SEQUOR LAW, P.A.

UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

MIAMI DIVISION

www.flsb.uscourts.gov

In re:

SCHAHIN HOLDINGS S.A.,

BASE ENGENHARIA E SERVIÇOS Chapter 15

DE PETRÓLEO E GÁS S.A. 

A/K/A SCHAHIN ENGENHARIA S.A., Case No.:

SCHAHIN EMPREENDIMENTOS 

IMOBILIARIOS LTDA, 

SCHAHIN SECURITIZADORA 

DE CRÉDITOS FINANCEIROS S.A.

SCHAHIN DESENVOLVIMENTO 

IMOBILIÁRIOS S.A., 

COMPANHIA SCHAHIN DE ATIVOS,

MTS PARTICIPAÇÕES S.A.,

SATASCH PARTICIPAÇÕES LTDA,

DEEP BLACK DRILLING LLP,

Debtors in a Foreign Proceeding.

_________________________________/

MOTION FOR ORDER GRANTING RECOGNITION OF FOREIGN MAIN 

PROCEEDING PURSUANT TO §§ 1515 AND 1517 OF THE BANKRUPTCY CODE 

OSANA MENDONÇA, as the representative for KPMG Corporate Finance LTDA, courtappointed bankruptcy trustee and the foreign legal representative (the “Foreign Representative”) 

for the bankruptcy estates of SCHAHIN HOLDINGS S.A., BASE ENGENHARIA E SERVIÇOS 

DE PETRÓLEO E GÁS S.A. A/K/A SCHAHIN ENGENHARIA S.A., SCHAHIN

EMPREENDIMENTOS IMOBILIARIOS LTDA, SCHAHIN SECURITIZADORA DE 

CRÉDITOS FINANCEIROS S.A., SCHAHIN DESENVOLVIMENTO IMOBILIÁRIOS S.A., 

COMPANHIA SCHAHIN DE ATIVOS, MTS PARTICIPAÇÕES S.A., SATASCH 

PARTICIPAÇÕES LTDA, and DEEP BLACK DRILLING LLP (the “Debtors”), files this Motion 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 1 of 47
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SEQUOR LAW, P.A.

for Order Granting Recognition of Foreign Main Proceeding Pursuant to §§ 1515 and 1517 of 

the Bankruptcy Code (the “Motion”). The Motion seeks entry of an Order granting (i) recognition,

pursuant to 11 U.S.C. § 15171, of the Debtors’ court-approved insolvency proceeding pending in 

2nd Bankruptcy and Reorganization Court of São Paulo, Brazil (the “Brazilian Bankruptcy Court”) 

under case no. 1037133-31.2015.8.26.0100 (the “Brazilian Bankruptcy Case”); (ii) related relief 

pursuant to sections 1520 and 1521 of the Bankruptcy Code; and (iii) any other and further relief 

which may be available under the Bankruptcy Code. In support of the Motion, the Foreign 

Representative respectfully states as follows:

PRELIMINARY STATEMENT

1. The Foreign Representative files the Chapter 15 Petition for Recognition of a 

Foreign Proceeding (the “Petition”) seeking recognition of the Brazilian Bankruptcy Case as a 

“foreign main proceeding” as defined in section 1502(4) of the Bankruptcy Code. 

2. The Declaration of the Foreign Representative (the “Declaration”), made under 

penalty of perjury, addressing the requirements of § 1515(c) of the Bankruptcy Code and Federal 

Rule of Bankruptcy Procedure 1007(a)(4), is attached hereto as Exhibit “A”.

3. The Order placing the Debtors in liquidation pursuant to Brazilian law is attached 

to the Declaration as Exhibit 2.

4. The Petition, this Motion, and the accompanying Declaration demonstrate that the 

Brazilian Bankruptcy Case should be recognized as a foreign main proceeding pursuant to section 

1517 of the Bankruptcy Code. 

5. The Foreign Representative seeks the type of relief that Chapter 15 was designed 

 

1 Unless otherwise specified herein, all statutory references shall be to Title 11 U.S.C. § 

101 et seq. (the “Bankruptcy Code”).

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 2 of 47
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SEQUOR LAW, P.A.

to provide, and the Brazilian Bankruptcy Case and this Petition meet all the requirements for 

recognition and the requested relief. 

JURISDICTION AND VENUE

6. The Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 1334 and 157 

of the Bankruptcy Code.

7. This is a “core” proceeding pursuant to 28 U.S.C. § 157(b)(2)(P), and the Court 

may enter a final order consistent with Article III of the United States Constitution.

8. Brazil is the Debtors’ center of main interests, as most of them are incorporated in 

Brazil and all had their headquarters and business operations is in Brazil.

9. Venue is proper in this district under 28 U.S.C. § 1410 as, among other things, the 

Foreign Representative has retained Sequor Law in this district who is holding unused retainer 

funds. In addition, Sequor Law holds in its trust account in this District US$997.00 deposited by 

the Foreign Representative on behalf of and for the benefit of the Debtors, to which funds Sequor 

Law has no rights of setoff, charging lien, or similar right

BACKGROUND

A. The Debtors’ Historical Business Activities

10. On or about 1966, Milton and Salim Schahin founded a large conglomerate of 

companies some of which are the Debtors and numerous other affiliated entities. This family of 

companies were managed and controlled by these principals as a single economic group (the 

“Schahin Group”). Initially, the Schahin Group focused their operations in government contracts 

for the construction of substantial infrastructure projects. Later the Schahin Group expanded their 

business activities into other areas such as telecommunication, banking, energy, oil and gas. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 3 of 47
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SEQUOR LAW, P.A.

11. Specifically, around 2010, due to the growth of Brazilian economy and the Schahin

Group’s close ties to Brazilian public authorities, the Schahin Group started shifting their business 

activities from infrastructure projects to prospecting oil and gas. Its main partner in the oil business 

was Petrobrás, the Brazilian state-controlled oil company. Collectively, the Schahin Group became 

one of Brazil’s most significant industry leaders. 

12. According to the Schahin Group’s reorganization filing, the collapse of the 

Brazilian economy, the decrease of the international price of petroleum, the rise of US dollar value 

against the Brazilian real, the corruption scandal involving Petrobrás, which resulted in the 

companies being investigated by the “Lava Jato Operation,” and the subsequent refusal of public 

and private banks to extend credit, allegedly caused the Schahin Group to default on a debt totaling

approximately R$6,498,235,325.61 (or USD$1,800,000,000).

B. The Lava Jato Investigation

13. The Lava Jato Operation, or Operation Car Wash, is an ongoing federal criminal 

investigation in Brazil that caused the arrest of several politicians worldwide, such as the former 

Brazilian president Luis Inácio Lula Da Silva, and businesspeople such as Marcelo Odebrecht, heir 

and former CEO of one of the largest Brazilian conglomerate of construction companies in the 

world. Lava Jato initially started as a money laundering investigation related to illegal international 

wire transfers for the drug trade. 

14. Later, based on the evidence collected on the criminal investigation, it expanded to 

cover allegations of corruption at Petrobrás, in which executives allegedly accepted bribes in return 

for awarding contracts to construction firms at inflated prices. According to the Brazilian 

Authorities, 548 requests for international cooperation in more than 45 countries were issued, 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 4 of 47
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SEQUOR LAW, P.A.

while 88 criminal charges were pressed against 420 different individuals. As of February 2019, 

there have been 232 convictions against 151 people.

15. Based on the Lava Jato investigation, Salim and Milton Schahin were sentenced to 

9 years and 10 months in prison for the fraudulent management and corruption due to a fraudulent 

loan of R$12 million granted by the Schahin Bank S.A. (“Schahin Bank” or the “Bank”) to a cattle 

rancher named José Carlos Bumlai, which was intended to be transferred the Brazilian Labor Party 

or Partidos Trabalhadores (“PT”). 

C. Investigative Findings of the Schahin Group

16. Based on the case records, accounting of the Schahin Group, federal police reports, 

open source documents, depositions by whistleblowers, and other sources, there were evidences 

of further fraudulent activities by the Schahin Group, including the payment of bribes to several 

public officials and private agents. 

17. To date, there are 40 offshore companies in countries, including the United States, 

Panama, Bermuda, Austria, British Virgin Islands, Uruguay, which may have been used for the 

concealed diversion of assets from the Schahin Group.

18. The Foreign Representative submits that the additional relief requested under 

Section 1521 below is both necessary and appropriate. As this matter is an asset recovery 

investigation and enforcement, the Foreign Representative needs to (and intends to) take discovery 

from witnesses in the United States on a variety of subjects including those related to (a) the 

general discovery of location and disposition of assets of the Debtor, (b) the general discovery 

regarding liabilities of the Debtor, (c) transactions with the Debtor, and (d) any claims in the 

foreign proceeding that may be threatened, contemplated, are currently pending (whether under 

seal or otherwise), against the Debtor, insiders or affiliates of the Debtor, persons who comingled 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 5 of 47
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SEQUOR LAW, P.A.

their assets with those of the Debtor, persons who engaged in misconduct along with Debtor, or 

fraudulent or preferential transferees. All such discovery will be taken in accordance with US law; 

thus, any witnesses will have all of the rights and protections afforded by US law. 

BASIS FOR RECOGNITION

19. The Foreign Representative has satisfied each of the requirements for recognition 

under Chapter 15 of the Bankruptcy Code, as follows:

(a) The Foreign Representative qualifies as a “foreign representative” under 

section 101(24) of the Bankruptcy Code by virtue of his appointment as judicial administrator the 

Debtors’ bankruptcy estate by the Brazilian Bankruptcy Court, which grants it the power to, among 

other things, (i) carry out the liquidation of the Debtors bankruptcy estate under Brazilian law; (ii) 

investigate the business and affairs of the Debtors including conducting discovery of documents 

and information wherever located; and (iii) pursue available claims for the benefit of the creditors. 

Implicit within the powers granted to him under Brazilian law, the Foreign Representative may 

file auxiliary insolvency proceedings abroad and be recognized as the foreign representative for 

the bankruptcy of the Debtors under the laws of Brazil. 

(b) The Brazilian Bankruptcy Case qualifies as a “foreign proceeding” under 

section 101(23) of the Bankruptcy Code because it is a judicial proceeding pending in the Brazilian

Bankruptcy Court under the bankruptcy laws of Brazil for the purpose of liquidation.

(c) The Brazilian Bankruptcy Case further qualifies as a “foreign main 

proceeding” because the Brazilian Bankruptcy Case is a foreign proceeding pending in São Paulo, 

Brazil, which was the Debtors’ center of main interest.

(d) Foreign Representative submits that section 109(a) of the Bankruptcy Code 

does not apply herein. To the extent section 109(a) of the Bankruptcy Code applies in Chapter 15 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 6 of 47
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SEQUOR LAW, P.A.

cases, each Debtor qualifies as a “debtor” under section 109(a) because the Debtor is the subject 

of a foreign proceeding and has assets in the United States, which include an amount on deposit 

with Sequor Law, P.A. 

(e) Lastly, this Motion is accompanied by the Brazilian Bankruptcy Court’s

Order Appointing the Foreign Representative. Further, the Statements required by Rule 1515(c) 

and Fed. R. Bankr. P. 1007(a)(4) are being filed together herewith. 

RELIEF REQUESTED 

20. By this Motion, the Foreign Representative respectfully requests an Order pursuant 

to sections 105(a), 1507, 1517, 1520 and 1521 of the Bankruptcy Code, substantially in the form 

of the Proposed Order, attached hereto as Exhibit “B”, granting the following relief:

(a) Recognizing the Brazilian Bankruptcy Case as a “foreign main proceeding” 

and the Foreign Representative as the foreign representative of the Debtors;

(b) Granting the relief allowable as of right upon recognition of a foreign main 

proceeding under section 1520 of the Bankruptcy Code;

(c) Granting the following additional relief under section 1521 of the 

Bankruptcy Code:

(1) providing for the examination of witnesses, the taking of evidence, 

and the delivery of information concerning the assets, affairs, rights, obligations or liability 

of the Debtors and the Debtors’ estate under § 1521(a)(4), the Federal Rules of Bankruptcy 

Procedure, including Fed. R. Bankr. P. 2004, and Local Rule 2004-1;

(2) entrusting the administration or realization of all of the assets of the 

Debtors within the territorial jurisdiction of the United States to the Foreign 

Representative;

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 7 of 47
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SEQUOR LAW, P.A.

