{
  "id": 8894273,
  "title": "Eduardo Munhoz, o homem mais ocupado do Brasil",
  "url": "https://urgent.news/2026/09/21/eduardo-munhoz-o-homem-mais-ocupado-do-brasil",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T09:50:55.000Z",
  "source": {
    "name": "Brazil Journal",
    "slug": "brazil-journal",
    "url": "https://braziljournal.com/eduardo-munhoz-o-homem-mais-ocupado-do-brasil/"
  },
  "original_language": "pt",
  "account": "Eduardo Munhoz, at 55, is Brazil's most busy lawyer. He has handled some of the biggest restructuring cases in the past two decades, from Eike Batista to OAS and Odebrecht. Now, Munhoz and his 25 associates are dealing with a surge in corporate crises. In recent months, they have been busier than ever, working on recoveries for companies like Raízen, Braskem and Grupo Pão de Açúcar. Raízen's case was a success - the company managed to restructure around R$66 billion in financial debts in an extrajudicial recovery. GP Agro and Braskem are still trying to complete their restructurings and avoid the crisis advancing to a RJ (Recovery Order). The common denominator among these cases is that the companies have operating businesses, but their capital structure has become inadequate for generating cash flow. Munhoz explained to Brazil Journal that the best cases to handle are those where the crisis hasn't yet affected the operation - the company is operating well, but the capital structure is inadequate. Munhoz's office is handling around 20 cases right now, always preferring the \"big and complex\" ones. The lawyer admits to working too hard and sometimes questioning if it's wrong. Before focusing on recovery and bankruptcy law, Munhoz helped draft it. His first significant contact with the topic came during the first Lula government, when Brazil was still operating under a 1945 bankruptcy law. At 33, he was invited to a commission discussing the modernization of the law. At the time, he had never handled a recovery - there were no RJs (Recovery Orders) or REs (Recovery Procedures) yet. The old system was based on concordats and bankruptcies, with little creditor participation and a heavy judiciary role. The new law, approved in 2005, changed that logic: it allowed creditors and companies to negotiate a plan to reorganize debts and save a viable business. Twenty years later, that non-existent market had turned into an industry. Major law firms created specialized areas, assessors focused on distressed debt, funds started buying credits of troubled companies, and investors began financing companies during recovery. Even banks had to change. Munhoz recalls a meeting where he heard executives from Banco do Brasil say they \"couldn't have losses.\" Munhoz responded, \"But how can you have no losses? The loss has already happened. The money no longer exists.\" Today, Munhoz says financial institutions are much more prepared to negotiate - and a previously taboo idea started to become more common: exchanging debt for shares. The best example, according to Munhoz, is InterCement. The cement company entered RJ at the end of 2024, after over a year trying to renegotiate its debt. The solution was to convert a significant portion of the debt into equity: creditors became shareholders, and the Camargo Corrêa family was diluted. Munhoz called it a high-level negotiation - \"perhaps at an international level,\" he said. \"It may have been the most successful case, from my professional experience.\" Munhoz believes the growth in extrajudicial recoveries compared to RJs shows everyone is more willing to negotiate - rather than risking in court.",
  "summary": "Quanto mais o Brasil S.A. entra em RJ, mais o telefone de Eduardo Munhoz toca. O advogado de 55 anos já pilotou algumas das maiores reestruturações das últimas duas décadas – dos negócios de Eike Batista à OAS e Odebrecht – e agora está no centro de uma nova safra de crises corporativas. Nos últimos […] The post Eduardo Munhoz, o homem mais ocupado do Brasil appeared first on Brazil Journal .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}