Topic: Cross-border insolvency

Alpha seals Colombian restructuring amid Chapter 11 process

Alpha Latam Management – a lender that operates in Colombia and Mexico – has hired a slew of firms to finalise the Colombian section of its Chapter 11 restructuring, increasing its available capital by US$87 million.

03 October 2022

Crédito Real seeks Chapter 15 recognition of Mexican liquidation

Shadow bank Crédito Real is seeking Chapter 15 recognition of its recently-ordered Mexican liquidation in Delaware to protect its US assets, as it looks to dismiss an involuntary Chapter 11 proceeding launched by creditors in New York last month.

21 July 2022

Brazil’s Constellation completes second restructuring

US firm White & Case LLP, Galdino & Coelho Advogados in Rio de Janeiro and two Mattos Filho offices have helped Brazilian oil drilling company Constellation complete a US$1.84 billion global restructuring, allowing it to exit a four-year recovery period and cut its debt by more than half.

05 July 2022

Chile’s CorpGroup gets Chapter 11 plan approval

Simpson Thacher & Bartlett LLP in New York and Washington, DC and Carey in Santiago have helped Chilean financial holding company CorpGroup obtain approval for its Chapter 11 plan in New York.

30 June 2022

LATAM Airlines wins Chapter 11 plan approval

Over two years after it sought Chapter 11 protection in New York, LATAM Airlines has received court approval of a restructuring plan that will facilitate the injection of about US$8 billion through a capital increase, the issuance of convertible bonds and new debt.

22 June 2022

Pemex restructures debt worth US$2 billion

Mexican state-owned oil group Pemex has hired Cleary Gottlieb Steen & Hamilton LLP in New York to restructure US$2 billion worth of debt by allowing suppliers to exchange invoices for new notes.

15 June 2022

Alto Maipo gets court approval of Chapter 11 restructuring

Chilean hydroelectric project operator Alto Maipo has had its Chapter 11 plan approved by a Delaware court, after the company modified language related to third party releases in response to an objection by the US trustee.

08 June 2022

LATAM obtains US$3.7 billion super-priority DIP financing

Several international and Latin American law firms have advised on LATAM Airlines' US$3.7 billion super-priority debtor-in-possession (DIP) loan.

27 April 2022

Which firms are leading in the financial sector?

Featured in Who Represents Latin America's Biggest Banks?

As part of LACCA’s newest research into Who Represents Latin America’s Biggest Banks, we take a look at the most popular firms for the region’s leading financial organisations as well as what’s been driving legal work in the sector.

19 April 2022

Which law firms were the most popular in 2021?

Featured in Who represents Latin America's biggest companies 2021?

The boom of innovative transactions in 2021, such as IPOs and hybrid bond issuances, ensured that leading Latin American companies kept their external advisers on hand as they waded through an increasingly complex raft of legal matters.

11 April 2022

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