New York, Mexico City, and Amsterdam, 11 February 2020 – Teams from international law firm Hogan Lovells advised on two of LatinFinance's 2019 Deal of the Year award winners for excellence in Latin American and Caribbean capital markets and investment banking. The awards were announced at a celebratory dinner in New York on the evening of 29 January.

For Restructuring of the Year, the firm advised the MexCAT Ad-Hoc Bondholders Group in the restructuring of a US$6 billion bond, one of the largest ever issued in Latin America. The bonds were originally intended to fund construction of a new international airport in Mexico City. Those plans were cancelled following Andres Manuel Lopez Obrador's win in the 2018 Mexican presidential election, resulting in a tense and high-profile restructuring negotiation. 

Our work on this matter has been widely praised by the legal industry, having previously won "Restructuring of the Year" from IFLR and being "Highly Commended" by the Financial Times. The Hogan Lovells team was led by partners Ronald Silverman and Emil Arca (both New York) and Federico De Noriega (Mexico City). 

The firm also advised Brazilian national oil company Petrobras in the Corporate Liability Management of the Year category. We advised the company in two major capital markets transactions last year as Petrobras lowered its gross debt burden to $90 billion, part of an ongoing effort to reduce its debt burden and strengthen its balance sheet. 

The team was led by partners Robert Masman and Anton Louwinger, with support from senior tax advisor Alexander Fortuin and associate Yvette Voermans (all based in our Amsterdam office).