(3) entrusting the distribution of all or part of the assets of the Debtors 

located within the United States to Foreign Representative;

(4) otherwise granting comity to and giving full force and effect to the 

Orders of the Brazilian Bankruptcy Court, including, without limitation, those attached as 

Exhibit 2 to the Declaration; and

(d) granting the Foreign Representative such other and further relief as this 

Court may deem just and proper.

CONCLUSION

WHEREFORE, the Foreign Representative respectfully requests that the Court enter an 

Order granting the relief requested herein and such other and further relief as the Court deems just 

and proper.

Dated: July 26, 2019 Respectfully submitted,

SEQUOR LAW, P.A.

1001 Brickell Bay Drive, 9th Floor

Miami, Florida 33131

Telephone: 305-372-8282

Facsimile: 305-372-8202

E-Mail: ggrossman@sequorlaw.com

afinley@sequorlaw.com

By: /s/ Amanda E. Finley 

Gregory S. Grossman

Florida Bar No. 896667

Amanda E. Finley

Florida Bar No. 100225

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 8 of 47
SEQUOR LAW, P.A.

EXHIBIT “A”

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 9 of 47
UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

MIAMI DIVISION

www.flsb.uscourts.gov 

In re:

SCHAHIN HOLDINGS S.A., 

BASE ENGENHARIA E SERVIÇOS Chapter 15 

DE PETRÓLEO E GÁS S.A. 

A/K/A SCHAHIN ENGENHARIA S.A., Case No.:

SCHAHIN EMPREENDIMENTOS 

IMOBILIARIOS LTDA, 

SCHAHIN SECURITIZADORA 

DE CRÉDITOS FINANCEIROS S.A.

SCHAHIN DESENVOLVIMENTO 

IMOBILIÁRIOS S.A., 

COMPANHIA SCHAHIN DE ATIVOS,

MTS PARTICIPAÇÕES S.A., 

SATASCH PARTICIPAÇÕES LTDA,

DEEP BLACK DRILLING LLP,

Debtors in a Foreign Proceeding.

_________________________________/ 

DECLARATION OF OSANA MENDONÇA OF KPMG 

CORPORATE FINANCE LTDA IN SUPPORT OF CHAPTER 15 

PETITION FOR RECOGNITION OF A FOREIGN PROCEEDING

I, OSANA MENDONÇA, as the representative for KPMG Corporate Finance LTDA 

(“KPMG” or the “Foreign Representative”), court-appointed bankruptcy trustee and the foreign 

legal representative for the Debtors hereby declare under penalty of perjury under the laws of the 

United States as follows: 

1. I am over the age of 18 and I am competent to make this Declaration. All statements 

contained herein are true and correct to the best of my knowledge and belief, my review of the 

relevant documents and from conversations with relevant personnel. If called upon, I could testify 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 10 of 47
Page 2 of 7

as to all matters set forth in this Declaration based upon my own personal knowledge, except for 

those portions specified as being otherwise. 

2. This Declaration is submitted in support of the Chapter 15 Petition for Recognition 

of a Foreign Proceeding (the “Petition”)1 and the Verified Motion for Order Granting Recognition 

of Foreign Main Proceeding Pursuant to §§ 1515 and 1517 of the Bankruptcy Code (the “Verified 

Motion”), seeking entry of an Order granting (i) recognition of the Brazilian Bankruptcy Case as 

a “foreign main proceeding” pursuant to section 1517 of the Bankruptcy Code; (ii) related relief 

under sections 1520, 1521; and (iii) other applicable relief under the Bankruptcy Code. 

Background 

A. The Debtors’ Historical Business Activities

3. On or about 1966, Milton and Salim Schahin founded a large conglomerate of 

companies that are now comprised of the Debtors and numerous other affiliated entities that were 

managed and controlled by these principals as a single economic group (the “Schahin Group”). 

Initially, the Schahin Group focused their operations in government contracts for the construction 

of substantial infrastructure projects. Later the Schahin Group expanded their business activities 

into other areas such as telecommunication, banking, energy, oil and gas. 

4. Specifically, around 2010, due to the growth of Brazilian economy and the Schahin

Group’s close ties to Brazilian public authorities, the Schahin Group started shifting their business 

activities from infrastructure projects to prospecting oil and gas. Its main partner in the oil business 

was Petrobrás, the Brazilian state-controlled oil company. Collectively, the Schahin Group became 

one of Brazil’s most significant industry leaders. 

 1 Capitalized terms not otherwise defined herein shall have the meaning ascribed to them 

in the Verified Motion. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 11 of 47
Page 3 of 7

5. According to the Schahin Group’s reorganization filing, the collapse of the 

Brazilian economy, the decrease of the international price of petroleum, the rise of US dollar value 

against the Brazilian real, the corruption scandal involving Petrobrás, which resulted in the 

companies being investigated by the “Lava Jato Operation,” and the subsequent refusal of public 

and private banks to extend credit, allegedly caused the Schahin Group to default on a debt totaling 

approximately R$6,498,235,325.61 (or USD$1,800,000,000). 

B. The Lava Jato Investigation 

6. The Lava Jato Operation, or Operation Car Wash, is an ongoing federal criminal 

investigation in Brazil that caused the arrest of several politicians worldwide, such as the former 

Brazilian president Luis Inácio Lula Da Silva, and businesspeople such as Marcelo Odebrecht, heir 

and former CEO of one of the largest Brazilian conglomerate of construction companies in the 

world. Lava Jato initially started as a money laundering investigation related to illegal international 

wire transfers for the drug trade. 

7. Later, based on the evidence collected on the criminal investigation, it expanded to 

cover allegations of corruption at Petrobrás, in which executives allegedly accepted bribes in return 

for awarding contracts to construction firms at inflated prices. According to the Brazilian 

Authorities, 548 requests for international cooperation in more than 45 countries were issued, 

while 88 criminal charges were pressed against 420 different individuals. As of February 2019, 

there have been 232 convictions against 151 people. 

8. Based on the Lava Jato investigation, Salim and Milton Schahin were sentenced to 

9 years and 10 months in prison for the fraudulent management and corruption due to a fraudulent 

loan of R$12 million granted by the Schahin Bank S.A. (“Schahin Bank” or the “Bank”) to a cattle 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 12 of 47
Page 4 of 7

rancher named José Carlos Bumlai, which was intended to be transferred the Brazilian Labor Party 

or Partidos Trabalhadores (“PT”). 

C. Investigative Findings of the Schahin Group

9. Based on the case records, accounting of the Schahin Group, federal police reports, 

open source documents, depositions by whistleblowers, and other sources, there were evidences 

of further fraudulent activities by the Schahin Group, including the payment of bribes to several 

public officials and private agents. 

10. To date, there are 40 offshore companies in countries, including the United States, 

Panama, Bermuda, Austria, British Virgin Islands, Uruguay, which may have been used for the 

concealed diversion of assets from the Schahin Group. 

D. The Brazilian Reorganization and Bankruptcy Proceeding

1. On April 17, 2015, the Debtors filed for reorganization. Initially, the principals of 

the Debtors attempted to include twenty-eight (28) entities in the substantively consolidated 

reorganization proceeding. 

2. On May 4, 2015, the Brazilian Bankruptcy Court entered an order only permitted 

nine (9) entities to be included in the reorganization. See the Reorganization Limitation Order 

attached as Ex. 1. This proceeding is pending in 2nd Bankruptcy and Reorganization Court of São 

Paulo, Brazil (the “Brazilian Bankruptcy Court”) under Case No. 1037133-31.2015.8.26.0100 (the 

“Brazilian Bankruptcy Case”).

3. This decision was appealed and affirmed by the São Paulo Court of Appeal. 

4. In February 2016, the creditors approved and Brazilian Bankruptcy Court 

confirmed a reorganization plan. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 13 of 47
Page 5 of 7

5. On March 1, 2018, the Brazilian Bankruptcy Court converted the reorganization 

into a bankruptcy proceeding as a result of the Debtors’ failure to comply with and make required 

payments under the reorganization plan and I was appointed over the Debtors’ estate. See the 

Conversion and Appointment Order attached as Ex. 2. 

6. As judicial administrator of the Debtors, I have the power to, among other things, 

administer and supervise the liquidation of the Debtors’ assets, investigate the actual causes of the 

liquidation, and, when necessary and with the court’s authorization, pursue causes of action for 

the benefit of creditors. I have authority to act as the Debtors’ foreign representative to seek 

Chapter 15 recognition of the Brazilian Bankruptcy Case or any other auxiliary proceedings 

abroad. 

7. For the reasons set forth below, I am advised of the following: (i) that I am a duly 

appointed “foreign representative” of the Brazilian Bankruptcy Proceeding and that the Brazilian 

Bankruptcy Proceeding constitutes a “foreign proceeding” within the meaning of subsections 

101(23) and (24) of the Bankruptcy Code, respectively; (ii) that this case was properly commenced 

in accordance with the requirements of the Bankruptcy Code; and (iii) that the Brazilian 

Bankruptcy Proceeding satisfies all the requirements to be recognized as a “foreign main 

proceeding” under Chapter 15 of the Bankruptcy Code. 

8. Based on the list presented in the reorganization proceeding, the creditors have 

made claims against the Debtors of approximately R$4.749.869.807,80 (or approximately 

US$1,255,628,946.22). Other claims are being investigated, which may result in a substantially 

larger amount of claims.

9. Because my investigation is ongoing, I am not yet able to ascertain the total value 

and/or location of the Debtors’ assets. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 14 of 47
Page 6 of 7

Grounds for Recognition

10. As judicial administrator, I am bestowed with the power to, among other things, 

investigate the affairs of the Debtors for purpose of recovering assets for the benefit of the 

creditors. This includes pursuing any available causes of action. 

11. I am seeking recognition to, among other things, recover the Debtors’ assets as well 

as other documentary and testimonial evidence from witnesses in furtherance of my investigative 

and asset recovery efforts as part of the Brazilian Bankruptcy Case. 

12. I need to investigate the possibility that other assets in the United States may have 

been acquired using funds of the Debtors. Thereafter, I hope to make recoveries to the extent 

possible, including by filing actions and asserting such proprietary claims as may be available to 

me in the United States. I may also bring claims against any third parties that are subject to suit 

and may have damaged or owe money to the Debtors in the United States, which may be subject 

to tracing claims. 

13. The result of the actions described above for which recognition of the Brazilian 

Bankruptcy Case is sought will benefit the creditors because such recognition will permit creditors 

of the Debtors further recovery opportunities in order to collect on their claims. 

Compliance with Federal Rule of Bankruptcy Procedure 1007(a)(4)

14. Pursuant to Federal Rule of Bankruptcy Procedure 1007(a)(4), I hereby disclose the 

following information: 

a. KPMG Corporate Finance LTDA represented by OSANA MENDONÇA is the 

duly appointed “judicial administrator” in the Brazilian Bankruptcy Case and the 

authorized foreign representative of the Debtors. 

b. KPMG Corporate Finance LTDA’s address is as follows:

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 15 of 47
Attn: OSANA MENDONCA 

Rua Arquiteto Olavo Redig de Campos, 105 - l 0th Floor 

04711-904, Sao Paulo, SP 

Brazil 

For purposes of this Bankruptcy Case, I respectfully request that any 

correspondence be sent, in addition to the address provided above to: 

Attn: Gregory S. Grossman 

Amanda Elizabeth Finley 

Sequor Law, P.A. 

