Avianca, LATAM secure court approval for DIP financings

Multiple international and Latin American law firms have helped Colombian-Panamanian airline Avianca and Chile’s LATAM get court approval for debtor-in-possession financings worth more than US$4 billion, weeks after LATAM’s new money deal was initially rejected.

14 October 2020

Montréal retailer enters CCAA and Chapter 15 after landlords refuse abatements

Six law firms and Deloitte have taken new roles as Canadian womenswear retailer Groupe Dynamite obtained an initial order under the Companies' Creditors Arrangement Act, and Chapter 15 provisional relief in Delaware.

29 September 2020

Landlords materially supported New Look CVA, GRR hears

A majority of landlords by value voted in favour of UK retailer New Look’s company voluntary arrangement, GRR has learned, after reports that some would oppose the deal imposing turn-over rents on a big scale.

16 September 2020

NZ High Court restrains Chinese director’s bankruptcy pending directors’ duties appeal

The High Court of New Zealand has halted a bankruptcy application against a Chinese former director of local construction company Mainzeal, pending his appeal of a multi-million dollar breach of duties judgment.

17 July 2020

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