Latin Lawyer: The Guide to Corporate Crisis Management, Third Edition

March 2, 2021

Latin America attracts corporations and financial institutions for its business opportunities, yet its shifting political landscapes and other factors, including the continuing effects of the COVID-19 pandemic, may present operational risks.

To help leaders plan for and manage a range of complex and multifaceted crisis situations, for the third year, Sullivan & Cromwell has collaborated with Latin Lawyer and other global organizations and law firms to produce The Guide to Corporate Crisis Management, Third Edition. The Guide gathers the perspectives of 54 lawyers and other crisis management professionals and presents practical strategies for business leaders.

Drawing on their industry-leading expertise in crisis management and Latin America, S&C partners Sergio J. Galvis, Robert J. Giuffra Jr. and Werner Federico Ahlers served as editors to the Guide and authored an introduction on how to manage crises effectively. In addition, S&C lawyers authored two chapters:

1. Crisis Management as a Tool for Approaching Shareholder Activism, by Werner Ahlers and Sergio Galvis 
  • How companies and their directors in Latin America can draw on crisis management techniques and strategies from the United States to prepare for activist campaigns
  • Why boards of directors of Latin American companies should reevaluate traditional shareholder relations models and responses, including recognizing that activists are increasingly pursuing ESG initiatives

2. United States Bankruptcy Proceedings for Latin American Corporates, by Andy Dietderich, Jim Bromley and Fabio Weinberg 
  • Why business professionals and non-U.S. practitioners dealing with potential insolvencies of Latin American companies should consider whether U.S. law can provide them with useful reorganization tools
  • How Chapter 11 proceedings or Chapter 15 proceedings under the U.S. Bankruptcy Code can support a home country reorganization

S&C in Latin America
For more than a century—dating back to the creation of the Panama Canal—S&C has played an integral role in Latin America’s economic and legal history. Today, S&C is known for:
  • Being the leading international law firm in M&A deals in Latin America, advising on the highest volume by dollar value in 2019 and throughout 2020, according to Bloomberg and Refinitiv
  • Advising the Interim Government and the National Assembly of the Bolivarian Republic of Venezuela in connection with the future restructuring of Venezuela’s external debt and the debt of certain of its state-owned instrumentalities
  • Guiding clients through crises and navigating companies and boards through the developments of corporate governance and shareholder activism
  • Advising on close to 55% of the Latin American market’s sovereign offerings in the last five years, according to Refinitiv
  • Representing more sponsors and borrowers on project financings in Latin America than any other firm over the last 25 years, according to Dealogic

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