Thursday, 11 July 2019, MetLife Building, 200 Park Ave, New York, NY 10166, USA

E-mail Tel: +44 20 3780 4137

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.

Ms. Gallup has extensive experience in complex, cross-border debt restructurings in Latin America as well as a variety of corporate finance transactions. She regularly represents underwriters and international issuers in private and public offerings of debt and equity securities. Her areas of concentration include structured debt offerings, Rule 144A/Regulation S high-yield debt and project bond offerings, syndicated loans and other structured products (including securitizations and monetizations). Her focus also includes liability management transactions, corporate reorganizations, secured lending transactions, equity tender offers and general corporate matters, including SEC reporting requirements.

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. Mr. Fitzgerald was one of the first U.S. lawyers to focus on corporate finance work in Latin America and his first-mover advantage has led to his numerous representations of a wide range of international and domestic underwriter and issuer clients in debt and equity financing transactions, merger and acquisition activities and lending transactions. He has been recognized as a Top Innovative Lawyer by the Financial Times, one of The American Lawyer's Dealmakers of the Year and most recently received the annual Outstanding Achievement award by the International Financial Law Review. Mr. Fitzgerald is also recognized as a band one leading lawyer by Chambers USA, Chambers Global, and Chambers Latin America; and is recognized by Legal 500 US as one of the leading lawyers in the U.S. for Global Offerings and other corporate financings. Mr. Fitzgerald is a thought leader on a variety of issues involving international financial markets and has authored numerous articles and presented seminars on related legal and business challenges and opportunities.

Alejandro Sainz

Cervantes Sainz, Mexico City

Alejandro Sainz leads the Insolvency & Restructurings practice group and leads the Mergers & Acquisitions Practice Group of Cervantes Sainz S.C. He represents and provides legal advice to national and multinational clients in a broad range of transactional matters, providing legal advice in the areas of corporate, finance and commercial law, including reorganizations, restructurings and work-outs, bankruptcy and cross-border insolvency procedures (concursos), sale & acquisition of distressed assets and securities, corporate finance, mergers & acquisitions, foreign investment, joint ventures, infrastructure, real estate, and telecommunications transactions. 

Keynote Speaker

Lee Buchheit

Former partner at Cleary Gottlieb Steen & Hamilton, New York

Lee C. Buchheit retired earlier this year after a 43 year legal career. His practice for over four decades focused principally on the representation of sovereign debtors in their external debt management programs. Mr. Buchheit led the legal team that advised the Hellenic Republic in its debt restructuring in 2012 (the largest sovereign debt restructuring ever attempted) and the Republic of Iraq in 2005 - 2008 in its restructuring of $140 billion of Saddam-era indebtedness. He worked on over two dozen sovereign debt restructurings during the course of his career. In May of this year, Mr. Buchheit was appointed as strategic adviser to the Interim Government of Venezuela led by President Juan Guaido.

Speakers

Bernardo de la Garza

Independent Consultant, Mexico City

Everardo Espino

Mijares, Angoitia, Cortés & Fuentes, Mexico City

Fabio Guzmán Saladín

Guzmán Ariza, Santo Domingo

Fulvio Italiani

D'Empaire, Caracas

Jacob Farquharson

Clifford Chance, New York

Jennifer O'Neil

BlackRock, New York

Joel Luís Thomaz Bastos

Thomaz Bastos, Waisberg, Kurzweil, São Paulo

John Singh

PJT Partners, New York

José Antonio Jiménez

Rebaza, Alcázar & De Las Casas, Lima

Jose Gonzales

GCG Advisors, New York

Luis Madrazo Lajous

LML Economists, Mexico City

Marcelo Messer

Rothschild, New York

Marcelo Sampaio Góes Ricupero

Mattos Filho, São Paulo

Michael Cox

Senior Managing Director, Seabury Capital, New York

Pedro Jimenez

Paul Hastings, New York

Pete Speer

Moody's Investors Service, New York

Thomas Heather

Ritch, Mueller, Heather & Nicolau, Mexico City

Timothy Graulich

Davis Polk & Wardwell, New York

Tomás Allende

Beccar Varela, Buenos Aires

Programme

9.30: Welcome coffee and registration

10.00: Chairs’ morning welcome

Joy Gallup, Paul Hastings, New York
Alejandro Sainz Orantes, Cervantes Sainz, Mexico City

10.10: Keynote speech

Lee Buchheit, Former partner at Cleary Gottlieb Steen & Hamilton, New York

10.40: Mexico: More Pemex, more problems

President Andrés Manuel López Obrador has put Pemex front and centre of his energy policy despite it being the most heavily indebted oil company in the world. Local and international investors – already concerned by the government’s willingness to scrap major projects –  are now worried about Pemex being bailed out. With Mexico already suffering lacklustre economic growth, is a credit downgrade immanent and what does this all mean for the restructuring market?

