Mexicana files for Chapter 15 relief in New York

On August 2, 2010, Maru E. Johansen, in her capacity as the foreign representative (the “Foreign Representative”)1 in respect of Mexican insolvency proceedings regarding Compania Mexicana de Aviacion, S.A. de C.V. (“Mexicana”), filed a petition for recognition in the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”), commencing a case under Chapter 15 of the United States Bankruptcy Code.2 Mexicana and its affiliates operate Mexicana Airlines, Mexico’s largest airline.

Filed under:
Mexico, USA, New York, Insolvency & Restructuring, Litigation, White & Case, Debtor, Foreclosure, Concession (contract), Debt restructuring, US House of Representatives, Title 11 of the US Code, United States bankruptcy court
Authors:
Thomas E Lauria , Abraham Zylberberg , Evan C. Hollander , Richard Graham , James Cairns , Roberto J. Kampfner
Location:
Mexico, USA
Firm:
White & Case
Avoiding make-whole premiums and calculating cram down interest rates: what lenders and borrowers need to know about the appellate ruling in Momentive

The senior secured note holders recently lost their appeal of the bankruptcy court's decision confirming Momentive's chapter 11 plan.1

Filed under:
USA, Insolvency & Restructuring, Litigation, Arnold & Porter
Authors:
Evan C. Hollander , David S. Berg , Charles A. Malloy , Rosa J. Evergreen , David J. Valeck , Kevin J. Lavin
Location:
USA
Firm:
Arnold & Porter