Atlântico Sul Shipyard Launches Labor Credit Mediation Campaign

Written by Paulo Nogueira

Published on 22/09/2020 at 14:52

Updated on 22/09/2020 at 14:54

Estaleiro Atlântico Sul /divulgação

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Reconciliation Campaign Will Enable Partial Debt Payments Before Assembly, In A Judicial Recovery Process Of R$ 2.4 Billion

Last week, the notice for the debt reconciliation campaign with 700 labor creditors was published, in the judicial recovery process of Estaleiro Atlântico Sul (EAS), in Pernambuco. The measure, authorized by the 1st Civil Court of Ipojuca, will allow partial payment of amounts before the general creditors’ assembly, which involves a total liability of R$ 2.4 billion.

With this, creditors will be called to negotiate the credits, which are the lowest value in the entire process. The oversight of the procedure will be by the Medeiros & Medeiros Judicial Administration office, which was appointed judicial administrator of the Shipyard in February.

“Extrajudicial mediation is a new and very positive tool for the recovery process. It allows smaller creditors to receive a good portion of their credits, mitigating the impacts for workers and companies. Furthermore, it resolves conflicts and prevents other actions from being filed”, explains João Medeiros Fernandes Jr., a partner at the firm.

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Atlântico Sul Shipyard Launches Labor Credit Mediation Campaign

Reconciliation Campaign Will Enable Partial Debt Payments Before Assembly, In A Judicial Recovery Process Of R$ 2.4 Billion

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Atlântico Sul Shipyard Launches Labor Credit Mediation Campaign

Reconciliation Campaign Will Enable Partial Debt Payments Before Assembly, In A Judicial Recovery Process Of R$ 2.4 Billion

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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