A string of court-supervised reorganizations involving major companies and the liquidation of financial institutions in Brazil has put the spotlight on the role of independent monitoring agents who oversee a company’s finances and operations in real time. Dubbed a “watchdog” in the Brazilian context, this professional provides an additional layer of oversight, particularly over financial and operational matters. Their role is distinct from that of a court-appointed trustee, as they are often selected at the request of creditors. By monitoring a company’s finances in real time, they work to make sure operations and cash flows are being properly managed.
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