Cleary Gottlieb To Rep Mexico's GEO in $1.5B Restructuring

Law360, New York (March 21, 2014, 4:39 PM EDT) -- Cleary Gottlieb Steen & Hamilton LLP will represent Mexican housing developer Corporacion GEO SAB de CV in its $1.5 billion insolvency, the first of its kind under the country's recently revised bankruptcy laws, the firm announced.

GEO announced its filing Thursday, saying it had reached a preliminary deal with the holders of more than half its debt to implement a sweeping restructuring plan that will help it resolve more than $1.5 billion in financial liabilities. The company had been negotiating with a group including six major...
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