1001 Brickell Bay Drive, 9th Floor 

Miami, Florida 33131 

c. The Debtors are not a party to any other litigation in the United States.

d. No provisional relief is being sought under 11 U .S.C. § 1519 against any particular

entity or person at this time. However, as foreign representative of the Debtors, the

judicial administrator reserves the right to seek provisional relief as needed.

Section 1515(c) Statement 

27. Other than this Chapter 15 Petition, I am not aware of any foreign proceedings of

the Debtor, as that term is defined under section 101(23) of the Bankruptcy Code. 

Pursuant to 28 U.S.C. § 1746, I declare under penalty of perjury under the laws of the 

United States of America that the foregoing is true and correct. 

Dated: July 18, 2019 

KPMG Corporate Finance L TDA, represented by 

OSANA MENDONCA, as Liquidator in the 

Debtors' court-approved bankruptcy proceeding 

Page 7 of7 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 16 of 47
SEQUOR LAW, P.A.

EXHIBIT “1”

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 17 of 47
Tradus;ao n° I-48673 

Livro n° 356 Maria Glaudia Santos llibeiro Ratto 

Folha 442 

TRADUTORA PUBUCA 

1, Maria Claudia Santos F.ibeiro Ratto, certified public translator, du!J admitted and sworn f?y the Commercial 

Registry of the Stale of Sao Paulo, Brazil, heref?y certify that a document was submitted to me, written in 

Portuguese, the translation of which is as follows: 

SAO PAULO STATE COURT OF APPEALS 

JUDICIAL DISTRICT OF s.Ao PAULO 

CENTRAL CIVJL COURTHOUSE 

2N1

) BANKRUPTCY AND REORGANIZATION COURT 

Advisement 

On May 4, 2015, I sent these case records to the Hon. Judge of the 2nd Bankruptcy and 

Reorganization Court of the Capital City, to be taken under advisement. Signed by me, Breno 

Oliveira dos Santos, Judiciary Assistant. 

ORDER 

Case No.: 1037133-31.2015.8.26.0100 - Court-Supervised Reorganization 

Claimant: Schahin Engenharia S/ A et alii 

Respondent Schahin Engenharia S/ A et alii 

Judge: Mr. Paulo Furtado de Oliveira Filho 

Having seen the case records: 

1 - A court-supervised reorganization petition was submitted by 13 local companies - Schahin 

Engenharia S/ A, Schahin Holding S/ A, Schahin Empreendimentos Imobiliarios Ltda., Schahin 

Dcsenvolvimento Imobiliario S/ A, MTS Participar;:oes Ltda., S.M. Participar;:oes S/ A, S2 Participar;:oes 

Ltda., Satasch Participa<;oes Ltda, Schahin Securitizadora de Creditos Financeiros S/ A, Companhia 

Schahin de Ativos, Schahin Aclministra<yao e Informatica Ltda., Foxborough Participac;oes Ltda., and 

HHS Participac;oes S / A - and 15 foreign companies - Schahin Holdco Ltd., Schahin Oil & Gas Ltd., 

Casablanca International Holdings Ltd., Carlyle's International Holding Ltd., M&S Drilling LLC, Milos 

Drilling Ltd., South Empire International LLC, Pelican Drilling Services Ltd., Deep Black Drilling LLP, 

Deep Black Drilling LLC, Riskle Holding Gmbh, Black Salt Drilling LLC, Black Diamond Drilling 

LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC, all of which are members of the 

Schahin group. 

2 Foreign companies Schahin Holdco Ltd., Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black 

Diamond Drilling LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC, represented by 

different counsel, appeared in the case records alleging that creditor Mizuho Bank Ltda. has, in the 

exercise of contractual guarantees, exercised its right to replace the managers of such companies. 

Mizuho Bank further reported in the records a decision of the Supreme Court of the British Virgin 

Islands ruling that any measure sought by such companies through their removed managers would be 

deemed illegal. 

The counselors that originally represented such companies requested to abandon the case. 

The companies also appeared before this court, by counsel subsequently appointed, and requested to 

abandon the case, which is hereby ratified. 

Therefore, Schahin Holdco Ltd., Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black 

Diamond Drilling LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC. are dropped 

from the case. 

3 As to the other foreign claimants, it is necessary to verify whether the legal requirements for the 

MARIA CLAUDIA SANTOS RIBEIRO RATIO - Tradutora Publics e lntllrprete Comercial - Portugu(ls - lnglGs • Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402- 9° andar- 01309-020- SAo Paulo - SP - Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388- e-mail: just@just.trd.br- www.just.lrd.br rf--' . 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 18 of 47
Tradu!rliO n° 1-48673 

Livro n° 356 

Folha 443 

joint reorganization petition and joinder of claimants are met. 

TRADUTORA PUBUCA 

This analysis is also necessary because the claimants have elected not to submit a reorganization 

petition for all the group companies, thereby acknowledging that the joinder of claimants is not 

compulsory. 

In the case of a permissive joinder of claimants, there must be a qualified connection between the 

claims that could be separately filed by each of the claimants. 

According to the complaint, "the foreign companies named in this Court-Supervised Reorganization 

Petition arc those that are linked to Schahin Engenharia (by virtue of the drill service agreements) and 

also of (sic) those that may have actions filed by foreign creditors against them" (p. 31). 

However, the foreign companies, except for Deep Black Drilling PP, are not the owners of the drills 

operated in Brazil. 

No Brazilian oil prospecting operation is developed by such companies, which also rules out the 

jurisdiction of this court. 

In addition, there is no evidence in the case records of the alleged risk of actions filed by foreign 

creditors against such companies which do not own the drills, with a potential harm to the 

reorganization of Schahin Engenharia. 

Therefore, either because they do not own the Lancer and Vitoria drills operated by Schahin Engenharia 

in Brazil, or because there is no evidence showing the alleged risk of actions filed against the foreign 

companies, with a potential harm to the reorganization of Schahin Engenharia, there is no factual or 

legal common point of affinity between the matters that could justify the application of art. 46, IV, of 

the Brazilian Code of Civil Procedure (CPC). 

Lest it be argued that this matter should be left to the discretion of the creditors, they are entitled to 

examine the reorganization plan, but the court has authority to review the lawfulness of the joinder of 

claimants. 

Therefore, I dismiss the request submitted by the foreign companies Riskle Holding Gmbh, 

Casablanca International Holdings Ltd., Milos Drilling Ltd., Deep Black Drilling LLC, South 

Empire International LLC, Pelican Drilling Services Ltd., Carlyle's International Holding Ltd., 

and M&S Drilling LLC. 

4 On the other hand, Deep Black Drilling LP is the only foreign company that develops a business 

activity directly related to that of Schahin Engcnharia. 

Deep Black is the charterer of the "Vitoria" drill operated by Schahin Engenharia. 

The operation of the "Vitoria" drill is at the service of another Brazilian company (i.e. Petrobras). 

The oil prospecting occurs in Brazil. 

The controlling shareholders of both Deep Black and Schahin Engenharia are individuals domiciled in 

Brazil. 

Therefore, Deep Black is directly linked with the "Vitoria" operation carried out in Brazil by Schahin 

Engenharia. 

Although it is an English company belonging to a Brazilian business group, its request for courtsupervised reorganization in Brazil is admissible. 

It is here that the business activity of the group is concentrated, which is the economic standard set 

forth in law to establish jurisdiction. 

5 - As to the local companies in the joinder of claimants, some of them are inactive: Foxborough 

Participa!roes Ltda.; HHS Participa!roes S/ A; Schahin Administta!rao e Informatica Ltda.; and 

MARIA CLAUDIA SANTOS RIBEIRO RATIO - Tradutora Publlca e lnt6rprete Comercial - Portugu6s - lngl6s - Matrlcula na JUCESP n° 1287 • CPF 935.223.988-15 - RG 5.302.029 

Rua Matias Aires, 402 - go andar- 01309-020- SIio Paulo - SP - Brasil- Tel. 55-11-3155-7383- Fax. 55-11-3155-7388 - e-mail: just@just.trd.br- www.just.trd.br f-..) 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 19 of 47
Tradu~ao n° 1-48673 

Livro n° 356 

Folha 444 

S2 Participa~oes Ltda. 

TRADUTORA PUBUCA 

If there is a legal obstacle to the reorganization of such companies that do not engage in a business 

activity, which is a requirement set forth in the main provision of art. 48 of Law No. 11.101 /2005, 1 

deny their request. 

The complaint also includes a financial credit secunttzation company, which is not linked to the 

construction or oil and gas exploration activities and is not even included in the latest organization 

chart of the group presented on p. 7046. 

The existence of two companies under common control, with absolutely different corporate purposes, 

without proof of the existence of a group interest is not sufficient for the admissibility of a request for 

joinder of claimants. 

Therefore, I deny the processing of such request submitted by Schahin Securitizadora de Creditos 

Financeiros S/ A. under a joinder of claimants. 

As to the other local companies directly or indirectly linked to the engineering and construction 

activities, the processing of their joint reorganization petition is admissible, as it has been sufficiently 

demonstrated that all of them operated under the same direction and are subject to the financial crisis 

that affected Schahin Engenharia S/ A. 

1 note that the validity of the petition submitted under a joinder of claimants does not automatically 

result in the consolidation of assets and liabilities, as the debtors are different legal entities. 

6 - Thus, given that the legal requirements, at least from a formal point of view, have been met, I grant 

the processing of the court-supervised reorganization of the following companies: 

SCHAHIN ENGENHARIA S/ A, a corporation with its principal place of business at Avenida 

Paulista, No. 2.300, 17th floor, suite 41, Cerqueira Cesar, in the City of Sao Paulo, State of Sao Paulo, 

enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ /MF) under 

No. 61.226.890/0001 -49 (exhibit 1.1); 

SCHAHIN HOLDING S/ A, a corporation with its principal place of business at Avenida Paulista, 

No. 2.300, 17th floor, Cerqueira Cesar, in the City of Sao Paulo, State of Sao Paulo, enrolled with the 

CNPJ/MP under No. 07.746.166/0001 -09; 

SCHAHIN EMPREENDIMENTOS IMOBILIARIOS LTDA., a limited liability company with 

its principal place of business at Rua Vergueiro, No. 2.009, 7th floor, suite 02, Vila Mariana, in the City 

of Sao Paulo, State of Sao Paulo, enrolled with the CNPJ /MF under No. 53.066.577 /0001-62; 

SCHAHIN DESENVOLVIMENTO IMOBILIARIO S/ A, a corporation with its principal place 

of business at Avenida Paulis ta, No. 2300, 17th floor, suite 3 7, Cerqueira Cesar, in the City of Sao Paulo, 

State of Sao Paulo, enrolled with the CNPJ/MF under No. 08.976.266/0001-86; 

COMPANHIA SCHAHIN DE ATIVOS, a corporation with its principal place of business at 

Avenida Paulista, No. 2300, 17th floor, suite 23, Cerqueira Cesar, 01310-300, enrolled with the 

CNPJ/MF under No. 08.078.716/0001-13; 

MTS PARTICIPA~OES LTDA., a limited liability company with its principal place of business at 

Avenida Paulista, No. 2300, 17th floor, suite 33, Cerqueira Cesar, in the City of Sao Paulo, State of Sao 

Paulo, enrolled with the CNPJ/MF under No. 04.202.902/0001-61; 

SM PARTICIPA(:0ES S/ A, a corporation with its principal place of business at Avenida Paulista, 

No. 2300, 17th floor, suite 64, Cerqueira Cesar, 01310-300, enrolled with the CNPJ/MF under No. 

