Regional news: Latin America & Caribbean

Argentina’s quest for the moral high ground in its recent restructuring

In the first of a four-part feature, Steven Kargman, founder and president of the eponymous New York-based international restructuring advisory firm Kargman Associates, examines Argentina’s strategy in its recent debt negotiations with foreign bondholders.

14 September 2020

Carey Olsen hires new BVI dispute resolution leader

Offshore firm Carey Olsen has hired a new head for its dispute resolution and litigation practice in the British Virgin Islands, from Maples Group.

14 September 2020

IBA webinar: LatAm airline Chapter 11s, forum shopping or sound strategy?

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

English court sanctions ED&F Man’s scheme

An English court has sanctioned a scheme of arrangement for international commodity trader ED&F Man, paving the way for it to restructure debts governed by English and New York law.

09 September 2020

Hong Kong court urges consistency in recognition requests

A Hong Kong court has recognised the Bermudian “soft-touch” provisional liquidations of a metals company and a commodities trader, but has asked for consistency from foreign officeholders and courts seeking assistance.

08 September 2020

Ecuador completes US$17.4 billion debt restructure

With help from Hogan Lovells, Ecuador has completed a deal to restructure its US$17.4 billion international debt pile, marking one of the first applications of collective action clauses in a capital markets transaction.

04 September 2020

Creditors approve ED&F Man’s UK scheme

International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.

02 September 2020

Wirecard sells assets in UK, Brazil and Germany

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

Cayman court approves landmark cross-border communications protocol

A Cayman Islands court has approved a cross-border communications protocol for the first time, agreeing a process for working with courts in New York, Chile and Colombia on Chilean airline LATAM’s restructuring.

27 August 2020

Creditors to vote on amendments to Oi’s landmark reorganisation

Brazilian telecoms company Oi has presented creditors with amendments to its landmark US$20 billion restructuring plan that was approved in 2019, in a bid to get higher offers on assets and extend new loans.

25 August 2020

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