Work Area: Insolvency & Restructuring

Chilean retail chain strikes restructuring deal with creditors

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) and Puga Ortiz have helped local company AD Retail restructure US$180 million worth of debt with creditors.

30 April 2020

Creditors “respectful” of public health crisis in sovereign debt talks, says Quinn Emanuel partner

Featured in Covid-19: reporting on a crisis

Quinn Emanuel Urquhart & Sullivan LLP partners Dennis Hranitzky and Susheel Kirpalani consider the impact of the current public health crisis on sovereign debt workouts in Latin America. By Jordan Fermanis

23 April 2020

Veirano poaches insolvency partner from Cascione Pulino

Latin Lawyer Elite firm Veirano Advogados has once more hired a partner from Cascione Pulino Boulos Advogados.

14 April 2020

Greenberg Traurig restructuring co-chair joins Baker McKenzie

Greenberg Traurig LLP’s global head of restructuring Mark Bloom has left the firm after almost 40 years, taking two colleagues with him to join Baker McKenzie LLP in Miami, adding to that firm's Latin America capabilities.

14 April 2020

Help clients avoid insolvency, and worse, in the covid-19 crisis

Featured in Covid-19: reporting on a crisis

Covid-19 has left companies in hot water, with many falling behind on credit payments and commercial obligations. Law firms are busy keeping their clients’ businesses in the clear and trying to help them mitigate the financial problems covid-19 might cause.

09 April 2020

Brazil makes covid-19 amendments to bankruptcy law

Featured in Covid-19: reporting on a crisis

Following examples from around the world, Brazil has moved to temporarily amend its bankruptcy law to help the economy through covid-19 – but ambitions to get longer-term amendments through at the same time look likely to be dashed.

07 April 2020

Covid-19 complicates Argentina’s impending debt restructuring

Featured in Covid-19: reporting on a crisis

After the outbreak of covid-19, Argentina’s decision to delay presenting bondholders with an offer to restructure billions of its international debt did not come as a surprise to many. But local lawyers think the country must urgently take the bull by the horns if it wants to maintain access to international capital markets.

02 April 2020

Creditors approve Viracopos airport reorganisation plan in Brazil

Brazil’s Galdino & Coelho Advogados has helped Viracopos International Airport’s distressed concessionaire obtain creditor approval of its judicial reorganisation plan.

30 March 2020

UK court recognises Brazilian insolvency of dissolved Schahin company

The dissolved English subsidiary of bankrupt Brazilian conglomerate Schahin Group has had its Brazilian insolvency recognised in England under the Cross-Border Insolvency Regulations. By Teodor Teofilov.

26 March 2020

Multiple firms in Avianca restructuring loan

Gómez-Pinzón in Bogotá, Panama’s Morgan & Morgan, Muñiz, Olaya, Meléndez, Castro, Ono & Herrera in Lima and Pérez Bustamante & Ponce in Quito have helped Colombian airline group Avianca obtain a US$250 million loan through its Panamanian holding company from US counterpart United Airlines and US investor Kingsland Holdings.

20 March 2020

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