Drawing on their deep experience in crisis management, high-stakes cross-border matters and Latin America, Sullivan & Cromwell Co-Chair Robert Giuffra Jr. and Latin America Practice Co-Heads Sergio Galvis and Werner Federico Ahlers served as editors to Latin Lawyer’s Guide to Corporate Crisis Management, Sixth Edition, and authored the introduction.
While abundant opportunities for investors and corporations remain in Latin America, recent years have proven that it is increasingly important for boards and senior executives to have advanced crisis protocols in place in order to respond to and emerge strongly from all potential risk factors.
The Guide, created in collaboration with Latin Lawyer and other global organizations and law firms, presents practical strategies to help business leaders and their advisers best position themselves to withstand an expected crisis.
In addition to the Introduction, S&C lawyers authored two chapters for the Guide.
1. Crisis Management as a Tool for Approaching Shareholder Activism
By Sergio Galvis and Werner Federico Ahlers
- How shareholder activism has become a global, more sophisticated force, with campaigns increasingly targeting companies in Latin America
- Why Latin American boards should treat activism as a form of corporate crisis and apply crisis-management tools
Read the chapter.
2. U.S. Bankruptcy Proceedings for Latin American Corporates
By Andy Dietderich and Jim Bromley
- How Latin American corporates with liquidity or balance sheet distress can use U.S. Chapter 11 and Chapter 15 proceedings as powerful restructuring tools, highlighting the flexibility of Chapter 11 and Chapter 15’s roles in supporting and enforcing non-U.S. restructurings in the United States
- Limits and trade-offs of U.S. proceedings and practical guidance on when companies should choose Chapter 11, Chapter 15 or dual plenary proceedings, or rely solely on local processes
Read the chapter.