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A Mexican judge has permitted an appeal against lender Crédito Real’s domestic liquidation, as it prepares to fight an involuntary Chapter 11 filing in Delaware a month from now.
19 August 2022
Shadow bank Crédito Real has won a New York court’s approval to transfer its involuntary Chapter 11 case to Delaware, where it sought recognition of its Mexican liquidation last month.
02 August 2022
Shadow bank Crédito Real is seeking Chapter 15 recognition of its recently-ordered Mexican liquidation in Delaware to protect its US assets, as it looks to dismiss an involuntary Chapter 11 proceeding launched by creditors in New York last month.
15 July 2022
Mexico's troubled payroll lender Crédito Real says it will oppose an involuntary Chapter 11 petition filed against it in New York this week, which it labelled a ploy by “certain alleged minority creditors” to gain leverage in restructuring negotiations.
24 June 2022
A drilling rig owner based in Madeira has won interim Chapter 11 relief in Texas after claiming it has likely over US$1 billion in secured debt and an uncertain path to realising value from its sole asset.
22 June 2022
A struggling Mexican shadow bank that planned to enter Chapter 11 has dismissed DLA Piper and FTI Consulting as its restructuring advisers, as it continues to negotiate with creditors following a default on US$171 million of unsecured Swiss bonds in February.
13 June 2022
Mexican flag carrier airline Aeroméxico has successfully emerged from its Chapter 11 restructuring, almost two years after it first entered the process.
22 March 2022
Mexico’s second-largest airline has secured approval of its restructuring plan after reaching last-minute agreements with objecting creditors, paving the way for Apollo Global Management to become its largest shareholder.
31 January 2022
Mexico’s state-owned oil group Pemex and the country’s Ministry of Finance have relied on Cleary Gottlieb Steen & Hamilton for a refinancing that will reduce the company’s debt by US$3.2 billion.
11 January 2022
Offshore oil services company Pacific Radiance has asked a Singaporean court to extend its moratoria, two months after it reached a conditional deal to sell its entire fleet to an affiliate of Mexican vessel owner ENAV Offshore.
23 December 2021
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