Souto Correa and Galdino & Coelho also advised Ecovix.
Ecovix is a Brazilian shipbuilder that has been designing and building structures dedicated to maritime operations since 2010. The company’s past projects include the Rio Grande Shipyard. However, Ecovix faced economic and financial difficulties, which led it to file for judicial reorganisation in the Court of Rio Grande do Sul Estate in December 2016 with a debt of close to BRL 8 billion. The reorganisation plan was approved by a general meeting of creditors in July 2018 and confirmed by the Court in August 2018.
Prior to the general meeting of creditors, Ecovix presented an amendment to the judicial recovery plan and completed the negotiations that resulted in its approval at the meeting. The amendment allows the company to diversify its business model while honouring its payments.
FASV advised Ecovix with a team led by partner Alexandre Gereto Judice de Mello Faro.
