Mrs. Susana Hidvegi

Honoree Image
Superintendence of Companies, Bogota | | CO

<p style="text-align: justify;"><strong>Susana Hidvegi Arango</strong> is a senior advisor at Riveron Consulting, LLC and a partner at HB Legal in Bogotá, Colombia, where she advises on business insolvency, complex litigation and arbitration. Until December 2021, she was the Superintendent of Bankruptcy Proceedings in Colombia (Chief Justice of Bankruptcy of Colombia). Between 2019-21, Mr. Hidvegi Arango represented the Republic of Colombia at the United Nations Commission on International Trade Law (UNCITRAL) Working Group V (Insolvency Law). During her participation, the UNCITRAL Model Law on Enterprise Group Insolvency with Guide to Enactment (2019) and the Legislative Recommendations on Insolvency of Micro and Small Enterprises (2021) were approved. Before taking office as Chief Justice of Bankruptcy of Colombia, Ms. Hidvegi Arango was the head of the Insolvency practice at Brigard Urrutia Abogados in Colombia, worked as international associate at Dechert LLP in New York City, and clerked for the International Court of Arbitration of the International Chamber of Commerce in Paris. She led the reforms to the bankruptcy regime to address the effects of the COVID-19 crisis, and as a result, the Government of Colombia issued Legislative Decrees 560 and 772 in April and June 2020 and the subsequent regulations, which provided for the creation of extra-judicial bankruptcy proceedings, the incorporation of artificial intelligence tools to the administration of bankruptcy cases by the court, and the creation of a simplified insolvency regime for small enterprises. These decrees were made permanent legislation in Law 2437 of 2024. Ms. Hidvegi Arango is a lecturer of bankruptcy law at several universities, including Universidad del Rosario, Universidad Javeriana and Universidad de Los Andes, and she has participated in multiple projects with organizations such as the World Bank and INSOL. She also has participated in numerous national and international conferences as a lecturer and panelist on insolvency, and she has published several papers and articles on bankruptcy law. Ms. Hidvegi Arango is a member of the International Women’s Insolvency &amp; Restructuring Confederation (IWIRC), for which she is co-chair for Latin America; the International Association of Restructuring, Insolvency &amp; Bankruptcy Professionals (INSOL), where she is a member of its Legislative and Regulatory Group, the Technical Research Committee and the Latin America Committee; the International Insolvency Institute (III), where she is a member of the board of the III Committee Model Laws@Work; and Colegio de Abogados Rosaristas, where she is a member of the directive board. She was honored in 2020 as one of ABI’s “40 Under 40,” and she is a member of the <em>Global Restructuring Review</em>’s 2022 “40 under 40” class. Ms. Hidvegi Arango was named Woman of the Year in Restructuring 2022 by IWIRC. Also in 2022, she was selected as part of INSOL’s Future Forty, a celebration of the rising stars of the insolvency industry in recognition of the 40th anniversary of the organization. Ms. Hidvegi Arango is admitted to practice law in Colombia and the State of New York, and she is a Fellow of INSOL. She received her law degree as well as a specialization in finance law from Universidad del Rosario, Bogotá, and she pursued her LL.M. in business and bankruptcy law at the University of California, Los Angeles.</p>

Education

  • Master of Laws, University of California School of Law, LA