[vc_row el_id=”post”][vc_column width=”2/3″ el_class=”sideLeftPost”][vc_raw_html el_id=”postImgDestaque”]JTNDZGl2JTIwY2xhc3MlM0QlMjJpbnNlcnRJbnNpZGUlMjIlM0UlM0MlMkZkaXYlM0U=[/vc_raw_html][vc_column_text]Law student Marcos Dias de Oliveira published an article in the Central Bank Attorney General's Office magazine last Wednesday (17). The article is titled “Advances on Exchange Contracts: special privileged, unsecured or non-bankruptcy credits?”. Check out the summary of the publication and the link to the full article below.
ABSTRACT
There has been much discussion regarding the nature of advances on foreign exchange contracts (ACC) when they are held by a company undergoing bankruptcy proceedings. While financial institutions argue that these constitute their own resources held by the bankrupt – a position agreed upon by the Superior Court of Justice (STJ) in issuing Ruling No. 307 – some legal scholars believe they are credits that should form part of the bankruptcy estate. The objective of this article is to present the arguments of both positions and suggest criteria for addressing ACCs. The development of the discussion points to disagreement with the content of Ruling 307. In conclusion, it is suggested that the rule requiring ACCs to be returned before the payment of any bankruptcy credit challenges the constitutional principles of equality, procedural efficiency, and business preservation, and advocates for their classification as unsecured credits.
Keywords: Bankruptcy. Credit classification. Foreign exchange contract advances. STJ Precedent 307. css=”.vc_custom_1540318132972{padding-top: 30px !important;}”][/vc_column][vc_column width=”1/4″ el_class=”sideRightPost”][vc_widget_sidebar sidebar_id=”sidebar”][/vc_column][/vc_row][vc_row full_width=”stretch_row” equal_height=”yes” el_id=”courses-page-box-5″ css=”.vc_custom_1526064800224{margin-top: 0px !important;margin-bottom: 0px !important;background-image: url(http://homologacao.idp.edu.br/wp-content/uploads/2018/02/bn_contato_idp-1980×300-1.jpg?id=5274) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}” el_class=”postCTA”][vc_column][themeum_action alignment=”left” title=”STILL HAVE QUESTIONS?” title_style=”customstyle” title_heading=”h2″ title_size=”20″ title_color=”#ffffff” title_weight=”800″ title_margin=”53px 0 0″ title_padding=”0″ btn_position=”btnright” btntext=”CONTACT US” btnurl=”/contact/” btntype=”white” btnsize=”btn-lg”][/vc_column][/vc_row]
