Restructuring & insolvency

Mexican state of Chihuahua gets restructuring loan

Holland & Knight (Mexico) has helped Banco Multiva grant a US$62 million loan to the northern Mexican state of Chihuahua as part of a larger restructuring plan worth US$1.47 billion.

Venezuelan companies fear foreign asset grab post Maduro

In a wide ranging discussion at the Latin Lawyer - GRR Live 4th Annual Restructuring summit in New York, speakers discussed Venezuela's post Maduro future, the country's conflicting restructuring plans and its soverign debt. Venezuelan companies that were worth US$1 billion 20 years ago can now be bought for US$55 million, according to GCG Advisors managing partner Jose Gonzales. “If you want to take the risk, there should be plenty of opportunity.”