BRAZIL · COMPANIES Key Facts —What happened: São Paulo state prosecutors asked a court not to approve GPA’s R$4.5 billion
BRAZIL · COMPANIES
Key Facts
—What happened: São Paulo state prosecutors asked a court not to approve GPA’s R$4.5 billion (US$873 million) debt plan.
—The objection: Prosecutors say the plan lumps very different creditors together, violating equality and good-faith principles.
—Who is exposed: Small investors and dissenting minority creditors risk being locked into terms designed for big banks.
The GPA extrajudicial recovery plan for R$4.5 billion (US$886 million) in debt passed a critical vote. Learn what it means for…
Para a promotoria, há problemas jurídicos no programa
Promotor critica pagamento e vê grupo de credores muito heterogêneo, mas rede vê semelhança
Agenda de empresas: GPA rebate MP sobre recuperação extrajudicial; Multiplan capta R$ 300 milhões
GPA rebate na Justiça posição do MPSP e defende plano de recuperação judicial
BRAZIL · COMPANIES Key Facts —What happened: Local creditors filed a new appeal to suspend Ambipar’s debt-plan meeting set for
