Camilo Valenzuela, senior associate in the Litigation and Insolvency area of Lloreda, Camacho & Co. (Colombia); Rodrigo Tellechea, partner of Souto Correa Advogados (Brazil); José Massas, partner of Basham, Ringe and Correa Abogados (Mexico); and Anthony Lizárraga, partner in the Insolvency Law area of Estudio Muñiz (Peru), explain the challenges and opportunities of insolvency law in Latin America.