Rede obtains court approval for Energisa buy

Brazilian firms Felsberg e Associados and Lilla Huck, Otranto, Camargo, and the New York, Miami and São Paulo offices of White & Case LLP have helped struggling Brazilian energy conglomerate Rede win court approval for a restructuring plan which will see the group sold to Energisa, undoing an earlier agreement for a sale to Equatorial and CPFL.