Work Area: Insolvency & Restructuring

Resolution Through Litigation, Or Not

Featured in The Guide to Restructuring - Second Edition

The Insolvency Law remains a practical means to salvage a company, when used as intended and correctly.

26 August 2022

The Growing Importance of ESG in Restructurings

Featured in The Guide to Restructuring - Second Edition

The number of assets allocated to socially responsible investment products continues to increase, and ESG criteria continue to gain ground, with many institutional investors investing only in those companies that provide ESG performance reporting.

26 August 2022

Case Study: Aviation

Featured in The Guide to Restructuring - Second Edition

The covid-19 pandemic caused an unprecedented crisis in the aviation industry globally, and Latin America’s largest airlines were not insulated from its effects.

26 August 2022

Recent Restructuring Reforms in the Region: Mexico

Featured in The Guide to Restructuring - Second Edition

There is hope that with the recent creation of specialist insolvency courts, the need to revise the ageing Insolvency Law, and many of its impractical provisions, will gain momentum.

26 August 2022

The Interplay between Different Stakeholders in Mexican Restructurings: Equity versus Debt

Featured in The Guide to Restructuring - Second Edition

There is still a tendency in the courts to favour debtor protection. Courts constantly issue reliefs to protect the debtor, which allows a company to operate more easily during proceedings.

26 August 2022

Debtor-in-Possession Financing in Brazil: The Oi Case

Featured in The Guide to Restructuring - Second Edition

Despite certain ongoing issues, the Reform and the inclusion of DIP financing in the Brazilian legal framework are more than welcome.

26 August 2022

Trends in Distressed Investing in Latin America

Featured in The Guide to Restructuring - Second Edition

There is a good prospect for pressures to lead to significant financial disruption in the region, resulting in distressed investing opportunities and the need for creative restructuring solutions for several years to come.

26 August 2022

Refinancing Venezuela’s Debt: Local Legal and Policy Issues

Featured in The Guide to Restructuring - Second Edition

Given the current size of Venezuela’s economy, aggregate claims against the country are equivalent to several multiples of its gross domestic product (GDP).

26 August 2022

Recent Restructuring Developments in the Region: Brazil

Featured in The Guide to Restructuring - Second Edition

In 2020, the deep economic recession caused by the covid-19 pandemic increased the challenges already being faced by Brazilian companies and Brazil’s economy as a whole – both were already weakened by successive economic crises resulting from the unstable political situation in the country.

26 August 2022

Argentina’s Pampa Energía completes US$407 million bond swap

Argentina's Pampa Energía has enlisted Cleary Gottlieb Steen & Hamilton LLP in São Paulo and New York and Salaverri, Burgio & Wetzler Malbrán in Buenos Aires to swap debt and issue new bonds through a US$407 million exchange offer.

15 August 2022

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