Restructuring: First-class upgrades

The restructuring of Uruguayan flag carrier Pluna is remarkable not only for its political implications, but also for the unprecedented 100% return on creditors’ court-verified claims and the Supreme Court battle that preceded it

Restructuring: First-class upgrades

In 2012, Uruguayan aeroplane company Pluna was in serious financial trouble. The renationalisation of Aerolíneas Argentinas had created a powerful competitor in neighbouring Argentina, driving down ticket sales. Demand was little better in Brazil, where the first signs of prolonged economic malaise were showing. Meanwhile, high fuel prices were squeezing out what little profit remained.

Events

Events

Latin Lawyer 5th Annual Regional Project Finance Summit

Events

Latin Lawyer 12th Annual Charity Awards Ceremony

Insight

Reference

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Construction 2017

Chile

Alfonso Reymond Larraín and Rodrigo Riquelme Yanez

Reymond & Cía

Brazil

Fernando Marcondes, Ricardo Medina Salla, Marlon Shigueru Ushiro Ieiri, Adriana Regina Sarra de Deus and Juliana Yumi Shiina Morato

LO Baptista

All Reference

Guides

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The Guide to Infrastructure and Energy Investment

How to Build Up a Region: Development Banks and Multilateral Financing

Thomas Hechl and Vanessa Pinto Villa

Hogan Lovells LLP

The Role of Project Finance in Developing a Region: Trends and Considerations

Andrés Arnaldos Montaner , Daniel D Bartfeld , Jaime E Ramirez and Roland Estevez

Milbank, Tweed, Hadley & McCloy LLP
All Guides