EISA Group Requested Its Judicial Reorganization Proceeding In Brazil

On February 03, 2016, it was granted the processing of the judicial reorganization of the following companies from EISA Group ("EISA Group") in Brazilian Courts: EISA - Estaleiro S/A e EISA Petro-um S/A. ("EISA Group"). The lawsuit was assigned to the First Business Court of the City of Rio de Janeiro, State of Rio de Janeiro, dockets No. 0494824-53.2015.8.19.0001. Now, EISA Group shall present a plan within 60 days, informing the manner it proposes payment of its debts. The granting of the authorization also triggers the suspension of the existing lawsuits against EISA Group for 180 days. Reorganization Plans usually entices payment of debts in several installments and with substantial discounts. The official list of creditors appointing the amounts due by EISA Group was not published in the Official Gazette. The creditors not included in the official list or the credits of which are not appointed correctly shall present a motion to the judicial administrator