First Major Reorganization under the new Insolvency Law (La Araucana C.C.A.F.)

Relevant cases

Insolvency

Successfully represented the bank creditors and bondholders in the first large reorganization process pursuant to the new insolvency law. A unanimous agreement was achieved in the respective hearing, with a value of over USD 600 million, avoiding liquidation against the debtor. This was the first judicial reorganization case of a company with bonds issued in the market, under the new Reorganization and Liquidation of Companies and Private Persons Law.