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Braskem S.A. Board of Directors unanimously adopted resolutions to seek protective measures for the company and its…
BAKBraskem SA
Braskem S.A. Board of Directors unanimously adopted resolutions to seek protective measures for the company and its controlled companies, including the institution of a mediation proceeding with financial creditors and the commencement of judicial proceedings for Emergency Precautionary Relief under Brazilian Law No. 11.101/2005. The company also authorized the appointment of Antonio Reinaldo Rabelo Filho as foreign representative for potential Chapter 15 proceedings in the United States. Braskem S.A. is a petrochemical company that produces various chemical and plastic products.