Estudio Muñiz has counselled thyssenkrupp AG on the Peruvian chapter of the restructuring of its economic group. This transaction was carried out in conjunction with the global firm Freshfields Bruckhaus Deringer, with the aim of separating the group’s business units and making the sale of the shares of thyssenkrupp Industrial Solutions (Peru) viable for a […]
Cuatrecasas, through its team in Santiago de Chile, represented Grupo Suval in the restructuring of its current and contingent liabilities through its three companies Suaval SAGR, Avalpyme SAGR and Suaval Garantía SAGR. This insolvency reorganisation was one of the most complex ones governed by Law 20.720, both due to the nature of the restructured liabilities […]
Barros & Errázuriz has advised the lenders of Inversiones Terra on the judicial reorganisation of the company’s liabilities and their subsequent implementation. This transaction was closed on 23 August, with Carey acting as advisor to CorpGroup and Asset AGF, and Boffil Mir as advisor to VivoCorp’s lenders. The advisory involved leading the strategy and negotiations […]
Ferrere, through its team in Paraguay, has counselled Solar Ahorro y Finanzas in its transformation process into a bank, as well as in the change from S.A.E.C.A. to S.A.E. This transaction was closed on 10 August, where the Central Bank of Paraguay (BCP), through Resolution No. 21, Act No. 45, authorised Solar’s corporate transformation and […]
Pérez Alati Grondona Benites & Arntsen has assisted Trafigura PTE LTD in the judicial restructuring of the debt of Roch, a company engaged in the exploitation, exploration and marketing of oil and gas. The restructuring of the debt, of approximately US$27 million, was filed by the company on 5 November 2020, in the framework of […]
Restructurings
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Carey represents Alto Maipo and Strabag creditors in restructuring agreement
Carey has represented U.S. International Development Finance Corporation, DNB Bank ASA, Itaú Corpbanca, Bci, among others, as creditors of Alto Maipo and Strabag, in connection with a Restructuring Support Agreement, in the context of a $2.1 billion Chapter 11 Bankruptcy Code proceeding before the US Bankruptcy Court. Norton Rose Fulbright also advised the creditors, while […]
Carey has counselled HRV, a subsidiary of CorpGroup which is in the process of developing a hotel project in Viña del Mar, on the restructuring of its financial liabilities. This transaction was closed on 6 June for USD $14.5 million (approximately 400,000 UF). SIV Abogados acted as counsel to BTG Pactual Chile and Banco Internacional. […]
Carey has assisted CorpGroup, as well as CorpGroup Banking and Compañía Inmobiliaria y de Inversiones SAGA, among others, in the restructuring of its liabilities, including a 144A bond issued under New York law and secured and senior bank debt, in a Chapter 11 proceeding before the US Bankruptcy Court, as well as in a series […]
The law firm Lollato, Lopes, Rangel e Ribeiro Advogados, represented Joinville Esporte Clube (JEC), which had its request for judicial reorganization granted by the Court of Justice of Santa Catarina (TJ-SC). The debt is R$ 40 million. From the approval date, June 9, 2022, the club must present its recovery plan within 60 days to […]
Cuatrecasas, through its team in Santiago de Chile, has represented Cintac in the process of restructuring its liabilities with Banco de Crédito e Inversiones (BCI). The transaction was for a total of US$35 million and will enable Cintac to adjust its medium- and long-term financial obligations. Cintac is dedicated to the manufacture and commercialisation of […]
