Court orders resumption of OSX payments to Açu Port
Feb, 29, 2024 Posted by Gabriel MalheirosWeek 202409
The Rio de Janeiro Court of Justice has granted an injunction suspending a contract between Eike Batista’s OSX and Açu Port for up to 60 days—or until a formal trial is instituted.
The decision ends the payment suspension for OSX’s right to use the port area until the Rio de Janeiro Court issues a definitive decision.
Açu Port argued that the suspension would harm its financial interests, while Eike’s company, which filed for bankruptcy protection for a second time, contended that the measure was necessary to ensure the continuity of its activities during the restructuring process. OSX declined to comment.
Source: Revista Veja
Click here to read the original report: https://veja.abril.com.br/coluna/radar-economico/justica-determina-retomada-de-pagamentos-de-aluguel-da-osx-ao-porto-de-acu
-
Ports and Terminals
Apr, 07, 2025
0
Ports account for over 90% of Brazil’s foreign trade, and Santos plays a strategic role in this
-
Ports and Terminals
Jun, 05, 2025
0
Brazil’s Audit Court Blocks $700 Million Port Claim, Avoids Major Fiscal Impact
-
Economy
Jul, 20, 2021
0
ECLAC: International scenario to boost Latin American exports by 22%
-
Ports and Terminals
Jul, 24, 2020
0
Buenos Aires records 1.5% increase in TEU handling between Jan-May 2020