Rontan Group’s $191 Million Recovery Plan

Felsberg Advogados advised Rontan Group on the restructuring

Creditors of the Rontan Group, one of the main players in the automotive transformation sector, approved on Thursday, December 20th, the Judicial Recovery plan presented by the company, during a meeting held in the city Tatuí, state of São Paulo.

Rontam has been in judicial restructuring since February 2017, with an accumulated debt of BRL 750 million. The company resumed its activities even during the recovery process, being able to attend all the clients’ requests.

The decision of the creditors will still have to undergo judicial approval, which should occur soon after the end of the forensic recess in February.

Felsberg Advogados advised Rontan Group with a team including Thomas Felsberg (Picture), Fabiana Solano, André Drumon, Marina Clemente, Frederico Paiva and Melina Fernandes (Bankruptcy/Restructuring & Insolvency), Mauricio Pepe de Lion and Tamara Gustinelli (Employment).

Involved fees earner: Thomas Benes Felsberg – Felsberg Advogados; André Drumon – Felsberg Advogados; Tamara Gustinelli – Felsberg Advogados; Frederico Paiva – Felsberg Advogados; Mauricio Pepe de Lion – Felsberg Advogados; Fabiana Solano – Felsberg Advogados;

Law Firms: Felsberg Advogados;

Clients: Rontan Eletro Metalurgica Ltda.;

Author: Ambrogio Visconti.