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3 results for “Court-ordered debt”

Brazil’s Supreme Court Orders Transparency Overhaul of $1.3 Billion Debt Market After Corruption Scandal
Politics• 3h ago

Brazil’s Supreme Court Orders Transparency Overhaul of $1.3 Billion Debt Market After Corruption Scandal

Brazil’s STF and CNJ announced new rules for the precatórios market to boost transparency, following a probe that canceled R$ 7 billion in irregular debt.

Judicial Crisis Deepens as Gilmar Mendes Calls for Extraordinary CNJ Probe into R$100 Billion Precatórios Fraud
PROPolitics• 5h ago

Judicial Crisis Deepens as Gilmar Mendes Calls for Extraordinary CNJ Probe into R$100 Billion Precatórios Fraud

STF Justice Gilmar Mendes has called for an expanded CNJ investigation into widespread irregularities in federal court-ordered debt payments, citing a "parasitic" scheme tied to the Banco Master Case and a potential R$100 billion fiscal hole.

PROMarkets• Aug 21

Braskem Faces August 24 Deadline on Debt Stay as $10.3 Billion Restructuring Looms

Latin America’s largest petrochemical giant, Braskem, is scrambling for a deal before a court-ordered debt stay expires, forcing a decision on a massive restructuring.