The Government of Argentina and particularly its Ministry of Economy could not be happier with not only the result of the debt swap of the Argentine debt but with the overall state of the economy.
The Brazilian Securities and Exchange Commission (CVM) has issued Instruction No. 600, which provides for the public offering of Agribusiness Receivables Certificates (CRA) and was implemented on 1 November 2018.
Due to the current economic situation in Brazil, companies - motivated by the expensive credit or even lack of credit - are increasingly seeking alternatives to improve their cash flows.
The Commercial Code is a very old law. The bankruptcy and moratorium proceedings are not appropriate for dealing with the problems that arise in modern cases of insolvency or near-insolvency.