{"id":97142,"date":"2026-01-09T18:58:29","date_gmt":"2026-01-09T21:58:29","guid":{"rendered":"https:\/\/murray.adv.br\/?p=97142"},"modified":"2026-01-09T18:58:29","modified_gmt":"2026-01-09T21:58:29","slug":"u-s-court-recognizes-banco-master-liquidation-freezes-assets","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/u-s-court-recognizes-banco-master-liquidation-freezes-assets\/","title":{"rendered":"U.S. court recognizes Banco Master liquidation, freezes assets"},"content":{"rendered":"<section class=\"content--header\">\n<div class=\"row content-head featured \">\n<div class=\"title\">\n<h6 class=\"content-head__title\" style=\"text-align: center\"><em><strong>Ruling triggers automatic blocking of assets held in the U.S. by Daniel Vorcaro\u2019s bank<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n<div class=\"content__signa-share\">\n<div class=\"content__signature\">\n<div class=\"content-publication-data\">\n<div class=\"content-publication-data__text\">\n<div class=\"content-publication-data__from\"><\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p class=\"content-publication-data__updated\">01\/09\/2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"content__share-bar-container\">\n<div class=\"content__share-bar\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<div id=\"mc-article-body\" class=\"mc-article-body \">\n<article>\n<div class=\"no-paywall\">\n<div class=\"mc-column content-text active-extra-styles active-capital-letter\" data-block-type=\"unstyled\" data-block-weight=\"53\" data-block-id=\"2\">\n<p class=\" content-text__container theme-color-primary-first-letter\" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Judge Scott M. Grossman of the U.S. Bankruptcy Court for the Southern District of Florida on Thursday (8)\u00a0<strong>recognized the liquidation proceedings of Banco Master in the United States<\/strong>, despite objections raised by the defense of its owner,\u00a0<strong>Daniel Vorcaro<\/strong>. As a result, the group\u2019s assets in the U.S. are automatically\u00a0<strong>frozen<\/strong>.<\/p>\n<\/div>\n<div class=\"wall protected-content\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"60\" data-block-id=\"3\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">\u201cThe Brazilian liquidation proceeding shall be given full force and effect and be binding on and enforceable in the United States against all persons and entities,\u201d the ruling states. The decision was issued a day after a hearing attended by Vorcaro\u2019s defense team and lawyers for\u00a0<strong>EFB Regimes Especiais de Empresas<\/strong>, the court-appointed\u00a0<strong>liquidator\u00a0<\/strong>designated by\u00a0<strong>Brazil\u2019s Central Bank<\/strong>.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"48\" data-block-id=\"4\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Vorcaro\u2019s attorneys had asked the U.S. court not to recognize the bank\u2019s liquidation, as requested by the liquidator. In their arguments, they cited an\u00a0<strong>inspection\u00a0<\/strong>ordered by a justice of Brazil\u2019s\u00a0<strong>public spending watchdog, the TCU<\/strong>, and claimed there was a possibility that the liquidation could be\u00a0<strong>reversed<\/strong>.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"66\" data-block-id=\"6\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Information about the defense\u2019s petition was first reported by O Globo newspaper and confirmed by <strong>Valor<\/strong>. According to documents reviewed by the newspaper, the\u00a0<strong>law firm King &amp; Ruiz<\/strong>, which represents Vorcaro, argued that Banco Master\u2019s liquidation is a \u201c<strong>controversial<\/strong>\u201d matter in Brazil. \u201cAlthough liquidation may be inevitable in some cases, it is far from clear that liquidation is inevitable for Banco Master,\u201d the filing said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"53\" data-block-id=\"7\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">The defense team maintained that recognizing the liquidation at this stage would be \u201cpremature\u201d and argued that, although the liquidator states that all of his actions are ultimately subject to \u201cjudicial review,\u201d this does not prove that the case is in fact being reviewed by a \u201cforeign court,\u201d as required under U.S. law.