OSX WHP 1&2 Leasing suspension of payments approved by Dutch court

By Caroline Salls

Pittsburgh, July 10 – OSX Brasil SA said the management of OSX WHP 1&2 Leasing BV presented and was granted a formal request for suspension of payments before a Dutch court, according to a news release.

The company said the payment suspension was requested in light of measures taken by an alleged lender and in an effort to prevent isolated actions from resulting in possible improper advantages, which would prevent the adoption of equal treatment in the restructuring of its debts.

The court approval interrupted all collection efforts related to unsecured debts of OSX WHP 1&2 Leasing, the release said.

OSX Brasil is a Rio de Janeiro-based oil and gas holding company.

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