A Court Keeps Its Watchdog Inside the Firm That Bid for Banco Master

Courts

Key Facts

—The ruling. On 3 July the São Paulo appeals court refused Fictor’s request to remove or restrict the monitoring agent placed inside the group.

—The monitor. Kroll Associates Brasil, the local arm of the global investigations firm, was appointed by the judge to watch the group day to day.

—The debt. Fictor entered judicial reorganization with liabilities of roughly R$4.3bn ($835m), and 43 companies fall inside the case.