Work Area: Insolvency & Restructuring

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

Salta becomes sixth Argentine province to restructure debt

DLA Piper LLP in New York and Buenos Aires has helped the province of Salta in northern Argentina reach an agreement with bondholders to restructure US$350 million of foreign debt.

02 March 2021

Brazilian cement maker seeks US restructuring recognition

Brazilian cement maker Cimento Tupi is seeking Chapter 15 recognition of its restructuring in New York.

18 February 2021

Several firms steer YPF bond exchange

Argentine oil company YPF has secured approval from noteholders to exchange debt maturing next month, with Cleary Gottlieb Steen & Hamilton LLP and local firm Bruchou, Fernández Madero & Lombardi advising the company and a quartet of firms including Clifford Chance LLP, Bomchil, Dechert and DLA Piper (Argentina) acting for creditor groups.

12 February 2021

Oi sells mobile division to Claro, Telefónica and TIM

Brazil’s BMA - Barbosa, Müssnich, Aragão has helped local telecoms group Oi sell its mobile business to the local subsidiaries of multinational counterparts Claro, Telefónica and TIM for US$3 billion.

10 February 2021

Five firms help province of Córdoba restructure US$1.7 billion

Argentina’s second most populated province, Córdoba, has called on Shearman & Sterling LLP in New York and Washington, DC and Tavarone, Rovelli, Salim & Miani in Buenos Aires to restructure US$1.7 billion worth of foreign debt.

02 February 2021

Argentine province Río Negro to save US$190 million after restructuring

Linklaters in New York and Tanoira Cassagne Abogados in Buenos Aires have helped Río Negro restructure US$300 million worth of foreign debt, which will save the Argentine province more than US$190 million.

18 January 2021

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