Business – FGC should cover agribusiness letter of credit – 23/02/2015

A group of former clients of The Bank BVA obtained in the state Justice judgment requiring the Credit Guarantee Fund (FGC) to apply the guarantee of £ 250,000, not £ 70,000, and cover investment in letter of credit agribusiness (LCA). The FGC plans to appeal the decision handed down by the 16th Civil Court of Sao Paulo Center Forum.

http://www.valor.com.br/legislacao/3919912/fgc-deve-cobrir-letra-de-credito-do-agronegocio