Gianfranco Lotito and Tomás Kubick

Cuatrecasas represents Suaval Group in restructuring of liabilities

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 and the various legal entities that were included in the reorganisation and the homologation of their different processes through different conditions.

This transaction also marks the first time that a mutual guarantee limited liability company (SGAR) has been reorganised in Chile. It is also the most relevant reorganisation of 2022, as the amount involved exceeds USD 97 million (90 billion Chilean pesos).

Cuatrecasas’ team included partners Gianfranco Lotito (pictured left) and Tomás Kubick (pictured right), and associates Andrés Lafuente and Magdalena Urquidi.

L Giselle Estrada

SHARE