Restructuring & insolvency

Chile’s La Polar finally released from bankruptcy protection

Nelson Contador & Cía and Larrain y Asociados Abogados have helped retail chain La Polar become the largest publicly traded company in Chile to be freed from bankruptcy protection, nearly six years after revelations of accounting fraud devastated the company’s finances.

Peru’s GyM divests in bulk after Odebrecht pipeline deal collapse

At least 10 firms have landed a role in asset sales and debt restructurings made by Peruvian commercial conglomerate Graña y Montero, after the Peruvian government cancelled a lucrative pipeline contract following its developers’ failure to obtain sufficient funding.