Brazilian shipbuilder OSX Brasil SA filed for bankruptcy protection on Monday, becoming the second company controlled by former billionaire Eike Batista to seek court protection from creditors in just over a week, Reuters reported yesterday. The move follows a decision by the OSX board on Friday to pursue bankruptcy proceedings. The petition was made to the same court in Rio de Janeiro where Batista's oil company OGX Petróleo e Gas Participações SA sought protection from creditors on Oct. 30. That case, citing 11.2 billion reais in debt ($4.8 billion), was Latin America's largest bankruptcy filing. OGX is the shipbuilder's only big customer and filing the OSX petition at the same court in effect asks the judge to consider the two cases together.
