Work Area: Insolvency & Restructuring

Argentine builder TGLT pays off debt with real estate assets

Argentine construction company TGLT has enlisted Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) to pay off debt owed to the local branch of Brazil’s Banco Itaú by transferring real estate assets to the bank.

15 March 2022

Argentina in final push to approve IMF deal

Argentine lawyers are cautiously optimistic about whether the government's multi-billion debt restructuring with the International Monetary Fund (IMF) will help the country bounce back from years of inflation and recent economic setbacks, and expect fierce political debate before the debt package can be approved by Congress.

11 March 2022

Colombia’s Grupo Aval completes US$2 billion consent solicitation

Colombian financial services company Grupo Aval has enlisted Davis Polk & Wardwell LLP in New York to sign a consent solicitation agreement with noteholders to renegotiate the terms of US$2 billion worth of debt.

08 March 2022

Deal of the Year: the shortlists for disputes, regulatory and restructuring

Latin Lawyer is delighted to announce the deals shortlisted for the disputes, regulatory and restructuring categories of our 16th annual Deal of the Year Awards.

04 March 2022

LatAm lender sells Colombian portfolio amid Chapter 11

US firm Wachtell Lipton Rosen & Katz has helped Puerto Rico-based private equity group CFG Partners acquire a portfolio of Colombian payroll loans from Miami-headquartered counterpart Alpha Latam Management for US$150 million, as part of the latter company’s Chapter 11 restructuring.

01 March 2022

Echecopar cements US$320 million Unacem loan amendment

Estudio Echecopar member firm of Baker McKenzie International has helped several Peruvian lenders amend a US$320 million loan agreement with local cement maker Unacem.

28 February 2022

Court approves first Brazilian football team debt restructuring

Lollato, Lopes, Rangel e Ribeiro Advogados has helped Chapecoense, a football club from the southern Brazilian state of Santa Catarina, get approval from a local court to restructure debt worth 100 million reias (US$18 million), the first deal of its kind related to a Brazilian football team.

18 February 2022

Aeroméxico gets US$4.3 billion capital increase in Chapter 11 plan

Davis Polk & Wardwell LLP in New York, São Paulo and London and Sainz Abogados in Mexico City have helped Mexican flag carrier airline Aeroméxico obtain a capital increase of US$4.3 billion as part of its Chapter 11 restructuring process.

02 February 2022

DLA Piper Gallástegui swipes six partners from White & Case

Mexican firm DLA Piper Gallástegui y Lozano has scored a coup by hiring six partners from local Highly Recommended outfit White & Case SC.

19 January 2022

Bumper harvest and DIP loan help Brazil's Moreno exit bankruptcy

Felsberg Advogados has helped Brazilian sugar ethanol company Grupo Moreno repay its entire debt pile of 1 billion reais (US$180 million), withdrawing a debtor-in-possession (DIP) loan to settle the bill.

17 January 2022

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