Law means Law No. 11,101, of 9 February 2005, as amended.

Examples of Brazilian Bankruptcy Law in a sentence

  • This Agreement does not and shall not be deemed to grant any undue advantage or consideration to the Investors to their sole advantage or to the detriment of other creditors of the Debtors for the purposes of sections 168 and 172 of the Brazilian Bankruptcy Law.

  • This Agreement does not and shall not be deemed to grant any undue advantage or consideration to the Consenting Stakeholders and Shareholders to their sole advantage or to the detriment of other creditors of the Filing Entities for the purposes of sections 168 and 172 of the Brazilian Bankruptcy Law.

  • According to the Brazilian Bankruptcy Law, the automatic stay cannot be extended.

  • In: ELIAS, Luis Vasco (coord.) 10 years of Brazilian Bankruptcy Law: reflections on companies restructuring in Brazil.

  • The Brazilian Bankruptcy Law provides specific duties to be observed in such proceedings: assisting the court and the trustee; providing information, documents and financial statements; and several other obligations.

  • In the GCM held on December 19 and 20, 2017, Creditors that were present or validly represented at the GCM negotiated with the Debtors to make certain revisions to the amended plan of reorganization filed with the Judicial Reorganization Court on December 12, 2017 and the requisite majorities of each class of Creditors voted to approve the RJ Plan pursuant to Chapter II, Section IV of the Brazilian Bankruptcy Law.

  • The Brazilian Superior Court of Justice continues to consolidate case-law to decide disputes arising from the Brazilian Bankruptcy Law (Federal Law number 11.101/2005).

  • Article 64 of the Brazilian Bankruptcy Law provides, with certain exceptions that do not apply, that “[d]uring the in-court restructuring procedure, the debtor and his officers shall be kept in the management of the business activity, overseen by the Committee, if any, and by the judicial administrator.” (AAX 20, at Art.

  • The Brazilian Bankruptcy Law adopts the territoriality principle and provides no solution for international/cross-border issues.

  • REFERENCES [1] Arau`jo, A., Ferreira, R., Funchal, B., 2011, “The Brazilian Bankruptcy Law Experiment”, Unpublished manuscript.[2] Acharya, V., Subramanian, K., 2009, “Bankruptcy Codes and Innovation”, Review of Fi- nancial Studies, 22(12), 4949-4988.[3] Acharya, V., Sundaram, R.

Related to Brazilian Bankruptcy Law

  • Bankruptcy Laws has the meaning specified in Section 10.9.

  • Bankruptcy Law means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

  • Spanish Insolvency Law means the restated text of the Spanish Insolvency Law (Ley Concursal) approved by the Royal Decree-Legislative 1/2020, of 5 May, as amended from time to time.

  • Insolvency Laws The Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Insolvency Law means the Bankruptcy Code and all other applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, suspension of payments and similar debtor relief laws from time to time in effect affecting the rights of creditors generally.

  • Applicable Insolvency Laws means all Applicable Laws governing bankruptcy, reorganization, arrangement, adjustment of debts, relief of debtors, dissolution, insolvency, fraudulent transfers or conveyances or other similar laws (including, without limitation, 11 U.S.C. Sections 544, 547, 548 and 550 and other “avoidance” provisions of Title 11 of the United States Code, as amended or supplemented).

  • U.S. Bankruptcy Code means Title 11 of the United States Code, as amended, or any similar federal or state law for the relief of debtors.

  • Federal Bankruptcy Code means the Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  • Insolvency Act means the Insolvency Xxx 0000;

  • Debtor in bankruptcy means a person that is the subject of:

  • Debtor Relief Law means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Bankruptcy Code means Title 11 of the United States Code.

  • Federal Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Involuntary Bankruptcy means, with respect to any Person, without the consent or acquiescence of such Person, the entering of an order for relief or approving a petition for relief or reorganization or any other petition seeking any reorganization, arrangement, composition, readjustment, liquidation, dissolution or other similar relief under any present or future bankruptcy, insolvency or similar statute, law or regulation or the filing of any such petition against such Person which order or petition shall not be dismissed within 90 days or, without the consent or acquiescence of such Person, the entering of an order appointing a trustee, custodian, receiver or liquidator of such Person or of all or any substantial part of the property of such Person which order shall not be dismissed within 90 days.

  • United States Bankruptcy Code means the Bankruptcy Reform Act of 1978, as amended and as codified in Title 11 of the United States Code, as amended from time to time hereafter, or any successor federal bankruptcy law.

  • Insolvency or Liquidation Proceeding means, with respect to any Person, any liquidation, dissolution or winding up of such Person, or any bankruptcy, reorganization, insolvency, receivership or similar proceeding with respect to such Person, whether voluntary or involuntary.

  • Bankruptcy means, with respect to any Person, if such Person (i) makes an assignment for the benefit of creditors, (ii) files a voluntary petition in bankruptcy, (iii) is adjudged a bankrupt or insolvent, or has entered against it an order for relief, in any bankruptcy or insolvency proceedings, (iv) files a petition or answer seeking for itself any reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, (v) files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against it in any proceeding of this nature, (vi) seeks, consents to or acquiesces in the appointment of a trustee, receiver or liquidator of the Person or of all or any substantial part of its properties, or (vii) if 120 days after the commencement of any proceeding against the Person seeking reorganization, arrangement, composition, readjustment, liquidation or similar relief under any statute, law or regulation, if the proceeding has not been dismissed, or if within 90 days after the appointment without such Person’s consent or acquiescence of a trustee, receiver or liquidator of such Person or of all or any substantial part of its properties, the appointment is not vacated or stayed, or within 90 days after the expiration of any such stay, the appointment is not vacated. The foregoing definition of “Bankruptcy” is intended to replace and shall supersede and replace the definition of “Bankruptcy” set forth in Sections 18-101(1) and 18-304 of the Act.

  • Local Bankruptcy Rules means the Local Rules of Bankruptcy Practice and Procedure of the United States Bankruptcy Court for the District of Delaware.

  • Bankruptcy Act means the Bankruptcy Act or Title 11 of the United States Code.

  • Voluntary Bankruptcy has the meaning set forth in the definition of “Bankruptcy.”

  • Bankruptcy Proceeding means any case, action or proceeding before any court or other Governmental Authority relating to any Bankruptcy Event.

  • Debtor Relief Laws means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

  • Bankruptcy Proceedings has the meaning set forth in clause (b) of paragraph 9 hereof.

  • Insolvency Proceedings means, with respect to any Person, any case or proceeding with respect to such Person under U.S. federal bankruptcy laws or any other state, federal or foreign bankruptcy, insolvency, reorganization, liquidation, receivership or other similar laws, or the appointment, whether at common law, in equity or otherwise, of any trustee, custodian, receiver, liquidator or the like for all or any material portion of the property of such Person.

  • Bankruptcy Party has the meaning assigned in Section 9.7.

  • Insolvency with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.