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Conclusions for Decision
Damn. LoL Too busy reading other posts...
Sometimes the decision is posted on the same day, other times days later.
Indeed @EV. News really is imminently eminently imminent. No guarantee it'll be what we want to hear though... Fingers crossed it is though! :-)))
MOVEMENTS
Date Movement
06/10/2021 Electronic Message (email) Attached
06/10/2021 Attached Office
06/10/2021 Electronic Message (email) Attached
06/09/2021 Conclusions for Decision
A couple more movements...
MOVEMENTS
Date Movement
11/06/2021 Electronic Message (email) Attached
11/06/2021 Request for Pledge on the Face of the Attached Records
11/06/2021 Electronic Message (email) Attached
Any idea what the second movement is?
I haven't seen it before
https://www.dizerodireito.com.br/2019/08/e-possivel-penhora-no-rosto-dos-autos.html?m=1
Just translated the last paragraph which appears to be the summary
In short:
It is possible to apply the attachment rule on the face of the records provided for in art. 860 of CPC/2015 (art. 674 of CPC/1973) to the arbitration procedure, in order to allow the judge to officiate the arbitrator so that he may include in his final decision, if favorable to the executed, the existence of the court order of expropriation, an order that, in turn, will only be carried out at the time and in the manner of compliance with the arbitration award, within which any special creditor competition shall also be resolved.
LOL. That's a translation?
https://www.stj.jus.br/sites/portalp/Paginas/Comunicacao/Noticias/Juiz-pode-determinar-penhora-no-rosto-dos-autos-de-procedimento-arbitral.aspx
I think it is about attaching records from another case file to this one. There have been 7 occurances on our case and it seems to be shortly followed by a decision.
"the attachment on the face of the records is the attachment of assets that can be attributed to the person executed in another process in which he is the author or in which you expect to receive something of economic value."
sounds more like a pledge to pay a creditors creditor… if the contested credit is judged to be valid… to me… thus missing out the middle man…
Here is what I hope is happening:
Banks have signed, this is then being registered with the courts JRP process, we are then just wating for the judge to ratify the deal and grant the 99.9% ownership of Dev to PBA.
I think the next decision will be the big one.
Attachment is a legal process by which a court of law, at the request of a creditor, designates specific property owned by the debtor to be transferred to the creditor, or sold for the benefit of the creditor.[1] A wide variety of legal mechanisms are employed by debtors to prevent the attachment of their assets. For example, a declaration of bankruptcy will severely limit the ability of creditors to attach the property of the debtor.[citation needed] Many jurisdictions have a homestead exemption or other property exemptions which limit the ability of creditors to attach the debtor's primary residence, vehicle, and/or personal effects.
4 movements yesterday, including a couple of late ones...
Another 4 movements yesterday. A hearing for next week still looking likely. IMHO it's possible if the agreement isn't made by then we might see a ruling, hopefully in our favour! :-))))
Another decision posted
Page 19,667/19,682 (The Debtor confirmed the sending of the official letter to the Bank BS2 SA, informed the deposit in the judicial account of the amount of R$ 14,523,460.54 ($2,920,403), referring to the sale of iron ore, and, due to the judicial blockade of his bank account, he requested that the payment of costs and expenses inherent to its activities are carried out by the Banco do Brasil SA, with funds from the court account); Page 19,695/19,703 (AJ performed analysis of the costs and expenses presented by the Debtor and was favorable to payment total of BRL 2,259,231.04 ($454,290), according to the analysis on pages 19,702/19,703):
Clarify the Debtor which dollar rate is used to convert dollar amounts into reais. Regarding the request for payment of costs and expenses of the activities of theDebtor, using the amounts deposited in a court account, having been favorable manifestation of the Receiver after due verification, must be granted. It will be up to Banco do Brasil SA, within 5 days, to make the payments listed on pages 19,698/19,701, using the amounts deposited in court accounts linked to this process, remaining from already authorized the discount of any fees such as TED/DOC to carry out the order judicial. This decision serves as an official letter to be sent to Banco do Brasil SA by the Debtor who must urgently prove the delivery. Int. São Paulo, June 22, 2021.
Is this our money for 20%
Ok maybe not but looks like things are moving fast now,
Where do you get this from EV? I own quite a lot here but this DD is very impressive.
"The debtor" is Dev.
Dev is getting paid the pre-approved expenses as part of the $10m sale (see RNS)
@twohits, This is directly from the court website in Brazil (tjsp) for the case of the judicial recovery process.
Excellent thanks EV, appreciate your efforts.
Thanks EV_Bull for sharing that, does this indicate that there's a sense of urgency to complete certain related matters in a sort time frame of days and hence support the expectation that this will be complete by end of June or is this normal procedure?