Work Area: Insolvency & Restructuring

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

Linklaters, Rebaza Alcázar and DLA Piper in Peruvian bank debt restructuring

Peruvian financial institution Edpyme Acceso Crediticio has turned to Linklaters in New York and Rebaza, Alcázar & De Las Casas in Lima to restructure US$200 million worth of debt.

14 January 2022

Mexican hotel chain restructures debt amid Chapter 11

Cleary Gottlieb Steen & Hamilton LLP in New York and Ritch Mueller y Nicolau, S.C. in Mexico City have helped Mexican hotel operator Grupo Posadas restructure US$393 million worth of debt as part of the company’s Chapter 11 process.

13 January 2022

Avianca emerges from Chapter 11 restructuring

Five offices of US firm Milbank, Gómez-Pinzón in Bogotá, four offices of Central American firm BLP and Jones Day (Mexico) have helped Latin American airline Avianca emerge from its Chapter 11 restructuring process and eliminate debt worth more than US$1 billion.

10 January 2022

Veirano starts 2022 with eight new partners

Brazilian Elite firm Veirano Advogados has promoted eight associates to partner, boosting several practice areas in preparation for the new year.

17 December 2021

Weathering a Crisis in Brazil: Fiduciary Duties of Directors and Officers of Brazilian Companies Approaching Insolvency

Featured in The Guide to Corporate Crisis Management - Fourth Edition

The covid-19 financial fallout and Brazil’s ensuing economic recession have prompted Brazilian companies to take several measures in an effort to mitigate potential adverse impacts on their balance sheets and operations.

10 December 2021

Financial Distress: An Action Plan for Corporate Restructurings in Mexico

Featured in The Guide to Corporate Crisis Management - Fourth Edition

While in many respects, there may be some similarities to the context of insolvency phenomena in other Latin American jurisdictions, this chapter addresses how to best formulate an action plan for insolvency in Mexico only.

10 December 2021

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