Work Area: Insolvency & Restructuring

Five White & Case LLP offices and Carey in Santiago have helped Irish energy company Mainstream Renewable Power complete the judicial reorganisation for two of its Chilean subsidiaries by restructuring US$1.6 billion worth of debt.

30 November 2023

Pinheiro Neto Advogados has helped Emirati sovereign wealth fund Mubadala Capital acquire the remaining 10% stake that Brazilian conglomerate Novonor held in local ethanol producer Atvos, marking the exit of the company – formerly known as Odebrecht – from the bioenergy group.

09 November 2023

Skadden, Arps, Slate, Meagher & Flom LLP in New York has helped Mexican behemoth Cemex renegotiate US$3 billion worth of debt.

07 November 2023

Leading telecoms groups Telefónica, América Móvil and TIM have settled their arbitration with troubled Brazilian operator Oi over the price they paid to acquire its mobile assets.

13 October 2023

Three Shearman & Sterling LLP offices, seven White & Case LLP offices, and Pinheiro Neto Advogados and Nantes Mello Advogados, both in São Paulo, have helped Azul issue US$370 million worth of notes, allowing the Brazilian airline to complete the restructuring of its obligations with several stakeholders.

12 October 2023

Counsel to South American miner Samarco tells Latin Lawyer’s sister platform Global Restructuring Review that it has secured a New York court’s approval to enforce its long-awaited Brazilian reorganisation plan in the US.

09 October 2023

Five DLA Piper LLP offices have provided pro bono legal advice to four international non-government organisations – including World Wildlife Fund (WWF) – as they signed a debt-for-nature swap, cutting Peru’s debt to the US by US$18 million over the next 13 years.

02 October 2023

Ferrere (Bolivia) has helped US holding company Epet Hold acquire a share of Bolivian pet company Envíos Pet as part of the target group’s corporate restructuring.

29 September 2023

Pinheiro Neto Advogados has helped Brazilian renewables company Soneva make an inaugural debentures issuance of 6.8 billion reais (US$1.3 billion) to fund its take-over of ethanol producer Atvos Bioenergia, which is undergoing restructuring.

28 September 2023

As several large Latin American businesses were forced into restructuring proceedings during the pandemic, many of them opted for Chapter 11 recognitions in the US to access debtor-in-possession (DIP) financings. But as new restructuring regimes take effect in Latin America, local companies may increasingly seek these finance structures at home.

26 September 2023