Fábio Percegoni speaks to Folha de S.Paulo about Oi’s bankruptcy

Our partner Fábio Percegoni de Andrade was interviewed by Folha de S.Paulo for a Painel S.A. article on the developments surrounding Oi’s bankruptcy and its implications for the liability action against investment funds that became the company’s majority shareholders.

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The article addresses creditors’ assessment that the ruling declaring Oi’s bankruptcy strengthens the investigation into the potential liability of controlling shareholders and officers, in a dispute involving the exercise of control and the possible prioritization of their own claims to the detriment of the company and other creditors.

In his analysis, Percegoni emphasizes that the Rio de Janeiro Court of Justice’s (TJRJ) conclusions regarding the actions of officers and controlling shareholders remain preliminary, as there has been no ruling on the merits concerning any potential unlawful conduct.

The matter highlights the complexity of discussions in corporate insolvency proceedings, particularly when they involve the liability of controlling shareholders, the order of payment to creditors, and the preservation of the bankruptcy estate’s assets.

Click here to read the full article.