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OPINION. A Korean giant went bankrupt in Brazil. The behind-the-scenes situation is frightening.

Foreign investment is only sustained and yields economic results when it finds legal security. The disastrous scenario faced by Posco E&C Brasil (PEC Brasil) and Grupo Posco highlights how this…

  • Korean giant Posco E&C filed for bankruptcy in Brazil
  • Single lawyer's lawsuit sought over R$550M in excessive fees
  • Economic crisis, global steel slowdown, pandemic contributed to collapse

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