Regional news: Latin America & Caribbean

IWIRC launches 50th network around the world

The International Women’s Insolvency & Restructuring Confederation has launched its 50th network across the globe with the opening of a new chapter in Mexico.

01 December 2021

Cayman court raises comity concerns over Hong Kong winding up

An attempt by a Chinese liquor distributer to appoint joint provisional liquidators in the Cayman Islands has been frustrated after a local court raised comity concerns over separate Hong Kong winding up proceedings.

26 November 2021

McKinsey agrees SEC fine over insider trading policies

McKinsey & Company has agreed to pay US$18 million to settle claims it failed to fully prevent the risk of insider trading in relation to investments in clients for which the firm also acted as a consultant – including bankrupt energy group SunEdison and Puerto Rico.

24 November 2021

Hong Kong publisher escapes winding up pending arbitration

A Shanghai business school has failed to secure a winding up order against its academic resource publisher, after a Hong Kong court stayed its petition pending the outcome of an arbitration.

24 November 2021

Andes snow drought ploughs Chilean plant operator into Ch11

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

Alpha Latam Ch11 sale approved

Latin American finance group Alpha Latam Management has secured court approval for a sale of its Colombian assets, three months after accounting errors at its Mexican arm led it to file for Chapter 11 protection.

17 November 2021

Robin Dicker QC 1961-2021: “a most delightful man”

Robin Dicker QC, a leading light of the English bar who worked on almost all the UK's major corporate restructurings of the last three decades, has died after a short illness.

16 November 2021

Dentons BVI leader keeping “very close eye” on China

The new managing partner of Dentons’ British Virgin Islands office tells GRR the firm is keeping a close eye on developments in the Chinese real estate market and is primed to make use of its extensive network in the region.

15 November 2021

Ship insurer seeks winding up of Cayman vessel owner after coral reef crash

A Bermudian ship insurer pursued by the US Department of Justice for environmental damages has asked a Cayman Islands court to wind up oil tanker owner Margara, 15 years after one of its vessels caused damage to a coral reef off the coast of Puerto Rico.

12 November 2021

Evergrande makes payments as German investor prepares bankruptcy filing

After claiming Chinese property group Evergrande missed payments on three bonds yesterday, German investor DMSA Deutsche MarktScreening Agentur says it is preparing to issue bankruptcy proceedings – but Evergrande’s financial adviser tells GRR that payments have been made.

11 November 2021

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