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Cleary Gottlieb represented Chile-based LATAM Airlines Group on its exit from bankruptcy. (Photo: LATAM Airlines)
Richard Cooper, Lisa Schweitzer and Luke Barefoot, Cleary Gottlieb. (Latinvex collage)
Wednesday, November 9, 2022
Legal Briefs

Cleary Gottlieb Advises LATAM Restructuring


LATAM’s Chapter 1 one of the largest bankruptcies filed in recent times.

 

BY LATINVEX STAFF

 

Cleary Gottlieb represented Chile-based LATAM Airlines Group, Latin America’s largest air carrier, and certain of its affiliates in Chile, Brazil, Peru, Colombia, Ecuador, the Cayman Islands, and the United States, in the company’s successful exit November 3 from a first-of-its-kind cross-border debt restructuring before the United States Bankruptcy Court for the Southern District of New York.

LATAM’s Chapter 11 cases represent one of the largest bankruptcies filed in recent times, involving over $16 billion in liabilities and ...

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Keywords: Brazil, Chile, Cleary Gottlieb, Colombia, Ecuador, Finance, LATAM, Peru, Simpson Thacher

 

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