Companies at risk will be forced to renegotiate debt

Companies in difficult economical situations will be "forced" to apply to "extrajudicial settlements" in case of alarm in order to renegotiate their debts, tells Jornal de Negócios newspaper which heard Pedro Cassiano Santos on the matter. Vieira de Almeida & Associados (VdA)'s partner in charge of the Banking & Finance and Capital Markets areas of practice explains that, in his opinion, "there is a clear will to accelerate the companies' recovery proceedings, whenever that is possible, or to reduce obstacles to the voluntary debt restructuring".