💥New Chapter 15 Filing - Braskem S.A.💥
Another Brazilian megacorp — and a US subsidiary! — seek chapter 15 relief
On June 26, 2026, Braskem S.A. and five affiliates (collectively, the “debtors” and together with their non-debtor affiliates, the “company”) filed long-anticipated chapter 15 recognition proceedings through their foreign representative Antonio Reinaldo Rabelo Filho (the “foreign rep”) in the Southern District of New York (Judge Wiles). A growing trend!