Based on the Brazilian Law of Bankruptcy and Judicial Reorganization (Law n° 11.101/2005), Oi Group filed an application for Judicial Reorganization on June 20th 2016, whose processing was granted on June 29th 2016, by the 7th Corporate Court of the State of Rio de Janeiro (Legal Proceeding n° 0203711- 65.2016.8.19.0001).
The Judicial Reorganization involves the companies Oi S.A., Telemar Norte Leste Leste S.A., Oi Móvel S.A., Copart 4 Participações S.A., Copart 5 Participações S.A., Portugal Telecom International Finance B.V. and Oi Brasil Holdings Coöperatief U.A.
Arnoldo Wald Law Office (EAAW) has been appointed to the role of judicial administrators in the Judicial Reorganization of OI Group.
Clarifications to Creditors
24 May 2017 – Today has been published the notice to creditors regarding the protocol of credits opposition (“impugnação de crédito”) and late proving of claim (“habilitações retardatárias”), which must be distributed specifically to the Judicial Recovery Lawsuit (Case n. 0203711-65.2016.8.19.0001), under penalty of not being accepted due inadequacy and violation of the efficiency principle, in attendance to the decision of fls. 199.000/199.002. In accordance to art. 8 of Brazilian Bankruptcy Law n. 11.101/05, the period of 10 (ten) business days for the submission of credit opposition (“impugnação de crédito”) will only begin with the publication of the List of Creditors set forth in art. 7, paragraph 2 of the above mentioned law, which is expected to occur in the coming days.
15 May 2017 – We would like to inform the creditors that the Public Notice (Creditor’s List) has been filed on 12th of May 2017, and will be published soon. However, the list is available for consultation – here
In this way, credit opposition (in portuguese, “impugnação de crédito”) should be presented within 10 (ten) days from the date of publication above mentioned, in compliance with art. 8 of Brazilian Bankruptcy Law n. 11.101/2005. Furthermore, these should be distributed specifically to the Judicial Recovery Judge (Lawsuit n. 0203711- 65.2016.8.19.0001), under penalty of not being accepted due inadequacy and violation of the efficiency principle, in attendance to the Decision of fls. 199.000/199.002.
In regard to the late proving of claim (in portuguese, “habilitações retardatárias”), these should also be distributed specifically to the Judicial Recovery Judge.
According to art. 7º, §2º of Law 11.101/2005, after the publication of the Creditor’s List, the creditors willing to have the documentation analyzed by the AJ should send their application and the related documents to the following email address: email@example.com. In the “subject” line, the e-mail must have the creditor’s CPF or CNPJ. Ex: “Proof Documents OI Creditor – CPF/CNPJ nº 000.000.000-00”
The AJ also informs that the RMA’s regarding the period between February and March were filed on the 15th of April 2017, and are already available on the “Relatórios” tab.
10 April 2017 – Arnoldo Wald Law Office (EAAW) has been appointed Sole Trustee of the Judicial Recovery of the OI Group, as per decision of fls. 187,886 / 187,889.
Due to the transition, we would like to inform you that the email BR_credoresoi.firstname.lastname@example.org has been disabled. In this way, doubts and other clarifications should be sent through the new electronic address: email@example.com.
We inform you that the deadline for creditors (a) to have access to the documentation analyzed by AJ at this administrative stage and (b) to challenge AJ’s list of creditors will only begin with the publication of the future AJ Notice, which will be presented until the day 05/15/2017, in compliance with r. Decision of fls. 188,725 / 188,729.
10 March 2017 – In the face of the deadline for creditors to present their statements, in accordance with decision 127.550 / 127.553, we inform that the email: firstname.lastname@example.org has been disabled.
30 September 2016 – On this date, the public notice containing the receipt of the Judicial Reorganization Plan presented by the companies under Judicial Reorganization was published and it is available for consultation on the tab “Procedural Documents”. Considering the decision issued by the 7th Corporate Court of the State of Rio de Janeiro, in September 08th, 2016, the 30 business-days term for creditors to submit any objection to the Plan will only begin after the publication of the public notice referred to in Article 7, Second Paragraph, of Law n° 11.101/2005, which will contain a List of Creditors prepared by the Judicial Administrators.