Banks speed up restructuring processes to avoid court fights
Banks and asset managers are starting to renegotiate debts of companies impacted by the covid-19 pandemic whose operations are considered economically feasible. The group includes fashion retailer Restoque, which signed an extrajudicial recovery plan, and Intercement, which issued bonds to extend and restructure financial obligations. Banks have been extending terms and offering grace periods since the beginning of the crisis to avoid worsening the situation as...
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