Oi said this Friday (12) that the Rio de Janeiro court decided to maintain the suspension of the enforceability of the company’s extracompetitive obligations until January 20, 2026.
The monocratic decision of Judge Monica Maria Costa, of the 1st Chamber of Private Law of the Court of Justice of the State of Rio de Janeiro, accepted the arguments of the judicial management of the company.
The decision, issued in an interlocutory appeal filed by Itaú Unibanco and Bradesco, warns that the immediate resumption of all payments would be incompatible with the current cash flow and would make the operation unfeasible.
The judge understood that it was necessary to maintain a minimum amount of liquidity for essential payments, such as salaries and taxes, and to avoid bankruptcy, by allowing a liquidation of assets that better preserves the value of the company.
With this extension, Oi’s receivers must submit a new liquidity report to the Rio courts at the end of the deadline, in January 2026.
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