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.
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