Chilean hydroelectric project operator Alto Maipo has had its Chapter 11 plan approved by a Delaware court, after the company modified language related to third party releases in response to an objection by the US trustee.
20 May 2022
A group of creditors opposed to South American airline LATAM’s Chapter 11 plan have won the right to reopen the deposition of an FTI Consulting specialist who carried out a liquidation analysis of the group.
19 May 2022
South America’s largest airline LATAM has secured a partial victory over objecting creditors after a US judge expressed a willingness to allow it to solicit votes on its Chapter 11 plan, pending a hearing next week over a contested backstop credit agreement.
02 February 2022
Two days after South America’s largest airline LATAM submitted a Chapter 11 plan in New York, one of its Brazilian competitors has backed off from an offer to combine with the Chile-headquartered company.
03 December 2021
The operator of an incomplete Chilean hydroelectric project, which plans to turn melted snow from the Andes mountains into electricity, has filed pre-packaged Chapter 11 proceedings blaming reduced snow fall over the past decade.
18 November 2021
International noteholders of Chilean car importer Automotores Gildemeister have completed a debt-for-equity takeover of the company through a pre-packaged Chapter 11 plan approved in New York.
17 August 2021
A Chilean financial holding company controlled by billionaire Alvaro Saieh has secured court protection in Delaware to fend off any potential collection attempts by foreign creditors, as it works to restructure more than US$1.8 billion in debt.
02 July 2021
Chile's Carey has helped ski resort Valle Nevado restructure US$60 million worth of debt, following financial difficulties caused by a recent snow shortage and social restrictions amid the covid-19 pandemic.
07 May 2021
Chilean car importer Automotores Gildemeister has commenced solicitation for a pre-packaged Chapter 11 process to reduce its debt by over US$200 million, after restructuring its senior notes in 2019 and 2016.
12 April 2021
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
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