Detalhes bibliográficos
| Ano de defesa: |
2021 |
| Autor(a) principal: |
Grigolin, Rodrigo
 |
| Orientador(a): |
Sacramone, Marcelo Barbosa
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| Banca de defesa: |
Não Informado pela instituição |
| Tipo de documento: |
Dissertação
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| Tipo de acesso: |
Acesso aberto |
| Idioma: |
por |
| Instituição de defesa: |
Pontifícia Universidade Católica de São Paulo
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| Programa de Pós-Graduação: |
Programa de Estudos Pós-Graduados em Direito
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| Departamento: |
Faculdade de Direito
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| País: |
Brasil
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| Palavras-chave em Português: |
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| Palavras-chave em Inglês: |
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| Área do conhecimento CNPq: |
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| Link de acesso: |
https://repositorio.pucsp.br/jspui/handle/handle/24827
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Resumo: |
An efficient bankruptcy law fosters economic growth, investment levels and credit availability. At its inception, the Brazilian Law nº 11.101/2005 was a legal development since it created several asset sales arrangements. Besides, this Law tried to encompass modern legal and economic principles such as speed up procedures, efficiency, asset value maximization and credit market stimulus. In spite of that, Brazilian Bankruptcy practical results are modest. In Brazil, the Bankruptcy process has an average tenor of 9 years and a credit recovery rate of 12%. The Law 14.112/2020 revised the Law 11.101/2005 in order to speed up legal Bankruptcy procedures, mainly in the asset liquidation process phase. The new Law introduced three new incentive mechanisms that should reduce process tenors and correct distortions. Firstly, it established a maximum tenor of 180 day for the completion of asset sale. This should made asset liquidation a “mandatory and immediate” procedure. The second mechanism fosters a quick asset auction since now it is forbidden the “vile price” discussion in asset liquidations. The third mechanism should prevent auctions from suffering malicious prosecution. Currently, the auction contestant must present a firm sale offer and pledges. The Law 14.112/2020 should ease asset collection, speed up processes and increase auction efficiency and legal security for creditors and investors |
