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Hogan Lovells US LLP

875 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 918 3000
Fax:
Fax +1 212 918 3100
Email:
Web:
www.hoganlovells.com

Emil Arca

Tel:
Work +1 212 918 3009
Email:
Hogan Lovells US LLP

Work Department

Corporate; Debt Capital Markets; Financial Institutions Group; Finance; Asset Finance; Banking; Infrastructure, Energy, Resources and Projects; Structured Finance; Trade and Export Finance; Africa; Latin America; Middle East

Position

Partner, New York INDUSTRY SECTORS Automotive Energy and Natural Resources Group Financial Institutions Infrastructure Transportation Aviation Road and Rail

Career

Emil Arca is a partner in the New York office of Hogan Lovells. He represents underwriters, placement agents, issuers, investors, lenders, borrowers, insurers, and other parties in a wide variety of types of structured finance, debt capital markets, project bond, banking, and restructuring transactions in the United States and internationally, particularly in emerging markets. These transactions have originated in about 23 countries, have involved financial institutions and companies in diverse industries, and many have been the first of their type involving the particular structure, asset type, or country. In the period since 2001, eight of these transactions have been recognized by financial industry publications with 19 awards, including \"Corporate Finance Deal of the Year\" from Latin Lawyer, \"Financing Innovation of the Year\" and \"Structured Finance Deal of the Year\" (2014) from Latin Finance, recognition in the Financial Times\' 2012 U.S. Innovative Lawyers awards and \"Latin American Deal of the Year\" (2010) from Euromoney. Structured finance transactions he has worked on in emerging markets include transactions backed by (a) revenues from operating assets (airports, drillships, mines, toll roads), (b) future flow cross-border assets (airline ticket receivables, credit card merchant vouchers, diversified payment rights, export receivables, oil royalties, and telephone receivables), and (c) existing financial assets (commercial real estate leases, consumer credit card receivables, construction loans, equipment leases, residential mortgage loans, telephone receivables, and vehicle loans and leases). Debt capital markets transactions in emerging markets he has worked on include investment grade and high yield bonds, perpetual securities, subordinated debt, and commercial paper programs. U.S. securitization transactions he has worked on include transactions backed by auto loans, equipment leases (aircraft, railcars, and small-ticket equipment), franchise loans, healthcare receivables, insurance premium finance loans, mortgage loans (commercial, multi-family, and residential properties), nonperforming assets, royalties, small business loans, and trade receivables. REPRESENTATIVE EXPERIENCE Representation of the underwriters in the establishment of and first (US$2 billion and Reais 2.4 billion) and second (US$1 billion) offerings from the Rio Oil Finance Trust, a master trust holding future oil royalties originally owed to RioprevidĂȘncia, the pension plan of the State of Rio de Janeiro. The first offering was the largest structured bond ever offered by an emerging markets issuer. Representation of a Guatemalan bank in a senior unsecured debt issuance constituting the largest private sector debt issuance originating in Central America as well as a prior subordinated debt issuance constituting tier II capital. Representation of the underwriters in two structured financings by members of the Schahin Group of companies of revenues from drillships chartered to a vendor in the energy industry. Representation of the underwriters in two securitizations of revenues of the Corredor Sur and the Corredor Norte in Panama to enable a governmental entity to reacquire the concession for the toll roads.

Member

The Best Lawyers in America, Securitization and Structured Finance Law (2010-2016) Chambers Global, USA: Banking & Finance, Projects (2013-2015); Latin America-Wide: Banking & Finance (2011-2015), Capital Markets (2014-2015) Euromoney\'s Legal Media Expert Guide, The Best of the Best USA (Structured Finance and Securitisation, 2013-2015) and Banking Finance & Transactional (Structured Finance and Securitisation, 2012-2015) The Legal 500 United States (Capital Markets: Debt Offerings) New York Super Lawyers (Securities & Corporate Finance) (2013-2014) Selected for inclusion in prior editions of Euromoney\'s Legal Media Expert Guide, The World\'s Leading Structured Finance and Securitisation Lawyers, (Structured Finance and Securitisation); Law360, Project Finance Practice Group of the Year; The Legal 500 United States (Finance) and Latin America (Banking and Finance); New York Super Lawyers (Securities and Corporate Finance); and Legal Business Research Ltd.\'s Who\'s Who Legal - The International Who\'s Who of Business Lawyers (Securitisation) and Who\'s Who Legal - The International Who\'s Who of Banking Lawyers.

Education

J.D., University of Michigan Law School, 1985 B.A., University of Michigan, 1982

Leisure

Spoken at or moderated programs sponsored by: lawyers organizations (the American Bar Association Section on International Law, the Federalist Society for Law & Public Policy Studies, the International Bar Association, the New York State Bar Association International Law Section); trade associations (the American Securitization Forum, the Asociación Bancaria Salvadoreño, the Brazilian-American Chamber of Commerce, the Federación Latinamericano de Bancos, the Instituto Mexicano de Ejecutivos de Finanzas, the Michigan Mortgage Bankers Association); professional services firms (Duff & Phelps Credit Rating Co., National Information and Credit Evaluation (Korea), PricewaterhouseCoopers); educational institutions, student groups and governmental organizations (the Columbia Latin American Business Law Association, Louisiana State University Law Center, New York University\'s Federal Taxation Institute, the United States Agency for International Development); and professional publications and conference organizations (Euromoney Seminars, Global Business Research, Information Management Network, International Financial Law Review, the Institute for International Research, LatAm Financial, Latin Finance, Opal Financial, the Strategic Research Institute).


Latin America: International firms

Capital markets

Within: Capital markets

Hogan Lovells US LLP has successfully targeted the growth in derivatives and structured finance transactions coming out of Latin America. Clients include Banco do Brasil, Petróleos de Venezuela, Bradesco BBI, Plural Brazil and Banorte. The firm has advised the Republic of Ecuador on its capital markets offerings for many years and in 2018 advised on its $3bn notes offering. The team also advised Banco do Brasil on its $750m senior unsecured notes offering under its EMTN programme, and BB Securities and BNP Paribas Securities on the structuring and issuance of the $600m Rule 144A/Reg S notes issued by the Rio Oil Finance Trust, secured by present and future oil revenues and related rights connected to the transaction sponsor, the pension fund of the State of Rio de Janeiro. Emil Arca is head of international debt capital markets for the Americas and is widely recognised for his experience in diversified payment rights securitisation programmes and the wider structured finance sphere. Evan Koster is another experienced figure in derivatives and other complex financial products; he has advised on a series of sovereign issuances and energy-sector transactions. Sao Paulo partner Isabel Costa Carvalho is helping the firm to achieve market share in Brazil's burgeoning capital markets segment. New York-based Oscar Stephens left for Greenberg Traurig, LLP in August 2019.

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