Regional news: Argentina

Argentina’s debt restructuring likely to get approval, say lawyers

Argentine lawyers are buoyant that the government’s two-day old deal with holders of the country’s foreign bonds will get the required approval numbers, and mark the country’s return to international capital markets.

06 August 2020

Canadian oil servicer Calfrac secures emergency stays in Texas and Alberta

A Canadian oilfield services provider that operates in Russia and Argentina has secured an emergency Chapter 15 injunction in Texas, as well as a stay on creditor proceedings in Alberta.

15 July 2020

Spanish firm Abencys opens office in Argentina

Madrid-based boutique Abencys has launched a new office in Argentina, in association with local firm De la Vega Caldani Linares Luque & Eviner.

14 July 2020

GRR Live-Latin Lawyer, New York: Venezuela divided

Venezuelan companies that were worth US$1 billion 20 years ago, can now be bought for US$55 million, according to GCG Advisors managing partner Jose Gonzales. “If you want to take the risk, there should be plenty of opportunity.”

01 August 2019

Argentine cable and internet provider files Chapter 15 in New York

Argentine cable television and internet provider Supercanal has filed for Chapter 15 protection in New York, citing debts of over US$400 million.

22 June 2018

Argentine publisher files for Chapter 15 recognition in Florida to access Citibank account

One of the court-appointed liquidators of a “prominent” Argentine publishing company has filed for Chapter 15 recognition in Florida, in an effort to repatriate funds from a bank account held with Citibank in the US.

25 January 2018

PDG Realty files for judicial reorganisation with over 500 subsidiaries

Insolvency boutique E Munhoz Advogados is advising Brazilian homebuilder PDG Realty in a judicial reorganisation authorised by a São Paulo court this month, involving hundreds of subsidiaries and some 5.4 billion reais (US$1.75 billion) in debt.

17 March 2017

New York court rejects new pari passu challenge after Argentine holdout settlement

A New York court has declined to reissue an injunction that prevented Argentina from making payments on restructured sovereign bonds unless it also paid holdouts, saying it was a product of unique circumstances that no longer exist in light of a multibillion-dollar settlement last year.

20 February 2017

Arbitrator criticises panel for “evident failure” in Argentine bonds case

An arbitrator appointed by Argentina in a long-running dispute over its sovereign debt crisis has criticised his co-panellists for failing to produce a final award despite nearly two years of deliberations.

10 January 2017

New York court throws out appeal from Argentine holdouts

A group of individual bondholders who refused to enter into Argentina’s global sovereign debt settlement have lost in their bid to enforce claims against money held in New York, days before the funds go beyond the reach of the US courts.

21 October 2016

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