Strong turn: ordered a sale of an unprecedented magnitude in the country for Vicentin

The Second Chamber of Appeal in Civil, Commercial and Labour Matters of Rafaela, Santa Fe, confirmed a judgement for a crimdown process

Finally, the exit from the Vicentin crisis will be through the crimdown. This was confirmed by the Santafesina Justice, which confirmed the decision of the judge in charge of the contest, Fabián Lorenzini and decided to request the opening of the rescue process.Now, although all creditors will be able to submit their proposals, there is one that already has a plan for the cereal in folder.The company, which is intervened judicially almost a mont…

Chamber II of the Chamber of Appeal in Civil, Commercial and Labor matters of Rafaela opened the process of “salvatage” (Cramedown) of the company Vicentin. The measure rejected the appeal submitted by the company and validated the decision of the judge of the contest, Fabián Lorenzini, who on September 15, 2023 refused to approve the agreement proposed by the agroexporter to close his contest of creditors. After the time in which it is the firm…

The Chamber of Rafaela rejected the appeal of the cereal company and confirmed the decision of first instance. It was after the judgment of the Court, that it overturned a sentence of lifting and ordered a new judgment. On Tuesday, the Second Chamber of the Civil, Commercial and Labor Appeals Chamber of the Fifth Judicial Circumscription, composed of judges María José Álvarez Tremea, Duilio M. Francisco Hail and Pablo Lorenzetti, decided on the …

The Chamber of Civil and Commercial Appeal of Rafaela confirmed the rejection of the approval of the preventive contest of creditors of Vicentin. The court intervened in the matter by order of the Supreme Court of Santa Fe and accepted the challenge submitted in due course by the company Commodities SA against a decision of the Chamber of Appeal of Reconquista, which had favored the owners of the defaulted cereal company. With the new resolution…

The Appeals Chamber with seat in Rafaela confirmed a decision issued by the judge of the cereal contest, Fabián Lorenzini, to launch a crimdown process. Chamber II of the Civil, Commercial and Labor Appeals Chamber of Santa Fe with seat in Rafaela, rejected the preventive agreement presented by Vicentín SAIC. The ruling supports the initial decision of the trial judge and dismisses the appeals filed by the company, while imposing the payment of …