Oi Says Court Extends Liabilities Suspension for Another 10 Days

The 7th Business Court of the Capital District of the Capital of the State of Rio de Janeiro determined the extension of the suspension period for the enforceability of the Oi Group’s post-petition claims for an additional period of 10 days from the date of publication of the decision, Oi said in filing.

• Court maintained Bruno Rezende and Tatiana Binato as managers responsible for maintaining the companies
• It also approved the settlement agreement relating to the transition of services related to the control of Brazilian airspace (CINDACTA) from Oi to Claro, after favorable statements from the parties involved
• NOTE on ...