A São Paulo court has named Alvarez & Marsal as judicial administrator to Brazilian construction company Odebrecht, approving the largest bankruptcy filing in Latin American history.
Some of Brazil’s most prestigious firms have been enlisted in a fierce legal battle for Avianca Brasil as its restructuring proceedings – marked by judicial deadlock, thousands of grounded flights and growing debt – gained renewed momentum on Monday.
Simpson Thacher & Bartlett LLP’s David Williams built his legal career in Latin America off the back of early exposure to the region, managing to successfully navigate his firm’s Latin American practice through a constantly changing political and economic environment. He is 2018’s recipient of Latin Lawyer’s International Lawyer of the Year Award.
Brazilian restructuring lawyers have called for better debtor-in-possession (DIP) financing provisions and more ways to protect restructuring plans from challenges in Brazil, as US colleagues showed confidence they would get there.
Sergio J Galvis, Robert J Giuffra Jr and Werner F Ahlers
Sullivan & Cromwell LLP
Jack Devine and Amanda Mattingly
The Arkin Group
These firms have professional notices in the Latin Lawyer 250