Latin American airlines file for Chapter 11 in response to Covid-19: forum shopping or sound strategy?

Timothy Graulich

Mr. Graulich is a partner in Davis Polk’s Restructuring Group. He has substantial experience in a broad range of domestic and international restructurings, including the representation of public and private companies, agent banks and lenders, acquirers and hedge funds in connection with pre-packaged and traditional bankruptcies, out-of-court workouts, DIP and exit financings, bankruptcy litigation and Section 363 sales.

Lisa Schweitzer

Lisa M. Schweitzer’s joined the firm in 1996 and became a partner in 2006. Her practice focuses on financial restructuring, bankruptcy, insolvency and commercial litigation.

She has advised clients in some of the most high-profile bankruptcy matters in North America, and her work repeatedly has been recognized by the business and legal press, including The American Lawyer, which previously named her a “Dealmaker of the Year.” Among her many highlights, Lisa is lead U.S. restructuring counsel to Nortel Networks Inc. and affiliates in their U.S. Chapter 11 proceedings. She has extensive experience advising corporate debtors, individual creditors and strategic investors in both U.S. Chapter 11 proceedings and restructurings in other jurisdictions in North America, Europe and Asia. Lisa also has represented several companies seeking to acquire distressed assets in bankruptcy proceedings.

Ricardo Reveco

Partner of Carey and co-head of the firm’s Litigation and Insolvency, Bankruptcy and Restructuring; and Compliance and Anti-Corruption Groups. His practice focuses principally on civil and commercial litigation, arbitration, bankruptcy and insolvency. Also, he advises companies on anti-corruption, ethics and compliance programs, anti-money laundering and counter-terrorist financing, corporate crime risk management and internal investigations.

Otto Lobo

Otto Lobo holds a law degree from the Pontifical Catholic University of Rio de Janeiro (1995) and a Master's degree in Master of Laws in Comparative Law - University of Miami (1999). He is a visiting professor at the Pontifical Catholic University of Rio de Janeiro and a visiting professor at the Getulio Vargas Foundation - RJ. Vice-President of the Permanent Forum on Arbitration Law of the Rio de Janeiro State School of Magistrates - EMERJ. Member of the Arbitration Board of the Brazilian Center for Mediation and Arbitration (CBMA). Member of the Arbitration Chamber of FGV's Mediation and Arbitration Chamber. Titular Member of the Resources Council of the National Financial System - 2015-2018. Director of the Financial Market Commission at CBMA. He was Vice Chair of the Legislative Committee of the International Bar Association's Insolvency Committee. He was a Fiscal Counselor at the Association of Former Law Students of Fundação Getulio Vargas in Rio de Janeiro. Speaker at the Seminar on Preventing and Combating Fraud in Financial Institutions, participating in the debate forum related to the Impact of Fraud on Banks and Recovery of Values, in 2008. Speaker at the Rio de Janeiro State Magistracy School (Emerj). Former member of ICC Fraudnet, London.

Alejandro Sainz

Alejandro Sainz leads the Insolvency & Restructurings practice group and leads the Mergers & Acquisitions Practice Group of Cervantes Sainz S.C. He represents and provides legal advice to national and multinational clients in a broad range of transactional matters, providing legal advice in the areas of corporate, finance and commercial law, including reorganizations, restructurings and work-outs, bankruptcy and cross-border insolvency procedures (concursos), sale & acquisition of distressed assets and securities, corporate finance, mergers & acquisitions, foreign investment, joint ventures, infrastructure, real estate, and telecommunications transactions.