Work Area: Insolvency & Restructuring

International noteholders of Chilean car importer Automotores Gildemeister have completed a debt-for-equity takeover of the company through a pre-packaged Chapter 11 plan approved in New York.

20 August 2021

White & Case LLP in Miami and New York and Brazil’s Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados have helped Brazilian mobile company Oi Móvel issue debt worth US$880 million to pay off a debtor-in-possession (DIP) loan.

19 August 2021

A Latin American finance group is looking to sell off its Colombian business through Chapter 11 proceedings in Delaware, blaming debt defaults on accounting errors at its Mexican arm.

09 August 2021

Felsberg Advogados has hired a partner from fellow Latin Lawyer 250 firm KLA Advogados, strengthening its banking and capital markets practices.

03 August 2021

Pinheiro Neto Advogados has helped Emirati investment fund Mubadala launch a 1.1 billion reais (US$197 million) stalking horse bid to buy power assets from Renova Energia as part of the Brazilian renewables company’s restructuring process.

02 August 2021

Brazilian firm Leite, Tosto e Barros Advogados has helped local engineering group UTC amend its 3.7 billion restructuring (US$723 million) deal for the third time, following months of shareholder negotiations.

30 July 2021

Argentina’s largest dairy company, Mastellone Hermanos, has hired Linklaters in New York and local firm Cibils, Labougle, Ibañez Abogados to swap bonds worth US$164 million with newly issued notes to restructure part of its US$200 million debt pile.

09 July 2021

A Chilean financial holding company controlled by billionaire Alvaro Saieh has secured court protection in Delaware to fend off any potential collection attempts by foreign creditors, as it works to restructure more than US$1.8 billion in debt.

06 July 2021

The New York and Buenos Aires offices of DLA Piper LLP have helped the Argentine province of Chaco restructure US$250 million worth of foreign debt.

30 June 2021

One month after securing Chapter 15 recognition in New York, Brazilian miner Samarco Mineração has proposed a judicial reorganisation plan that could see unsecured creditors take an 85% haircut on their claims.

16 June 2021