Regional news: Latin America & Caribbean

A Hong Kong court has appointed liquidators over a Cayman healthcare company accused of fraud, after dispensing with creditor meetings and rejecting opposition from contributories.

09 April 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

A long list of law and advisory firms have helped international hotel operator AccorInvest Group secure additional financing and complete a multi-jurisdictional restructuring of its €4.5 billion debt pile.

07 April 2021

Offering a rare glimpse into a cross-border insolvency in Africa, a Cayman court has appointed light-touch provisional liquidators over an oil and gas company finding its intention to restructure was there, despite its “precarious” negotiations being at an early stage and creditors in Kenya trying to stall a related Mauritian administration.

01 April 2021

Shearman & Sterling has continued its London expansion while FTI Consulting has strengthened its Madrid and Abu Dhabi offices, Kroll has promoted four new managing directors in the UK, and EY has hired in Bermuda.

01 April 2021

Former Tauil & Chequer Advogados partner Leonardo Morato has launched a new Brazilian restructuring boutique and entered an alliance with São Paulo real estate firm DMBoulos Advogados.

01 April 2021

Sequor Law has helped the English trustees of an Omani citizen secure interim recognition in Florida and is advising the Cayman liquidators of a segregated portfolio company on a recognition request in the same state – while a separate set of Cayman liquidators are seeking similar relief in New York.

31 March 2021

Brazilian financial group Piemonte has acquired five data centres from Oi with assistance from Pinheiro Neto Advogados, marking the telecoms company’s first divestment under its judicial restructuring.

31 March 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

China’s Luckin Coffee has secured US recognition of its Cayman liquidation – but a New York court has asked for more information before it decides the scope of further Chapter 15 relief, in light of objections lodged over a stay on claims against non-debtor parties.

24 March 2021