Oi Files Appeal to Ruling Removing Management, Board: Estado

Oi appealed a court order that removed its management and board of directors, Agencia Estado reported, citing court documents.

• Company asked for more time to enable a management transition, according to the report
• Oi also wants the court to lift the order to begin services transition and kick off its liquidation
  • Company also contested the decision that put in place bankruptcy rules
• NOTE: Oi Says Court Determines Liabilities Suspension, Mgmt Removal
• NOTE on August 13th: Oi: Court Suspends Enforceability of Recovery Plan Obligations

Original Story:Oi recorre contra afastamento de direção e conselho: Estado

To contact the translator on ...