Monday, 5 June 2017, 200 Park Avenue, New York, NY 10166, USA

Overview

Latin America’s restructuring space is changing quickly. The election of President Donald Trump hit the value of the Mexican peso hard. With the prospect of major US corporate tax cuts, border tariffs and NAFTA negotiations all on the cards, largescale restructurings look like a serious eventuality for Latin America's second biggest economy. Elsewhere in the region alternative commodity restructurings rumble on in Brazil, Chile and Peru, while collapsed oil prices remain an existential problem. Still embroiled in deep recession, Brazil is even considering a major review of its existing bankruptcy legislation to combat lengthy delays and aide recovery. Then, there is the also question of why so many multijurisdictional cases are ending without a Chapter 15 filing. All this and more will be discussed at the Latin Lawyer – GRR Live 2nd Annual Restructuring Summit.

E-mail Tel: +44 203 780 4160

Chairs

Joy Gallup

Paul Hastings, New York

Joy Gallup is a partner in the Latin America and Corporate practices of Paul Hastings and is based in the firm's New York office.

Michael Fitzgerald

Paul Hastings, New York

Michael Fitzgerald heads the Latin America practice group at Paul Hastings and is based in the firm’s New York office.

Alfonso Castro

Santamarina y Steta, Mexico City

Keynotes

Diego Gómez Pickering

Consul General of Mexico to New York City, and former Mexico Ambassador to the UK, New York

Speakers

Thomas Benes Felsberg

Felsberg, São Paulo

Gary Bush

Vice President, BNY Mellon, New York

Fernando Del Castillo

Santamarina y Steta, Mexico City

Michel Diban

Morales & Besa, Santiago

Domingos Fernando Refinetti

Stocche Forbes, São Paulo

Benjamin Finestone

Quinn Emanuel Urquhart & Sullivan, New York

Jose Gonzales

Managing Partner, GCG Advisors, New York

Timothy Graulich

Davis Polk & Wardwell, New York

Otávio Guazzelli

Managing Director, Co-Head, Moelis, São Paulo

Thomas Heather

Ritch, Mueller, Heather y Nicolau, Mexico City

José Jiménez

Rebaza, Alcázar & De Las Casas, Lima

Juan José Delgado Alvarez

Interjuris, Caracas

Nick Leone

Partner, Restructuring and Special Situations Group, PJT Partners, New York

Alfonso López Melih

López Melih y Estrada, Mexico City

Isabella de Magalhães Pinto Saval

Vice President, Sumitomo Mitsui Banking, New York

Renato Maggio

Machado Meyer, São Paulo

Alfonso Pérez-Bonany López

Philippi, Prietocarrizosa, Ferrero DU & Uría, Lima

Ignacio Quesada

Managing Director, Alvarez & Marsal, Mexico City

Robert Rauch

Senior Partner, Emerging Markets Distressed Portfolio Manager, Gramercy, Greenwich

Fábio Rosas

Souza, Cescon, Barrieu, & Flesch, São Paulo

Alejandro Sainz

Cervantes Sainz, Mexico City

Marcos Spieler

Managing Director, Rothschild, São Paulo

Juan Valero

Strategy&, PricewaterhouseCoopers, Mexico City

Pedro Velasco

Creel, García-Cuéllar, Aiza y Enriquez, Mexico City

Programme

9.30: Welcome coffee and registration

10.00: Chairs’ morning welcome

Joy Gallup and Michael Fitzgerald, Paul Hastings, New York
Alfonso Castro, Santamarina y Steta, Mexico City

10.10: Keynote speech

Diego Gómez Pickering, Consul General of Mexico to New York City, and former Mexico Ambassador to the UK, New York

10.40: The Trump effect and Mexico

President Donald Trump’s election has hit the value of the Mexican Peso hard. Investors must now contend with the prospect of aggressive US tax cuts, border tariffs and the possible renegotiation of NAFTA. Which sectors will be hit hardest, what can companies do to rebalance their books and what does this all mean for Mexico’s restructuring space?

