South America

Results for South America

Brazil Corporate Bankruptcy Filings Double This Year, Experian Says

Businesses' requests for bankruptcy protection in Brazil doubled in the first four months of 2016 as the harshest recession in decades and borrowing costs at nine-year highs crimped the ability of factories and retailers to stay afloat, the local un ...

Daily Headline - global.abi.org - 05/04/2016 - 20:51 - 0 comments

Corporate Brazil Faces Cash Risks Through 2017

More Brazilian companies will face increasing liquidity risk through next year as rising borrowing costs and the harshest recession in decades hamper their ability to service debt, Moody's Investors Service said on Monday, Reuters reported. A Moody& ...

Daily Headline - global.abi.org - 05/02/2016 - 21:04 - 0 comments

Argentina Could Issue $30 Billion Debt This Year

April 19, averaged 7.2 per cent. Meanwhile, government debt is 44 per cent of GDP, of which 17 per cent ...

Daily Headline - global.abi.org - 05/01/2016 - 21:02 - 0 comments

Macri Enlists Business As Austerity Bites

After summoning 100 representatives of Argentina’s business elite to the presidential residence this week, Mauricio Macri praised the few that had recently announced investments. The rest, he implied, were not doing their bit for the country, the Finan ...

Daily Headline - global.abi.org - 04/24/2016 - 17:21 - 0 comments

Brazil's OAS Creditors To Take Over Invepar Stake

Brazilian construction company Grupo OAS said its creditors would take over its 24.5 percent stake in infrastructure company Invepar as part of a restructuring plan, Reuters reported. OAS's shares of Invepar will be transferred to SPE Credores by th ...

Daily Headline - global.abi.org - 04/21/2016 - 21:58 - 0 comments

Rig Leaser Sete Brasil To File For Bankruptcy Protection

Brazil's rig leaser Sete Brasil Participações SA has decided to file for bankruptcy protection, the company said on Wednesday, Reuters reported. According to a source with direct knowledge of the matter, state-controlled pension fund Petros reversed ...

Daily Headline - global.abi.org - 04/20/2016 - 22:01 - 0 comments

Rio Warns of Fiscal Collapse as Brazil States Seek Debt Relief

Rio de Janeiro said it’s running out of money to pay for basic services months before the Olympic Games while other Brazilian states warned of similar financial crises if the federal government doesn’t provide debt relief, Bloomberg News reported. Six st ...

Daily Headline - global.abi.org - 04/19/2016 - 21:28 - 0 comments

Insolvency & Restructuring News No. 1

A ´new´ consolidated and integrated Argentine Civil and Commercial Code has been enacted on October 7, 2014 and came into effect on August 1, 2015 (the “New CCC”), which replaced both the Civil Code (originally enacted on September 29, 1869) (the “Civil Code”) and the Commercial Code (originally enacted on ...

Resource Article - twallace@abiwor... - 04/19/2016 - 13:47 - 0 comments - 0 attachments

Argentina Returns To International Bond Market

Argentina returned to the international bond markets for the first time in 15 years on Monday as it winds down a long-running battle with investors following its 2001 default, the Irish Times reported. Argentina announced a $10 billion-$15 billion bo ...

Daily Headline - global.abi.org - 04/18/2016 - 20:51 - 0 comments

Brazilians Hope an End to Political Crisis Will Improve Battered Economy

A political crisis and a two-year corruption scandal have brought Latin America’s largest economy to its knees. Now the country is looking to the lower house to end the political stalemate. There legislators prepare to vote on Sunday whether to move ahea ...

Daily Headline - global.abi.org - 04/14/2016 - 21:57 - 0 comments

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