Livestock Connection Audgers evaluate the conditions and existence of the cattle

The company Livestock connection It was intervened by decision of the Justice, before Creditors Contest As some of their investors, as well as their satellite companies that now request the partial lifting of the prohibition of innovating with the livestock to be able to comply with part of their financial obligations.

The Judge of Contest of 1st Turn, Leonardo Méndez declared the intervention on Livestock connectionbeing the lawyer Alfredo Ciavattone, specialized in bankruptcy law and president of the Uruguay bankruptcy law commission, the inspector designated for the task. Ciavattone was also designated as a trustee of the contest Larrate group.

In this context, Ciavattone in charge of reviewing the conditions under which companies are, as well as trying to keep the position of their workers and verify the conditions of livestock. That is why the auditor lawyer sent several advisers and counters to the companies in Florida to analyze their documentation.

For the review of the cattle, whether the count as well as the review of their conditions, they have the support of the Ministry of Livestock, Agriculture and Fisheries (MGAP) For the task. However, the allocation to each investor is difficult since the cattle did not bear the name of the savers.

The request of satellite companies

Weeks ago the judicial intervention of Livestock connectionthe embargo being approximately 1.8 billion dollars. However, from the intervention of other satellite companies of the livestock financial (ETRANIL SA, Of the terroir SRL and Bamidal SA), The amount reached 10 million dollars.

To this is added, that Justice denied the request of some savers – represented by the study Brum & Costa – To seize the widow and the daughter of Gustavo Bassothe co -founder of the company that died in a traffic accident in November last year.

For their part, companies claimed that the prohibition of innovating with livestock be partially lifted since they have the objective of selling a total of 1,000 fat cows, among other animals, to be able to comply with some of their commercial obligations.

In this way, the sale would serve to carry out the maintenance of livestock (food, veterinary expenses, among others), to pay the rural workers and employees of the signatures of Montevideo and Florida. Thus, the sale of these specimens would also be key to comply with some of their creditors.