Restructuring & insolvency
Hogan Lovells behind Mexican municipality loan
Hogan Lovells (Mexico) has helped the Benito Juárez municipality obtain three loans totalling US$61 million to refinance debt.
Felsberg advises Renova Energia in São Paulo restructuring
Felsberg Advogados is advising the Brazilian renewable power group Renova Energia in its restructuring proceedings filed last week, after it failed to sell off indebted wind farm projects.
Brazil’s Grupo Moreno files for 2 billion reais bankruptcy protection
Felsberg Advogados is helping Brazilian sugar and ethanol maker Grupo Moreno file for judicial recovery, as the company seeks bankruptcy protection for debt totalling 2 billion reais (US$486.4 million).
Brazil-Korean steel mill restructures US$3.1 billion loan
Allen & Overy LLP in São Paulo and Vieira Rezende Advogados in São Paulo have helped steel mill project Companhia Siderúrgica do Pecém (CSP) restructure a US$3.1 billion loan with development bank BNDES and a Korean-led syndicate of international lenders.
Carey and Larrain in Chilean mining refinancing
Carey has helped Minera Valle Central, the Chilean subsidiary of Canadian miner Amerigo Resources, refinance part of a loan it previously obtained to build a new waste-processing facility.
Felsberg advises Brazilian state bank on Odebrecht liquidation application
Felsberg Advogados is representing a Brazilian state-owned bank that has asked for scandal-ridden construction group Odebrecht to be liquidated, arguing that a restructuring plan tabled by the company is unlawful.
Argentine manufacturer restructures debt with 12 banks
Curtis, Mallet-Prevost, Colt & Mosle LLP in Buenos Aires has helped Argentine electronics manufacturer BGH restructure a US$48 million aggregate debt pile with 12 banks.
BMA and Tauil & Chequer in Queiroz Galvão metro debt restructure
Creditors Santander, BTG Pactual, Banco Crédit Agricole and Banco ABC Brasil relied on Tauil & Chequer Advogados in association with Mayer Brown.
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