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In Order to Avoid Bankruptcy, Brazil's Justice Approved the Recovery Plan of the Strategic Company Avibras
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After going through a severe financial crisis that brought it to the brink of bankruptcy, the Brazilian Justice approved an alternative plan of judicial recovery for the defense company Avibras Indústria Aerospace. The decision was issued on June 30 by Judge Matheus Valarini, of the 2nd Vara Cível de Jacareí, who approved the proposal presented by Brazil Credit, one of the main creditors of the firm, after noting the failure of the original plan…
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