Court grants provisional U.S. stay before Chapter 15 recognition hearing
The court granted Raizen S.A. and eight affiliated debtors provisional Chapter 15 relief, applying the automatic stay to the debtors and their property in the United States while the court considers recognition of the Brazilian extrajudicial reorganization proceeding. The protection is effective immediately and runs until the court rules on recognition or the Brazilian stay terminates, preserving U.S. assets and blocking creditor action during the opening phase of the cross-border case under the Order Granting Provisional Relief.
The recognition timetable is now fixed: objections are due March 31, 2026 at 4:00 p.m. New York time, replies are due April 3, and the recognition hearing is set for April 7 at 3:00 p.m. The scheduling order also requires service of the notice package by March 17 and notice through the existing notes trustee to DTC, making this the first real deadline path for creditors deciding whether to challenge recognition or preserve rights in the U.S. case under the Recognition Hearing Scheduling Order.