Cleary Gottlieb Steen & Hamilton

The market leader in bankruptcy and restructuring in Latin America, Cleary Gottlieb Steen & Hamilton's banking practice pivoted strongly to attend the necessities of clients in the current (post pandemic) economic scenario, taking a lead role in many of the biggest cases in the region. In this regard, it represents a mixture of creditors, investors and debtors, along with governments and government agencies, and frequently advises ad hoc groups of bondholders and a range of debtors in large-scale restructurings. Recent mandates include advising an ad hoc group of holders in connection with Stoneway Capital’s $984m debt restructuring through a Chapter 11 process. More typical banking and finance mandates included representing a CFE-sponsored special purpose trust (for renewable energy investments) on a $00m credit facility; and start-up Nelo Inc (as borrower) regarding a $100m senior secured loan (both in Mexico); and, on the lender side, Credit Suisse on a $180m senior secured guaranteed-term loan facility (and attendant $30m revolving loan facility) for Agro Vision Corp in Peru. Richard Cooper continues to be at the forefront of major Chapter 11 proceedings, debtor-in-possession (DIP) financings and bond restructurings. Sao Paulo partner Francisco Cestero is rated for Brazil restructurings, including representing the ad hoc group of bondholders in connection with Andrade Guttierez Engenharia’s $525m bond restructuring. Adam Brenneman is noted for asset-backed and receivables financings, and restructurings. Counsel Carina Wallance is another key member of the team. Andres de la Cruz and Nicolas Grabar have retired.