Conversão da dívida em capital como mecanismo do plano de recuperação judicial

• Ano de defesa: 2024
• Autor(a) principal: Salomão, Mariana Denuzzo
• Orientador(a): Sacramone, Marcelo Barbosa
• Tipo de documento: Dissertação
• Tipo de acesso: Acesso aberto
• Idioma: por
• Instituição de defesa: Pontifícia Universidade Católica de São Paulo
• Programa de Pós-Graduação: Programa de Pós-Graduação em Direito
• Departamento: Faculdade de Direito
• País: Brasil
• Palavras-chave em Português: Recuperação judicial; Conversão da dívida em capital; Direito dos sócios; Hierarquia entre as normas de insolvência e societária; Efeitos da conversão
• Palavras-chave em Inglês: Judicial reorganisation; Conversion of debt into capital; Partners' rights; Hierarchy between insolvency and corporate rules; Effects of conversion
• Área do conhecimento CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::DIREITO
• Link de acesso: https://repositorio.pucsp.br/jspui/handle/handle/42788

This study analyses the institute of converting debt into equity, using the mechanism of the judicial reorganisation plan submitted to the process by the debtor and the creditor. It begins by analysing the requirements for converting debt into equity, a type of conversion recently introduced into Brazilian law. Then, based on an analysis of aspects of corporate law, it assesses the effects of the conversion on the shareholders of the company in crisis, with emphasis on respect for the shareholders' essential right in the face of the conversion: the right of pre-emption, and how the corporate relationship would be treated in the event of creditors taking control of the company. In view of the impacts that shareholders may suffer from the conversion of debt into equity, we analysed in depth the hierarchy of the rules of company law in crisis and corporate law, in order to conclude whether there is a superior relationship between them or whether they are rules that should coexist. Once the harmonious relationship between the rules had been clarified, the effects of the debt conversion on the company in crisis, its creditors and shareholders were analysed, in order to conclude with proposals for lege ferenda, with a view to better dealing with situations that were not the subject of the reform that Law 11.101/2005 underwent in 2020, such as the shareholder's vote in relation to the creditors' alternative plan, the lack of an express provision for the exercise of the shareholder's right of withdrawal in a joint-stock company and the establishment of a procedure for treating the withdrawing shareholder's credit as non-recourse, establishing a procedure to prevent any kind of abuse or opportunism, given the gaps in the law