Corp Group Banking S.A.

  1. June 21, 2022

    Revlon Case Opens, And LATAM Lands Its Ch. 11 Plan

    Cosmetics behemoth Revlon Inc. filed for bankruptcy in the midst of a liquidity crisis, a South American airline brings its Chapter 11 plan in for a landing, and the next phase in Puerto Rico's restructuring nears a creditor vote. This is the week in bankruptcy.

  2. June 15, 2022

    Corp Group Banking Gets Nod On Ch. 11 Plan With Releases

    Corp Group Banking, a bankrupt Chilean holding company, overcame objections from the U.S. bankruptcy watchdog Wednesday to receive a Delaware judge's blessing for its Chapter 11 plan of liquidation along with the third-party releases that drew the opposition to the plan.

  3. May 17, 2022

    The Week In Bankruptcy: Purdue Bonus, PR Pension Appeal

    Two dozen states objected to proposed bonus payments for the CEO of bankrupt drugmaker Purdue Pharma, the First Circuit declined to rehear an appeal over changes made to Puerto Rican teacher pensions as part of the island's restructuring, and Affordable Care Act penalties are taxes in bankruptcy court. This is the week in bankruptcy.

  4. May 12, 2022

    Corp Group Banking Strikes $24M Deal With Affiliates

    A Delaware bankruptcy judge on Thursday set June 15 as the confirmation hearing date for Corp Group Banking's Chapter 11 plan, after the Chilean bank holding company said it had reached a $24.5 million settlement with nonbankrupt affiliates.

  5. October 19, 2021

    Chilean Co. Gets Approval For Ch. 11 Bank Stock Rights Sales

    Corp Group Banking received court approval in Delaware on Tuesday for its plan to sell or transfer subscription rights for new shares in a Chilean bank after coming to an agreement with Deutsche Bank Trust Co. over the disposition of the subscription rights on which it has liens.

  6. October 18, 2021

    Deutsche Bank Objects To Chilean Co.'s Rights Transfer Plan

    Lender Deutsche Bank told a Delaware court Monday that bankrupt Chilean holding company Corp Group Banking SA should not be allowed to transfer subscription rights for new shares in a South American bank to Corp Group creditors because the move could amount to abandonment of assets with negative value.

  7. October 13, 2021

    Chilean Holdco Asks To Sell Bank Share Rights In Ch. 11

    Financial holding companies owned by Chilean billionaire Álvaro Saieh asked a Delaware bankruptcy judge for permission to sell subscription rights for new shares in Itau Corpbanca, saying it doesn't have the cash to exercise those rights itself.