Regional news: Mexico

Cleary assists as Mexico’s Pemex refinances debt

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

Pacific Radiance seeks moratoria extensions as scheme meetings loom

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

Mexican hotel operator gets OK for Chapter 11 pre-pack

Less than two months after filing Chapter 11 proceedings in New York, Mexican hotel operator Grupo Posadas has won court approval of its restructuring plan after resolving an objection raised by its surety insurer.

09 December 2021

IWIRC launches 50th network around the world

The International Women’s Insolvency & Restructuring Confederation has launched its 50th network across the globe with the opening of a new chapter in Mexico.

01 December 2021

Alpha Latam Ch11 sale approved

Latin American finance group Alpha Latam Management has secured court approval for a sale of its Colombian assets, three months after accounting errors at its Mexican arm led it to file for Chapter 11 protection.

17 November 2021

Chapter 11: Mexican hotel chain and US telecoms group enter pre-packs

Mexican hotel operator Grupo Posadas and US-based multinational telecoms company GTT Communications have filed separate Chapter 11 pre-packs in New York.

02 November 2021

Cleary Gottlieb and Shearman & Sterling advise on Mexican hotel group’s pre-pack

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

White & Case advising as Latin American lender seeks Chapter 11 asset sales

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

Creel hires Ritch Mueller veteran in Mexico City

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 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

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