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4h ago

Judge Extends Judicial Control of Vicentin to April 2026 as Cramdown Proceeds

The extension seeks to provide legal certainty during the rescue phase of the insolvency.

Este nuevo plazo busca garantizar la continuidad operativa de Vicentin y preservar el proceso de salvataje en curso.
El empresario Mariano Grassi: "Desde que se habilitó el cramdown ya tenemos 380 votos (afirmativos) comprometidos con lo cual estamos hablando de casi un 50% del capital”

Overview

  • Judge Fabián Lorenzini extended the corporate intervention by 120 judicial business days, pushing it to April 8, 2026.
  • Interventors Andrés Shocron and Guillermo Nudemberg were reaffirmed with the same powers to administer and control Vicentin’s business units.
  • All mandates and functions of the company’s natural directors remain suspended under the intervention first ordered on April 22, 2025.
  • The court said some conditions have stabilized but problems persist, requiring continuity to ensure traceability until a new control scheme is in place.
  • The proceeding is in the concurrence (salvataje) stage as bidders seek creditor approvals, with Grassi SA the only offer currently reported and other qualified parties expected to file, while creditors have until October 31 to register their choices.