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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