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General

Brazilian Court rules on conflict of jurisdiction in Oi case

Friday 12 October 2018 | 13:50 CET | News
The Brazilian Superior Court of Justice (STJ) has ruled on the conflict of jurisdiction requested by operator Oi after opposing decisions by the Market Arbitration Chamber and the Judicial Reorganisation Court of Rio de Janeiro, regarding Oi's Judicial Reorganization Plan. The STJ decided, by majority vote, that discussions that deal with rights set out in Brazilian Corporate Law must be submitted to the arbitrage tribunal of the Market Arbitration Chamber, without prejudice to the preservation of the jurisdiction of the Judicial Reorganisation Court, which may or may not ratify the decisions

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Categories: General
Companies: Oi
Countries: Brazil
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