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Monday, January 30, 2023
HomeEconomyBTG Pactual starts arbitration proceedings against Americanas in SP, says agency

BTG Pactual starts arbitration proceedings against Americanas in SP, says agency

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BTG Pactual started arbitration proceedings in São Paulo against Americanas for breach of credit agreement, a source with knowledge of the matter told Reuters on Tuesday (17).

The arbitration, at the Brazil-Canada Chamber of Commerce, alleges that the payment of the credit with investments held by the shopkeeper in the bank was included in the loan agreement.

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BTG also intends to file a new appeal against the injunction that protects Americanas from creditors, the source said.

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