05.528. 707 .0001-99; 

SATASCH PARTICIPA~OES LTDA., a limited-liability company with its principal place of 

business at Avenida Paulista, No. 2300, 17th floor, suite 32, Cerqueira Cesar, in the City of Sao Paulo, 

State of Sao Paulo, enrolled with the CNPJ/M.F under No. 04.200.380/ 0001-69; 

MARIA Cl.AUDIA SANTOS RIBEIRO RATIO - Tradutora Publics e lnterprete Comercial - Portugulls - lngllls - Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402 - 9° andar • 01309-020 - Sao Paulo - SP - Brasil • Tel. 55-11-3155-7383 • Fax. 55-11-3155-7388 • e-mail: Just@just.trd.br • www.just.trd.br ~ 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 20 of 47
TradU!JaO n° 1-48673 

Livro n° 356 Maria-GlauOia Santos llibeiro Ratto 

Folha 445 

TRADUTORA PUBUCA 

DEEP BLACK DRILLING LLP, a legal entity governed by the provisions of private law with its 

principal place of business in London, England, at Corporation Trust Center, 1209, on One Silk Street 

EC2Y 8HQ; 

l further order the following: 

6.1. - The appointment as trustee of KPMG CORPORATE FINANCE LTDA. ("KPMG"), CNPJ 

No. 29.414.117 /0001-01, represented by Ms. Osana Mendon~a, Brazilian Bar Association/Sao 

Paulo Chapter (OAB/SP) No. 122.930, with address at Rua Arquiteto Olavo Redig de Campos, 105 

10th floor, Postal Code (CEP) 04711-904, Sao Paulo, SP, Brazil, electronic address 

schahin2vfrj@gmail.com, which shall take oath within 48 hours. The trustee shall file its first report 

as a procedural incident of the court-supervised reorganization (procedural incident No. 0016841-

422015.8.26.0100), as well as the subsequent monthly reports; 

6.2. - No submission of certificates of good standing is required for the debtors to exercise their 

activities, subject to the legal exceptions; 

6.3 - Stay of any actions and executions against the debtors, as well as the respective limitation periods, 

it being understood that the case records shall remain with the courts were they are being processed, 

subject to the provisions of article 6, paragraphs 1, 2, and 7, article 49, paragraphs 3 and 4, and article 

52, item lll of the same Law. The debtors shall be responsible for giving notice of such stay to the 

relevant courts; 

6.4 - Submission of accounting statements by the debtors by the 30th day of each month, under penalty 

of removal of their controlling shareholders and managers. The first monthly accounts shall be filed as 

a procedural incident of the court-supervised reorganization (procedural incident No. 0016844-94. 

2015.8.26.0100), not in the main case records; 

6.5 - Submission of a reorganization plan within 60 days, under penalty of bankruptcy; 

6.6. Notification of Public Prosecutors' Office; 

6.7. - Notice to the Public Treasuries of the Federal Government and of the States and Municipalities 

where there are establishments of the debtors, for which purpose they shall submit a digitally-signed 

copy of this order and proof of delivery within 5 days; 

·6.8 - Notice to the Commercial Registries for annotation of the reorganization petition in the files of 

the claimants, for which the debtors shall submit a digitally-signed copy of this order and proof of 

delivery within 5 days; 

6.9. - Issuance of an official notice, in accordance with the provisions of article 52, paragraph 1 of Law 

No. 11.101 /2005, providing a term of 15 days for submission of any proofs of claim or disputes, which 

shall be submitted to the trustee at its abovementioned address or by email at 

schahin2vftj@gmail.com, which shall be included in the official notice. 

All powers of attorney, articles of association, and powers of attorney costs shall be filed by the 

creditors and interested parties in procedural incident No. 0016862-18.2015.8.26.0100, which is created 

solely for such purpose. 

I grant 48 hours for the debtors to submit a draft official notice in an electronic file. The clerk shall 

calculate the amount to be paid for publication of the official notice and give notice thereof to the 

counsel to the debtors by telephone for payment within 24 hours. The counsel shall be simultaneously 

notified to publish the official notice in a major newspaper on the same date of publication thereof in 

an official newspaper. 

I order notice hereof to be served on the parties. 

Sao Paulo, May 4, 2015. 

Paulo Furtado de Oliveira Filho 

MARIA CLAUDIA SANTOS RIBEIRO RATTO - Tradutora Publica e lnterprete Comerclal - Portugu~s - lngl~s • Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402 - 9° andar - 01309-020 - Silo Paulo - SP - Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388 - e-mail: just@just.trd.br • www.just.trd.br 'f,...Y 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 21 of 47
Tradu~ao n° 1-48673 

Livro n° 356 

Folha 446 

Case No. 1037133-31.2015.8.26.0100 - p. 

Maria·Claudia Santos ffibeiro Ratto 

TRAOUTORA PUBUCA 

This document is a copy of the original, digitally signed by PAULO ¥URTADO DE OLIVEIRA 

FILHO, and it was released in the case records on May 4, 2015 at 2:23 p.m. 

To view the original, please access 

https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do and enter case number 

1037133-31.2015.8.26.0100 and code 10284DD. 

IN WITNESS WHEREOF I set my hand and seal to this translation. 

pas/198345.doc 

S lio Paulo, February 14, 2019 

z~ 

MARIA CL4UOIA SANTOS RIBEIRO RATTO 

Tradutora Publica 

MARIA CLAUDIA SANTOS RIBEIRO RATTO- Tradutora Publica e lnterprete Comercial - Portuguas - lnglas • Matrfcula na JUCESP n° 1287 - CPF 935.223.988-15- RG 5.302.029 

Rua Matias Aires, 402 - 9° andar - 01309-020 - Sao Paulo - SP- Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388 - e-mail: just@just.trd.br - www.just.trd.br 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 22 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 1

Conclusão

Em 04 de maio de 2015, faço estes autos conclusos ao 

MM. Juiz de Direito da 2a Vara de Falências e Recuperações Judiciais da Capital. Eu,

Breno Oliveira dos Santos, Assistente Judiciáriosubscrevo.

DESPACHO

Processo no: 1037133-31.2015.8.26.0100 - Recuperação Judicial

Requerente: Schahin Engenharia S/A e outros

Requerido: Schahin Engenharia S/A e outros

Juiz(a) de Direito: Dr(a). Paulo Furtado de Oliveira Filho

Vistos.

1 - Trata-se de pedido de recuperação judicial formulado por 13 

sociedades nacionais - Schahin Engenharia S/A, Schahin Holding S/A, 

Schahin Empreendimentos Imobiliários Ltda., Schahin Desenvolvimento 

Imobiliário S/A, MTS Participações Ltda., S.M. Participações S/A, S2 

Participações Ltda., Satasch Participações Ltda, Schahin Securitizadora de

Créditos Financeiros S/A, Companhia Schahin de Ativos, Schahin

Administração e Informática Ltda., Foxborough Participações Ltda., HHS

Participações S/A e 15 sociedades estrangeiras - Schahin Holdco Ltd., 

Schahin Oil & Gas Ltd., Casablanca International Holdings Ltd., Carlyle's 

International Holding Ltd., M&S Drilling LLC, Milos Drilling Ltd., South 

Empire International LLC, Pelican Drilling Services Ltd., Deep Black 

Drilling LLP, Deep Black Drilling LLC, Riskle Holding Gmbh, Black Salt 

Drilling LLC, Black Diamond Drilling LLC, Black Oil Drilling LLC e Black 

Treasure Drilling LLC, integrantes do grupo Schahin.

2 - As sociedades estrangeiras Schahin Holdco Ltd., Schahin Oil & 

Gas Ltd, Black Salt Drilling LLC, Black Diamond Drilling LLC, Black Oil 

Drilling LLC e Black Treasure Drilling LLC, representadas por outros 

advogados, ingressaram nos autos, alegando que o credor Mizuho Bank 

Ltda., no exercício de garantias contratuais, exerceu o direito de substituir os 

administradores das referidas sociedades.

O Mizuho Bank também peticionou nos autos, noticiando decisão da

Suprema Corte das Ilhas Virgens Britâncias, determinando que qualquer

medida proposta por tais sociedades, pelos administradores destituídos,

seria considerada ilícita.

Os advogados que inicialmente representavam tais sociedades

pediram desistência.

As sociedades também ingressaram em juízo, por meio dos advogados

posteriormente constituídos, e pediram desistência, que fica homologada.

Portanto, excluam-se do polo ativo Schahin Holdco Ltd., 

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7049

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 23 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 2

Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black Diamond 

Drilling LLC, Black Oil Drilling LLC e Black Treasure Drilling LLC.

3 Quanto às demais requerentes sociedades estrangeiras, é preciso

verificar se estão presentes os requisitos legais para o pedido conjunto de

recuperação, em litisconsórcio ativo.

Essa análise se mostra ainda mais necessária quando os requerentes

fazem opção por não formular pedido de recuperação de todas as sociedades

do grupo, reconhecendo que o litisconsórcio não é necessário.

Se a hipótese é de litisconsórcio facultativo, exige-se uma vinculação

qualificada entre as demandas que poderiam ser propostas separadamente

por cada uma das requerentes.

Segundo a inicial, “as sociedades estrangeiras que estão compondo

esse Pedido de Recuperação Judicial são aquelas que estão ligadas à Schahin

Engenharia (em razão dos contratos de prestação de serviços das sondas) e 

também daquelas que podem ter ações de credores estrangeiros contra elas.” 

(fls. 31).

Porém, as sociedades estrangeiras, exceto a Deep Black Drilling PP, 

não são proprietárias da sondas operadas no Brasil.

Não há operação brasileira de prospecção de petróleo desenvolvida

por tais sociedades, o que também afasta a competência deste juízo.

Além disso, não há prova nos autos do alegado risco de ações de

credores estrangeiros contra tais sociedades que não são proprietárias das

sondas, com potencial prejuízo à recuperação da Schahin Engenharia.

Portanto, quer por não serem proprietárias das sondas Lancer e 

Vitoria operadas pela Schahin Engenharia no Brasil, quer pelo fato de que

não há elementos probatórios que demonstrem o alegado risco de ações

contra as sociedades estrangeiras com prejuízo à recuperação da Schahin

Engenharia, não há afinidade de questões por um ponto comum de fato ou 

de direito a justificar a incidência do art. 46, IV, do CPC. 

Nem se diga que esta matéria deveria ser deixada à apreciação dos 

credores, pois a eles cabe o exame do plano de recuperação, mas ao juiz a 

legalidade do litisconsórcio ativo.

Portanto, indefiro o pedido formulado pelas sociedades

estrangeiras Riskle Holding Gmbh, Casablanca International

Holdings Ltd., Milos Drilling Ltd, , Deep Black Drilling LLC, South

Empire International LLC, Pelican Drilling Services

Ltd., Carlyle's International Holding Ltd. e M&S Drilling LLC. 4 Já a Deep Black Drilling LP é a única sociedade estrangeira que

 explora atividade econômica diretamente ligada à da Schahin Engenharia.

A Deep Black é afretadora da sonda “Vitoria” operada pela Schahin

Engenharia.

A operação da sonda “Vitoria” está a serviço de outra empresa

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7050

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 24 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 3

brasileira (Petrobrás).

A prospecção do petróleo é no Brasil.

Os controladores da Deep Black e da Schahin Engenharia são pessoas

físicas domiciliadas no Brasil.

A Deep Black, portanto, está associada diretamente à operação

“Vitória” executada no Brasil pela Schahin Engenharia.

Embora sociedade de nacionalidade inglesa, integrando um grupo 

econômico brasileiro, viável o seu pedido de recuperação judicial no Brasil.

 Aqui está concentrada a atividade empresarial do grupo, critério

econômico previsto em lei para a fixação da competência.

5 Com relação às sociedades nacionais que integram o polo 

ativo, algumas delas são inativas: Foxborough Participações 

Ltda.; HHS Participações S/A; Schahin Administração e 

Informática Ltda.; S2 Participações Ltda. Havendo obstáculo legal para o processamento de recuperação dessas

sociedades sem o exercício de atividade empresarial, requisito previsto no 

art. 48, caput, da Lei 11.101/2005, indefiro o pedido por elas formulado.

Também consta da inicial uma sociedade que não está articulada às

atividades de construção ou de exploração de petróleo e gás, a securitizadora

de créditos financeiros, sequer incluída no último organograma do grupo 

apresentado a fls. 7046.

