Work Area: Insolvency & Restructuring

Argentine power provider enters Chapter 11

Power plant operator Stoneway Capital Corporation has applied for Chapter 11 protection in the US and is likely to abandon its Canadian restructuring, after environmental claims filed against it in Argentina prevented the extension of a standstill agreement with creditors.

12 April 2021

Oi completes first judicial restructuring sale

Pinheiro Neto Advogados has helped Brazilian financial group Piemonte acquire five data centres from Oi, marking the telecoms company’s first divestment under its judicial restructuring.

30 March 2021

Jujuy becomes latest Argentine province to restructure debt

Holland & Knight LLP in New York and DLA Piper (Argentina) have helped the province of Jujuy restructure US$210 million worth of foreign debt.

26 March 2021

Uruguayan hotel group restructures debt and sells up

Guyer & Regules and Amorín Abogados have helped Uruguayan hotel operator Tonosol restructure a US$30 million debt package as part of a deal that also saw the company sell its hospitality business to US real estate group White Elephant.

26 March 2021

Ex-Tauil & Chequer partner’s restructuring firm enters alliance

Brazilian restructuring boutique LMorato Advogados – led by former Tauil & Chequer Advogados in association with Mayer Brown partner Leonardo Morato – has launched an alliance will real estate firm DMBoulos Advogados.

25 March 2021

Bondholders file lawsuit against Buenos Aires province

US law firm White & Case LLP has helped a group of bondholders file a lawsuit against the province of Buenos Aires over its continuing default on scheduled interest and principal payments.

25 March 2021

Argentine province Entre Ríos renegotiates US$500 million debt

DLA Piper LLP in New York and Buenos Aires have helped the Argentine province of Entre Ríos successfully restructure US$500 million worth of foreign debt.

22 March 2021

Avianca secures restructuring milestones in New York court orders

Avianca secures restructuring milestones in New York court orders

22 March 2021

Davis Polk and Pinheiro Neto in Cosan restructuring

Davis Polk & Wardwell LLP in São Paulo and New York and Brazilian firm Pinheiro Neto Advogados have helped local conglomerate Cosan simplify its corporate structure.

19 March 2021

Aeroméxico accesses DIP financing after trade union agreement

De la Vega & Martínez Rojas, SC has helped Mexican flag carrier Aeroméxico reach an agreement with two trade unions to cut labour costs and make the savings necessary to access the remaining tranche of its US$1 billion debtor-in-possession (DIP) financing.

17 March 2021

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