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By Maria Lopez Conde, Senior Contributing Reporter

SÃO PAULO, BRAZIL - OGX, the oil exploration and production firm owned by former Brazilian billionaire Eike Batista, filed for bankruptcy protection before a Rio de Janeiro state court on October 30th. The move, considered Brazil's biggest corporate default, came just one day after OGX failed to come to an agreement with creditors over its massive US$5.1 billion debt.

The embattled oil firm now has sixty days to come forward with a restructuring . . .

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