In this episode of the ⁠International InsolvencyInstitute⁠’s Global Perspectives podcast, we explore hybrid insolvency procedures and workouts in Latin America to gain practical insights into how these mechanisms are implemented in real-world scenarios. Our distinguished panelists, The Hon. Adolfo Rouillon and Andrés Martinez, offered their expertise on this timely topic.

Our speakers discussed the current use and comparative effectiveness of hybrid restructuring mechanisms across various Latin American jurisdictions, highlighting how corporate structure influences whether businesses pursue these options and the tendency of family-owned smallbusinesses to avoid them. They also shed light on tax implications, potential risks of not utilizing these procedures—such as the conversion of foreign currency claims to domestic currency upon insolvency—and the formalities required to implement these processes across diverse regulatory landscapes. Additionally, the panelists reflected on the World Bank’s role in encouraging the adoption of hybrid mechanisms throughout the region.

The podcast is introduced by NextGen Program Chairperson, ⁠Adam Crane⁠ (Baker & Partners in the CaymanIslands) and moderated by Dr Eugenio Vaccari (Royal Holloway, University of London). The podcast was recorded in October 2024, with information correct at the time of the recording.