Work Area: Insolvency & Restructuring

DLA Piper Gallástegui swipes six partners from White & Case

Mexican firm DLA Piper Gallástegui y Lozano has scored a coup by hiring six partners from local Highly Recommended outfit White & Case SC.

19 January 2022

Bumper harvest and DIP loan help Brazil's Moreno exit bankruptcy

Felsberg Advogados has helped Brazilian sugar ethanol company Grupo Moreno repay its entire debt pile of 1 billion reais (US$180 million), withdrawing a debtor-in-possession (DIP) loan to settle the bill.

17 January 2022

Linklaters, Rebaza Alcázar and DLA Piper in Peruvian bank debt restructuring

Peruvian financial institution Edpyme Acceso Crediticio has turned to Linklaters in New York and Rebaza, Alcázar & De Las Casas in Lima to restructure US$200 million worth of debt.

14 January 2022

Mexican hotel chain restructures debt amid Chapter 11

Cleary Gottlieb Steen & Hamilton LLP in New York and Ritch Mueller y Nicolau, S.C. in Mexico City have helped Mexican hotel operator Grupo Posadas restructure US$393 million worth of debt as part of the company’s Chapter 11 process.

13 January 2022

Avianca emerges from Chapter 11 restructuring

Five offices of US firm Milbank and Gómez-Pinzón in Bogotá have helped Latin American airline Avianca emerge from its Chapter 11 restructuring process and eliminate debt worth more than US$1 billion.

10 January 2022

Veirano starts 2022 with eight new partners

Brazilian Elite firm Veirano Advogados has promoted eight associates to partner, boosting several practice areas in preparation for the new year.

17 December 2021

CMS Grau promotes insolvency partner in Peru

Peruvian Highly Recommended firm CMS Grau has promoted a bankruptcy counsel to its senior rank, less than a month after it appointed two real estate partners.

09 December 2021

Azul backs off from LATAM offer after restructuring filed

Two days after South America’s largest airline LATAM submitted a Chapter 11 plan in New York, one of its Brazilian competitors has backed off from an offer to combine with the Chile-headquartered company.

08 December 2021

LATAM Airlines gets additional US$750 million DIP financing

LATAM Airlines has hired several international and Latin American law firms to obtain an additional US$750 million debtor-in-possession (DIP) financing, part of the aviation group’s Chapter 11 bankruptcy proceedings.

24 November 2021

Cescon Barrieu appoints eight new partners

Brazilian Elite firm Cescon, Barrieu, Flesch & Barreto Advogados has added firepower to several departments by promoting seven lawyers to its senior rank and hiring a practitioner from Stocche Forbes as partner.

12 November 2021

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