Brazil

Results for Brazil

Brazil Regulator Rejects Telefonica Fine-for-Investment Swap

The board of Brazilian telecoms regulator Anatel on Wednesday voted against a proposal by Telefonica Brasil SA to swap 3 billion reais ($861.08 million) in regulatory fines for new investments, Reuters reported. The Anatel board rejected the fine-for-inv ...

Daily Headline - global.abi.org - 04/26/2018 - 01:04 - 0 comments

Odebrecht Construction Unit to Miss Deadline for Debt Payment

The cash-strapped construction unit of Odebrecht, the Brazilian group at the centre of Latin America’s largest corruption scandal, said it would miss a Wednesday deadline for a R$500m debt payment, the Financial Times reported. But Odebrecht Engenhar ...

Daily Headline - global.abi.org - 04/25/2018 - 00:40 - 0 comments

Brazil Prosecutors Sue Pension Funds Over Investment Losses

Brazilian authorities said on Tuesday they had filed lawsuits against 17 people and two companies over losses suffered when the Petrobras employee pension funds and the Caixa Economica Federal invested in a special fund without due diligence, Reuters rep ...

Daily Headline - global.abi.org - 04/03/2018 - 23:51 - 0 comments

The Emerging Markets Restructuring Journal

This sixth issue is special in that it is published in anticipation of the International Bar Association’s Latin American Regional Forum in Mexico City and includes a diverse range of articles reflective of this region. A piece on the Oi restructuring sh ...

Resource Article - twallace@abiwor... - 04/03/2018 - 10:43 - 0 comments - 0 attachments

India's Shree Renuka to Attempt Sale of Brazil Sugar Mills Again

India’s Shree Renuka Sugars Ltd will try for a third time to sell sugar mills it owns in Brazil at an auction as part of a recovery plan in its in-court debt restructuring, according to court documents seen by Reuters. Renuka, which entered Brazil in 201 ...

Daily Headline - global.abi.org - 04/02/2018 - 21:37 - 0 comments

Brazil's Oi Wins Ruling in Battle with Shareholder Pharol

A magistrate for Brazil’s Superior Court of Justice has issued an injunction that hands telecommunications firm Oi SA at least a temporary victory over shareholder Pharol SGPS SA in an ongoing legal dispute, the company said on Wednesday. In a securities ...

Daily Headline - global.abi.org - 03/14/2018 - 21:17 - 0 comments

Brazil's Oi Approves Debt-For-Equity Swap, Legal Wrangles Continue

Brazilian telecoms company Oi SA’s board has approved the terms of a debt-for-equity swap endorsed by creditors, even as a shareholder said on Tuesday it had won a partial injunction against the plan. In a Tuesday securities filing, Oi said the board app ...

Daily Headline - global.abi.org - 03/07/2018 - 00:07 - 0 comments

Judge Says Oi Shareholders Meeting Has No Effect on Restructuring

A Rio de Janeiro judge decided on Wednesday that a shareholders meeting called by a major equity holder in debt-laden Brazilian telecoms carrier Oi SA will have no legal effect on the company’s in-court restructuring, Reuters reported. Responding to vari ...

Daily Headline - global.abi.org - 02/07/2018 - 22:50 - 0 comments

Abengoa Bionergia's Brazil Lenders Eye Sugarcane Mills Sales

Banks and investors involved in the court reorganization of energy group Abengoa Bioenergia Brasil SA hope to get paid through a potential sale of the company’s two sugarcane mills, two sources close to the matter told Reuters. There are non-disclosure a ...

Daily Headline - global.abi.org - 01/30/2018 - 00:29 - 0 comments

Brazil's Seara Agro Files Recovery Plan, Proposes Debt Haircut

Seara Indústria e Comércio de Produtos Agropecuários, a Brazilian mid-sized grain trader that sought bankruptcy protection last year, on Monday filed its recovery plan in a local court, the company said on Tuesday. Seara Agro, based in the Paraná state a ...

Daily Headline - global.abi.org - 01/23/2018 - 19:19 - 0 comments

Syndicate content