Post by xyz3600 on Feb 24, 2024 23:10:05 GMT -5
Understanding that the process had achieved its purpose, judge Mario Ramos dos Santos, from the 2nd Court of Lençóis Paulista, declared the plan fulfilled and decreed the termination of the judicial recovery of Frigol — the 4th largest beef producer in the country — in accordance with the articles 61 and 63 of Law 11,101/2005. The company had been in recovery since 2010. reproduction Reproduction Justice considered the plan to be fulfilled and ended Frigol's judicial recovery “It appears that the company under recovery regularly fulfilled the obligations assumed in the regularly approved plan, which is why in casu , the judicial recovery must be considered successful, with the objectives set out in the applicable legislation having been met, as it was determined that the interests were protected.
The remainder, 0.84%, is made up of 17 creditors: 15 are already receiving the installments due, while the other two are in parallel negotiations. In the sentence, the judge highlighted the hiring of 974 Frigol employees during the recovery period. Now, the company is “responsible for 2,562 direct jobs”. This was the second time that the Court decreed the closure of Frigol's recovery plan. In the first case, in January, a creditor questioned the decision and Middle East Mobile Number List appealed to the TJ-SP. The appeal was granted and the case was returned to the court of origin. New documents were presented to show that the slaughterhouse honored all the obligations assumed in the plan. There was a new request to terminate the recovery. As this time there were no questions from creditors, the judge accepted the request.
On december 16th, the pge issued resolution no. 45 to regulate the requirements for registration of chambers, indicating, regarding suitability, that it must have administered at least 15 arbitrations in the previous calendar year, of which at least one involving public administration, and one whose value exceeds r$50 million. Furthermore, a common theme in all arbitration procedures involving the public administration is the obligation that the costs and expenses be advanced by the individual, being reimbursed, in whole or in part, depending on the allocation made by the arbitration court, at the end of the procedure. Despite the undeniable advantages of using the institute, the peculiarity of the collection of costs by the contractor, although it has not yet been much discussed in practice, may have the effect of imposing excessive burdens on the individual, who may even have to wait for eventual reimbursement for a period relatively long, insofar as it is made through court orders or through a small value request.
The remainder, 0.84%, is made up of 17 creditors: 15 are already receiving the installments due, while the other two are in parallel negotiations. In the sentence, the judge highlighted the hiring of 974 Frigol employees during the recovery period. Now, the company is “responsible for 2,562 direct jobs”. This was the second time that the Court decreed the closure of Frigol's recovery plan. In the first case, in January, a creditor questioned the decision and Middle East Mobile Number List appealed to the TJ-SP. The appeal was granted and the case was returned to the court of origin. New documents were presented to show that the slaughterhouse honored all the obligations assumed in the plan. There was a new request to terminate the recovery. As this time there were no questions from creditors, the judge accepted the request.
On december 16th, the pge issued resolution no. 45 to regulate the requirements for registration of chambers, indicating, regarding suitability, that it must have administered at least 15 arbitrations in the previous calendar year, of which at least one involving public administration, and one whose value exceeds r$50 million. Furthermore, a common theme in all arbitration procedures involving the public administration is the obligation that the costs and expenses be advanced by the individual, being reimbursed, in whole or in part, depending on the allocation made by the arbitration court, at the end of the procedure. Despite the undeniable advantages of using the institute, the peculiarity of the collection of costs by the contractor, although it has not yet been much discussed in practice, may have the effect of imposing excessive burdens on the individual, who may even have to wait for eventual reimbursement for a period relatively long, insofar as it is made through court orders or through a small value request.