Regional news: Mexico

Judge Carey to mediate in TV Azteca forum dispute

Former Delaware bankruptcy judge Kevin Carey has been appointed to act as mediator in a forum dispute between Mexican broadcaster TV Azteca and a group of its international creditors that are trying to place it into a Chapter 11 process.

07 September 2023

Atento enters RSA with advice from Sidley, Loyens & Loeff, Houlihan and FTI

Lawyers from Sidley Austin and Loyens & Loeff, and financial advisers from Houlihan Lokey and FTI Consulting, have helped a business process outsourcing firm with a focus on Latin America enter a bridge financing deal that will help it raise US$30 million in new money, while it contemplates a restructuring through a Part 26A plan in the UK.

04 July 2023

Baker McKenzie poaches LatAm team from Paul Hastings

Baker McKenzie has nabbed a trio of partners and an of counsel with restructuring experience from Paul Hastings, strengthening its Latin American offering.

20 June 2023

“What a long, strange trip it’s been”: Crédito Real strikes creditor deal

After sparring for months in a saga that has seen rival Chapter 11 and 15 proceedings filed in New York and Delaware, troubled Mexican shadow bank Crédito Real has reached a global restructuring agreement with an ad hoc group of unsecured creditors.

22 May 2023

III-UNCITRAL, New York: “seeking perfection is a fantasy”

On the fifth anniversary of the UNCITRAL Model Law on Recognition and Enforcement of Insolvency-Related Judgments, lawyers, judges and academics from around the world discussed gaps that can be plugged by the new law and whether the UK will ever override the “questionable and outdated” Gibbs rule.

26 April 2023

David’s Bridal files bankruptcy in US and UK, seeks recognition in Canada

Partners from Moorfields Advisory have been appointed as joint administrators of the UK arm of America’s largest bridal retailer, David’s Bridal, which has itself filed Chapter 11 proceedings in New Jersey and secured authority to seek recognition in Canada.

18 April 2023

Cleary hires long-time Akin Gump partner in New York

David Botter has joined Cleary Gottlieb as a partner in New York after over two decades with Akin Gump, where he advised noteholder groups in the cross-border restructurings of Aeroméxico and Nordic Aviation Capital.

10 April 2023

Mexico: Interim Injunctions in Bankruptcy Proceedings

Featured in Americas Restructuring Review 2023

09 December 2022

Mexico: The Pandemic Aftermath

Featured in Americas Restructuring Review 2023

09 December 2022

Crédito Real’s Mexican liquidation to be appealed

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

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