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

Panel:
Bernardo de la Garza, Independent Consultant, Mexico City
Luis Madrazo Lajous, LML Economists, Mexico City
Pete Speer, Moody's Investors Service, New York

11.40: Coffee break

12.00: Litigious vs pre-pack restructurings

Heavily litigated restructuring cases have been on the rise in Brazil and Mexico. This panel will analyse which method gets the best results in which jurisdiction, along with the pros and cons of cross-border restructurings involving Chapter 15 proceedings. Speakers will also investigate what impact recent jurisprudence has had in the insolvency arena and discuss the latest structures for reducing creditor risk.

Moderator:
Alejandro Sainz, Cervantes Sainz, Mexico City

Panel:
Everardo Espino, Mijares, Angoitia, Cortés & Fuentes, Mexico City
Jennifer O'Neil, BlackRock, New York
Marcelo Sampaio Ricupero, Mattos Filho, São Paulo
Pedro Jimenez, Paul Hastings, New York

13.00: Networking lunch

14.15: Corporate investigations and restructuring

Back in 2014, Brazil’s Operation Lava Jato uncovered a huge cash-for-contracts kickback scheme centred on Petrobras. It turned out to be the tip of the iceberg. Brazilian construction companies like Odebrecht have since admitted to graft in 12 Latin American countries, forcing governments across the region to address widespread bribery. This has led major companies to collapse or restructure. What lesson have been learned from these cross-border reorganisations?

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

Panel:
John Singh, PJT Partners, New York
José Antonio Jiménez, Rebaza, Alcázar & De Las Casas, Lima
Marcelo Messer, Rothschild, New York
Tomás Allende, Beccar Varela, Buenos Aires

15.15: Coffee break

15.35: Best practices for Latin America airline restructurings

Airline restructuring cases carry with them a unique set of challenges. In recent years, big cases in countries like Brazil, the Dominican Republic and Uruguay have brought some of these issues to the fore. Panellists will share best practices, industry trends and take questions from the audience on a complex sector that has been become increasingly prone to financial distress.

Moderator:
Jacob Farquharson, Clifford Chance, New York

Panel:
Fabio Guzmán Saladín, Guzmán Ariza, Santo Domingo
Joel Luís Thomaz Bastos, Thomaz Bastos, Waisberg, Kurzweil, São Paulo
Michael Cox, Senior Managing Director, Seabury Capital, New York

16.35: Venezuela divided

The emergence of Juan Guaidó as the leader of a united opposition has brought new hope to those seeking change in Venezuela. Foreign governments have rallied around the new figurehead and the US has ramped up sanctions. Meanwhile, long-running arbitration proceedings face challenges from an alternative government. Is the Maduro administration and state piggy bank PDVSA now close to collapse, or will improving oil prices and powerful allies save it from destruction?

Moderator:
Michael Fitzgerald, Paul Hastings, New York

Panel:
Fulvio Italiani, D'Empaire, Caracas
Jose Gonzales, GCG Advisors, New York

17.35: Chairs’ closing remarks               

Joy Gallup, Paul Hastings, New York
Alejandro Sainz Orantes, Cervantes Sainz, Mexico City

17.45 onwards: All delegates are invited to attend a drinks reception kindly hosted by Paul Hastings

Further information

For further information or sponsorship opportunities, please call +44 203 780 4137 or email llevents@latinlawyer.com

Venue

MetLife Building, 200 Park Ave, New York, NY 10166, USA

Testimonials

  • "The conference covered a broad range of issues in multiple jurisdictions" Kenneth Ferreira, TozziniFreire

  •  "Excellent speakers. High quality discussions" Dan Pombo, J.P. Morgan

Private Practitioner
Type Price Until
Super Early $600  31 May 2019
Early $700 28 Jun 2019
Standard $900 11 Jul 2019

 

In-house/governmental
Type Price
Standard Complimentary