Topic: Cross-border insolvency

Private equity group sued for ‘rigged’ sale of LATAM’s aircraft

A global investment manager is being sued for the second time in three years for allegedly implementing a “sham foreclosure sale” of a bankrupt airline's aircraft.

15 September 2023

Samarco sanction ends years of "high-stakes" negotiations

Eight years since its fatal dam accident in the Brazilian state of Minas Gerais, a local court has approved a reorganisation plan for miner Samarco that was supported by a majority of its creditors and shareholders.

08 September 2023

Chilean wind project companies seek Chapter 11 protection

The Irish founder of a Chilean renewable energy group has moved to dismiss an “unusual” Chapter 11 petition filed by administrators purportedly appointed by its US lenders, in an escalation of an ownership dispute that has been playing out in the US, Chile, Ireland and Spain.

25 August 2023

Several firms navigate debt restructuring for Brazil’s Azul

Three Shearman & Sterling LLP offices and Pinheiro Neto Advogados in São Paulo have assisted Brazilian airline Azul with its debt restructuring.

01 August 2023

Crédito Real strikes creditor deal in Mexico

After sparring for months in a saga that has seen rival Chapter 11 and 15 proceedings filed in New York and Delaware, troubled Mexican shadow bank Crédito Real has reached a global restructuring agreement with an ad hoc group of unsecured creditors.

24 May 2023

Ecuador completes largest debt-for-nature swap

Multiple Dentons offices have helped the Republic of Ecuador complete the world’s biggest debt-for-nature swap transaction, through which the Andean nation has eliminated around US$1 billion worth of debt.

12 May 2023

Brazilian sugar producer seeks Chapter 15 recognition

Three years after sugar and ethanol producer Tonon entered liquidation in Brazil after a prior restructuring came undone, its judicial administrator is seeking recognition in the US to find assets to satisfy unpaid claims.

17 February 2023

White & Case reinstructed for Oi restructuring case

A week after securing a provisional moratorium in Rio de Janeiro, Oi’s Brazilian parent and two Dutch affiliates have turned to White & Case LLP again to help them secure recognition of their Brazilian proceedings in the US and the UK.

16 February 2023

Oi secures urgent insolvency protection in Rio

Lawyers from BMA Advogados have helped Brazil’s Oi and two of its Dutch affiliates obtain provisional protection from creditors in a Rio de Janeiro court, less than two months after the telecoms company formally exited a six-year-long judicial reorganisation process before the same court.

07 February 2023

Brazilian and US firms advise as Ocyan begins restructuring

Offshore oil drilling group Ocyan, formerly known as Odebrecht Óleo e Gás (OOG), has opened Brazilian extrajudicial reorganisation proceedings to deal with a US$2.7 billion debt pile through a debt-for-equity swap.

17 January 2023

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