February 07, 2024
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.
July 14, 2021
A Brazilian oil and gas conglomerate's bankruptcy administrator accused a group of creditors of scheming to be paid quickly in an oil rig deal that simultaneously jeopardized the company's finances and the interests of other creditors and wants to recoup $465 million in alleged unjust enrichment.