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In Crisis, Sugisawa Manages to Recover Funds Withheld by Finance Company.
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1 Articles
1 Articles
Sugisawa Hospital has won a court case allowing it to recover approximately R$700,000 in payments from Unimed Curitiba that were withheld by SB Crédito. The financial institution, one of the hospital's creditors, had invoked a 'cross default' clause in its contract, which accelerates the maturity of debts. The withholding of these funds by SB allegedly jeopardized the hospital's ability to pay monthly expenses, including medication purchases. In…
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