{"id":127756,"date":"2019-06-19T14:29:07","date_gmt":"2019-06-19T14:29:07","guid":{"rendered":"https:\/\/dr1.do\/?p=127756"},"modified":"2019-06-24T01:09:44","modified_gmt":"2019-06-24T01:09:44","slug":"odebrecht-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2019\/06\/19\/odebrecht-files-for-bankruptcy\/","title":{"rendered":"Odebrecht files for bankruptcy"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img loading=\"lazy\" width=\"600\" height=\"320\" src=\"https:\/\/dr1.do\/wp-content\/uploads\/2019\/01\/ODEBRECHT-Diario-Libre.jpg\" alt=\"\" class=\"wp-image-121940\" srcset=\"https:\/\/dr1.com\/news\/wp-content\/uploads\/2019\/01\/ODEBRECHT-Diario-Libre.jpg 600w, https:\/\/dr1.com\/news\/wp-content\/uploads\/2019\/01\/ODEBRECHT-Diario-Libre-300x160.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n\n\n\n<p>Brazilian construction conglomerate Odebrecht S.A. filed for bankruptcy protection on Monday 17 June 2019 in a S\u00e3o Paulo court. The group is seeking to restructure 51 billion reais (US$13 billion) of its overall debt, which allegedly reaches up to 98.5 billion reais (US$25.3 billion), a move that would become Latin America\u2019s largest-ever in-court debt restructuring. The procedure would allow the construction giant to continue operating while granting a six-month period to settle with its creditors.<\/p>\n\n\n\n<p>Founded in 1944 in the northern state of Bah\u00eda, Odebrecht, which employed 180,000 people five years ago, faces a string of financial difficulties since the uncovering of the high-profile corruption scheme known as Lava Jato (\u2018Operation Car Wash\u2019). According to the US Justice Department, between 2004 and 2014, Odebrecht allegedly paid around US$788 million in bribes to governments in Peru, Mexico, Brazil, Dominican Republic and eight other countries to receive state contracts. This includes US$92 million paid mainly to Dominican government officers to expedite contract work for the Brazilian company. <\/p>\n\n\n\n<p>Read more:<br><a href=\"https:\/\/www.latinousa.org\/2019\/06\/18\/odebrechtbankruptcy\/\">Latino USA<\/a><\/p>\n\n\n\n<p>19 June 2019<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Brazilian construction conglomerate Odebrecht S.A. filed for bankruptcy protection on Monday 17 June 2019 in a S\u00e3o Paulo court. The group is seeking to restructure 51 billion reais (US$13 billion) of its overall debt, which allegedly reaches up to 98.5 billion reais (US$25.3 billion), a move that would become Latin America\u2019s largest-ever in-court debt restructuring. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2019\/06\/19\/odebrecht-files-for-bankruptcy\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[154,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/127756"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=127756"}],"version-history":[{"count":2,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/127756\/revisions"}],"predecessor-version":[{"id":127798,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/127756\/revisions\/127798"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=127756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=127756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=127756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}