The Justice of Rio de Janeiro complied with the request of Banco Safra and suspended immediate payment by Americanas to small suppliers and labor creditors, the State Court of Justice said this Thursday (9).
Judge Leila Santos Lopes, from the 18th Chamber of Private Law of the Court of Justice of Rio de Janeiro, accepted the bank’s appeal and granted a request for suspensive effect of the decision that allowed the payments.
Americanas and Safra did not immediately respond to a Reuters request for comment.
At the end of last month, Americanas, which has been in court-supervised reorganization since January, obtained a guarantee in court to immediately settle labor debts and debts with small suppliers, a measure that would demand R$ 192.4 million from the retailer.
Bigger creditors, such as big banks, have been opposing the move.
Lopes justified the decision by the fact that so far Americanas has not presented a judicial recovery plan.
“In this direction, the reorganization law proclaims… the General Meeting of Creditors is responsible for deliberating on the ‘approval, rejection or modification of the judicial reorganization plan presented by the debtor””.
In addition, she highlighted the irreversibility of the measure.
“There is also a risk of irreparable damage or damage that is difficult to repair, since the early and full payment of classes I and IV (labor creditors and small suppliers, respectively), in fact, constitutes an irreversible measure”.
Source: CNN Brasil
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