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"With more than 60 lawyers and over three decades of local experience, Baker & McKenzie is one of the largest and most distinguished firms in Argentina. Through longstanding rel..." read more
"BTELT is one of the largest law firms in Argentina, established more than 80 years ago. It is a full-practice law firm with strong expertise in corporate and M&A, banking and f..." read more
CC100 Lat Am

Who are the 100 most influential and innovative in-house counsel working in the region? The Legal 500 has interviewed thousands of in-house and private practice lawyers to draw together a list of those corporate counsel who offer an operative model with lessons for fellow in-house professionals.

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Legal market overview

Defying regional economic trends, Argentina continues to isolate itself from its burgeoning regional neighbours. One aspect of this is the series of foreign exchange regulations enacted by the government, which severely restrict the ability to move capital out of the country. Originally brought in to curb the flight of capital in anticipation of a possible currency devaluation, the regulations have disincentivised new entrants to the Argentine market.

However, new regulations aimed at reducing the number of major transactions conducted using cash should help to raise taxes from undeclared transactions (an estimated 40% of the total), that previously went under the radar of the fiscal authorities. The Argentine administration has also compelled importers to match imports with exports of domestic produce in order to redress the balance of trade. All this, among a myriad of other issues, has made Argentina an unpredictable place to invest in spite of a wealth of natural resources and a desperate need for major infrastructure investment.

As always in Argentina, the ability to provide a diverse range of legal services while remaining flexible before the vagaries of economic and political change is what characterises the market’s leading firms. The market appears increasingly polarised between the top full-service firms and the premier smaller and boutique firms; with the mid-market an increasingly difficult ground to occupy due to the currently uneconomic relation between overheads and work flow.

At the top end of the market, local behemoth Marval, O'Farrell & Mairal remains the predominant player, both in the limited transactional work available, and in a range of other sectors. Behind it, the market’s other full-service heavyweights Bruchou, Fernández Madero & Lombardi, Pérez Alati, Grondona, Benites, Arntsen & Martínez De Hoz, Jr and a resurgent Estudio Beccar Varela retain their market position in the adverse economic climate. Numerically slightly smaller, Allende & Brea and M & M Bomchil have also both shown their resilience. Among other noteworthy firms, Mitrani, Caballero, Ojam & Ruiz Moreno, Baker & McKenzie and the recently restrucutured Zang, Bergel & Viñes Abogados, all remain constants in the market.

Notable boutiques include Heredia, Oneto Gaona, Lede Pizzurno & Terrel Abogados (HOLT) and Zaballa – Carchio Abogados in the mining and infrastructure sector; Alliani & Bruzzon, Bazan Cambré & Orts and Martelli Abogados in the oil and gas sector; and Teijeiro & Ballone, Abogados and Bulit Goñi & Tarsitano in tax.

Amid the dearth of transactional activity, and despite the severe financial stress that many firms are enduring, the market remains largely unchanged. Exceptions include Nicholson y Cano Abogados’ absorption of a large part of legacy firm Cárdenas, Di Ció, Romero & Tarsitano, substantially augmenting the firm’s service offering with the addition of six partners; and the closure of former commercial firm Errecondo, Salaverri, Dellatorre, González & Burgio, which split into Errecondo, González & Funes and Salaverri, Dellatorre, Burgio & Wetzler Malbrán.

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  • Austria/Malta: Schoenherr advises Oesterreichische Volksbanken on sale of Volksbank Malta

    Schoenherr, a leading corporate law firm in Central and Eastern Europe, advised Österreichische Volksbanken-AG (OeVAG) on the sale of its fully-owned subsidiary Volksbank Malta Limited to Malta-based Mediterranean Bank plc. On 11 April 2014, OeVAG and Mediterranean Bank signed a Share Purchase Agreement for 100% of the shares in Volksbank Malta. Closing shall take place after the required approvals of the relevant regulatory bodies are received. read more...
  • Austria: Stefan Kuehteubl new head of Employment practice at Schoenherr

    Stefan Kuehteubl will join Schoenherr, a leading corporate law firm in Central and Eastern Europe (CEE), as a partner and the head of the firm's Employment practice as of July 2014. A highly-regarded employment law practitioner, Kuehteubl will be returning to Schoenherr, where he previously worked as a member of its employment team between 1999 and 2004. During the past ten years, he worked in a well-known Vienna-based employment law boutique, in which he was a partner since 2008. read more...
  • Proud to continue charitable donations in 2014

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  • New Swiss Law on Product Safety

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  • Chambers Global has once again recognised Pepeliaev Group's tax practice as the best in Russia

    The Chambers Global 2014 international ratings have hailed Pepeliaev Group's tax practice and the firm's managing partner Sergey Pepeliaev as Russia's best in the area of taxation (band 1 and Star Individuals). Commentators describe Mr Pepeliaev as "the father of Russian taxation." He has an outstanding reputation in tax litigation, for which he is said to be "absolutely brilliant." In addition, Chambers Global  lavishes praise on Rustem Ahmetshin (band 2), one of the firm's senior partners, who has considerable expertise in areas such as VAT and audit advice. Chambers Global sources commend Pepeliaev Group partner Valentina Akimova (band 3) as a "smart tax specialist." She has significant experience in a wide range of tax matters such as VAT, income tax and excise duties. Sources recommend Andrey Nikonov (band 3), another senior partner in the firm, as an authority on VAT, mineral extraction tax and unified social tax.  Chambers Global also rates Mr Nikonov highly for his experience in resolving tax disputes advising on the tax aspects of M&A transactions.
  • DHIR & DHIR ASSOCIATES ADVISES NATIONAL HOUSING BANK ON THE TRANCHE- II OF PUBLIC ISSUE OF TAX FREE

    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the Tranche- II of public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 1,000 Crore.
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    In a recent landmark judgment of the Hon'ble Andhra Pradesh High Court in the matter of Deccan Chronicle Holdings Ltd. (DCHL) & Ors. Vs. Union of India & Ors ., the Hon'ble Court has laid down an important principal of law to the effect that SARFAESI Action can be taken by an assignee/ successor in interest only if the original lender had SARFAESI power.
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    Dhir & Dhir Associates advised National Housing Bank, wholly owned by Reserve Bank of India, on the public issue of tax free bonds in the nature of secured, redeemable, non-convertible debentures with benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, aggregating upto Rs. 2,100 Crore.
  • Angel Buzalov from “Popov & Partners” has participated in “Legal Day 2014”of GBICC

    On 20.03.2014 was carried the first part of the annually organized forum "Legal Day" of German-Bulgarian Industrial Commercial Chamber. Representatives of the leading legal companies in Bulgaria and industry representatives also took part in the event.
  • “Popov & Partners” took part in the consultations organized by the German-Bulgarian Industrial C

    On 24.03.2014 a meeting of the Advisory Board "Law" of the German-Bulgarian Industrial Commercial Chamber (GBICC) was held. The event was attended by representatives of the business as well as lawyers from major law firms in Bulgaria, including the law firm "Popov & Partners."