Regional news: Latin America & Caribbean

Appleby rehires funds partner in the Caymans

Offshore firm Appleby has rehired a partner in its Cayman Islands funds team.

16 December 2015

Setbacks in court for secondary investors in Madoff claims

Secondary market investors who bought claims related to the Madoff fraud suffered two setbacks last month, as a court in New York reversed the sale of one claim, and a court in Dublin dismissed attempts to enforce another against a third party on grounds that it violated Irish champerty rules.

16 December 2015

Vantage Drilling files 24 Chapter 11 cases with restructuring plan

Two dozen international subsidiaries of a Cayman Islands-based driller have filed for Chapter 11 protection, blaming the oil price collapse and links to scandalised Brazilian state oil company Petrobras for their woes.

11 December 2015

Mexico’s Homex completes restructuring under new insolvency law

Mexican real estate developer Desarrolladora Homex has become the first major company with US investors to successfully restructure under Mexico’s reformed insolvency law, coming out of its restructuring within the mandated one-year period.

13 November 2015

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