Work Area: Insolvency & Restructuring

Argentina’s Pampa Energía completes US$407 million bond swap

Argentina's Pampa Energía has enlisted Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York and Salaverri, Burgio & Wetzler Malbrán in Buenos Aires to swap debt and issue new bonds through a US$407 million exchange offer.

15 August 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

Martinelli advises on football club restructuring in Brazil

Martinelli Advogados has helped São Paulo-based football club Ferroviária Futebol Clube restructure into a Sociedade Anônima de Futebol (SAF).

14 July 2022

Tauil & Chequer continues hiring spree

Brazil’s Tauil & Chequer Advogados in association with Mayer Brown has strengthened its restructuring and disputes teams by appointing one partner and a counsel with hires from local Elite firm TozziniFreire Advogados and US outfit Baker Botts LLP.

12 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

Banco Inter completes Nasdaq migration

Demarest Advogados and Machado Meyer Advogados have helped Brazil’s Banco Inter in a corporate restructuring that has allowed the bank to migrate its shares from the B3 to Nasdaq in New York.

30 June 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

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