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Beccar Varela

EDIFICIO REPÚBLICA, TUCUMÁN 1, 3RD FLOOR, C1049AAA CIUDAD AUTÓNOMA DE BUENOS AIRES, ARGENTINA
Tel:
Work +54 11 4379 6800
Fax:
Fax +54 11 4379 6860
Web:
www.beccarvarela.com
Buenos Aires, Buenos Aires

Argentina

Banking and finance
Banking and finance - ranked: tier 2

Beccar Varela

Beccar Varela’s banking team finds favour for its ‘quality advice’ and ‘very experienced professionals’ – many of whom bring invaluable in-house experience to their roles, including eminent departmental co-head Roberto Fortunati who was formerly general counsel at Citigroup Argentina. Other senior names in the team include Javier Magnasco, who is ‘very professional and gives clear and concrete answers’, and Pablo Torretta – both co-lead the group alongside Fortunati. In a high-profile piece of banking M&A, Magnasco paired up with Alejandro Poletto to advise Deutsche Bank on the sale of its business in Argentina to Banco Comafi. Among its lender highlights, Torretta advised IFC in a $420m project finance loan to Axion Energy Argentina. Other representative clients include Banco de Galicia y Buenos Aires, Banco Itaú Argentina and Citibank. Roberto Crouzel and Maximiliano D’Auro are also recommended.

Leading lawyers

Roberto Fortunati - Beccar Varela

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Bankruptcy and restructuring
Bankruptcy and restructuring - ranked: tier 3

Beccar Varela

The team at Beccar Varela demonstrates ‘great team work, which ensures that all key lawyers are aware of the issues’. Martín Gastaldi heads a ‘client-oriented’ practice group that also includes senior associate Federico Sosa, who is ‘very committed with a strong ability to handle difficult situations’. Although the department does act for debtors, it is particularly active on creditor-side representations in bankruptcy cases. Recent highlights include advising Banco de Galicia on the AR$31m reorganisation of Magnacom.

Next generation lawyers

Federico Sosa - Beccar Varela

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Beccar Varela

At Beccar Varela, Agustín Waisman heads a comprehensive practice that acts on the full range of competition matters including merger notifications, abuse of dominance cases, price fixing and antidumping. The group also calls on the expertise of an impressive second line of senior associates, namely Camila Corvalán and Mercedes Pando – both of whom have a strong focus on competition issues. In a recent high-profile piece of work, the team represented VISA before the CNDC in an investigation into alleged abuse of dominance. Among other headline merger cases, the team advised SAB Miller on the sale of its local business to Anheuser Busch (as part of a $280bn global transaction), and also acted for Deutsche Bank on the sale of its local business to Banco Comafi.

Leading lawyers

Agustín Waisman - Beccar Varela

Next generation lawyers

Camila Corvalán - Beccar Varela

Mercedes Pando - Beccar Varela

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Beccar Varela

The ‘exceptional’ group at Beccar Varela sets itself apart through its ‘fantastic price-to-quality ratio’ and its ability to ‘partner very well with the client’s internal teams’. Led jointly by Roberto Crouzel, Roberto Fortunati, Horacio Beccar Varela and Ramón Moyano, all of whom have significant finance experience, the group secures a strong flow of corporate finance and banking M&A. However, its broad capability spans a diverse spread of sectors with recent experience in agribusiness, energy, TMT and life sciences matters. Younger partner Alejandro Polettohas a great future’, according to clients who highlight his ‘solid international experience’ and ‘excellent finance and business understanding’. Poletto had a banner year, which included acting alongside the finance department to advise Deutsche Bank on the sale of its business in Argentina to Banco Comafi. He also advised Compañía General de Combustibles on its $10m acquisition (with Tecpetrol) of Total’s shareholdings in Transportadora de Gas del Norte (TGN). María Shakespear continues to strengthen her profile for corporate work and played a key role advising Unilever Argentina on its divestment of La Fármaco and Santamaría y Bellora to comply with antitrust regulations. In another cross-border highlight, Moyano advised Amcor Flexibles on the local aspects of its $435m multi-jurisdictional acquisition of Techpack’s flexible packaging unit Alusa. The team also counts Banco de Galicia y Buenos Aires, Itaú Unibanco and BNP Paribas Cardif as key clients. In 2017, the group welcomed back corporate specialist María Benson as an advisory partner, following a seven-year stint at her own firm.

