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Mexican hotel operator Grupo Posadas has entered an agreement with creditors to restructure US$393 million worth of notes through a pre-packaged process in the US.
18 August 2021
A Latin American finance group is looking to sell off its Colombian business through Chapter 11 proceedings in Delaware, blaming debt defaults on accounting errors at its Mexican arm.
03 August 2021
Ritch Mueller Heather y Nicolau name partner Thomas Heather in Mexico City, a founding member of the International Insolvency Institute, is joining Creel García-Cuéllar Aiza y Enriquez as of counsel.
13 January 2021
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
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
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
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
International commodity trader ED&F Man has secured unanimous backing for its UK scheme of arrangement during two creditors’ meetings.
02 September 2020
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 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
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