Preserva-Ação Administração Judicial

What Preserva-Ação Administração Judicial does

Preserva-Ação Administração Judicial (PSVAR) is a Rio de Janeiro-based judicial administration firm that serves as a court-appointed auxiliary agent in Brazilian insolvency proceedings under Law 11.101/2005. Its core work spans three service lines: judicial recovery (recuperação judicial), bankruptcy administration (falência), and extrajudicial recovery (recuperação extrajudicial), serving distressed companies, their creditors, and the Brazilian judiciary. The firm is currently appointed to several of Brazil's largest restructurings, including Grupo Americanas (jointly with Zveiter Advocacia), Grupo Oi, Grupo MMX, S.A.F. Botafogo (jointly with Marcello Macedo Advogados), and the Refit Group bankruptcy.

The firm is built around a multidisciplinary partner team combining doctorate-level insolvency lawyers (with credentials from UFF, FGV, Coimbra, Sorbonne, and Fordham), corporate finance professionals (former Petrobras, BHP Billiton, and Petros executives), and certified judicial administrators (ESAJ/TJRJ). Founding partner Bruno Rezende has served on CNJ working groups on insolvency reform and co-authored amendments to Law 11.101/2005, embedding the firm in Brazil's regulatory evolution. The São Paulo office at Avenida Paulista extends coverage to TJSP courts including the 3rd Bankruptcy and Judicial Recovery Court.

Commercially, the firm does not sell services — judges appoint it. Revenue comes from court-set professional fees, calculated as a percentage of assets, liabilities, or recoveries in each proceeding, making revenue episodic and case-lifecycle-dependent rather than recurring. Supporting this service delivery is a proprietary technology stack including an online protocol system (faseadministrativa.psvar.com.br), a creditor-company chat monitored by the administrator, a virtual General Creditor Assembly environment, and an ethics/compliance channel — collectively positioned as workflow infrastructure for the administrative phase of insolvency cases.

Name

Preserva-Ação Administração Judicial

Legal name

Preserva-Ação Administração Judicial

Website

https://psvar.com.br

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Preserva-Ação Administração Judicial (PSVAR) is a Brazilian court-appointed judicial administrator managing bankruptcy and judicial recovery proceedings, including Grupo Americanas and Grupo Oi, with offices in Rio de Janeiro and São Paulo.

Ownership category

akta.pro rank

Product category

Insolvency Administration Services

NAICS

Offices of Lawyers (541110)

SIC

Services-Legal Services (8111)

akta.pro industry

PRIMARYBPAHABAL

Insolvency, Restructuring & Bankruptcy Administration

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Accounting, Audit & Tax Services

SECONDARYBPAHAAAH

Bankruptcy, Restructuring & Insolvency Law

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Legal Services

Keywords

• Judicial administration services
• Insolvency administration
• Bankruptcy administration
• Judicial reorganization services
• Creditor rights administration

Headquarters

HQ city

Rio de Janeiro, Rio de Janeiro

HQ country

Brazil

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Judicial Administration Fees: Professional fees earned as court-appointed judicial administrator (administrador judicial) in bankruptcy (falência) and judicial recovery (recuperação judicial) proceedings under Brazilian Law 11.101/2005. Fees are regulated by the courts and typically calculated as a percentage of assets, liabilities, or recoveries in the proceeding.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Preserva-Ação Administração Judicial is a Brazilian specialized firm that acts as a court-appointed judicial administrator (administrador judicial) in bankruptcy (falência) and judicial reorganization (recuperação judicial) proceedings. The firm supervises distressed companies, manages asset recovery, validates creditor claims, and oversees compliance with court-approved recovery plans. Operations are delivered from offices in Rio de Janeiro and São Paulo, supporting both in-court and out-of-court reorganization processes.

Product overview

Preserva-Ação Administração Judicial operates as a specialized judicial administration firm offering a unified platform of insolvency management services for the Brazilian market. The core portfolio consists of three interconnected service lines: Falência (bankruptcy administration), Recuperação Judicial (judicial reorganization), and Recuperação Extrajudicial (extrajudicial reorganization). These core services are supported by a proprietary technology ecosystem comprising the Sistema de Protocolo for electronic document management, a Chat de Comunicação platform for transparent creditor-debtor interaction, and Vídeos Explicativos for stakeholder education. The SAC (creditor service) and Assembleias (creditor assembly management) modules complete the offering by providing ongoing support and governance throughout insolvency proceedings. The company manages high-profile cases including Grupo Americanas, Grupo Oi, and Grupo MMX.