Leading lawyers

Roberto Crouzel - Beccar Varela

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Dispute resolution
Dispute resolution - ranked: tier 2

Beccar Varela

A ‘solid choice for complex litigationBeccar Varela impresses with its ‘good balance between communication and disposition’, as well as its ‘outstanding understanding of the litigation and arbitration specifics of Argentina’. The firm houses a broad disputes practice, with robust expertise in arbitration, commercial and civil litigation and white-collar crime. Eduardo Güemes heads the department and brings to bear a solid track record in insolvency, credit recovery and debt restructuring matters. The team also draws on the expertise of Emilio Vogelius, who stepped down as group lead in 2016 and is now an advisory partner; insolvency and restructuring head Martín Gastaldi; and ‘excellent communicator’ Gonzalo García Delatour, who is noted for his ‘strong strategic planning’. Among its headline work, the firm is defending several clients (including Banco de Galicia y Buenos Aires, Banco Itaú Argentina, Citibank and GlaxoSmithKline, among others) in collective claims filed by various consumer associations relating to charges linked to operating procedures, including issues such as credit card fees and commissions. The firm is also acting on arbitrations for clients in the life sciences, energy and automotive spheres. Other representative clients include ICBC, Samsung Electronics and Sanofi.

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Insurance
Insurance - ranked: tier 2

Beccar Varela

Beccar Varela’s ‘prompt and responsive’ group handles a comprehensive mix of corporate, contractual, regulatory and litigious matters for clients such as Supervielle Group, Arch Insurance Europe and Bradesco Seguros. Team head Juan Pablo Chevallier-Boutellinspires trust’, according to clients, and is advising Volkswagen Credit Compañía Financiera and Volkswagen Financial Services Holding Argentina on the formation and license of a broker insurance company. He also advised BNP Paribas on its joint venture with Banque PSA Finance to create Peugeot Citroën Argentina Compañía de Seguros. Senior associate Agustín Duarte is also a key member of the team.

Leading lawyers
Next generation lawyers

Agustín Duarte - Beccar Varela

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Intellectual property
Intellectual property - ranked: tier 3

Beccar Varela

A ‘first choice for complex cases’, Beccar Varela provides ‘very high levels of service’. Jointly led by Emilio Beccar Varela, who is highlighted for his ‘higher knowledge and experience in the field’, and the ‘very objective and always availableFlorencia Rosati, the group has strong expertise in trade mark, copyright, patent and industrial designs. Recent highlights include advising Samsung Electronics Argentina on its trade mark opposition action against Claro Argentina concerning the “be smart” slogan. Other recent clients include American Airlines, Colcar Merbus and Sancor Seguros.

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International trade and customs
International trade and customs - ranked: tier 2

Beccar Varela

Beccar Varela’s ‘excellent team’ is comprised of ‘very dedicated professionals’ and represents ‘great value for money’. The ‘responsive and pragmatic’ Augusto Vechio heads an international trade department that also includes recently appointed partner Guido Krolovetzky (‘results-oriented, analytical and technical’), who spearheads the customs side of the practice, and ‘extremely strong’ senior associate Camila Corvalán. Among its recent antidumping investigations, the group represented Aris Industrial in an antidumping investigation concerning imports of wool fabrics from Peru, Brazil and China, and India-headquartered Somany Ceramics in an antidumping investigation relating to porcelain tiles. Other work included advising Brazilian company Duratex in a sunset review relating to imports of sanitary products from Brazil.

