Partial intervention to Vicentin The commercial judge displaced his authorities for 120 days

The Justice of Santa Fe ordered the intervention of the directory of the agroexporter Vicentin for a period of 120 working days, in the framework of the contestal process that is being processed in Reconquista. The decision was made by Judge Fabián Lorenzini, who appointed as interveners the accountant Andrés Shocrón and the lawyer Guillermo Nudemberg, until now judicial observers of the company. With this measure, the current directors Daniel F…

The Justice ordered the intervention of the administrative body of Vicentin, temporarily suspending the mandates of the current board and designating instead two judicial controllers, who will assume total control of the firm for 120 working days. It is Andrés Shocrón and Guillermo Nudemberg, who until now were serving as [...]

“We believe it is necessary to employ all available mechanisms to prevent the liquidation of the contest,” Lorenzini argued.

The Civil and Commercial Judge of Reconquista's first instance, Fabián Lorenzini, ordered the intervention of the cereal company Vicentin SAIC for a period of 120 business days, with possibility of extension, and transferred to his board that is accused in the Justice for fraud. The judge said that, as it is structured, or used [...] The entry A Judge decided the intervention of Vicentin was first published in Ceres Ciudad .com.

News with personality

The Santa Fe Justice ordered the intervention of Vicentin for 120 days.The company, which carries a default of more than US$ 1500 million since December 2019, was waiting for the approval of its contract agreement that had Bunge, Viterra and ACA as principal investors.Now, after the intervention, the giants dissociated themselves from the conflict and the possibilities of bankruptcy or cramdown become more and more relevant.The file of the cerea…