Post by anik4500 on Feb 25, 2024 1:56:34 GMT -6
Economic activities. In addition, he appointed lawyer Samantha Mendes Longo as a court assistant, to perform the role of coordinator of the mediation center. The judge also suspended any action, execution, seizure, seizure, kidnapping or search and seizure of Oi's assets, in addition to preserving all of the company's contracts. Preservation of activities Fernando Viana stated that Oi's financial statements indicate that the company has solid activity. In September 2022, compared to December 2021, the company's cash increased by R$462 million, and assets, by R$550 million. Furthermore, Oi has around R$12.6 billion to receive. The telephone company also has more than 35 thousand direct employees, operates in more than 3 thousand municipalities in Brazil, has the largest fiber optic network in the country and collected, last year, R$2.85 billion in taxes.
All these factors, added to the company's statement informing the evolution of the negotiations with certain creditors involving the restructuring of certain debts, demonstrate that there is a probability of the company's recovery, with the preservation of its social function, with the rejection of the processing of the judic Chinese American Phone Number List ial recovery based on the analysis of the debtor's economic viability' (article 51-A, paragraph 5, of the Bankruptcy Law)", highlighted the judge. He also mentioned that Oi may have a second judicial recovery. Article 48, II, of the Bankruptcy Law (Law 11,101/2005), establishes that a company that was granted judicial recovery less than five years ago cannot undergo a new process. The authorization of Oi's first judicial recovery occurred on February 5, 2018 — therefore, more than five years ago.
This way, the company can undergo a second restructuring, said Viana. Click here to read the decisionn a joint petition sent to different instances, Lojas Americanas and the BTG Pactual bank requested the suspension of all processes involving the companies for 30 days. Wikimedia CommonsThe suspension was requested so that the parties can "evaluate the repercussions" of recent decisions, both in the judicial recovery records and in other processes. Companies want to "consider possible alternatives aimed at better serving the interests involved." The requests were distributed to the 1st Business Conflict and Arbitration Court of São Paulo; to the 15th Private Law Chamber of the São Paulo Court of Justice; for the Special Body of the Court of Justice of Rio de Janeiro; and to the 18th Chamber of Private Law of the TJ-RJ. BTG x Americanas After the discovery of "accounting inconsistencies" worth R$ 20 billion, Americanas had judicial recovery authorized by the Rio de Janeiro Court.
All these factors, added to the company's statement informing the evolution of the negotiations with certain creditors involving the restructuring of certain debts, demonstrate that there is a probability of the company's recovery, with the preservation of its social function, with the rejection of the processing of the judic Chinese American Phone Number List ial recovery based on the analysis of the debtor's economic viability' (article 51-A, paragraph 5, of the Bankruptcy Law)", highlighted the judge. He also mentioned that Oi may have a second judicial recovery. Article 48, II, of the Bankruptcy Law (Law 11,101/2005), establishes that a company that was granted judicial recovery less than five years ago cannot undergo a new process. The authorization of Oi's first judicial recovery occurred on February 5, 2018 — therefore, more than five years ago.
This way, the company can undergo a second restructuring, said Viana. Click here to read the decisionn a joint petition sent to different instances, Lojas Americanas and the BTG Pactual bank requested the suspension of all processes involving the companies for 30 days. Wikimedia CommonsThe suspension was requested so that the parties can "evaluate the repercussions" of recent decisions, both in the judicial recovery records and in other processes. Companies want to "consider possible alternatives aimed at better serving the interests involved." The requests were distributed to the 1st Business Conflict and Arbitration Court of São Paulo; to the 15th Private Law Chamber of the São Paulo Court of Justice; for the Special Body of the Court of Justice of Rio de Janeiro; and to the 18th Chamber of Private Law of the TJ-RJ. BTG x Americanas After the discovery of "accounting inconsistencies" worth R$ 20 billion, Americanas had judicial recovery authorized by the Rio de Janeiro Court.