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A Brazilian judicial administrator who has been trying to extend a dairy company’s bankruptcy to two related entities for some years, has had those extension proceedings recognised as “collective proceedings” under the UK’s version of the UNCITRAL Model Law.
22 December 2020
The holding company for a Norwegian seismic imaging group has secured a single meeting for some of its creditors to vote on an English scheme restructuring US$872 million of debt.
21 December 2020
Brazil’s senate has approved a long-tabled bankruptcy law, which is set to introduce cross-border provisions based on the UNCITRAL Model Law to the country’s regime.
27 November 2020
B Riley Advisory Services, which formally completed a merger with turnaround firm GlassRatner this year, has opened a new office in Mexico in partnership with Brazil’s TCP Partners.
12 November 2020
Joint provisional liquidators have been appointed over the Irish arm of scandal-hit German payments processor Wirecard, while a US holding company backed by Centerbridge and Bain Capital has bought its North American business.
29 October 2020
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
A slew of Brazilian law firms and one Spanish outfit have helped telecoms operators TIM, Telefónica and Claro make a US$3 billion binding stalking-horse bid to jointly buy Oi’s mobile services business, as part of the latter’s reorganisation.
25 September 2020
A New York court has rejected a US$2.4 billion debtor-in-possession loan secured by Chile's LATAM from its shareholders, finding it had the effect of forcing an equity swap in a future restructuring.
15 September 2020
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
Scandal-hit payment processor Wirecard has agreed to sell assets in the UK, Brazil and Germany, while a Munich court has accepted its parent’s administration filing and insolvency proceedings continue in Australia and New Zealand.
01 September 2020
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