The COVID-19 pandemic has significantly affected the operations of companies across various industries and their ability to service their debt and continue paying suppliers. Aviation, tourism and entertainment were the first industries to immediately suffer the consequences of social distancing and reduced demand and revenues, but other industries are bound to soon follow. Like other crises, the COVID-19-related drop in demand has resulted and will continue to condition in complex debt restructurings and opportunities to acquire strategic assets at discount prices. Our panel of prominent Brazilian-American legal and financial leaders discussed how the lessons learned from successful and failed restructurings and distressed M&A transactions from the past can pave the way for U.S. and other foreign investors to properly protect their exposure to Brazilian companies in distress. The panel also discussed how to capitalize on opportunities to make significant profits from a company’s turnaround.
Daniel Laudisio, Partner, Cescon Barrieu
Fábio Rosas, Partner, Cescon Barrieu
Sam Aguirre, Partner, FTI Consulting
Pedro Jimenez, Partner, Paul Hastings
Jon Kellner, Partner, Paul Hastings