Sebastián Cortez Merlo in our news

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

LatAm firms deliver global customer experience merger

Six offices of Cuatrecasas, Allende & Brea in Buenos Aires, four offices of Central American firm Alta and Pérez Bustamante & Ponce (PBP) in Quito have helped multinational customer experience company Majorel acquire Madrid-based counterpart Findasense, including the target’s operations in Latin America.

22 September 2022

Phoenix Tower refinancing calls on LatAm counsel

Locke Lord LLP in Boston and New York and Latin American firms have helped US telecoms group Phoenix Tower International restructure several loans held by its Latin American and US subsidiaries and package them into one single US$2 billion facility, including an acquisition financing it recently obtained to buy Chilean tower assets.

31 August 2022

Ecuador fines medical supply providers in bid-rigging ruling

Ecuador’s antitrust enforcer has fined five companies for rigging public tenders for medical supplies in a decision that has sparked controversy over how the authority assessed their corporate structure.

22 August 2022

Peruvian airport gets cross-border loan

Three Latin American firms have helped Peruvian airport services provider Talma obtain a US$135 million financing to repay existing debt.

27 June 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

Ecuador liable for moral damages in oilfield dispute

An UNCITRAL tribunal has ordered Ecuador to pay US$11 million to a Singaporean company in an oil field dispute, including moral damages for its “malicious” behaviour in a related criminal proceeding.

10 June 2022

Several firms help French telecoms group buy LatAm assets

French cable and fibre optic company Nexans has enlisted two offices of Spanish firm Pérez-Llorca, Colombia’s Gómez-Pinzón, Pérez Bustamante & Ponce (PBP) in Quito and Peruvian outfit Miranda & Amado to acquire US$225 million worth of telecoms assets across Latin America from Mexican energy company Xignux.

13 April 2022

Banco Pichincha issues first gender-focused bonds in Ecuador

Profilegal Abogados in Quito has helped Ecuador’s Banco Pichincha raise US$100 million in the country’s first gender-focused social bond issuance.

13 April 2022

US private equity group snaps up LatAm chemical assets

Three offices of Simpson Thacher & Bartlett LLP, Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Philippi Prietocarrizosa Ferrero DU & Uría (Peru) have helped US private equity group Lone Star Funds acquire Belgium-headquartered chemical distribution company Manuchar, giving it businesses in several Latin American countries.

22 February 2022

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