Posted at 8:29 pm
According to the press, the Seventh Business Court of the Court of Justice of Rio de Janeiro issued a decision to terminate the judicial recovery of Oi (OIBR3, OIBR4) this Wednesday 14.
The company filed for bankruptcy protection in 2016 with debts of R$65 billion.
According to information from the newspaper O Globo and Valor Econômico, the publication of the decision, which must be communicated to Anatel and the Public Prosecution Service, must take place within 20 days.
According to O Globo newspaper, the accountability of the trustee administration has been decided within 30 days.
Judge Fernando Viana recognized that the company had complied with all the obligations it had undertaken in the process.
Oi itself has not yet officially appeared on the Brazilian Securities and Exchange Commission (CVM) website about the information.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.