Rio court rejects Oi shareholders’ arbitral challenge, US court rebukes Aurelius again
Rio de Janeiro, Brazil (Credit: iStock.com/Ultima_Gaina)
A Brazilian court has taken measures to protect Oi’s restructuring plan from shareholders who are trying to challenge it in arbitration, as a New York court rejected attempts by hedge fund Aurelius Capital Management to reverse a decision rebuking it for “weaponising” Chapter 15 proceedings last year.
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