Não basta, para a admissão do pedido de litisconsórcio ativo, a 

existência de duas sociedades sujeitas ao controle comum, com objetos 

sociais absolutamente distintos, sem a prova da existência do interesse de

grupo.

Portanto, indefiro o processamento do pedido, em litisconsórcio ativo, 

por Schahin Securitizadora de Créditos Financeiros S/A.

Quanto às demais sociedades nacionais, ligadas direta ou 

indiretamente às atividades de engenharia e construção, estando

suficientemente demonstrado que todas atuavam sob a mesma direção,

 encontrando-se sujeitas à crise financeira que atingiu a Schahin Engenharia

S/A, viável o processamento do pedido de recuperação em conjunto.

Observo que o cabimento do pedido em litisconsórcio ativo não 

resulta automaticamente na consolidação de ativos e passivos, pois as

recuperadas têm personalidades jurídicas distintas.

6 - Assim sendo, e por estarem presentes, ao menos em um exame

formal, os requisitos legais, defiro o processamento da recuperação judicial

das seguintes sociedades:

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7051

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 25 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 4

SCHAHIN ENGENHARIA S/A, sociedade por ações com sede na

Avenida Paulista, no 2.300, 17o andar, conjunto 41, Cerqueira César, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o 

no 61.226.890/0001-49 (documento 1.1);

SCHAHIN HOLDING S/A, sociedade por ações com sede na

Avenida Paulista, no 2.300, 17o andar, Cerqueira Cesar, na Cidade de São 

Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o no 

07.746.166/0001-09;

SCHAHIN EMPREENDIMENTOS IMOBILIARIOS

LTDA., sociedade limitada com sede na Rua Vergueiro, no 2.009, 7o andar,

conjunto 02, Vila Mariana, na Cidade de São Paulo, Estado de São Paulo, 

inscrita perante o CNPJ/MF sob o no 53.066.577/0001-62;

SCHAHIN DESENVOLVIMENTO IMOBILIÁRIO S/A, sociedade por ações com sede na Avenida Paulista, no 2300, 17o andar,

conjunto 37, Cerqueira Cesar, na Cidade de São Paulo, Estado de São Paulo, 

inscrita perante o CNPJ/MF sob o no 08.976.266/0001-86;

COMPANHIA SCHAHIN DE ATIVOS, sociedade por ações com 

sede na Avenida Paulista, no 2300, 17o andar, conjunto 23, Cerqueira Cesar,

01310-300, inscrita perante o CNPJ/MF sob o no 08.078.716/0001-13;

MTS PARTICIPAÇÕES LTDA., sociedade limitada com sede na

Avenida Paulista, no 2300, 17o andar, conjunto 33, Cerqueira Cesar, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob 

o no 04.202.902/0001-61;

SM PARTICIPAÇÕES S/A, sociedade por ações com sede na

Avenida Paulista, no 2300, 17o andar, conjunto 64, Cerqueira Cesar,

01310-300, inscrita perante o CNPJ/MF sob o no 05.528.707.0001-99;

SATASCH PARTICIPAÇÕES LTDA., sociedade limitada com sede

na Avenida Paulista, no 2300, 17o andar, conjunto 32, Cerqueira Cesar, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o 

no 04.200.380/0001-69;

DEEP BLACK DRILLING LLP, pessoa jurídica de direito privado,

com sede em Londres, Inglaterra, Corporation Trust Center, 1209, na One

Silk Street EC2Y 8HQ;

Determino, ainda, o seguinte:

6.1. - Nomeação, como administradora judicial, da KPMG 

CORPORATE FINANCE LTDA. (“KPMG”), CNPJ

29.414.117/0001-01, representada pela Dra. Osana Mendonça, 

OAB/SP 122.930, com endereço à Rua Arquiteto Olavo Redig de Campos,

105 - 10o andar, CEP - 04711-904, São Paulo, SP - Brasil, e endereço

eletrônico schahin2vfrj@gmail.com que, em 48 horas, prestará

compromisso. Deverá o administrador judicial protocolar o primeiro

relatório como incidente à recuperação judicial (incidente no 0016841-42

2015.8.26.0100), assim como os relatórios mensais subsequentes.

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7052

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 26 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 5

6.2. - Dispensa de apresentação de certidões negativas para que as 

recuperandas exerçam suas atividades, ressalvadas as exceções legais;

6.3 - Suspensão das ações e execuções contra as recuperandas, e 

também o curso dos respectivos prazos prescricionais, permanecendo os 

autos nos juízos onde se processam, ressalvadas as disposições dos §§ 1o, 2o 

e 7o do artigo 6o e §§ 3o e 4o do artigo 49 e inciso III do artigo 52 da mesma

Lei. Caberá às recuperandas a comunicação da suspensão aos juízos

competentes;

6.4 - Apresentação de contas demonstrativas pelas recuperandas até o 

dia 30 de cada mês, sob pena de destituição dos seus controladores e 

administradores. As primeiras contas mensais deverão ser protocoladas

como incidente à recuperação judicial (incidente no 0016844-94.

2015.8.26.0100), e não nos autos principais;

6.5 Apresentação do plano de recuperação no prazo de 60 dias, sob 

pena de falência;

6.6. Intimação do Ministério Público;

6.7. - Comunicação às Fazendas Públicas da União, dos Estados e 

Municípios onde há estabelecimentos das recuperandas, que apresentarão,

para esse fim, cópia desta decisão, assinada digitalmente, comprovando a 

entrega em 5 dias;

6.8 - Comunicação à Juntas Comerciais para anotação do pedido de

recuperação nos registros das requerentes, apresentando as recuperandas

cópia desta decisão, assinada digitalmente, e comprovando a entrega, em 5 

dias;

6.9. - Expedição de edital, na forma do § 1o do artigo 52 da Lei

11.101/2005, com o prazo de 15 dias para habilitações ou divergências, que

deverão ser apresentadas ao administrador judicial, na sede acima

mencionada, ou por meio do endereço eletrônico 

schahin2vfrj@gmail.com, que deverá constar do edital.

Todas as procurações, contratos sociais e custas de mandato deverão

ser protocoladas pelos credores e interessados no incidente no

0016862-18.2015.8.26.0100, criado exclusivamente para esse fim.

Concedo prazo de 48 horas para as recuperandas apresentarem a 

minuta do edital, em arquivo eletrônico. Caberá à serventia calcular o valor a 

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7053

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 27 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 6

ser recolhido para publicação do edital, intimando por telefone o advogado

das recuperandas, para recolhimento em 24 horas. No mesmo ato, deverá ser 

intimado para providenciar a publicação do edital, em jornal de grande

circulação na mesma data em que publicado em órgão oficial.

Int.

São Paulo, 04 de maio de 2015.

Paulo Furtado de Oliveira Filho

Juiz de Direito

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7054

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 28 of 47
SEQUOR LAW, P.A.

EXHIBIT “2”

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 29 of 47
Tradus;ao n° I-48673 

Livro n° 356 Maria Glaudia Santos llibeiro Ratto 

Folha 442 

TRADUTORA PUBUCA 

1, Maria Claudia Santos F.ibeiro Ratto, certified public translator, du!J admitted and sworn f?y the Commercial 

Registry of the Stale of Sao Paulo, Brazil, heref?y certify that a document was submitted to me, written in 

Portuguese, the translation of which is as follows: 

SAO PAULO STATE COURT OF APPEALS 

JUDICIAL DISTRICT OF s.Ao PAULO 

CENTRAL CIVJL COURTHOUSE 

2N1

) BANKRUPTCY AND REORGANIZATION COURT 

Advisement 

On May 4, 2015, I sent these case records to the Hon. Judge of the 2nd Bankruptcy and 

Reorganization Court of the Capital City, to be taken under advisement. Signed by me, Breno 

Oliveira dos Santos, Judiciary Assistant. 

ORDER 

Case No.: 1037133-31.2015.8.26.0100 - Court-Supervised Reorganization 

Claimant: Schahin Engenharia S/ A et alii 

Respondent Schahin Engenharia S/ A et alii 

Judge: Mr. Paulo Furtado de Oliveira Filho 

Having seen the case records: 

1 - A court-supervised reorganization petition was submitted by 13 local companies - Schahin 

Engenharia S/ A, Schahin Holding S/ A, Schahin Empreendimentos Imobiliarios Ltda., Schahin 

Dcsenvolvimento Imobiliario S/ A, MTS Participar;:oes Ltda., S.M. Participar;:oes S/ A, S2 Participar;:oes 

Ltda., Satasch Participa<;oes Ltda, Schahin Securitizadora de Creditos Financeiros S/ A, Companhia 

Schahin de Ativos, Schahin Aclministra<yao e Informatica Ltda., Foxborough Participac;oes Ltda., and 

HHS Participac;oes S / A - and 15 foreign companies - Schahin Holdco Ltd., Schahin Oil & Gas Ltd., 

Casablanca International Holdings Ltd., Carlyle's International Holding Ltd., M&S Drilling LLC, Milos 

Drilling Ltd., South Empire International LLC, Pelican Drilling Services Ltd., Deep Black Drilling LLP, 

Deep Black Drilling LLC, Riskle Holding Gmbh, Black Salt Drilling LLC, Black Diamond Drilling 

LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC, all of which are members of the 

Schahin group. 

2 Foreign companies Schahin Holdco Ltd., Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black 

Diamond Drilling LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC, represented by 

different counsel, appeared in the case records alleging that creditor Mizuho Bank Ltda. has, in the 

exercise of contractual guarantees, exercised its right to replace the managers of such companies. 

Mizuho Bank further reported in the records a decision of the Supreme Court of the British Virgin 

Islands ruling that any measure sought by such companies through their removed managers would be 

deemed illegal. 

The counselors that originally represented such companies requested to abandon the case. 

The companies also appeared before this court, by counsel subsequently appointed, and requested to 

abandon the case, which is hereby ratified. 

Therefore, Schahin Holdco Ltd., Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black 

Diamond Drilling LLC, Black Oil Drilling LLC, and Black Treasure Drilling LLC. are dropped 

from the case. 

3 As to the other foreign claimants, it is necessary to verify whether the legal requirements for the 

MARIA CLAUDIA SANTOS RIBEIRO RATIO - Tradutora Publics e lntllrprete Comercial - Portugu(ls - lnglGs • Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402- 9° andar- 01309-020- SAo Paulo - SP - Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388- e-mail: just@just.trd.br- www.just.lrd.br rf--' . 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 30 of 47
Tradu!rliO n° 1-48673 

Livro n° 356 

Folha 443 

joint reorganization petition and joinder of claimants are met. 

TRADUTORA PUBUCA 

This analysis is also necessary because the claimants have elected not to submit a reorganization 

petition for all the group companies, thereby acknowledging that the joinder of claimants is not 

compulsory. 

In the case of a permissive joinder of claimants, there must be a qualified connection between the 

claims that could be separately filed by each of the claimants. 

According to the complaint, "the foreign companies named in this Court-Supervised Reorganization 

Petition arc those that are linked to Schahin Engenharia (by virtue of the drill service agreements) and 

also of (sic) those that may have actions filed by foreign creditors against them" (p. 31). 

However, the foreign companies, except for Deep Black Drilling PP, are not the owners of the drills 

operated in Brazil. 

No Brazilian oil prospecting operation is developed by such companies, which also rules out the 

jurisdiction of this court. 

In addition, there is no evidence in the case records of the alleged risk of actions filed by foreign 

creditors against such companies which do not own the drills, with a potential harm to the 

reorganization of Schahin Engenharia. 

Therefore, either because they do not own the Lancer and Vitoria drills operated by Schahin Engenharia 

in Brazil, or because there is no evidence showing the alleged risk of actions filed against the foreign 

companies, with a potential harm to the reorganization of Schahin Engenharia, there is no factual or 

legal common point of affinity between the matters that could justify the application of art. 46, IV, of 

the Brazilian Code of Civil Procedure (CPC). 

Lest it be argued that this matter should be left to the discretion of the creditors, they are entitled to 

examine the reorganization plan, but the court has authority to review the lawfulness of the joinder of 

claimants. 

