Bank BTG Pactual has appealed in court against an injunction that protects retailer Americanas from creditors, documents seen by Reuters show.
In an appeal filed on Saturday, BTG’s lawyers argue that the injunction illegally determines the reversal of a payment made by Americanas to BTG.
Americanas obtained on Friday an injunction that protects it for 30 days against early maturity of debts, a period that the retailer can use to obtain an agreement with creditors or ask for a judicial recovery.
Americanas store facade at Shopping Rio Sul, Rio de Janeiro –
The movement comes after the retailer reported last Wednesday, after the closing of the stock exchange, R$ 20 billion in accounting “inconsistencies”, shocking the market.
Americanas did not respond to requests for comment. BTG preferred not to comment on the topic.
your subscription can be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the top news of the day. Your subscription helps us to make an independent and quality journalism. Thanks!
your signature is worth a lot
More than 180 reports and analyzes published each day. A team with more than 200 columnists and bloggers. Professional journalism that supervises public authorities, conveys useful and inspiring news, counterpoints the intolerance of social networks and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR BRL 1.90 IN THE 1st MONTH
I have over 10 years of experience working in the news industry. I have worked for several different news organizations, including a large news website like News Bulletin 247. I am an expert in the field of economics and have written several books on the subject. I am a highly skilled writer and editor, and have a strong knowledge of social media. I am a highly respected member of the news industry, and my work has been featured in many major publications.
_1_084052.jpg?fit=%2C&ssl=1 "Oradea-PAOK: For the first qualifying step in the BCL groups, “Dikephalos”")