Differentiator

Problem solved

Functional benefit

Products and services

• Recuperação Judicial (Judicial Reorganization)
• Administração de Falência (Bankruptcy Administration)
• Recuperação Extrajudicial (Extrajudicial Reorganization)

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Escritório Zveiter AdvocaciacoreImplementation/ SI/ Consulting PartnerLong-standing partnership with Zveiter law firm for joint administration (Administração Judicial Conjunta) of major proceedings including Grupo Americanas. The partnership combines legal expertise with administrative capabilities for comprehensive judicial administration services.
• Marcello Macedo AdvogadoscoreImplementation/ SI/ Consulting PartnerPartnership with Marcello Macedo law firm for joint administration of S.A.F. Botafogo judicial recovery proceeding. Combines legal counsel with administrative oversight services.
• Refit GroupminorOthersThe firm was overseeing the bankruptcy proceeding of the Refit Group as court-appointed judicial administrator (mentioned in news about the Refit bankruptcy case).

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Alvarez & Marsal: Global restructuring advisory firm with active Brazil practice acting as judicial administrator and restructuring consultant in major Brazilian bankruptcies. Comparable as a court-appointed administrator and restructuring advisor to distressed corporates, though broader in scope (consulting, interim management, lender advisory) than PSVAR's specialized administrator role.
• Deloitte (Brazil Restructuring): Big Four firm with a restructuring practice in Brazil that participates in judicial recoveries as advisor and sometimes as administrator. Comparable as a sophisticated restructuring services provider, though its scope spans advisory rather than solely judicial administration.
• Machado Meyer Advogados: Large Brazilian full-service law firm with a market-leading restructuring and insolvency practice, frequently acting for debtors, creditors, and as administrator. Comparable to PSVAR in serving major insolvency proceedings, though broader in offering corporate/M&A and finance services.
• Pinheiro Neto Advogados: Large Brazilian full-service law firm with active restructuring and insolvency practice participating in major bankruptcy and judicial recovery cases. Comparable in insolvency expertise, though it operates across many practice areas rather than as a dedicated judicial administrator.

Direct peers

• Rolim, Goulart, Cardoso Advogados: Brazilian restructuring-focused law firm with significant experience acting as judicial administrator in judicial recovery and bankruptcy cases. Comparable to PSVAR in serving distressed corporates and creditors in insolvency proceedings.
• TR Daniel Advogados: Brazilian firm known for serving as judicial administrator (administrador judicial) in major Brazilian bankruptcy and judicial recovery cases. Comparable to PSVAR as a court-appointed specialist in Law 11.101/2005 proceedings.
• LCS Advogados (Lacaz Christian Souza): Brazilian law firm that has served as joint judicial administrator (administrador judicial) in major Brazilian bankruptcies including Grupo Oi. Directly comparable as a court-appointed administrator in judicial recovery and bankruptcy proceedings under Law 11.101/2005.
• Escritório de Advocacia Zveiter: Brazilian law firm that is PSVAR's explicit joint-administration partner (Administração Judicial Conjunta) in the Grupo Americanas proceeding. Acts as a court-appointed administrator and restructuring counsel in large Brazilian insolvency cases.

Others

• Refit Group (in restructuring): Major Brazilian fuel-distribution company for which PSVAR was appointed judicial administrator in its bankruptcy proceeding. Relevant as a notable client/counterparty case rather than a direct competitor, illustrating the type of distressed-company mandate the firm administers.
• IBAJUD (Instituto Brasileiro de Administração Judicial): Industry association for Brazilian judicial administrators, of which PSVAR's founding partner Bruno Rezende was President (2019/2020). Relevant ecosystem/comparable body shaping the profession of judicial administration in Brazil.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/preserva-acaoadministracaojudicial

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Preserva-Ação Administração Judicial