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The President of the 3rd Regional Federal District Court, Therezinha Cazerta, quashed the injunction suspending the negotiations between Embraer and Boeing on Friday (21).
This decision is another chapter of the and comes judicial that characterizes the merger of the giants of the aeronautics. Last Wednesday, a federal judge of the 24th civil court of São Paulo had interrupted the process of joining the giants of aeronautics, who intend to create a joint venture . Embraer is Brazilian and would have 20% stake in the new company to be created, and Boeing, North America, would have 80%
The judge's decision responds to a request from the AGU (general advocacy of the Union), which supported
In addition to the union, the court decision quotes lawyers from the Barbosa, Müssinch & Aragão office, which represents Embraer, as well as representatives of the company.
In the opinion of the AGU, the suspension of negotiations violates the principle of the separation of powers. "[A decisão] affects the ability of the Union to badyze the transaction and to decide whether or not it will exercise the veto right it holds because it holds the stock." of the Brazilian company
Agreement
The current agreement provides that Boeing must carry on a commercial activity without absorbing the badets of the company. to national security planes and jet planes, which would continue only with Embraer.
Today, the Brazilian government holds a stake in the company through gold shares – action giving prerogatives such as power of veto, to the holder
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