Regional news: Mexico

B Riley opens in Mexico

B Riley Advisory Services, which formally completed a merger with turnaround firm GlassRatner this year, has opened a new office in Mexico in partnership with Brazil’s TCP Partners.

12 November 2020

Condor seeks recognition of German proceedings in US and Mexico

German airline and former Thomas Cook subsidiary Condor is seeking Chapter 15 recognition of its protective shield proceedings in Frankfurt to stop a trio of litigations in the US that it says contravene German law.

05 October 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

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

Clifford Chance, A&O and Akin Gump advising on commodity trader’s UK scheme

An international commodity trader has secured court approval to convene meetings for its creditors to vote on a UK scheme of arrangement, with Clifford Chance, A&O and Akin Gump taking roles.

11 August 2020

Mexican retailer enters bankruptcy in Mexico, after Chapter 11 derailed

Mexican loan to own retailer Grupo Famsa has applied for bankruptcy protection in Mexico along with Chapter 15 recognition, after the loss of its banking licence derailed its Chapter 11 process.

07 August 2020

US court approves Ann Taylor parent’s first-day motions

The parent company of women’s clothes retailer Ann Taylor has secured several first-day orders in its Chapter 11 proceedings in Virginia, with Kirkland & Ellis and Cooley advising.

30 July 2020

Mexican retailer files pre-pack Chapter 11 in New York

Mexican loan to own retailer Grupo Famsa has filed a pre-packaged Chapter 11 plan to restructure a single series of notes that were due in June, after covid-19 prevented it from refinancing them with further borrowing.

02 July 2020

Aeroméxico becomes latest LatAm airline to file Chapter 11 in New York

Mexico’s second-largest airline Aeroméxico has filed Chapter 11 proceedings in New York, following in the steps of Colombian-Panamanian airline Avianca and South America’s largest passenger carrier Latam.

02 July 2020

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