Brazil judge accepts bankruptcy protection for Batista's OSX

lundi 25 novembre 2013

Batista, Chairman and CEO of EBX Group speaks at a dinner panel discussion at the Milken Institute Global Conference in Beverly Hills A judge in Rio de Janeiro on Monday accepted a bankruptcy-protection request made earlier this month by OSX Brasil SA (OSXB3.SA), the shipbuilder controlled by Brazilian tycoon Eike Batista, giving OSX 180 days to prepare a restructuring plan. The judge, Gilberto Clovis Farias Matos, said the request by OSX and two of its three non-traded subsidiaries, OSX Construção Naval Ltda and OSX Serviços Operacionais Ltda, met the criteria of Brazil's corporate legislation, according to a statement issued by the press office of the Justice Tribunal of Rio de Janeiro state.








via Business News - Yahoo Finance http://finance.yahoo.com/news/brazil-judge-accepts-bankruptcy-protection-214925097.html

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