Regional news: Latin America & Caribbean

A&M hires former Begbies head for BVI office launch

Former Begbies Traynor director Wesley Edwards has joined Alvarez & Marsal to lead its new office in the British Virgin Islands, three months after a BVI court issued a first-of-its-kind decision approving a block transfer of his insolvency appointments to one of his former colleagues.

20 October 2022

Mina Tucano secures Ch15 recognition, Canadian parent converts bankruptcy

Gold miner Mina Tucano's Brazilian judicial reorganisation has been recognised in New York, as its Canadian parent converted its own bankruptcy to Companies Creditors Arrangement Act proceedings – but a creditor now appears to seeking to place the parent back in bankruptcy.

19 October 2022

Lefosse adds trio of partners in São Paulo

Brazilian firm Lefosse has bolstered its insolvency offering with the addition of Cescon Barrieu Flesch & Barreto’s former restructuring head Fábio Rosas and two other partners in São Paulo.

18 October 2022

Cayman-US comity dispute heads to 11th Circuit

An attempt by the joint liquidators of a bankrupt Cayman feeder fund to overturn a US federal receiver’s distribution plan is moving to the Eleventh Circuit Court of Appeal, after their efforts failed in a Florida district court.

14 October 2022

Hong Kong Airlines secures scheme meetings in Hong Kong

Crossing the first hurdle in its dual UK-Hong Kong restructuring, Hong Kong Airlines has won approval to convene scheme meetings in Hong Kong ahead of a separate hearing for its UK restructuring plan next week.

13 October 2022

Morgan Lewis advising as blood storage group’s JPLs seek Ch15 recognition

The joint provisional liquidators of a Cayman-registered, mainland China-based umbilical cord blood storage group are seeking Chapter 15 recognition to investigate its affairs in the US, as its largest shareholder attempts to wind it up on just and equitable grounds, alleging fraud and forgery in a transaction with a Texas company.

13 October 2022

Latham advising as Bang energy drink owner files Ch11 in Florida

The owner of US energy drink Bang is seeking bankruptcy protection in Miami to overhaul its distribution system and stay a host of litigation, including trademark infringement and false advertising claims from a rival company.

11 October 2022

GRR Live, New York: in pictures

GRR Live returned to New York last week after a three-year break due to covid-19.

10 October 2022

China’s E-House seeks US recognition of Cayman scheme

Struggling Chinese real estate services provider E-House (China) Enterprise is seeking Chapter 15 recognition of its Cayman scheme, which it recently amended to allow it to deal with notes held through sanctioned Russian banks.

04 October 2022

GRR Live returns to New York on 6 October

With a packed schedule covering clashes between national insolvency regimes, important developments across Latin America, sovereign debt restructurings and the meltdown in crypto markets, GRR Live is returning to New York.

22 September 2022

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