US EditionBrazilian Court Backs AgroGalaxy Recovery, Rejects Third-Party Protections
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Brazilian Court Backs AgroGalaxy Recovery, Rejects Third-Party Protections
A Goiás court has approved AgroGalaxy’s judicial recovery plan, allowing the agricultural inputs distributor to restructure R$4.6 billion ($820 million) in debt under strict conditions. The ruling, issued after eight months of negotiations, rejected six clauses that sought to shield third-party guarantors from creditor claims, preserving lenders’ rights to pursue legal action against shareholders and […]
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