Skadden instructed on Avianca shareholder litigation

Skadden, Arps, Slate, Meagher & Flom advised Avianca in a litigation brought by its second-largest shareholder, regarding the airline´s proposed alliance with United. 

Avianca is Colombia’s flagship airline and Latin America’s second largest carrier. Both Avianca and U.S. carrier United Airlines are members of the Star Alliance and have been planning a closer partnership. 

Kingsland Holding, the minority shareholder, sued Avianca and its controling shareholder in the New York State Supreme Court in February 2017 to block the strategic alliance. In March, Avianca brought forward its own lawsuit against Kingsland, seeking dismissal. 

On November 29, both parties agreed to withdraw their respective lawsuits. Kingsland withdrew its lawsuit after Avianca succeeded twice in blocking attempts to obtain expedited discovery and after the Colombian carrier had filed a motion to dismiss and prevailed on its motion to stay all discovery pending resolution of its motion to dismiss. 

Skadden advised Avianca throughout the proceedings. 

According to media reports, Avianca continues to negotiate its strategic alliance with United. 

Skadden instructed on Avianca shareholder litigation

Ignacio Abella

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Legal Group, S.L.
Registered office: C/ Ríos Rosas 44A - 2 G,H 28003 Madrid España

Copyright 2023 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram