Business · Companies · 22 hrs ago
São Paulo court questions where JAC Motors representative should file for restructuring
Grupo SHC, which represents JAC Motors in Brazil, has asked a court to restructure debts of 239.5 million reais.
The case was filed in São Paulo, but a judge questioned whether it belongs there because all 44 companies included in the filing have registered headquarters in Rio de Janeiro.
SHC says its main center of management and decision-making is in northern São Paulo, but the judge said the documents filed do not support that claim.
The group has 15 days to provide proof that its main business establishment is in São Paulo, or the case may be sent to a court in Rio.
The judge has delayed deciding whether to grant urgent protections, including a possible 180-day pause on debt collections.
This is SHC’s second restructuring case; its first, involving larger debts, ended in May 2025.
The court must first decide where the case should proceed before it can assess the restructuring request.
A São Paulo judge questioned whether the restructuring case of Grupo SHC, JAC Motors’ representative in Brazil, should be heard in São Paulo or Rio de Janeiro.
Judge Tainá Maria Leonardo de Oliveira gave the group 15 days to prove its main establishment is in São Paulo.
The 44 companies included in the filing have their registered offices in Rio de Janeiro, while the São Paulo address is listed as a branch for only three of them.
The restructuring request was filed this week in a São Paulo court and lists debts of R$239.5 million.
The judge postponed consideration of urgent requests and of whether the case can proceed, including a possible 180-day pause on creditor claims.
- Who
- Grupo SHC, the Brazilian representative of JAC Motors, and Judge Tainá Maria Leonardo de Oliveira.
- What
- The judge questioned whether the group's restructuring case belongs in São Paulo and ordered it to provide evidence of its main establishment there.
- When
- The request was filed this week; the report was published on October 10, 2026.
- Where
- The case was filed in São Paulo. The judge said documents pointed to Rio de Janeiro as the appropriate location.
- Why
- Brazilian law requires restructuring proceedings to be held where the debtor's main establishment is located.
Grupo SHC
São Paulo court
Main establishment
Grupo SHC
The group said its command center is in northern São Paulo, where administration, financial management and key decisions take place.
São Paulo court
The judge said the submitted documents did not support that claim and instead pointed to Rio de Janeiro.
The mere assertion, unsupported by evidence, is not enough to set aside these documentary elements.
do not confirm this assertion
Grupo SHC began its first judicial restructuring, with debts of R$517.7 million.
The group's first restructuring case was concluded.
Grupo SHC filed a new restructuring request in a São Paulo court, listing debts of R$239.5 million.
Judge Tainá Maria Leonardo de Oliveira gave the group 15 days to document that its main establishment is in São Paulo.
- Debt in new filing
- R$239.5 million
- Companies included
- 44, all with registered offices in Rio de Janeiro
- Time to provide evidence
- 15 days
- First restructuring debt
- R$517.7 million
- First restructuring concluded
- May 2025
Sources
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