Miami attorneys were part of a Hogan Lovells team advising on one of the first tests of “collective action clauses” in capital markets transactions, helping Ecuador restructure $17.4 billion in debt as the longtime client struggles with low oil prices on top of the crippling COVID-19 pandemic.

The law firm pulled together a legal team from across practice areas, including capital markets and government relations, from various offices to push the transaction across the finish line.