Post by xyz3700 on Feb 27, 2024 2:00:49 GMT -5
Preventing one of the country's largest companies from distributing profits to its shareholders unduly affects the national economy. With this understanding, the president of the Superior Court of Justice, Minister João Otávio de Noronha, welcomed Braskem's offer of a guarantee insurance and suspended a decision that prevented the organization of a general meeting for the distribution of the company's dividends. Gilmar Ferreira Minister João Otávio Noronha states that preventing the distribution of profits is an obvious harm to the public economy. Gilmar Ferreira The suspension of the injunction is conditioned on the offering of guarantee insurance in the full value of the dividends to be distributed, approximately R$2.6 billion.
In the case analyzed, the Public Ministry of Alagoas (MP-AL) and the Public Defender's Office of the State of Alagoas filed a public civil action requesting an injunction, so that Braskem's responsibility for the calamity that occurred in several neighborhoods of Maceió in 2018 could be determined. According to MP-AL, the exploration of rock salt deposits by Braskem would have caused earthquakes in parts of the Chinese Malaysia Phone Number List capital of Alagoas. During the course of the process, the court responsible for the demand determined the unavailability of Braskem assets up to a limit of R$100 million. In April, the judge reporting the case at the Court of Justice of Alagoas (TJ-AL) ordered the suspension of the general meeting called for that month, the purpose of which was the distribution of dividends among the company's shareholders.
According to Minister Noronha, the facts and arguments presented by Braskem show that the TJ-AL judge's decision causes serious harm to the public economy, a situation that justifies the suspension of the injunction. "Despite the thorough examination by the reporting judge regarding the requests for suspensive effect formulated by those interested in the aforementioned interlocutory appeal, I understand that, by determining the suspension of the aforementioned meeting and, in practical terms, suspending the distribution of dividends, the amount of which is significant , the Judgment affected, directly and indirectly, the local and national economy", he explained. National interest The president of the STJ stated that, without delving into the merits of the case, it is possible to verify that, contrary to what was desired, the decision to be suspended affects the local and national public interest.
In the case analyzed, the Public Ministry of Alagoas (MP-AL) and the Public Defender's Office of the State of Alagoas filed a public civil action requesting an injunction, so that Braskem's responsibility for the calamity that occurred in several neighborhoods of Maceió in 2018 could be determined. According to MP-AL, the exploration of rock salt deposits by Braskem would have caused earthquakes in parts of the Chinese Malaysia Phone Number List capital of Alagoas. During the course of the process, the court responsible for the demand determined the unavailability of Braskem assets up to a limit of R$100 million. In April, the judge reporting the case at the Court of Justice of Alagoas (TJ-AL) ordered the suspension of the general meeting called for that month, the purpose of which was the distribution of dividends among the company's shareholders.
According to Minister Noronha, the facts and arguments presented by Braskem show that the TJ-AL judge's decision causes serious harm to the public economy, a situation that justifies the suspension of the injunction. "Despite the thorough examination by the reporting judge regarding the requests for suspensive effect formulated by those interested in the aforementioned interlocutory appeal, I understand that, by determining the suspension of the aforementioned meeting and, in practical terms, suspending the distribution of dividends, the amount of which is significant , the Judgment affected, directly and indirectly, the local and national economy", he explained. National interest The president of the STJ stated that, without delving into the merits of the case, it is possible to verify that, contrary to what was desired, the decision to be suspended affects the local and national public interest.