Regional news: Latin America & Caribbean

Creel hires Ritch Mueller veteran in Mexico City

Ritch Mueller Heather y Nicolau name partner Thomas Heather in Mexico City, a founding member of the International Insolvency Institute, is joining Creel García-Cuéllar Aiza y Enriquez as of counsel.

13 January 2021

Petra Diamonds’ English scheme sanctioned after foreign recognition assured

A subsidiary of Bermuda-incorporated, Jersey-headquartered miner Petra Diamonds has had its English scheme sanctioned, with the judge assuming it could be recognised in the EU since the proceedings were commenced before the UK’s Brexit transition period closed.

12 January 2021

Quantuma acquires new Cayman firm

UK-headquartered Quantuma has acquired a Cayman Islands-based advisory firm recently founded by asset recovery specialist Angela Barkhouse, stating it wants to replicate its past success expanding internationally in Cyprus and Mauritius.

07 January 2021

Stephenson Harwood restructuring chair set to join Faegre Drinker in London

Faegre Drinker Biddle & Reath is continuing its rapid growth with the hire of Stephenson Harwood’s head of restructuring Sue Moore.

05 January 2021

Harneys, Willkie Farr and Debevoise announce new year promotions

This new year promotions round has seen Harneys elevate five litigators in the British Virgin Islands, while Willkie Farr & Gallagher has appointed a new partner in New York, and Debevoise & Plimpton has made several promotions to counsel and international counsel.

05 January 2021

Singapore Mareva injunction upheld against Cayman holding company

A Singapore court has upheld a Mareva injunction issued against a Cayman holding company and its Canadian director, rejecting challenges to its jurisdiction over a foreign law dispute.

04 January 2021

Brazilian extension applications are “collective proceedings” under UK’s Model Law

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

Ashurst advising as Norwegian oil services group secures scheme meeting

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

Fairfield avoidance claims dismissed in New York

A New York court has thrown out avoidance claims brought by the BVI liquidators of three Madoff funds against their shareholders, but allowed them to continue with constructive trust claims under BVI common law.

17 December 2020

African diamond miner and Bermudian insurer seek recognition in New York

An English subsidiary of an African diamond miner has sought recognition of its scheme proceedings in New York, two weeks after the joint provisional liquidators of a Bermudian insurance company also filed Chapter 15 proceedings in the city.

16 December 2020

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