Work Area: Insolvency & Restructuring

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

Rubio Leguía and De Bracamonte in Peruvian debt restructuring

Rubio Leguía Normand has helped Peruvian holding company Lis Argentis restructure 253 million soles (US$65 million) worth of debt with local development bank COFIDE.

28 September 2022

Cuatrecasas helps Chilean SME lender restructure debt

Cuatrecasas (Chile) has helped local lender Grupo Suaval restructure US$97 million worth of debt related to three of its subsidiaries.

27 September 2022

Chile’s VivoCorp changes ownership through restructuring

Carey has helped Chilean shopping centre operator VivoCorp undergo a corporate reorganisation, in which the company transferred its ownership to new stakeholders and completed a bond swap.

23 September 2022

New York court blocks PJT restructuring fee in LATAM Chapter 11

Despite claiming the duration and complexities of its Chapter 11 case were unforeseen, South American airline LATAM has failed to convince a New York court to let it pay its investment banker PJT Partners an additional US$12 million restructuring fee if its plan becomes effective.

22 September 2022

CGE restructures to meet new regulations in Chile

Cuatrecasas (Chile) has helped local utility group Compañía General de Electricidad (CGE) carve out its power transmission business as a standalone entity.

15 September 2022

Argentine oil group swerves default in US$28 million restructuring

Argentine energy company Roch has enlisted Tavarone, Rovelli, Salim & Miani to restructure its debt burden and make new bond and loan deals worth US$28 million, helping it to meet bankruptcy protection requirements after the company defaulted on previous debt.

06 September 2022

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

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