Therefore, I dismiss the request submitted by the foreign companies Riskle Holding Gmbh, 

Casablanca International Holdings Ltd., Milos Drilling Ltd., Deep Black Drilling LLC, South 

Empire International LLC, Pelican Drilling Services Ltd., Carlyle's International Holding Ltd., 

and M&S Drilling LLC. 

4 On the other hand, Deep Black Drilling LP is the only foreign company that develops a business 

activity directly related to that of Schahin Engcnharia. 

Deep Black is the charterer of the "Vitoria" drill operated by Schahin Engenharia. 

The operation of the "Vitoria" drill is at the service of another Brazilian company (i.e. Petrobras). 

The oil prospecting occurs in Brazil. 

The controlling shareholders of both Deep Black and Schahin Engenharia are individuals domiciled in 

Brazil. 

Therefore, Deep Black is directly linked with the "Vitoria" operation carried out in Brazil by Schahin 

Engenharia. 

Although it is an English company belonging to a Brazilian business group, its request for courtsupervised reorganization in Brazil is admissible. 

It is here that the business activity of the group is concentrated, which is the economic standard set 

forth in law to establish jurisdiction. 

5 - As to the local companies in the joinder of claimants, some of them are inactive: Foxborough 

Participa!roes Ltda.; HHS Participa!roes S/ A; Schahin Administta!rao e Informatica Ltda.; and 

MARIA CLAUDIA SANTOS RIBEIRO RATIO - Tradutora Publlca e lnt6rprete Comercial - Portugu6s - lngl6s - Matrlcula na JUCESP n° 1287 • CPF 935.223.988-15 - RG 5.302.029 

Rua Matias Aires, 402 - go andar- 01309-020- SIio Paulo - SP - Brasil- Tel. 55-11-3155-7383- Fax. 55-11-3155-7388 - e-mail: just@just.trd.br- www.just.trd.br f-..) 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 31 of 47
Tradu~ao n° 1-48673 

Livro n° 356 

Folha 444 

S2 Participa~oes Ltda. 

TRADUTORA PUBUCA 

If there is a legal obstacle to the reorganization of such companies that do not engage in a business 

activity, which is a requirement set forth in the main provision of art. 48 of Law No. 11.101 /2005, 1 

deny their request. 

The complaint also includes a financial credit secunttzation company, which is not linked to the 

construction or oil and gas exploration activities and is not even included in the latest organization 

chart of the group presented on p. 7046. 

The existence of two companies under common control, with absolutely different corporate purposes, 

without proof of the existence of a group interest is not sufficient for the admissibility of a request for 

joinder of claimants. 

Therefore, I deny the processing of such request submitted by Schahin Securitizadora de Creditos 

Financeiros S/ A. under a joinder of claimants. 

As to the other local companies directly or indirectly linked to the engineering and construction 

activities, the processing of their joint reorganization petition is admissible, as it has been sufficiently 

demonstrated that all of them operated under the same direction and are subject to the financial crisis 

that affected Schahin Engenharia S/ A. 

1 note that the validity of the petition submitted under a joinder of claimants does not automatically 

result in the consolidation of assets and liabilities, as the debtors are different legal entities. 

6 - Thus, given that the legal requirements, at least from a formal point of view, have been met, I grant 

the processing of the court-supervised reorganization of the following companies: 

SCHAHIN ENGENHARIA S/ A, a corporation with its principal place of business at Avenida 

Paulista, No. 2.300, 17th floor, suite 41, Cerqueira Cesar, in the City of Sao Paulo, State of Sao Paulo, 

enrolled with the National Corporate Taxpayers Register of the Ministry of Finance (CNPJ /MF) under 

No. 61.226.890/0001 -49 (exhibit 1.1); 

SCHAHIN HOLDING S/ A, a corporation with its principal place of business at Avenida Paulista, 

No. 2.300, 17th floor, Cerqueira Cesar, in the City of Sao Paulo, State of Sao Paulo, enrolled with the 

CNPJ/MP under No. 07.746.166/0001 -09; 

SCHAHIN EMPREENDIMENTOS IMOBILIARIOS LTDA., a limited liability company with 

its principal place of business at Rua Vergueiro, No. 2.009, 7th floor, suite 02, Vila Mariana, in the City 

of Sao Paulo, State of Sao Paulo, enrolled with the CNPJ /MF under No. 53.066.577 /0001-62; 

SCHAHIN DESENVOLVIMENTO IMOBILIARIO S/ A, a corporation with its principal place 

of business at Avenida Paulis ta, No. 2300, 17th floor, suite 3 7, Cerqueira Cesar, in the City of Sao Paulo, 

State of Sao Paulo, enrolled with the CNPJ/MF under No. 08.976.266/0001-86; 

COMPANHIA SCHAHIN DE ATIVOS, a corporation with its principal place of business at 

Avenida Paulista, No. 2300, 17th floor, suite 23, Cerqueira Cesar, 01310-300, enrolled with the 

CNPJ/MF under No. 08.078.716/0001-13; 

MTS PARTICIPA~OES LTDA., a limited liability company with its principal place of business at 

Avenida Paulista, No. 2300, 17th floor, suite 33, Cerqueira Cesar, in the City of Sao Paulo, State of Sao 

Paulo, enrolled with the CNPJ/MF under No. 04.202.902/0001-61; 

SM PARTICIPA(:0ES S/ A, a corporation with its principal place of business at Avenida Paulista, 

No. 2300, 17th floor, suite 64, Cerqueira Cesar, 01310-300, enrolled with the CNPJ/MF under No. 

05.528. 707 .0001-99; 

SATASCH PARTICIPA~OES LTDA., a limited-liability company with its principal place of 

business at Avenida Paulista, No. 2300, 17th floor, suite 32, Cerqueira Cesar, in the City of Sao Paulo, 

State of Sao Paulo, enrolled with the CNPJ/M.F under No. 04.200.380/ 0001-69; 

MARIA Cl.AUDIA SANTOS RIBEIRO RATIO - Tradutora Publics e lnterprete Comercial - Portugulls - lngllls - Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402 - 9° andar • 01309-020 - Sao Paulo - SP - Brasil • Tel. 55-11-3155-7383 • Fax. 55-11-3155-7388 • e-mail: Just@just.trd.br • www.just.trd.br ~ 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 32 of 47
TradU!JaO n° 1-48673 

Livro n° 356 Maria-GlauOia Santos llibeiro Ratto 

Folha 445 

TRADUTORA PUBUCA 

DEEP BLACK DRILLING LLP, a legal entity governed by the provisions of private law with its 

principal place of business in London, England, at Corporation Trust Center, 1209, on One Silk Street 

EC2Y 8HQ; 

l further order the following: 

6.1. - The appointment as trustee of KPMG CORPORATE FINANCE LTDA. ("KPMG"), CNPJ 

No. 29.414.117 /0001-01, represented by Ms. Osana Mendon~a, Brazilian Bar Association/Sao 

Paulo Chapter (OAB/SP) No. 122.930, with address at Rua Arquiteto Olavo Redig de Campos, 105 

10th floor, Postal Code (CEP) 04711-904, Sao Paulo, SP, Brazil, electronic address 

schahin2vfrj@gmail.com, which shall take oath within 48 hours. The trustee shall file its first report 

as a procedural incident of the court-supervised reorganization (procedural incident No. 0016841-

422015.8.26.0100), as well as the subsequent monthly reports; 

6.2. - No submission of certificates of good standing is required for the debtors to exercise their 

activities, subject to the legal exceptions; 

6.3 - Stay of any actions and executions against the debtors, as well as the respective limitation periods, 

it being understood that the case records shall remain with the courts were they are being processed, 

subject to the provisions of article 6, paragraphs 1, 2, and 7, article 49, paragraphs 3 and 4, and article 

52, item lll of the same Law. The debtors shall be responsible for giving notice of such stay to the 

relevant courts; 

6.4 - Submission of accounting statements by the debtors by the 30th day of each month, under penalty 

of removal of their controlling shareholders and managers. The first monthly accounts shall be filed as 

a procedural incident of the court-supervised reorganization (procedural incident No. 0016844-94. 

2015.8.26.0100), not in the main case records; 

6.5 - Submission of a reorganization plan within 60 days, under penalty of bankruptcy; 

6.6. Notification of Public Prosecutors' Office; 

6.7. - Notice to the Public Treasuries of the Federal Government and of the States and Municipalities 

where there are establishments of the debtors, for which purpose they shall submit a digitally-signed 

copy of this order and proof of delivery within 5 days; 

·6.8 - Notice to the Commercial Registries for annotation of the reorganization petition in the files of 

the claimants, for which the debtors shall submit a digitally-signed copy of this order and proof of 

delivery within 5 days; 

6.9. - Issuance of an official notice, in accordance with the provisions of article 52, paragraph 1 of Law 

No. 11.101 /2005, providing a term of 15 days for submission of any proofs of claim or disputes, which 

shall be submitted to the trustee at its abovementioned address or by email at 

schahin2vftj@gmail.com, which shall be included in the official notice. 

All powers of attorney, articles of association, and powers of attorney costs shall be filed by the 

creditors and interested parties in procedural incident No. 0016862-18.2015.8.26.0100, which is created 

solely for such purpose. 

I grant 48 hours for the debtors to submit a draft official notice in an electronic file. The clerk shall 

calculate the amount to be paid for publication of the official notice and give notice thereof to the 

counsel to the debtors by telephone for payment within 24 hours. The counsel shall be simultaneously 

notified to publish the official notice in a major newspaper on the same date of publication thereof in 

an official newspaper. 

I order notice hereof to be served on the parties. 

Sao Paulo, May 4, 2015. 

Paulo Furtado de Oliveira Filho 

MARIA CLAUDIA SANTOS RIBEIRO RATTO - Tradutora Publica e lnterprete Comerclal - Portugu~s - lngl~s • Matrlcula na JUCESP n• 1287 • CPF 935.223.988-15 • RG 5.302.029 

Rua Matias Aires, 402 - 9° andar - 01309-020 - Silo Paulo - SP - Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388 - e-mail: just@just.trd.br • www.just.trd.br 'f,...Y 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 33 of 47
Tradu~ao n° 1-48673 

Livro n° 356 

Folha 446 

Case No. 1037133-31.2015.8.26.0100 - p. 

Maria·Claudia Santos ffibeiro Ratto 

TRAOUTORA PUBUCA 

This document is a copy of the original, digitally signed by PAULO ¥URTADO DE OLIVEIRA 

FILHO, and it was released in the case records on May 4, 2015 at 2:23 p.m. 

To view the original, please access 

https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do and enter case number 

1037133-31.2015.8.26.0100 and code 10284DD. 

IN WITNESS WHEREOF I set my hand and seal to this translation. 

pas/198345.doc 

S lio Paulo, February 14, 2019 

z~ 

MARIA CL4UOIA SANTOS RIBEIRO RATTO 

Tradutora Publica 

MARIA CLAUDIA SANTOS RIBEIRO RATTO- Tradutora Publica e lnterprete Comercial - Portuguas - lnglas • Matrfcula na JUCESP n° 1287 - CPF 935.223.988-15- RG 5.302.029 

Rua Matias Aires, 402 - 9° andar - 01309-020 - Sao Paulo - SP- Brasil - Tel. 55-11-3155-7383 - Fax. 55-11-3155-7388 - e-mail: just@just.trd.br - www.just.trd.br 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 34 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 1

Conclusão

Em 04 de maio de 2015, faço estes autos conclusos ao 

MM. Juiz de Direito da 2a Vara de Falências e Recuperações Judiciais da Capital. Eu,

Breno Oliveira dos Santos, Assistente Judiciáriosubscrevo.

DESPACHO

Processo no: 1037133-31.2015.8.26.0100 - Recuperação Judicial

Requerente: Schahin Engenharia S/A e outros

Requerido: Schahin Engenharia S/A e outros

Juiz(a) de Direito: Dr(a). Paulo Furtado de Oliveira Filho

Vistos.

