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

Oi plan denied recognition in Portugal

By Dominic Lawson

02 August 2018

A Portuguese court has refused to recognise the US$20 billion restructuring plan for Brazilian telecoms company Oi on the grounds that the matter is not yet closed – taking the opposite line to a recent New York court ruling.

Oi plan denied recognition in Portugal Lisbon, Portugal (Credit: iStock.com/moedas1)