Brazilian distressed companies led the way for in-court restructurings in Latin America in 2024, with 10 of the 14 situations commenced last year. Notable cases of the region include construction conglomerate Odebrecht Engenharia e Construcao and cement maker Intercement, which involved a parallel restructuring proceeding in the Netherlands and recognition requests filed with both US and Spanish Courts. Cross-border elements were also present in the cases of Chile-based casino operator Enjoy and Brazilian restaurant group Southrock Capital, with these companies seeking international recognition of their in-court restructuring processes filed with domestic courts.