Nov 16, 2025
3 min read
The decision puts the company on judicial recovery, while the appeal is still being considered by the TJ/RJ.
The RJ court filed a bankruptcy petition for OI
The decision helps the company recover from the judgment when you meet by TJ / RJ.
on Friday 14 November 2025
Updated at 1:45 p.m.
Judge Monica Maria Costa di Piero, from the First Private Law Chamber, suspended the decision of the 7th Commercial Court of the capital, which ordered the Grupo OI SA, formed by OI SA, Portugal Telecom International Finance BV and OI Brazil Holdings Cooperative UA, to judicial recovery process.Bancos Itau and Bradesco, the company's creditors, against the bankruptcy declaration.
In the complaint filed by Bradesco SA, the bank claimed that the non-fulfillment of the judicial recovery plan occurred because the group did not complete the sale of UPIs (production separation units), which was proposed in the plan itself and that would allow it to collect the necessary resources for its implementation.
For the institution, the announcement and rise of the largest commercial business in Latin America, tinum to lose first and public interest.The bank indicated that OI currently provides data, voice, advertising and Wi-Fi mainly in Bondipusi North.
Judge Monica María Costa de Perro, who reviewed the procedural documents, emphasized that Brazil's judicial rehabilitation system aims at negotiated settlements between creditors and protects companies and their social performance.Therefore, he said, "It is undeniable that the principle of preserving competent enterprises and their social performance should lead and guide the entire restructuring process of the business world in crisis."
The judge also recorded the provider of the federal project, where the company uses thousands of principles to be put to work, highlighting domestic principles such as personal and artistic services.170, Capout and the Federal Department.
According to the judge, the bankruptcy is not necessary because, under the liquidation of the assets, it is better to serve the creditors, from the creditor's business."
The judge also noted that OE is responsible for essential services to the public and its disruption would cause direct harm to society and public authorities.Therefore, he considered that bankruptcy would have detrimental social effects, affecting the continuity of services and the employment of hundreds of workers.
In it, the termination of the order, carried out by the recovery court, the public prosecutor and the judicial control, allows the systematic change of the operation of the investors, to maintain the return of the work and to increase the return to the creditors.
Abuse of power
In the election, the applicants of the power that disappeared in June in the second State of June, 2016 and nine years later, and planned for its postponement.
"Despite the non-approval of the 2nd RJ of the 2nd RJ of the 2nd RJ of the OI group, which began in March 2025, the economic difficulties faced by the Debtor, PICCO - Pacific Investment Management Company, resulted in the distribution of competitive loans with partial capitalization (allocation in "foreign" bonds) Shares (about 40%)OI."
As noted, the judge of the 7th Business Court of the capital has already indicated, by the decision that the court's collection turned into bankruptcy, the existence of signs of abuse of power by the administrators, a fact that led to the replacement of the management board and the management council of the OE Group. The judge then wrote an extract from the trial judge's own decision.
"Furthermore, as a result of the asset drain report, the falsehoods, the enormous cost of hiring professionals (approximately $100 million considering the hiring of attorneys filed in US Chapter 11 - completely inconsistent with the recovery status), as well as the failure to provide a transition plan, this Court believes that the administrator, its board of directors and its supervisory period should be extended. the board of directors, as well as the INTEGRA employer(Mr. Marcelo Millet) also a hindrance to recruitment, whose "consultancy" has been engaged time and again in existing businesses."
Liquidation system of goods
The judge also recorded a statement from the Joint Administration of Justice that "an orderly liquidation of assets as part of a structured and controlled process of realization of assets and rights, carried out in a controlled and transparent manner by the court system, will be aimed at maintaining the economic activity of the essential services until they are transferred, maximizing the value of the sale of the assets, avoiding the loss of their economic value and ensuring the best possible satisfaction of creditors."
"The validity of the applicant's claims and the risk of severe, difficult-to-repair damage, from the harmful effects of the declaration of bankruptcy for all creditors involved in the restructuring process, the basic activity performed by the restructuring companies and the related social functions, the responsibility for hundreds of direct and indirect jobs and, in essence, the possibility of incorrect and indirect liquidation services. These assessments, I request
The judge also ordered the return of the judicial administrators of Wald Administração de Faldências e Empresas Em Recuperação Judicial Ltda.an.and the judicial administration of Preserva-Ação, the latter in the person of Bruno Resende, to continue functioning.
- Steps: 0096871-19-19.2025.8.19.0000
Read the answer.
As you explore the same decision
The judge also accepted Banco Itaú/Unibanco's request and appealed to the First Private Court.The bank used arguments similar to those of Bradesco, saying the default was due to the non-sale of UPI and that the scheme was intended as a necessary step to obtain the necessary resources for its implementation.
After reviewing the process that began on June 29, 2016 and in its second phase from May 28, 2024, the judge, along with the opinion of the Court Administration and the Prosecutor's Office, gave Itaú the effect of suspicion, thereby suspending the effects of bankruptcy and allowing the judicial recovery to continue with the program.
- order: 009687-26.2025.8.19.0000
Please read this decision.
