Davis Polk partner Tim Graulich was quoted in a Law.com International article highlighting the large volume of restructuring work coming out of Latin America. Tim noted that the U.S. is often the best – and in certain instances, the only – jurisdiction in the region in which to reorganize cross-border corporate groups. He added that Latin American companies face inherent risks that often lead to the need for restructuring expertise because large companies frequently borrow in U.S. dollars but rely on revenue in local currencies, which jeopardizes their ability to pay creditors when those local currencies lose value against the dollar.

“US Law Firms Slammed With Restructuring Work in Latin America,” Law.com International (February 11, 2022) (subscription required)

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