OGX to Bring Test for Brazil Bankruptcy Model

Oct 30, 2013

Bankruptcy protection seemed to be the likely outcome for Brazil’s OGX, after the company admitted Tuesday that weeks of discussions with creditors went nowhere. Analysts say it could set a needed example for the Brazilian bankruptcy system. The size and the involvement of large international debt investors in the bankruptcy process could push the case along in an unprecedented way, Revisson Bonfim, analyst at Espirito Santo, tells LatinFinance, and offer...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management