Introduction

Right after the economic crisis of 2002, the National Congress enacted different laws which main purpose was to minimize the negative effects of the crisis over the companies in default after the termination of the convertibility regime. The most controversial matter was the amendment to the Bankruptcy Act, especially in relation to the regulation of the reorganization process ("Concurso Preventivo"). The debate concluded with the enactment of the Emergency Legislation , which introduced important amendments to the Bankruptcy process. Among other issues, this ...