Samarco mining in Minas Gerais. Credit: Google US Law Firms Guide Brazilian Miner Samarco to $3B Restructuring Agreement
The negotiations that took place over more than four years involved Cleary Gottlieb, Davis Polk, Sullivan & Cromwell, Norton Rose and more than a dozen Brazilian law firms.
June 14, 2023 at 02:40 PM
3 minute read
Latin America
After years of arduous negotiations, four U.S. law firms and more than a dozen firms in Brazil have clinched a restructuring support agreement between Brazilian mining company Samarco Mineração and creditors holding approximately $3 billion in obligations.
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