Work Area: Insolvency & Restructuring

Oi settles BNDES and BTG Pactual debt after mobile unit sale

BMA – Barbosa, Müssnich, Aragão in Rio de Janeiro and São Paulo has helped Oi repay 6.6 billion reais (US$1.4 billion) worth of debt to Brazilian development bank BNDES and BTG Pactual, following the sale of its mobile division to Claro, Telefónica and TIM.

10 May 2022

Cuatrecasas helps Chilean steel producer restructure debt

Chile’s largest steel producer CAP and its subsidiary Compañía Siderúrgica Huachipato have turned to Cuatrecasas (Chile) to carry out a capital restructuring worth US$290 million.

28 April 2022

LATAM obtains US$3.7 billion super-priority DIP financing

Several international and Latin American law firms have advised on LATAM Airlines' US$3.7 billion super-priority debtor-in-possession (DIP) loan.

27 April 2022

Robles Miaja and Nader Hayaux in real estate debt restructuring

Mexican real estate group Grupo GICSA has enlisted Robles Miaja Abogados to restructure US$600 million worth of debt.

14 April 2022

Grupo Aval sets up securitisation programme for Taca Airlines

Colombian financial services company Grupo Aval has turned to Latham & Watkins LLP in New York, Chicago and Boston to structure a future flow securitisation of credit card receivables of Taca Airlines, the Salvadorean division of Avianca.

04 April 2022

Multiple firms in Paranapanema debt restructuring

Arnold & Porter in New York and Washington, DC and Brazilian firms Machado Meyer Advogados, Dias Carneiro Advogados and Felsberg Advogados have advised a group of creditors in Brazilian copper producer Paranapanema’s US$479 million debt restructuring.

04 April 2022

Coritiba football club gets judicial restructuring approval

Lollato Lopes Rangel e Ribeiro Advogados has helped Brazilian football club Coritiba get approval from a local court to restructure 300 million reais (US$59 million) worth of debt.

28 March 2022

Aeroméxico exits Chapter 11 bankruptcy

Mexican flag carrier Aeroméxico has relied on three Davis Polk & Wardwell LLP offices and local firm Sainz Abogados to successfully emerge from its Chapter 11 restructuring, almost two years after it first entered the process.

22 March 2022

Lefosse nabs partners from TozziniFreire and E Munhoz

Lefosse has added two lawyers to its senior rank by hiring partners from fellow Elite firm TozziniFreire Advogados and E Munhoz Advogados, boosting its disputes and restructuring departments.

17 March 2022

Argentine builder TGLT pays off debt with real estate assets

Argentine construction company TGLT has enlisted Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) to pay off debt owed to the local branch of Brazil’s Banco Itaú by transferring real estate assets to the bank.

15 March 2022

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