Corporate reorganisations

IBA webinar: LatAm airline Chapter 11s, forum shopping or sound strategy?

Specialists from the US, Brazil, Chile and Mexico met to discuss the allure of the Chapter 11 process for Latin American’s three largest airlines, Avianca, LATAM and Aeroméxico, as well as the potential pitfalls of forum shopping.

10 September 2020

Judge approves Pyxus Chapter 11 despite shareholder revolt

Simpson Thacher and Delaware’s Young Conaway Stargatt & Taylor have helped global tobacco-turned-hemp producer Pyxus get confirmation of its pre-packaged Chapter 11, after a revaluation request from wiped-out shareholders was waved off.

27 August 2020

DLA Piper in Canada gains two from Gowling

DLA Piper has hired Gowling WLG’s former national restructuring leader Colin Brousson and associate Jeffrey Bradshaw for its Vancouver office.

26 August 2020

Alvarez & Marsal bolsters ranks in the Nordics

Alvarez & Marsal has hired a new head of financial restructuring and an operational restructuring lead for the Nordics, three months after launching its Norwegian practice.

17 August 2020

Speedcast agrees sale to support Chapter 11 exit

Australian satellite communications group Speedcast has agreed to sell its business to a US private equity firm, in a deal that would see disgruntled shareholders lose out when it emerges from bankruptcy.

14 August 2020

Virgin Atlantic allowed to convene UK restructuring plan meetings

Virgin Atlantic is set to hold creditors’ meetings on its restructuring plan, the first to be implemented under the UK’s new Corporate Insolvency and Governance Act, following an English court ruling.

04 August 2020

Brazilian court approves Odebrecht’s results-based reorganisation plan

A Brazilian court has approved a restructuring plan for non-operating companies in Brazil’s Odebrecht group, which will see it pay creditors with the proceeds of asset sales and new, profit-sharing securities.

29 July 2020

Duff & Phelps hires new restructuring head for the Middle East & Africa

Advisory firm Duff & Phelps has hired the former head of KPMG Middle East’s deal advisory group to lead its global restructuring practice in the Middle East and Africa.

21 July 2020

Lecta completes another recapitalisation as covid-19 bites

Global paper manufacturer Lecta has completed another recapitalisation with Linklaters and Willkie Farr advising, six months after the High Court in London sanctioned a scheme of arrangement that saw it transfer most of its equity to noteholders.

17 July 2020

First restructuring plan launched in UK, A&O and Houlihan lead for Virgin

Updated: Allen & Overy and Houlihan Lokey are leading Virgin Atlantic through the first-ever restructuring plan launched under the UK’s new Corporate Insolvency and Governance Act.

15 July 2020

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