Work Area: Insolvency & Restructuring

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, Gómez-Pinzón in Bogotá, four offices of Central American firm BLP and Jones Day (Mexico) 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

Avianca set for UK move after Chapter 11 restructuring approval

Latin American airline Avianca has secured court approval of its Chapter 11 restructuring plan in New York, shortly after revealing plans to shift its domicile to the UK.

10 November 2021

Aeropuertos Argentina lands another bond exchange

Greenberg Traurig LLP in New York and Miami and Bomchil in Buenos Aires have advised Aeropuertos Argentina (AA2000) in a liability management transaction, which saw it swap bonds for US$209 million.

09 November 2021

BMA nabs restructuring partner from Tauil & Chequer

Brazilian firm BMA - Barbosa, Müssnich, Aragão has hired a partner from Tauil & Chequer Advogados in association with Mayer Brown, bolstering its restructuring and insolvency group.

03 November 2021

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