April 01, 2025
A New York bankruptcy judge on Tuesday recognized cement supplier InterCement's reorganization efforts in Brazil, overruling an objection from an ad hoc group of New York noteholders that said a subsidiary's restructuring belonged in the Netherlands.
December 04, 2024
Brazilian cement supplier InterCement has filed a petition for judicial reorganization in that country's bankruptcy court after more than a year of restructuring efforts and a July Chapter 15 filing in New York.
November 21, 2024
A New York bankruptcy judge on Thursday said he would accept filings seeking recognition of the Brazilian insolvencies of two of four debtors in the corporate family of concrete supplier InterCement, but wouldn't yet weigh in on the others.
November 12, 2024
Bondholders for bankrupt Brazilian cement supplier InterCement filed a $200 million suit in New York state court, saying Banco Bradesco Bbi SA, a shareholder and bank to the debtors' parent, failed to reveal a sweetheart deal under which it could strong arm the debtor into giving it priority repayment.
July 23, 2024
Leading Brazilian cement and concrete supplier InterCement landed in Brazilian restructuring court and a New York Chapter 15 proceeding after an economic slump in Brazil drove it to sink further into debt, and it has yet to find a way out.
July 22, 2024
The court-appointed watchdog for Miles Guo's bankruptcy has unpaused a civil racketeering conspiracy case against the Chinese billionaire after his criminal RICO case resulted in a conviction, ex-New York City mayor Rudy Giuliani's Chapter 11 case has still yet to be dissolved, and a new bankruptcy judge has ascended to the bench in New York.
July 17, 2024
A New York bankruptcy judge on Wednesday granted Brazilian cement manufacturer InterCement Brasil's request to temporarily stop creditors from taking action against the company over $750 million in notes that have come due.
July 16, 2024
Five White & Case LLP attorneys who have substantial collective experience with Latin American restructurings are representing cement supplier InterCement as it seeks U.S. recognition of its Brazilian insolvency proceedings.