Ricardo Escobar in our news

Garrigues and DLA Piper power Peruvian hydroelectricity loan

Garrigues (Peru) has helped Peruvian special purpose entity La Virgen secure a US$90 million loan from Banco BTG Pactual.

27 September 2022

New York court blocks PJT restructuring fee in LATAM Chapter 11

Despite claiming the duration and complexities of its Chapter 11 case were unforeseen, South American airline LATAM has failed to convince a New York court to let it pay its investment banker PJT Partners an additional US$12 million restructuring fee if its plan becomes effective.

22 September 2022

Advent invests in Cemex tech group

Simpson Thacher & Bartlett LLP in New York and Palo Alto, five DLA Piper LLP offices and Mexican firms Creel, García-Cuéllar, Aiza y Enríquez SC and González Calvillo, SC have helped US private equity fund Advent International acquire a majority stake in technology consultancy group Neoris from Cemex.

19 August 2022

LATAM Airlines wins Chapter 11 plan approval

Over two years after it sought Chapter 11 protection in New York, LATAM Airlines has received court approval of a restructuring plan that will facilitate the injection of about US$8 billion through a capital increase, the issuance of convertible bonds and new debt.

22 June 2022

LATAM obtains US$3.7 billion super-priority DIP financing

Several international and Latin American law firms have advised on LATAM Airlines' US$3.7 billion super-priority debtor-in-possession (DIP) loan.

27 April 2022

Banco Itaú acquires stakes in two Uruguayan fintechs

Brazilian banking giant Itaú has hired DLA Piper LLP in Miami, San Juan, Buenos Aires and Lima, Arias, Fábrega & Fábrega, Ferrere (Uruguay) and Guyer & Regules in Montevideo to buy minority stakes in two Uruguayan fintech companies.

30 March 2022

Linklaters, Rebaza Alcázar and DLA Piper in Peruvian bank debt restructuring

Peruvian financial institution Edpyme Acceso Crediticio has turned to Linklaters in New York and Rebaza, Alcázar & De Las Casas in Lima to restructure US$200 million worth of debt.

14 January 2022

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

Indian telecoms company buys Andean assets

DLA Piper Martínez Beltrán in Bogotá, DLA Piper (Peru) and S&R Associates in New Delhi and Mumbai have helped Latin American cloud communications company Masivian in its US$50 million sale to Indian counterpart Route Mobile.

21 October 2021

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