Awards & Rankings
Awards & Rankings
Press Contacts: Erik Cummins, Matt Hyams, Olivia Thomas
03.24.16
The groundbreaking restructuring of one of Brazil’s largest contracting firms—a matter on which Pillsbury advised Deutsche Bank Trust Company—was selected by Latin Lawyer as its 2015 restructuring deal of the year. Winners were announced at a special awards ceremony in São Paulo, Brazil, on March 17, with more than 250 of the leading names in the Latin American legal community present.
A Pillsbury team consisting of partners Peter Baumgaertner and Leo Crowley and associates Paulo Varnieri and Dina Yavich represented Deutsche Bank, on behalf of the bondholders, in connection with the restructuring of more than $1 billion in senior notes issued by OAS Finance Limited and OAS Investments GMBH. OAS is one of the many companies ensnared in the widespread “operation car wash” (lava-jato) corruption investigation and filed for bankruptcy protection in March 2015 to facilitate the restructuring of 8 billion reais in debt.
“This was a complex restructuring in which US dollar-denominated debt played an important role,” noted Crowley.
Baumgaertner, who co-leads the firm’s Latin America practice, added: “It was the kind of multifaceted representation that exemplifies the very best of our firm and demonstrates the full depth and breadth of our practice in Latin America.”
Pillsbury has a strong and wide-ranging Latin America practice built on decades of experience. Members of the practice are fluent in Spanish and Portuguese, have vast experience in the region and maintain valuable relationships with local counsel and government officials. A deep understanding of the legal systems and business customs of Latin American countries enables Pillsbury lawyers to tailor services to the unique requirements of the project or client in question.