Moderator:
Fernando Del Castillo, Santamarina y Steta, Mexico City

Panel:
Alfonso López Melih, López Melih y Estrada, Mexico City
Juan Valero, Strategy&, PricewaterhouseCoopers, Mexico City
Pedro Velasco, Creel, García-Cuéllar, Aiza y Enriquez, Mexico City
Robert Rauch, Senior Partner, Emerging Markets Distressed Portfolio Manager, Gramercy, Greenwich

11.40: Coffee break

12.05: Is Chapter 15 still relevant for distressed Latin American companies?

A growing number of multijurisdictional Latin American restructuring cases including dollar-denominated debt reorganisation concluded in the past few years without a Chapter 15 filing. Why is this happening more frequently and what are the pros and cons of filing Chapter 15 proceedings in the US? Is it even a relevant process for heavily indebted Latin American companies?

Moderator:
Thomas Heather, Ritch, Mueller, Heather y Nicolau, Mexico City

Panel:
Alejandro Sainz, Cervantes Sainz, Mexico City
Benjamin FinestoneQuinn Emanuel Urquhart & SullivanNew York
Fábio Rosas, Souza, Cescon, Barrieu & Flesch, São Paulo
Gary Bush, Vice President, BNY Mellon, New York

12.50: Networking lunch

14.15: What would Brazil’s latest proposed bankruptcy law amendments mean for the market?

Brazil is still in recession and judicial restructuring proceedings are at record levels. However, local bankruptcy laws are notoriously complex and credit is tight. What can the Temer administration do to improve the situation and how likely is this to happen?

Moderator:
Timothy Graulich, Davis Polk & Wardwell, New York

Panel:
Domingos Fernando Refinetti, Stocche Forbes, São Paulo
Nick Leone, Partner, Restructuring and Special Situations Group, PJT Partners, New York
Otávio Guazzelli, Managing Director, Co-Head, Moelis, São Paulo
Thomas Benes Felsberg, Felsberg, São Paulo

15.15: Coffee break

15.35: Restructuring alternative commodities: Lessons to be learned?

In Brazil, a glut in worldwide sugar and ethanol production has hit agribusiness. Meanwhile in Chile and Peru, the climatic effects of El Niño have depleted fishing stocks, leaving the industry in dire straits. How are cases like these best tackled and what lessons can be learned from the three countries’ different experiences?

Moderator:
José Jiménez, Rebaza, Alcázar & De Las Casas, Lima

Panel:
Alfonso Pérez-Bonany López, Philippi Prietocarrizosa Ferrero DU & Uría, Lima
Marcos Spieler, Managing Director, Rothschild, São Paulo
Michel Diban, Morales & Besa, Santiago 
Renato Maggio, Machado Meyer, São Paulo

16.35: Petrobras, PDVSA and Pemex: What does the future hold?

Latin America’s biggest oil companies have astronomical debt loads. Can Petrobras, PDVSA and Pemex do enough to stay afloat and what does their relative health mean for upstream providers more generally? Can big investors do anything to protect themselves in the current situation?

Moderator:
Michael Fitzgerald, Paul Hastings, New York

Panel:
Ignacio Quesada, Managing Director, Alvarez & Marsal, Mexico City
Isabella de Magalhães Pinto Saval, Vice President, Sumitomo Mitsui Banking, New York
Jose Gonzales, Managing Partner, GCG Advisors, New York
Juan José Delgado Alvarez, Interjuris, Caracas

17.35: Chairs’ closing remarks               

Joy Gallup and Michael Fitzgerald, Paul Hastings, New York
Alfonso Castro, Santamarina y Steta, Mexico City

17.45 onwards: Delegates are invited to attend a drinks reception kindly hosted by Interjuris

Venue

200 Park Avenue New York, NY 10166, USA

Testimonials

  • “The high level of the speakers and the balance of the topics analyzed, including major legal and financial issues faced by the industry now around Latin America, was extremely interesting and useful, both from an academic and practice perspectives.”

    Curtis, Mallet-Prevost, Colt & Mosle, S.C.

  • “The Latin Lawyer conferences gather the leading lawyers from the region to discuss the most significant current legal topics. A must go event for Latin American practitioners.”

    Fulvio Italiani
    D'Empaire Reyna Abogados

Prices

Private Practitioner
Type Price Until
Super Early $USD 600  21 Apr 2017
Early $USD 700 19 May 2017
Standard $USD 900 5 Jun 2017

 

In-house/governmental
Type Price Until
Super Early $USD 250 5 Jun 2017