Judge Monica Maria da Costa of the First Private Law Division of the Rio de Janeiro State Court of Justice suspended the effect of the bankruptcy declaration of the Rio de Janeiro State Court of Justice. Hey. This information comes from O Globo newspaper columnist Lauro Jardim.
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The judge’s decision also determines the continuity of the telecommunications company’s judicial recovery process, which involves the orderly liquidation of Mr. Oi’s assets. The judicial administrator was also ordered to be returned and major shareholder Pimco was found liable.
According to the judge, Oi’s bankruptcy would cause significant harm to creditors and the public interest.
The judgment came after Bradesco, one of Oi’s creditors, challenged the judgment handed down in the 7th Business Court on Monday (10th).
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