São Paulo Prosecutors Urge Braskem Mexico Freeze Before Creditor Vote
4 Articles
4 Articles
The São Paulo Public Prosecutor's Office (MPSP) recommended the suspension of the financial restructuring of Braskem Idesa, which includes funding of US$ 415 million and additional contribution of US$ 71 million from Braskem S.A. in the Mexican subsidiary, in addition to the appointment of a judicial administrator to monitor the extra-judicial recovery (ER) of Brazilian petrochemicals, after questioning a group of financial creditors to the Just…
The Public Prosecutor's Office of São Paulo (MP-SP) recommended to the Justice the freezing of the contribution of more than US$ 400 million that Braskem intends to direct to its Mexican subsidiary, Braskem Idesa. The demonstration was presented to the judge of the 2nd Court of Bankruptcy of São Paulo, who approved the request for extrajudicial recovery of the company, [...] The post MP requests freezing of the contribution of US$ 400 million fr…
The Public Prosecutor's Office of São Paulo (MP-SP), through the Prosecutor's Office of Bankruptcy, recommended to the judge of the 2nd Court of Bankruptcy of São Paulo, that
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