Dentons Chile successfully advised the franchisors of PJ Chile SpA, the companies Papa John's International, INC, and PJ Food Service, INC, during the process of reorganization of the franchisee in Chile, achieving an agreement that respects the position of the franchisors and the rights that this implies. The legal assistance was led by partners Carlos Urzúa and Pauline Chiffelle, with the support of Daniel Cristi, senior associate.

After almost five months of uncertainty and intense negotiations, which led to several suspensions of the Creditors' Meetings called to approve it, the reorganization agreement proposed by the debtor company was approved almost unanimously by the creditors of PJ Chile SpA last Friday, May 19.

The agreement involves restructuring credits for about US$ 60 million, mainly from bank creditors and suppliers.

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