Prosecutor demands cuts to Vasco’s recovery plan, find out more | OneFootball

Vasco da Gama received a crucial statement from the Public Prosecutor's Office (MP) regarding its Judicial Recovery process. The body analyzed the 3rd Addendum of the Plan and, although it recognized the validity and strong support from creditors, it demanded “mandatory corrections” to ensure legal security.

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What the MP ordered to be cut

According to an investigation by the Podcast Cruzmaltino, the MP identified points that violate the law. The body requested the immediate removal of clause 5.8, which penalized creditors who did not send bank details within the deadline. For the prosecution, this violates the principle of equality.

Other clauses (7.4 and 7.7) were also vetoed. They improperly altered third-party guarantees and judicial observation periods, violating articles of the Bankruptcy Law (Law 11.101). Vasco will have to adjust these points to move forward.

The deadline for certificates and football as a priority

The opinion suggests that the judge grants the recovery, but with one condition: Vasco will have 60 business days to present the Negative Debt Certificates (CNDs) fiscal.

The MP document reinforces a vital point: the economic activity of the SAF and the club is the main asset. In other words, keeping football running is the only way to ensure that labor and civil debts are paid as agreed.

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This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.