Samarco mining. Credit: Google US Law Firms Clinch $4.8B Debt Restructuring for Brazilian Miner Samarco
The joint venture between Brazil's Vale and BHP has required extensive assistance from Cleary Gottlieb, Davis Polk, Sullivan & Cromwell, Norton Rose and more than a dozen Brazilian law firms in the wake of a devastating tailings dam collapse in 2015.
December 13, 2023 at 01:50 PM
3 minute read
Bankruptcy
Following years of contentious negotiations, four U.S. law firms and more than a dozen firms in Brazil have consummated a consensual, cross-border restructuring of approximately $4.8 billion in debt owed by Brazilian mining company Samarco Mineração.
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