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"39\" data-block-id=\"8\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Vorcaro also argued that the liquidator is seeking\u00a0<strong>excessive powers<\/strong>\u00a0over Banco Master\u2019s assets in the United States. \u201cThe exercise of these powers could irreversibly and adversely affect Banco Master\u2019s assets in the United States,\u201d the defense team said.<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"92\" data-block-id=\"9\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">In its rebuttal, EFB stated that Banco Master\u2019s liquidation stems from the discovery of an \u201c<strong>enormous fraud<\/strong>\u201d and followed a series of failed attempts to sell control of the group. The filing, prepared by the law firm Sequor Law, also noted that the Central Bank\u2019s investigations triggered a\u00a0<strong>wave of coverage in domestic and international media outlets<\/strong>, \u201cwhich began to associate Mr. Vorcaro\u2019s life of\u00a0<strong>luxury and extravagance<\/strong>, including the acquisition of properties and assets in foreign jurisdictions, with potential frauds committed to the detriment of [Master\u2019s] account holders and investors.\u201d<\/p>\n<\/div>\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"42\" data-block-id=\"11\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">The liquidator\u2019s attorneys said Vorcaro is suspected of having transferred large sums to himself at the expense of Banco Master\u2019s creditors and investors, and that he was released from jail only on the condition that he wear an\u00a0<strong>electronic ankle monitor<\/strong>.<\/p>\n<\/div>\n<div data-track-category=\"multicontent\" data-track-action=\"ultimo chunk conteudo\" data-track-noninteraction=\"false\" data-track-scroll=\"view\">\n<div class=\"mc-column content-text active-extra-styles \" data-block-type=\"unstyled\" data-block-weight=\"65\" data-block-id=\"12\">\n<p class=\" content-text__container \" data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Addressing Vorcaro\u2019s claim that the liquidation could be reversed, the liquidator\u2019s lawyers said that \u201cthere are no pending decisions that in any way alter the status, pendency, or validity of the Brazilian liquidation proceeding.\u201d \u201cAs indicated above, no decision in the\u00a0<strong>TCU\u00a0<\/strong>proceeding suggests that the liquidation will be reversed or seeks to affect the validity or pendency of the Brazilian liquidation process,\u201d they added.<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">*By\u00a0\u00c1lvaro Campos, Valor\u00a0\u2014 S\u00e3o Paulo<\/p>\n<p data-track-category=\"Link no Texto\" data-track-links=\"\" data-mrf-recirculation=\"Article links\">Source: Valor International<\/p>\n<p>https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ruling triggers automatic blocking of assets held in the U.S. by Daniel Vorcaro\u2019s bank &nbsp; &nbsp; 01\/09\/2026 Judge Scott M. Grossman of the U.S. Bankruptcy Court for the Southern District of Florida on Thursday (8)\u00a0recognized the liquidation proceedings of Banco Master in the United States, despite objections raised by the defense of its owner,\u00a0Daniel Vorcaro. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8106],"tags":[26696,26695],"class_list":["post-97142","post","type-post","status-publish","format-standard","hentry","category-murray-news","tag-freezes-assets","tag-u-s-court-recognizes-banco-master-liquidation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>U.S. court recognizes Banco Master liquidation, freezes assets - Murray Advogados<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murray.adv.br\/en\/u-s-court-recognizes-banco-master-liquidation-freezes-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"U.S. court recognizes Banco Master liquidation, freezes assets - Murray Advogados\" \/>\n<meta property=\"og:description\" content=\"Ruling triggers automatic blocking of assets held in the U.S. by Daniel Vorcaro\u2019s bank &nbsp; &nbsp; 01\/09\/2026 Judge Scott M. 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Grossman of the U.S. Bankruptcy Court for the Southern District of Florida on Thursday (8)\u00a0recognized the liquidation proceedings of Banco Master in the United States, despite objections raised by the defense of its owner,\u00a0Daniel Vorcaro. 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