Regional news: Argentina

A US federal appeals court has rejected a bid by Argentine energy company YPF to disqualify White & Case from representing its adversary in a bankruptcy lawsuit, after the firm hired a lawyer who had been working on YPF’s defence team.

12 September 2022

Argentina-headquartered power plant group Stoneway Capital has won confirmation of its Chapter 11 plan after a New York court overruled an objection lodged by the US Trustee over third-party releases.

12 May 2022

DLA Piper’s New York and Buenos Aires offices have helped the Argentine province of Chaco restructure US$250 million worth of foreign debt.

06 July 2021

Senior noteholders of Argentine power plant operator Stoneway Capital have asked a US court to let them contest the abandonment of its Canadian proceedings, less than a month after the company sought Chapter 11 protection in New York.

04 May 2021

Power plant operator Stoneway Capital Corporation has applied for Chapter 11 protection in the US and is likely to abandon its Canadian restructuring, after environmental claims filed against it in Argentina prevented the extension of a standstill agreement with creditors.

08 April 2021

White & Case is advising a group of bondholders who have filed a suit against the Argentine province of Buenos Aires over its continuing defaults, while Holland & Knight and DLA Piper have helped the province of Jujuy restructure US$210 million worth of foreign debt.

31 March 2021

Argentine oil company YPF has secured approval from noteholders to exchange debt maturing next month, with Cleary Gottlieb and local firm Bruchou advising the company and a quartet of firms including Clifford Chance, Bomchil, Dechert and DLA Piper acting for creditor groups.

11 February 2021

The Argentinian city of Córdoba has hired teams from Hogan Lovells in New York and Houston and Córdova Francos Abogados in Buenos Aires to restructure US$150 million worth of foreign debt, following in the footsteps of the federal government and the province of Mendoza.

25 November 2020

A Buenos Aires-headquartered power plant producer has modified the terms of a restructuring it is carrying out under the Canada Business Corporations Act, ahead of an upcoming creditors vote.

23 November 2020

Lawyers who worked on Argentina’s US$65 billion international debt restructuring reflect on the challenges and achievements of the deal, highlighting the activation of collective action clauses as a key ingredient for its successful outcome.

28 September 2020