Arbitration agreement cannot override judicial competence for bankruptcy proceedings | Practical Law

Arbitration agreement cannot override judicial competence for bankruptcy proceedings | Practical Law

In Jutaí 661 Equipamentos Eletrônicos Ltda v PSI Comércio e Prestação de Serviços em Telefones Celulares Ltda, the Brazilian Superior Court of Justice (STJ) considered that bankruptcy proceedings are outside the scope of arbitration and, therefore, no arbitration clause can prevent a party filing bankruptcy in court.

Arbitration agreement cannot override judicial competence for bankruptcy proceedings

Practical Law UK Legal Update Case Report 0-525-8462 (Approx. 4 pages)

Arbitration agreement cannot override judicial competence for bankruptcy proceedings

by Eduardo Damião Gonçalves (Partner), Flávio Spaccaquerche Barbosa (Associate) and Thaysa Panza de Paula (Associate), Mattos Filho Advogados
Published on 18 Apr 2013 • Brazil
In Jutaí 661 Equipamentos Eletrônicos Ltda v PSI Comércio e Prestação de Serviços em Telefones Celulares Ltda, the Brazilian Superior Court of Justice (STJ) considered that bankruptcy proceedings are outside the scope of arbitration and, therefore, no arbitration clause can prevent a party filing bankruptcy in court.