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General

Brazilian Court suspends arbitration proceedings between Pharol and Oi

Thursday 28 June 2018 | 15:45 CET | News
The mediation procedure initiated in Brazil between Pharol and Oi has now been suspended by the Rio de Janeiro judge, Fernando Viana, responsible for the judicial recovery process of the Brazilian telecom operator, reports Jornal de Negocios. The suspension is in effect, according to a statement from Oi, for 60 days and the decision "was based on the fact that Pharol tried to prevent the homologation of Oi's judicial recovery plan in Portugal".

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Categories: General
Companies: Oi
Countries: Brazil
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