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The IBA’s response to the situation in Ukraine
30 Oct - 4 Nov 2022
Room 209, Level 2
Thursday 3 November (1430 - 1545)
Insolvency Section
(Lead)
Latin American Regional Forum
In the last years, we have seen several Latin American companies filing for Chapter 11 in United States instead of filing for reorganization in their own countries and then seeking protection in the US under Chapter 15. This panel will address the reasons for such trends, focusing on the advantages and disadvantages of each of such strategies (Chapter 11 vs. Chapter 15), as well as on cultural matters. We shall also explore the different nature of the Latam multinationals’ equity composition, normally with a strong controlling shareholder, vis-à-vis the traditional US debtor and how the absolute priority rule may (or may not) influence the decision on where to file.
Tomás Araya | Bomchil, Buenos Aires, Argentina; Senior Vice Chair of Conferences, Insolvency Section |
Fernando Martinot | Estudio Martinot, Lima, Peru; Membership Officer - South America, Insolvency Section |
Guilherme Fontes Bechara | Demarest Advogados, São Paulo, Brazil |
Susana Hidvegi-Arango | Former Superintendent of Bankruptcy Proceedings, Bogota, Colombia |
Ricardo Reveco | Carey y Cia, Santiago, Chile; Industry Officer - Finance and Insurance, Insolvency Section |
Lisa Schweitzer | Cleary Gottlieb Steen & Hamilton LLP, New York, New York, USA |