International Financial Law Review (IFLR) honored White & Case three times at its 2019 IFLR Americas Awards on May 16. White & Case was named Law Firm of the Year, Restructuring for outstanding work by its Financial Restructuring and Insolvency (FRI) practice, and two transactions on which White & Case advised were named "Deals of the Year."
The IFLR Americas awards celebrate "the most innovative deals of 2018 and the firms that completed them," according to IFLR. Winners are selected from the results of research by the IFLR editorial staff.
The "Deals of the Year" on which the Firm advised were:
Restructuring of the Year: Oi S.A.
White & Case acted as global counsel for Oi S.A., one of Brazil's largest integrated telecommunications enterprises, in restructuring nearly US$20 billion in debt governed by a variety of Brazilian, US, English and Portuguese laws—the largest bankruptcy ever in Latin America.
Project Finance Deal of the Year: Porto de Sergipe
White & Case represented Goldman Sachs & Co. LLC, Inter-American Investment Corp., International Finance Corp. and Swiss Export Risk Insurance on the structuring of the financing for the design, construction and operation of Centrais Elétricas de Sergipe S.A. (CELSE), the project company’s 1,516 MW thermoelectric power plant and related liquefied natural gas (LNG) receiving and gas transportation infrastructure in Brazil. At approximately BRL 5 billion (US$1.8 billion), it was the largest LNG-to-power financing in Latin America to date.