Work Area: Insolvency & Restructuring

Brazilian sugar group secures DIP financing

One of São Paulo’s largest sugar and ethanol manufacturers, Clealco, has secured court approval for one of the first major debtor-in-possession (DIP) financing agreements since the 2021 reforms to Brazil’s bankruptcy code.

08 June 2023

Cescon Barrieu grows restructuring team with promotion and hire

Brazilian Elite firm Cescon, Barrieu, Flesch & Barreto Advogados has appointed two partners in its restructuring and litigation practices by promoting a senior associate and hiring a lawyer from BTG Pactual’s distressed debt subsidiary.

25 May 2023

Crédito Real strikes creditor deal in Mexico

After sparring for months in a saga that has seen rival Chapter 11 and 15 proceedings filed in New York and Delaware, troubled Mexican shadow bank Crédito Real has reached a global restructuring agreement with an ad hoc group of unsecured creditors.

24 May 2023

Ecuador completes largest debt-for-nature swap

Multiple Dentons offices have helped the Republic of Ecuador complete the world’s biggest debt-for-nature swap transaction, through which the Andean nation has eliminated around US$1 billion worth of debt.

12 May 2023

Motta Fernandes, Chediak and Sampaio Ferraz partners open firm

Two Motta Fernandes Advogados partners have joined forces with partners from Chediak Advogados and Sampaio Ferraz Advogados to launch new corporate-focused outfit Simões, Ribeiro, Bernardini e Furiati Advogados.

26 April 2023

Deal Tracker: Which were the busiest firms in 2022?

Latin Lawyer presents its latest Deal Tracker Report, providing a unique overview of transactional activity in Latin America throughout 2022. Read on to find out which firms worked on the most transactions last year, and where the majority of the work was concentrated.

24 April 2023

Bustamante Fabara adds director

Ecuadorean Highly Recommended firm Bustamante Fabara has bolstered its corporate offering by promoting a senior associate to director.

24 April 2023

Brazil’s Ocyan seeks Chapter 15 recognition in New York

Offshore oil drilling group Ocyan has sought recognition of its Brazilian reorganisation in New York to prevent creditors from enforcing their claims and evading the terms of its already approved reorganisation plan in the US.

20 April 2023

UK court finds Cuban debt validly assigned but guarantee was not

An offshore fund holding defaulted Cuban sovereign debt obtained the necessary consents to be assigned that debt and may pursue enforcement against the state’s former central bank, an English court has found – but it did not obtain consent to transfer accompanying guarantees provided by the Cuban government.

11 April 2023

Dentons boosts three LatAm offices

International firm Dentons has bolstered several of its Latin American outposts by hiring a partner and counsel in Ecuador and Argentina, and appointing a director from its own ranks in Colombia.

05 April 2023

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