Work Area: Insolvency & Restructuring

Banco Inter to list shares on Nasdaq through reorganisation

Demarest Advogados and Machado Meyer Advogados have helped Brazil’s Banco Inter in a corporate reorganisation that will allow the bank to list its shares on the Nasdaq stock exchange in New York.

25 October 2021

Several firms help Avianca land DIP-to-exit financing

Milbank in New York, Gómez-Pinzón in Bogotá and Morgan & Morgan in Panama City have helped Colombian airline Avianca obtain a US$1.05 billion facility that will help it exit its existing debtor-in-possession (DIP) financing.

22 September 2021

Buenos Aires province restructures US$7.2 billion debt

The province of Buenos Aires has hired three offices of Cleary Gottlieb Steen & Hamilton LLP and DLA Piper (Argentina) to restructure US$7.2 billion worth of debt, which it defaulted on more than a year ago.

17 September 2021

Dentons appoints LatAm partner to lead BVI office

Global law firm Dentons has hired a former Harneys partner to lead its office in the British Virgin Islands, bringing Latin American experience to the role.

15 September 2021

Raízen and Biosev complete tie-up with US$1.3 billion restructuring

Brazilian sugar ethanol producer Biosev has enlisted Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and FLH Advogados to renegotiate its debt pile of 7 billion reais (US$1.3 billion) with a syndicate of 15 lenders, to fulfil the obligations of its merger with Brazilian energy company Raízen.

14 September 2021

Mexican hotel group restructures debt in US pre-pack process

Mexican hotel operator Grupo Posadas has entered an agreement with creditors to restructure US$393 million worth of notes through a pre-packaged process in the US.

25 August 2021

Chilean car importer completes Chapter 11 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

Oi repays DIP loan as part of US$1.3 billion debt tap

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

Latin American lender seeks Chapter 11 asset sales

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 boosts insolvency finance capabilities with KLA hire

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

03 August 2021

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