Work Area: Insolvency & Restructuring

Rio de Janeiro-headquartered retailer Americanas has secured recognition of its Brazilian restructuring in New York, as it dismissed reports that its shareholders had offered to boost a capital injection presented to creditors.

15 March 2023

Viva Air has blamed Colombia’s aviation regulator for its decision to file for insolvency, claiming the authority took too long to review its proposed acquisition by Avianca after the merging parties argued the failing firm defence.

07 March 2023

Brazilian shipyard group Ecovix has relied on three Brazilian firms to obtain approval to amend its judicial reorganisation plan and restructure 8 billion reais (US$1.5 billion) worth of debt.

03 March 2023

Latin Lawyer is delighted to announce the deals shortlisted for the disputes, regulatory and restructuring categories of our 17th annual Deal of the Year Awards.

22 February 2023

Rubio Leguía Normand has recruited a partner from BBGS Abogados (Peru) to head its restructuring and insolvency practice.

20 February 2023

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

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

Brazilian firm Maneira ECIJA has strengthened its corporate, restructuring and tax practices by hiring two partners, including a former in-house lawyer from telecoms group Oi.

08 February 2023

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

An eight-day trial is under way in London to decide whether a Cayman fund can bring a claim against Cuba for payment of an almost 40-year-old sovereign debt governed by English law and denominated in now-defunct German Deutschmarks.

30 January 2023