Santa Fe provincial Judge Fabian Lorenzini accepts a request by soy exporter Vicentin SAIC to proceed with Argentina’s equivalent of Chapter 11.
- More than 2,600 creditors, mainly crop suppliers and banks, are owed 99.3b pesos (~$1.6b), according to a court ruling dated March 5
La Nacionand El Cronistareported the decision earlier Friday; Vicentin confirmed the reports through an external spokesman, providing a copy of the ruling dated March 5
- NOTE: Vicentin
filedfor bankruptcy protection on Feb. 10
- NOTE: Vicentin is Argentina’s biggest exporter of processed soy meal and oil
- NOTE from Feb. 21:
A Default Rocks the...