Work Area: Insolvency & Restructuring

LATAM Airlines completes debtor-in-possession loan

Multiple international and Latin American law firms have helped in the closing of LATAM Airlines’ US$2.45 billion debtor-in-possession (DIP) financing, after overcoming several judicial hurdles.

14 October 2020

Avianca gets debtor-in-possession financing

US firm Milbank and Gómez-Pinzón in Bogotá have helped Colombian airline Avianca obtain a US$2 billion debtor-in-possession (DIP) financing, after getting approval from a New York bankruptcy court.

13 October 2020

Guerrero Olivos and Garrigues steer La Araucana bond swap

Guerrero Olivos has helped Chilean social security administrator Caja de Compensación La Araucana complete a bond exchange worth US$442 million.

12 October 2020

Chilean miner gets loan amid restructuring

Chile’s Guerrero Olivos has helped a group of lenders provide a US$45 million credit line to local miner Minera Tres Valles as part of the company’s restructuring programme.

07 October 2020

Winners of Latin Lawyer’s 2019 Deal of the Year Awards announced

Featured in 14th Annual Awards

The winners in all 10 categories of our 14th annual Deal of the Year Awards are revealed here.

29 September 2020

The game changer for Argentina: collective action clauses

Lawyers involved in Argentina’s US$65 billion international debt restructuring reflect on the challenges and achievements of the deal, highlighting the activation of collective action clauses (CACs) as a key ingredient for the successful outcome of the restructuring.

28 September 2020

Deal of the Year 2019 winners announced online next week

Featured in 14th Annual Awards

Latin Lawyer will announce the winners of its 14th annual Deal of the Year Awards on Tuesday 29 September.

21 September 2020

New York court rejects LATAM debtor-in-possession financing

A New York court has rejected a US$2.4 billion debtor-in-possession (DIP) loan secured by Chilean airline LATAM from its shareholders, finding it had the effect of forcing an equity swap in a future restructuring.

17 September 2020

Peruvian shopping centre restructures debt after credit downgrade

Peru’s Rebaza, Alcázar & De Las Casas has helped local shopping centre operator Jockey Plaza restructure the terms of a US$150 million bond programme to avoid a default, after credit rating agency Moodys downgraded the bonds.

17 September 2020

Latin American airline Chapter 11s, forum shopping or sound strategy?

Specialists from the US, Brazil, Chile and Mexico met to discuss the allure of the Chapter 11 process for Latin American’s three largest airlines, Avianca, LATAM and Aeroméxico, as well as the potential pitfalls of forum shopping.

14 September 2020

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