Philippi Prietocarrizosa Ferrero DU & Uría has represented Awto in its internal corporate restructuring and the creation of a new holding company in Chile. The restructuring is aimed at facilitating Awto’s expansion into new international markets to complement its current presence in Chile and Brazil, as well as making it easier for the company to […]
Cleary Gottlieb has contributed with legal assistance to LATAM Airlines Group, and certain subsidiaries, in their exit from a cross-border debt restructuring before the United States Bankruptcy Court for the Southern District of New York. The subsidiaries advised were those in Chile, Brazil, Peru, Colombia, Ecuador, the Cayman Islands and the United States. This transaction […]
Banking & Finance
Restructurings
Cuatrecasas counsels on restructuring of $120m Andean Telecom credit facility
Cuatrecasas, through a multi-jurisdictional team, has counselled The Bank of Nova Scotia, Deutsche Bank AG, JP Morgan Chase Bank and Goldman Sachs Bank USA on the amendment of a revolving credit facility of up to US$120 million granted to Grupo Andean Telecom Partners. The facility will be used to expand the group’s operations in Latin […]
Demarest has acted as advisor to Caixa Econômica Federal (Caixa), as creditor, in the restructuring of the debt related to the construction project of Arena Itaquera, a football stadium in Sao Paulo for R$ 648,511,597.26. The financing agreement was originally entered into in 2013, as amended from time to time, with the objective of building […]
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
Uncategorized
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 […]