1 - Trata-se de pedido de recuperação judicial formulado por 13 

sociedades nacionais - Schahin Engenharia S/A, Schahin Holding S/A, 

Schahin Empreendimentos Imobiliários Ltda., Schahin Desenvolvimento 

Imobiliário S/A, MTS Participações Ltda., S.M. Participações S/A, S2 

Participações Ltda., Satasch Participações Ltda, Schahin Securitizadora de

Créditos Financeiros S/A, Companhia Schahin de Ativos, Schahin

Administração e Informática Ltda., Foxborough Participações Ltda., HHS

Participações S/A e 15 sociedades estrangeiras - Schahin Holdco Ltd., 

Schahin Oil & Gas Ltd., Casablanca International Holdings Ltd., Carlyle's 

International Holding Ltd., M&S Drilling LLC, Milos Drilling Ltd., South 

Empire International LLC, Pelican Drilling Services Ltd., Deep Black 

Drilling LLP, Deep Black Drilling LLC, Riskle Holding Gmbh, Black Salt 

Drilling LLC, Black Diamond Drilling LLC, Black Oil Drilling LLC e Black 

Treasure Drilling LLC, integrantes do grupo Schahin.

2 - As sociedades estrangeiras Schahin Holdco Ltd., Schahin Oil & 

Gas Ltd, Black Salt Drilling LLC, Black Diamond Drilling LLC, Black Oil 

Drilling LLC e Black Treasure Drilling LLC, representadas por outros 

advogados, ingressaram nos autos, alegando que o credor Mizuho Bank 

Ltda., no exercício de garantias contratuais, exerceu o direito de substituir os 

administradores das referidas sociedades.

O Mizuho Bank também peticionou nos autos, noticiando decisão da

Suprema Corte das Ilhas Virgens Britâncias, determinando que qualquer

medida proposta por tais sociedades, pelos administradores destituídos,

seria considerada ilícita.

Os advogados que inicialmente representavam tais sociedades

pediram desistência.

As sociedades também ingressaram em juízo, por meio dos advogados

posteriormente constituídos, e pediram desistência, que fica homologada.

Portanto, excluam-se do polo ativo Schahin Holdco Ltd., 

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7049

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 35 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 2

Schahin Oil & Gas Ltd, Black Salt Drilling LLC, Black Diamond 

Drilling LLC, Black Oil Drilling LLC e Black Treasure Drilling LLC.

3 Quanto às demais requerentes sociedades estrangeiras, é preciso

verificar se estão presentes os requisitos legais para o pedido conjunto de

recuperação, em litisconsórcio ativo.

Essa análise se mostra ainda mais necessária quando os requerentes

fazem opção por não formular pedido de recuperação de todas as sociedades

do grupo, reconhecendo que o litisconsórcio não é necessário.

Se a hipótese é de litisconsórcio facultativo, exige-se uma vinculação

qualificada entre as demandas que poderiam ser propostas separadamente

por cada uma das requerentes.

Segundo a inicial, “as sociedades estrangeiras que estão compondo

esse Pedido de Recuperação Judicial são aquelas que estão ligadas à Schahin

Engenharia (em razão dos contratos de prestação de serviços das sondas) e 

também daquelas que podem ter ações de credores estrangeiros contra elas.” 

(fls. 31).

Porém, as sociedades estrangeiras, exceto a Deep Black Drilling PP, 

não são proprietárias da sondas operadas no Brasil.

Não há operação brasileira de prospecção de petróleo desenvolvida

por tais sociedades, o que também afasta a competência deste juízo.

Além disso, não há prova nos autos do alegado risco de ações de

credores estrangeiros contra tais sociedades que não são proprietárias das

sondas, com potencial prejuízo à recuperação da Schahin Engenharia.

Portanto, quer por não serem proprietárias das sondas Lancer e 

Vitoria operadas pela Schahin Engenharia no Brasil, quer pelo fato de que

não há elementos probatórios que demonstrem o alegado risco de ações

contra as sociedades estrangeiras com prejuízo à recuperação da Schahin

Engenharia, não há afinidade de questões por um ponto comum de fato ou 

de direito a justificar a incidência do art. 46, IV, do CPC. 

Nem se diga que esta matéria deveria ser deixada à apreciação dos 

credores, pois a eles cabe o exame do plano de recuperação, mas ao juiz a 

legalidade do litisconsórcio ativo.

Portanto, indefiro o pedido formulado pelas sociedades

estrangeiras Riskle Holding Gmbh, Casablanca International

Holdings Ltd., Milos Drilling Ltd, , Deep Black Drilling LLC, South

Empire International LLC, Pelican Drilling Services

Ltd., Carlyle's International Holding Ltd. e M&S Drilling LLC. 4 Já a Deep Black Drilling LP é a única sociedade estrangeira que

 explora atividade econômica diretamente ligada à da Schahin Engenharia.

A Deep Black é afretadora da sonda “Vitoria” operada pela Schahin

Engenharia.

A operação da sonda “Vitoria” está a serviço de outra empresa

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7050

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 36 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 3

brasileira (Petrobrás).

A prospecção do petróleo é no Brasil.

Os controladores da Deep Black e da Schahin Engenharia são pessoas

físicas domiciliadas no Brasil.

A Deep Black, portanto, está associada diretamente à operação

“Vitória” executada no Brasil pela Schahin Engenharia.

Embora sociedade de nacionalidade inglesa, integrando um grupo 

econômico brasileiro, viável o seu pedido de recuperação judicial no Brasil.

 Aqui está concentrada a atividade empresarial do grupo, critério

econômico previsto em lei para a fixação da competência.

5 Com relação às sociedades nacionais que integram o polo 

ativo, algumas delas são inativas: Foxborough Participações 

Ltda.; HHS Participações S/A; Schahin Administração e 

Informática Ltda.; S2 Participações Ltda. Havendo obstáculo legal para o processamento de recuperação dessas

sociedades sem o exercício de atividade empresarial, requisito previsto no 

art. 48, caput, da Lei 11.101/2005, indefiro o pedido por elas formulado.

Também consta da inicial uma sociedade que não está articulada às

atividades de construção ou de exploração de petróleo e gás, a securitizadora

de créditos financeiros, sequer incluída no último organograma do grupo 

apresentado a fls. 7046.

Não basta, para a admissão do pedido de litisconsórcio ativo, a 

existência de duas sociedades sujeitas ao controle comum, com objetos 

sociais absolutamente distintos, sem a prova da existência do interesse de

grupo.

Portanto, indefiro o processamento do pedido, em litisconsórcio ativo, 

por Schahin Securitizadora de Créditos Financeiros S/A.

Quanto às demais sociedades nacionais, ligadas direta ou 

indiretamente às atividades de engenharia e construção, estando

suficientemente demonstrado que todas atuavam sob a mesma direção,

 encontrando-se sujeitas à crise financeira que atingiu a Schahin Engenharia

S/A, viável o processamento do pedido de recuperação em conjunto.

Observo que o cabimento do pedido em litisconsórcio ativo não 

resulta automaticamente na consolidação de ativos e passivos, pois as

recuperadas têm personalidades jurídicas distintas.

6 - Assim sendo, e por estarem presentes, ao menos em um exame

formal, os requisitos legais, defiro o processamento da recuperação judicial

das seguintes sociedades:

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7051

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 37 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 4

SCHAHIN ENGENHARIA S/A, sociedade por ações com sede na

Avenida Paulista, no 2.300, 17o andar, conjunto 41, Cerqueira César, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o 

no 61.226.890/0001-49 (documento 1.1);

SCHAHIN HOLDING S/A, sociedade por ações com sede na

Avenida Paulista, no 2.300, 17o andar, Cerqueira Cesar, na Cidade de São 

Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o no 

07.746.166/0001-09;

SCHAHIN EMPREENDIMENTOS IMOBILIARIOS

LTDA., sociedade limitada com sede na Rua Vergueiro, no 2.009, 7o andar,

conjunto 02, Vila Mariana, na Cidade de São Paulo, Estado de São Paulo, 

inscrita perante o CNPJ/MF sob o no 53.066.577/0001-62;

SCHAHIN DESENVOLVIMENTO IMOBILIÁRIO S/A, sociedade por ações com sede na Avenida Paulista, no 2300, 17o andar,

conjunto 37, Cerqueira Cesar, na Cidade de São Paulo, Estado de São Paulo, 

inscrita perante o CNPJ/MF sob o no 08.976.266/0001-86;

COMPANHIA SCHAHIN DE ATIVOS, sociedade por ações com 

sede na Avenida Paulista, no 2300, 17o andar, conjunto 23, Cerqueira Cesar,

01310-300, inscrita perante o CNPJ/MF sob o no 08.078.716/0001-13;

MTS PARTICIPAÇÕES LTDA., sociedade limitada com sede na

Avenida Paulista, no 2300, 17o andar, conjunto 33, Cerqueira Cesar, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob 

o no 04.202.902/0001-61;

SM PARTICIPAÇÕES S/A, sociedade por ações com sede na

Avenida Paulista, no 2300, 17o andar, conjunto 64, Cerqueira Cesar,

01310-300, inscrita perante o CNPJ/MF sob o no 05.528.707.0001-99;

SATASCH PARTICIPAÇÕES LTDA., sociedade limitada com sede

na Avenida Paulista, no 2300, 17o andar, conjunto 32, Cerqueira Cesar, na

Cidade de São Paulo, Estado de São Paulo, inscrita perante o CNPJ/MF sob o 

no 04.200.380/0001-69;

DEEP BLACK DRILLING LLP, pessoa jurídica de direito privado,

com sede em Londres, Inglaterra, Corporation Trust Center, 1209, na One

Silk Street EC2Y 8HQ;

Determino, ainda, o seguinte:

6.1. - Nomeação, como administradora judicial, da KPMG 

CORPORATE FINANCE LTDA. (“KPMG”), CNPJ

29.414.117/0001-01, representada pela Dra. Osana Mendonça, 

OAB/SP 122.930, com endereço à Rua Arquiteto Olavo Redig de Campos,

105 - 10o andar, CEP - 04711-904, São Paulo, SP - Brasil, e endereço

eletrônico schahin2vfrj@gmail.com que, em 48 horas, prestará

compromisso. Deverá o administrador judicial protocolar o primeiro

relatório como incidente à recuperação judicial (incidente no 0016841-42

2015.8.26.0100), assim como os relatórios mensais subsequentes.

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7052

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 38 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 5

6.2. - Dispensa de apresentação de certidões negativas para que as 

recuperandas exerçam suas atividades, ressalvadas as exceções legais;

6.3 - Suspensão das ações e execuções contra as recuperandas, e 

também o curso dos respectivos prazos prescricionais, permanecendo os 

autos nos juízos onde se processam, ressalvadas as disposições dos §§ 1o, 2o 

e 7o do artigo 6o e §§ 3o e 4o do artigo 49 e inciso III do artigo 52 da mesma

Lei. Caberá às recuperandas a comunicação da suspensão aos juízos

competentes;

6.4 - Apresentação de contas demonstrativas pelas recuperandas até o 

dia 30 de cada mês, sob pena de destituição dos seus controladores e 

administradores. As primeiras contas mensais deverão ser protocoladas

como incidente à recuperação judicial (incidente no 0016844-94.

2015.8.26.0100), e não nos autos principais;

6.5 Apresentação do plano de recuperação no prazo de 60 dias, sob 

pena de falência;

6.6. Intimação do Ministério Público;

6.7. - Comunicação às Fazendas Públicas da União, dos Estados e 

Municípios onde há estabelecimentos das recuperandas, que apresentarão,

para esse fim, cópia desta decisão, assinada digitalmente, comprovando a 

entrega em 5 dias;

6.8 - Comunicação à Juntas Comerciais para anotação do pedido de

recuperação nos registros das requerentes, apresentando as recuperandas

cópia desta decisão, assinada digitalmente, e comprovando a entrega, em 5 

dias;

6.9. - Expedição de edital, na forma do § 1o do artigo 52 da Lei

11.101/2005, com o prazo de 15 dias para habilitações ou divergências, que

deverão ser apresentadas ao administrador judicial, na sede acima

mencionada, ou por meio do endereço eletrônico 

schahin2vfrj@gmail.com, que deverá constar do edital.

