A 777 Partners, investor of Vasco da Gamathis week began a counterattack to resume control of the SAF of the Rio club. Under the representation of a new group of lawyers, the American company requested on Monday (27) the challenge of the referee chosen by Cruz-Maltino in the arbitration chamber that discusses the contract between the companies.
Ana Tereza Basilio, elected president of the Rio de Janeiro OAB in November 2024, was chosen by Vasco for the arbitration chamber, composed of an indication of each party and an independent president.
In early January, 777 made a request for clarification to the House, constituted by the Getúlio Vargas Foundation (FGV), on the professional and personal relationship between Basilio and Paulo César Salomão Filho, vice president of Vasco.
In the document, to which the Infomoney It was accessed, cases are mentioned in which both offices acted together, such as the cases of Oi and American judicial recurrences.
Solomon is regarded as a strong name at Vasco and was one of the lawyers who signed the request for suspension of the 777 contract with the Rio club. He is also a federal counselor of the Basilio plate at the OAB.
It was based on the arguments of the request for clarification that the investor requested the challenge of the lawyer’s name. The process to define the challenge should last up to 45 days, between the subpoena of Basil and the decision.
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In the Arbitration Chamber, Vasco seeks to terminate the contract with 777 for the sale of its SAF. Investors want to resume control.
The report of Infomoney He sought Vasco and referee Ana Tereza Basilio. However, it did not get answers until the publication of this text. The space remains open to them.
Judicial dispute
The 777 bought 70% of Vasco’s SAF participation in 2022, for R $ 700 million. In May 2024, an injunction by Judge Paulo Assed Estefan of the 4th Rio de Janeiro Business Court returned control to the club, arguing that the company would not be able to afford scheduled payments.
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About R $ 300 million were deposited by the investor and a new installment in similar dimension was a program in a contract, but the judge’s decision was made before this time.
Outside Brazil, the controller has faced other disputes and financial problems. In England a court ruled that the company’s branch should be closed and the company was evicted from offices in the United States for lack of rent. International news vehicles mention the possibility of bankruptcy and pressure from the group’s main creditor, the insurer A-CAP.
This Wednesday (29) an appeal of the injunction would be tried by the Court of Rio de Janeiro (TJRJ) and was withdrawn from the agenda after request from 777.
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After the departure of Sérgio Bermudes also from this case, Dickstein Lawyers took over the process.
Joshua Wander and Steven Passko, members of the 777 Partners, has been closely following the ongoing processes in Brazil at meetings at a two -day frequency with the representatives.
More than resuming control, 777 wants to sit at the table in any SAF sales negotiations. Since leaving control, led by former player Pedrinho, and possible buyers.
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As the injunction is provisional, for 777 a positive decision in arbitration stating that the contract between companies is valid would be how to give the final word in the question.
Representatives exchange
The Monteiro de Castro, Stoguti Advogados and Dickstein Lawyers’ offices assumed, respectively, the arbitration and judicial process by 777, after the departure of Sérgio Bermudes Lawyers of the case.
According to the column of the newspaper O Globo, 777 would have failed to pay amounts close to $ 2 million in fees, which led to the exit.
From what InfoMoney learned from sources with knowledge of the subject, payments would not have occurred due to a disagreement between company and office.
