Brazilian Oil Rig Creditors Cleared Of Asset Draining Claims

By Jonathan Romeo (February 7, 2024, 9:25 PM EST) -- A New York bankruptcy judge has dismissed two lawsuits worth $465 Million against U.S. and international banks accused of exploiting a complex sale-leaseback deal that purportedly drained the assets of the Brazilian oil and gas conglomerate Schahin Group, leading to its financial downfall....

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