Overview
- Reconquista judge Fabián Lorenzini ruled that Grassi S.A. was the first to communicate legally sufficient creditor conformities under Argentina’s insolvency law.
- The court opened a five-business-day period for eligible bankruptcy stakeholders to file impugnations of the declared majorities.
- The sindicatura reported 1,141 adhesions out of 1,708 creditors, representing 84.99% of verified capital, with ACA’s Oct. 31 vote validated by certified electronic signature.
- The technical review verified timing of filings, conformity modalities, and credit assignments involving major financial institutions to confirm capital-weighted calculations.
- The Molinos Agro–LDC consortium also claimed to have met the thresholds, but it lacked sindicatura validation and judicial recognition, and if no founded objections prevail the judge can homologate the agreement to transfer control to Grassi.