Skip to main content


Firm News

Latin Finance “Restructuring of the Year 2014”

16 March 2015
The Lupatech deal has been awarded the Latin Finance “Restructuring Deal of the Year 2014”. Tauil & Chequer Advogados in association with Mayer Brown LLP had an outstanding role in the deal representing The Bank of New York Mellon (as trustee and agent for the perpetual bond). With a cross-border perpetual bond and much of its debt to a small group of bank creditors, including BNDES, the Brazilian development bank, Lupatech decided to file a recuperação extrajudicial to restructure its bond debt, while restructure its remaining financial debt through an out-of-court workout. Upon court confirmation of the prepackplan in Brazil and of the Chapter 15 proceeding in the US, Lupatech managed to restructure its bond debt. Prepack deals have been used occasionally in other parts of Latin America, but Lupatech is the first large case and the most relevant precedent in Brazil.
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.