Securing Resources to Finance the Recovery of the Economy (Brazil)

virtual event, no cost
Thursday, January 21, 2021 (9 a.m. Brazil; 7 a.m. EST)

There is no cost for this event.  Simultaneous translation in English & Portuguese will be available.  



  • Donald Bernstein (moderator) Davis Polk & Wardwell LLP, New York
  • Shin Abe Kasumigaseki International, Tokyo
  • Guilherme Ferreira, Jive Investments São Paulo
  • Richard Gitlin, Gitlin & Company, Delray Beach


  • Thomas Felsberg (moderator) Felsberg Advogados, Sao Paolo
  • José Garrido, IMF Washington, D.C.
  • Sergio Silva de Amaral, Felsberg Advogados São Paulo
  • Bruno Laskowsky BNDES, São Paulo
  • Sergio Gusmão Suchodolski, Development Bank of Minas Gerais, São Paulo
  • Joaquim Levy, Banco Safra SA São Paulo
  • Ariane Di Iorio, IFC, Washington, D.C.

The International Insolvency Institute

The International Insolvency Institute (III) – – is a non-profit international  organisation, accredited with special consultative status with agencies of the United Nations.   Admission to membership of III is by invitation, and comprises the most senior and respected  insolvency professionals, judges and university professors in the world.  It is an active  participant in meetings of UNCITRAL on the topic of insolvency, and one of its core functions is  scholarship in its field of expertise, with the objective of improving internationally the  practices of restructuring and the recovery of financially distressed companies.

Following the onset of the COVID pandemic, III created a working group of its members to analyse  restructuring tools responsive to the economic disruption,  so as to assist the rehabilitation of  viable companies affected by the pandemic.  The III members on the working group are: US – Donald  Bernstein (David Polk & Wardwell LLP), Richard Gitlin (Gitlin & Company LLC), Lewis Kruger  (Stroock), Patrick Potter (Pillsbury Winthrop Shaw Pitmann LLP) and George Kelakos (Kelakos Advisors LLC); Brazil – Thomas Felsberg (Felsberg Advogados);  Japan – Shin Abe (Kasumigaseki International Law Office); Switzerland – Christoph Staubli (Wilder  Wyss Limited); Australia – John Martin (Norton Rose Fulbright Australia). The working group has  been greatly assisted by a senior IMF professional.

One of the objects of analysis is the Brazilian situation. Following a generic introduction  defining difficulties and solutions, analysis of experiences of Japan, the US and the IMF itself,  we propose a presentation of how such experiences could be adapted to Brazil. The event, presented  by three rapporteurs and with a duration of one hour, would be enhanced by the participation of a  panel discussion with panelists representing Brazilian and multilateral entities. The III working group therefore invites representatives of all participating institutions  and  their guests to the presentation in order to contribute to the study of sustainable solutions for  the resumption of the Brazilian economy.