Appeals court recognises foreign ship mortgage in OSX bankruptcy

Three firms have helped Scandinavian investor services company Nordic Trustee win an appeal at Brazil’s highest appeals court, recognising the validity of a US$530 million Liberian-law mortgage over OSX-3, a vessel belonging to the shipbuilding and leasing arm of disgraced businessman Eike Batista’s EBX conglomerate, OSX.

Get unlimited access to all Latin Lawyer content