Several firms advise on GOL’s successful Chapter 11 restructuring
Lefosse, Pinheiro Guimarães, Machado Meyer, BMA, Stocche Forbes and other international law firms acted on the transaction in which GOL Linhas Aéreas Inteligentes, a member of the Abra Group, successfully concluded its financial restructuring process in the United States under Chapter 11 of the US Bankruptcy Code.
The operation involved the issuance of debt securities worth over US$ 3 billion and marks a decisive stage in the company’s recovery and financial repositioning.
The operation also included the full repayment of the DIP (debtor-in-possession) financing and the inflow of new funds through the issuance of senior guaranteed and subordinated notes, maturing in 2030.
Lefosse advised Gol and relied on partners Marcelo Tourinho (pictured left), Gustavo Paes, Eduardo Carvalhaes, Luiz Lopes and Roberto Zarour; counsels Beatriz Ghosn and Fabio Perez; and associates Arthur Almeida, Leonardo Gaspar, Mariana Sangoi, Julia Ferrari, Renan Zing, Luisa Nordskog, Juliana Sá, Victor Chang and Roberta Rossi.
Pinheiro Guimarães (Brazil) advised Abra Group and relied on partners Marcelo Lamy (pictured center-left), Bruno Lardosa, Rene Brunet and Guilherme Vaz; associates Isabela Amorim, Nicholas Sousa, Leandro Bittencourt and Lucas Maia.
Milbank acted as international counsel to Gol Finance and its affiliates and had Tobias Stirnberg.
The Abra Group was also advised by Wachtell, Lipton, Rosen & Katz (USA), Slaughter and May (UK).
Machado Meyer advised TMF Brasil with partner Fabio Falkenburger (pictured center-right), senior associate Pedro Amim and associate Izadora Mastrangelli.
BMA – Barbosa Müssnich Aragão was the Brazilian counsel to Castlelake and Elliott Investment Management, and included partners Camila Goldberg (pictured right), Gabriel Bürgel and lawyers Natalia Yazbek, lawyers Maria Luiza Belmiro, Mila Franco Cunha, Victoria Mesquita and Gabriela Bellido.
BMA tax team also assisted GOL in several tax matters in connection with its restructuring in the US (Chapter 11) and relied on partner José Otavio Faloppa, associates Felipe de Albuquerque Destri, Andrea Oliveira, João Victor Bueno and Guilherme Quinoneiro Gothardo.
Acting as international counsel for Castlelake and Elliott Investment Management: Skadden with Elvira Perez, Nicolas Perez Sierra; and Norton Rose with Ryan Apar.
Stocche Forbes acted as Brazilian Counsel to the Unsecured Creditors’ Committee, advising the Committee on issues related to Brazilian law and relied on partners Guilherme Coelho, Teo Galvão, Pietro Bianchi, Guilherme Forbes; associates Camila Manso, Rafael Teodoro, Bruno Melnick, Marion Castro.
