Vicentin Seeks Federal Supreme Court OK for Bunge-Led Rescue

Vicentin SAIC, the major Argentine soy exporter that’s been in bankruptcy protection for five years, has taken the case for its Bunge-led rescue deal to the federal supreme court, according to a Vicentin spokesman.

• Vicentin has asked the federal supreme court justices to suspend the case until they make a decision whether to take on an appeal of a Santa Fe provincial court ruling that the rescue deal is unconstitutional
  • NOTE: Normally, a case would go on while the justices deliberate — meaning the provincial court that’s currently assessing whether to proceed to a so-called cramdown would continue ...