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Brazil's Minister Says Government to Submit New Bankruptcy Rules Soon

Submitted by jhartgen@abi.org on

Brazil’s government is about to submit new bankruptcy rules to Congress, Finance Minister Henrique Meirelles said yesterday, Reuters reported. He also reiterated the need for a proposed pension overhaul for greater fiscal discipline. Meirelles said that Brazil has begun to grow after its worst recession on record, but that prices do not yet reflect a full recovery — making this a good opportunity for companies to boost their investments in the country.