Simpson Thacher represented Corp Group Banking S.A. (“Corp Group”) and its affiliated debtors in their chapter 11 cases filed in the United States Bankruptcy Court for the District of Delaware. On June 15, 2022, Corp Group’s plan was confirmed by the Bankruptcy Court after an evidentiary hearing.~~Corp Group is a privately-owned Chilean holding company that owns a large stake in Itaú Corpbanca, one of Chile’s leading banks. Itaú Corpbanca provides a broad range of commercial and retail banking services to its customers, and its subsidiaries provide financial advisory services, mutual fund management, insurance brokerage and securities brokerage services.~~Simpson Thacher advised Corp Group on numerous complex corporate transactions in the course of the case. These transactions included: (i) the sale of Corp Group’s minority stake in Itaú Corpbanca Colombia, a Colombian bank, to Itaú Unibanco in exchange for the satisfaction of over $400 million in secured loans, (ii) the sale of certain subscription rights to purchase shares in Itaú Corpbanca, a Chilean bank partly owned by Corp Group, and (iii) numerous sales of Itaú Corpbanca stock.~~Simpson Thacher also guided Corp Group through lengthy negotiations with its creditors to finally achieve a consensual plan of liquidation. In so doing, Corp Group successfully resolved all its disputes with its creditors and will commence an orderly liquidation on the plan effective date.~~The Simpson Thacher team included David Zylberberg, Jamie Fell, Ashley Gherlone and Zachary Weiner (Restructuring); Bryce Friedman, Karen Porter, Adam Saltzman and Patrick Barry (Litigation); Juan Naveira, Alejandro De Ramon-Laca and Jon Vicuña (Latin America – Corporate); and Jonathan Cantor and Scott Grundei (Tax).