Todas as procurações, contratos sociais e custas de mandato deverão

ser protocoladas pelos credores e interessados no incidente no

0016862-18.2015.8.26.0100, criado exclusivamente para esse fim.

Concedo prazo de 48 horas para as recuperandas apresentarem a 

minuta do edital, em arquivo eletrônico. Caberá à serventia calcular o valor a 

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7053

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 39 of 47
TRIBUNAL DE JUSTIÇA DO ESTADO DE SÃO PAULO

COMARCA DE SÃO PAULO

FORO CENTRAL CÍVEL

2a VARA DE FALÊNCIAS E RECUPERAÇÕES JUDICIAIS

PRAÇA JOÃO MENDES S/No, SALAS 1618/1624, CENTRO - CEP

01501-900, FONE: (11) 2171-6506, SÃO PAULO-SP - E-MAIL:

SP2FALENCIAS@TJSP.JUS.BR

Processo no 1037133-31.2015.8.26.0100 - p. 6

ser recolhido para publicação do edital, intimando por telefone o advogado

das recuperandas, para recolhimento em 24 horas. No mesmo ato, deverá ser 

intimado para providenciar a publicação do edital, em jornal de grande

circulação na mesma data em que publicado em órgão oficial.

Int.

São Paulo, 04 de maio de 2015.

Paulo Furtado de Oliveira Filho

Juiz de Direito

Este documento é cópia do original, assinado digitalmente por PAULO FURTADO DE OLIVEIRA FILHO, liberado nos autos em 04/05/2015 às 14:23 .Para conferir o original, acesse o site https://esaj.tjsp.jus.br/pastadigital/pg/abrirConferenciaDocumento.do, informe o processo 1037133-31.2015.8.26.0100 e código 10284DD.

fls. 7054

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 40 of 47
SEQUOR LAW, P.A.

EXHIBIT “B”

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 41 of 47
UNITED STATES BANKRUPTCY COURT

SOUTHERN DISTRICT OF FLORIDA

MIAMI DIVISION

www.flsb.uscourts.gov

In re:

SCHAHIN HOLDINGS S.A., 

BASE ENGENHARIA E SERVIÇOS Chapter 15 

DE PETRÓLEO E GÁS S.A. 

A/K/A SCHAHIN ENGENHARIA S.A., Case No.:

SCHAHIN EMPREENDIMENTOS 

IMOBILIARIOS LTDA, 

SCHAHIN SECURITIZADORA 

DE CRÉDITOS FINANCEIROS S.A.

SCHAHIN DESENVOLVIMENTO 

IMOBILIÁRIOS S.A., 

COMPANHIA SCHAHIN DE ATIVOS,

MTS PARTICIPAÇÕES S.A., 

SATASCH PARTICIPAÇÕES LTDA,

DEEP BLACK DRILLING LLP,

Debtors in a Foreign Proceeding.

_________________________________/ 

ORDER GRANTING RECOGNITION OF FOREIGN

MAIN PROCEEDING PURSUANT TO §§ 1515 AND 1517 OF

THE BANKRUPTCY CODE AND GRANTING RELATED RELIEF

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 42 of 47
2

This matter came on for hearing on _____ __, 2019 (“Hearing”), upon the Verified Petition 

for Recognition of Foreign Main Proceeding Pursuant To §§1515 and 1517 (the “Chapter 15 

Petition”) [DE __] of KPMG Corporate Finance LTDA represented by OSANA MENDONÇA,

(the “Foreign Representative”), the duly appointed judicial administrator of the estate in 

bankruptcy of SCHAHIN HOLDINGS S.A., BASE ENGENHARIA E SERVIÇOS DE 

PETRÓLEO E GÁS S.A. A/K/A SCHAHIN ENGENHARIA S.A., SCHAHIN 

EMPREENDIMENTOS IMOBILIARIOS LTDA, SCHAHIN SECURITIZADORA DE 

CRÉDITOS FINANCEIROS S.A., SCHAHIN DESENVOLVIMENTO IMOBILIÁRIOS S.A., 

COMPANHIA SCHAHIN DE ATIVOS, MTS PARTICIPAÇÕES S.A., SATASCH 

PARTICIPAÇÕES LTDA, and DEEP BLACK DRILLING LLP (collectively, the “Debtors”). 

The Chapter 15 Petition seeks recognition and related relief, pursuant to Chapter 15 of the 

Bankruptcy Code, of the Debtors’ bankruptcy case pending in 2nd Bankruptcy and Reorganization 

Court of São Paulo, Brazil (the “Brazilian Bankruptcy Court”) under Case No. 1037133-

31.2015.8.26.0100 (the “Brazilian Bankruptcy Case”). The Court, having considered the Petition, 

the Verified Motion, the Statement of the Foreign Representative and its respective attachments, 

the argument of counsel, and being otherwise duly informed, the Court makes the following Order. 

The Court finds:

A. Due and timely notice of the filing of the Chapter 15 Petition and the Hearing was

given by the Foreign Representative.

B. This Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334.

C. Venue of this proceeding is proper in this judicial district pursuant to 28 U.S.C. §

1410.

D. This is a core proceeding under 28 U.S.C. § 157(b)(2)(P).

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 43 of 47
3 

E. KPMG Corporate Finance LTDA represented by OSANA MENDONÇA qualifies 

as a “foreign representative” as defined in 11 U.S.C. §101(24). 

F. This Chapter 15 case was properly commenced pursuant to 11 U.S.C. §§ 1504, 

1515, 1517. 

G. The Foreign Representative has met the requirements of 11 U.S.C. §§ 1515(b), 

1515(c), 1515(d), and Rule 1007(a)(4) of the Federal Rules of Bankruptcy Procedure. 

H. The Brazilian Bankruptcy Case is a foreign proceeding under 11 U.S.C. §§ 101(23) 

and 1502(4). 

I. The Brazilian Bankruptcy Case is entitled to recognition by this Court under 11 

U.S.C. § 1517. 

J. The Brazilian Bankruptcy Case is pending in 2nd Bankruptcy and Reorganization 

Court of São Paulo, Brazil. The Debtors have their center of main interests in São Paulo, Brazil

and, accordingly, the Brazilian Proceeding is a foreign main proceeding under 11 U.S.C. § 

1502(4), entitled to recognition as a foreign main proceeding under 11 U.S.C. § 1517(b)(1). 

K. The Foreign Representative is entitled to all relief provided under 11 U.S.C. § 1520.

L. The Foreign Representative is further entitled to the relief expressly set forth in 11 

U.S.C. § 1521. 

M. The relief granted by this Order is necessary and appropriate, in the interests of 

public and international comity, consistent with the public policy of the United States, warranted 

pursuant to 11 U.S.C. § 1521 and will not cause any hardship to the creditors of the Debtors or 

other parties that is not outweighed by the benefits of the relief being granted.

Accordingly, it is ORDERED AND ADJUDGED that:

1. The Brazilian Bankruptcy Case is granted recognition as a “foreign main 

proceeding” under 11 U.S.C. § 1517. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 44 of 47
4 

2. The Brazilian Bankruptcy Case and the Orders of the Brazilian Bankruptcy Court 

shall be given full force and effect and be binding on and enforceable in the United States against 

all persons and entities. This includes without limitation, the Order appointing the Foreign 

Representative as liquidator of the Debtors. 

3. The Foreign Representative is entrusted with the full administration and realization 

of all or a part of the Debtors’ bankruptcy estate and assets located in the United States.

4. The Foreign Representative shall have the authority to act independently to carry 

out any of the duties and powers granted by this Order. 

5. The provisions of 11 U.S.C. § 1520 apply to this proceeding. 

6. All persons and entities are stayed from commencing or continuing any action or

proceeding concerning the assets, rights, obligations or liabilities, of the Debtors or the Debtors’

bankruptcy estate, located in the United States.

7. All persons and entities are stayed from executing against the assets, of the Debtors 

or the Debtors’ bankruptcy estate, located in the United States.

8. All persons and entities are prohibited from transferring, encumbering, disposing 

of, or exercising control over of any assets of the Debtors or the Debtors’ bankruptcy estate, located 

in the United States.

9. All persons and entities provided notice of this Order who are in possession, 

custody or control of property, or the proceeds thereof, of the Debtors or the Debtors’ bankruptcy 

estate located within the territorial jurisdiction of the United States, shall immediately advise the 

Foreign Representative by written notice sent to the following addresses:

KPMG Corporate Finance LTDA

Attn: OSANA MENDONÇA

Rua Arquiteto Olavo Redig de Campos, 105 – 10th Floor 

04711-904, São Paulo, SP Brazil

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 45 of 47
5 

With a copy to: 

Attn: Gregory S. Grossman 

Amanda E. Finley 

Sequor Law

1001 Brickell Bay Drive, 9th Floor 

Miami, Florida 33131 

which written notice shall set forth: (i) the nature of such property or proceeds; (ii) when and how 

such property or proceeds came into the custody, possession or control of such person or entity; 

and (iii) the full identity and contact information for such person or entity. The Foreign 

Representatives shall file with the Court information demonstrating those persons and/or entities 

to whom he has provided notice of this Order. 

10. The Foreign Representative is authorized to examine witnesses, take evidence or 

seek the delivery of information concerning the assets, affairs, rights, obligations or liabilities of 

the Debtors or the Debtors’ bankruptcy estate pursuant to §1521(a)(4), the Federal Rules of 

Bankruptcy Procedure, including without limitation the procedure of Fed. R. Bankr. P. 2004 and 

Local Rule 2004-1, without further order of this Court. 

11. The Foreign Representative is further authorized to operate and may exercise the 

powers of a trustee under, and to the extent provided by 11 U.S.C. §§ 363 and 552. 

12. Notwithstanding any provision in the Bankruptcy Rules to the contrary, (i) this 

Order shall be effective immediately and enforceable upon entry and shall constitute a final order 

within the meaning of 28 U.S.C. § 158(a); (ii) Foreign Representative is not subject to any stay in 

the implementation, enforcement, or realization of the relief granted in this Order; and (iii) Foreign 

Representative is authorized and empowered, and may in their discretion and without further delay, 

take any action and perform any act necessary to implement and effectuate the terms of this Order. 

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 46 of 47
6 

13. No action taken by Foreign Representative in preparing, disseminating, applying 

for, implementing, or otherwise acting in furtherance of the Brazilian Bankruptcy Case or any 

order entered in or in respect of the Chapter 15 case (including any adversary proceedings or 

contested matters) will be deemed to constitute a waiver of immunity afforded the Foreign 

Representative, including pursuant to 11 U.S.C. §§ 306 and 1510. 

14. This Court shall retain jurisdiction with respect to the enforcement, amendment or 

modification of this Order, any requests for additional relief or any adversary proceeding brought 

in and through this Chapter 15 case, and any request by any person or entity for relief from the 

provisions of this Order. 

15. This Court shall retain jurisdiction with respect to the administration, realization, 

and distribution of the assets of the Debtor within the territorial jurisdiction of the United States.

# # # 

Submitted by:

Amanda E. Finley, Esq.

Gregory S. Grossman, Esq. 

SEQUOR LAW

1001 Brickell Bay Drive, 9th Floor 

Miami, Florida 33131 

Telephone: 305-372-8282 

Facsimile: 305-372-8202 

E-Mail: afinley@sequorlaw.com 

ggrossman@sequorlaw.com 

Attorney Amanda E. Finley is directed to serve a copy of this Order on all interested parties 

who are non-CM/ECF users and file a proof of service within 3 days of entry of the Order

Case 19-19932-RAM Doc 2 Filed 07/26/19 Page 47 of 47