Work Area: Insolvency & Restructuring

Alpha seals Colombian restructuring amid Chapter 11 process

Alpha Latam Management – a lender that operates in Colombia and Mexico – has hired a slew of firms to finalise the Colombian section of its Chapter 11 restructuring, increasing its available capital by US$87 million.

03 October 2022

Rubio Leguía and De Bracamonte in Peruvian debt restructuring

Rubio Leguía Normand has helped Peruvian holding company Lis Argentis restructure 253 million soles (US$65 million) worth of debt with local development bank COFIDE.

28 September 2022

Cuatrecasas helps Chilean SME lender restructure debt

Cuatrecasas (Chile) has helped local lender Grupo Suaval restructure US$97 million worth of debt related to three of its subsidiaries.

27 September 2022

Chile’s VivoCorp changes ownership through restructuring

Carey has helped Chilean shopping centre operator VivoCorp undergo a corporate reorganisation, in which the company transferred its ownership to new stakeholders and completed a bond swap.

23 September 2022

New York court blocks PJT restructuring fee in LATAM Chapter 11

Despite claiming the duration and complexities of its Chapter 11 case were unforeseen, South American airline LATAM has failed to convince a New York court to let it pay its investment banker PJT Partners an additional US$12 million restructuring fee if its plan becomes effective.

22 September 2022

CGE restructures to meet new regulations in Chile

Cuatrecasas (Chile) has helped local utility group Compañía General de Electricidad (CGE) carve out its power transmission business as a standalone entity.

15 September 2022

Argentine oil group swerves default in US$28 million restructuring

Argentine energy company Roch has enlisted Tavarone, Rovelli, Salim & Miani to restructure its debt burden and make new bond and loan deals worth US$28 million, helping it to meet bankruptcy protection requirements after the company defaulted on previous debt.

06 September 2022

Chapter 11 as a Restructuring Option for Latin American Companies

Featured in The Guide to Restructuring - Second Edition

Case law interpreting the ‘property requirement’ has uniformly held that any property, regardless of size, will satisfy the ‘property requirement’, making Chapter 11 readily available to Latin American companies.

26 August 2022

Latin American M&A and Distress Outlook: Post-Pandemic Effects, Market Dynamics, Trends and Opportunities

Featured in The Guide to Restructuring - Second Edition

Government aid in certain countries, low interest rates, new macro trends and the possibility to invest in businesses in distress created the optimal environment for a record year.

26 August 2022

Pre-Package in Mexico: Why It Does Not Work

Featured in The Guide to Restructuring - Second Edition

The pre-package petition was introduced in Mexico as a result of the 2007 amendment to the Mexican Bankruptcy Law.

26 August 2022

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