Work Area: Insolvency & Restructuring

Spanish restructuring firm opens Argentina office

Madrid-based boutique Abencys has launched a new office in Argentina, in association with local firm De la Vega Caldani Linares Luque & Eviner.

16 July 2020

ARIFA in McDermott's Chapter 11 exit and subsidiary sale

Panama-incorporated oil and gas engineering powerhouse McDermott International has emerged from bankruptcy after the sale of its technology licensing subsidiary allowed it to pay off a US$2.81 billion debtor-in-possession (DIP) finance package. By Cristina Brooks

15 July 2020

Ecuador debt relief could open door to new investment

Ecuador has announced a provisional debt relief agreement with holders of about half of its sovereign bonds – prompting the local legal community to react positively, on the grounds the deal could make investors more willing to inject capital in the country and give local businesses greater access to credit to help revive the economy.

14 July 2020

LATAM Brazil joins Chapter 11 after recognition in Chile and Colombia

LATAM Airlines Brasil has joined in the New York Chapter 11 proceedings of its South American parent, as the group secured recognition of its US bankruptcy in Chile and Colombia. By Teodor Teofilov

13 July 2020

Chile’s AD Retail restructures more debt

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) and Puga Ortiz have helped local department store AD Retail restructure 100 billion Chilean pesos (US$127 million) worth of debt.

13 July 2020

Mexican retailer files pre-pack Chapter 11 in New York

Mexican loan to own retailer Grupo Famsa has filed a pre-packaged Chapter 11 plan to restructure a single series of notes that were due in June, after covid-19 prevented it from refinancing them with further borrowing. By Jordan Fermanis

07 July 2020

Aeroméxico becomes latest LatAm airline to file Chapter 11 in New York

Aeroméxico has filed Chapter 11 proceedings in New York, following in the steps of Colombian airline Avianca and South America’s largest passenger carrier LATAM. By Teodor Teofilov

03 July 2020

Who is in LACCA Approved 2021?

With so many options out there, it can be hard to decide which external counsel to hire, so legal teams often prefer to go off recommendations. Ahead of the release of the 2021 edition of LACCA Approved, we take a sneak peek at the list of Latin America’s leading law firm partners, as voted for by in-house counsel.

29 June 2020

Argentina faces the perfect storm, again

Featured in Covid-19: managing in a crisis

The covid-19 pandemic has paralysed the world economy. Companies are in survival mode, but also need to make plans for the day after. Marval O'Farrell Mairal M&A partner Ricardo Beller recalls the different paths companies followed to overcome Argentina’s prior crises and considers their value today.

29 June 2020

Chilean casino operator seeks New York recognition for local bankruptcy

South American hotel and casino operator Enjoy is seeking recognition of its Chilean bankruptcy in New York, claiming a wave of civil unrest and the covid-19 pandemic have “significantly harmed” its business.

22 June 2020

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