27 May

Deal of the Year Winner: Banking & Finance

Heka Law Firm was part of the 2021 «Deal of the Year» Awarded by Latin Lawyer to «LATAM Airlines’ US$2.45 billion debtor-in-possession loan»

When the covid-19 pandemic grounded the global travel industry, the subsequent financial strain caused Latin American aviation companies to drop off the radar one by one. Regional aviation group LATAM Airlines obtained a US$2.45 billion DIP financing from a group of international shareholders, creditors and lenders several months after the airline filed for Chapter 11 bankruptcy proceedings in New York in May 2020. This lifeline wins the banking & finance category of our Deal of the Year Awards.

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