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Rio: Justice releases BRL 1.2 billion blocked by BTG for Americanas

24/01/2023
in English

The Court of Justice of the State of Rio de Janeiro released today (24) R$ 1.2 billion from Lojas Americanas that had been blocked at the request of BTG. The blockade had been determined by the Court, which granted an injunction to BTG before the approval by the 4th Corporate Court of the processing of the judicial recovery of the Americanas Group and the appointment of the trustee. Judge Flávio Horta Fernandes, responsible for the measures, based the decision citing art. 49 of Law 11,101 of 2005, which establishes that all credits existing on the date of the application, even if not due, are subject to judicial recovery, as well as previous obligations observing the conditions originally contracted or defined by law. In the decision, the judge considered the granting of the processing of the judicial recovery, as well as the appointment of a judicial administrator and the complexity of the issues involved, in addition to the suspension of all actions and executions against the company, “especially the prohibition of any form of withholding, arrest, attachment, kidnapping, search and seizure and judicial or extrajudicial constriction on their assets”, says the decision. Lojas Americanas is subject to criminal liability in the event of misuse of these resources.

Agência Brasil

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