Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Dutch court sanctions full bankruptcy for local Oi subsidiaries

By Jessica McKay

20 April 2017

Dutch court sanctions full bankruptcy for local Oi subsidiaries Telephone booths Wikimedia Commons/Alvs

An appeals court in the Netherlands has granted requests for two local affiliates of the embattled Brazilian telecoms company Oi to enter full bankruptcy, overturning a lower court’s earlier refusal to convert suspension of payments proceedings.