On March 08, 2016, Mendes Junior Trading e Engenharia S.A. ("Mendes Junior") requested its judicial reorganization proceeding in Brazilian Courts. The lawsuit was assigned to the First Business Court of the City of Belo Horizonte, State of Minas Gerais, dockets No. 0579058-27.2016.8.13.0024. The judge has accepted the judicial reorganization request and, due to it, Mendes Junior shall present a plan within 60 days, informing the manner it proposes payment of its debts. The granting of the authorization also trigger the suspension of the existing lawsuits against Mendes Junior for 180 days. Reorganization Plans usually entices payment of debts in several installments and with substantial discounts. Mendes Junior has already filed a preliminary list of creditors, appointing the amounts due, but such list was not published in the Official Gazette. The creditors not included in this list or the credits of which are not appointed correctly shall present a motion to the judicial administrator requesting any possible correction or amendment.
We are following up this reorganization proceeding very closely by our team of experts in judicial reorganization. If your company has credits against Mendes Junior, we will be glad to assist you either with advice or by representing in the judicial reorganization proceeding.
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