With a meeting of creditors scheduled for Wednesday 20 April, ITA (the airline operator of the Itapemirim Group) is being sold. This is challenging, as the MPSP had asked that ITA be included in the judicial reorganization process of Itapemirim and that the two companies be declared bankrupt.
Renato Brandão commented on ITA’s disposal to Valor Econômico and said that the inclusion of ITA in the judicial reorganization process is not impossible, because “when analyzing the MP’s arguments about asset emptying and making loans with the appearance of fraud, it would not be impossible to argue a disregard of the legal personality of ITA and liability for patrimonial confusion”.
Read the full content, in Portuguese, at: http://glo.bo/37Z6uvM
