A Brazilian court on September 25, 2026, ordered Braskem to stop payments and guarantees supporting the Chapter 11 restructuring of its Mexican subsidiary, Braskem Idesa. The ruling followed an injunction request from a group of Braskem’s creditors.
The blocked support was a key part of Braskem’s broader financial reorganization. The company is seeking to restructure debt estimated at around $11 billion.
The court challenge adds friction to ongoing negotiations. Bondholders have rejected Braskem’s restructuring plan and are demanding a $3 billion equity injection from the company’s controlling shareholders.