Next generation lawyers

Camila Corvalán - Beccar Varela

Guido Krolovetzky - Beccar Varela

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Labour and employment
Labour and employment - ranked: tier 2

Beccar Varela

Beccar Varela commands respect for its ‘great balance between straight communication and its outstanding understanding of the litigation specifics’. In addition to being a ‘top choice for strategic employment litigation’, the team also handles policy issues, strategy development, corporate support matters and collective bargaining negotiations. The ‘very knowledgeable’ Alvaro Galli leads the practice and recently advised Carraro Argentina on a high-profile restructuring involving the dismissal of 130 unionised workers, as well as on its subsequent negotiations with mechanical union, SMATA. Seasoned specialist and advisory partner Gaspar Aguirre is also recommended, along with senior associate María Carolina Muriago.

Leading lawyers

Gaspar Aguirre - Beccar Varela

Next generation lawyers

María Carolina Muriago - Beccar Varela

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Public law
Public law - ranked: tier 2

Beccar Varela

Beccar Varela’s group, led by ‘fantastic partnerOscar Aguilar Valdez, has expertise in all the key areas of public law, including procurement, infrastructure projects, government contracts and administrative and judicial litigation. In a recent highlight case, the team advised Cre-Cer Inspecciones on the design and implementation of a new legal scheme for the granting of government financing to Argentine milk producers. It also advised Potasio Rio Colorado on the renegotiation of a port concession contract. Recently made partner Juan Antonio Stupenengo co-leads the administrative practice. Other representative clients include Thomson Reuters, Compañía General de Combustibles and Puma Energy.

Leading lawyers

Oscar Aguilar Valdez - Beccar Varela

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Real estate
Real estate - ranked: tier 2

Beccar Varela

Beccar Varela houses a broad real estate and hospitality practice under the leadership of transactional real estate expert Pedro Nicholson. Areas of activity include property acquisitions and sales, project development, property finance and investment matters, and it also benefits from the wider firm’s administrative law expertise to advise on provincial and municipal approvals. Ongoing headline work saw the team continue to advise Carrefour on the development of the Al Río Project, and it also acted for Florida-based developer Related Group on the SLS Puerto Madero project, the company’s first investment in Argentina. Cohen, Eren Renewable Energy and The Rohatyn Group are also on the department’s books.

Leading lawyers

Pedro Nicholson - Beccar Varela

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TMT
TMT - ranked: tier 2

Beccar Varela

Beccar Varela’s practice sets itself apart through its ‘sound commercial advice’, ‘strong responsiveness’ and ability to ‘deliver within a tight budget and timeframe’. Among the names to note, Emilio Beccar Varela is ‘always extremely responsive and friendly’, while Florencia Rosati provides ‘tailor-made and timely advice’ – together they co-lead both the TMT and IP practices. The firm routinely advises technology, media and telecoms clients on all their key legal requirements including licensing, transactions, regulatory matters and litigation. On the telecoms side, it provides ongoing advice to British Telecom and Sprint regarding day-to-day matters, including contractual agreements and disputes. Among recent technology-related matters, the team advised Deutsche Bank on the sale of its Argentine operations to Banco Comafi, including all related data protection and privacy issues.

Leading lawyers

Emilio Beccar Varela - Beccar Varela

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Tax
Tax - ranked: tier 4

Beccar Varela

Beccar Varela’s tax practice, led by ‘all-round tax specialist’ Santiago Montezanti, has strong experience in the pharmaceutical, banking and credit card sectors. In a highlight example of its niche strength, the team advised Credit Suisse on the tax aspects of various investment products to be offered to Argentine clients, including securities and structured finance products. The group also has notable expertise in cross-border matters, tax disputes and criminal tax matters. Deutsche Bank, Harmony Group and BTG Pactual are also key clients.

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Argentina: Energy and natural resources

Electricity
Energy and natural resources: electricity - ranked: tier 2

Beccar Varela

Beccar Varela garners strong praise for its ‘immediate response times’, ‘full knowledge of the national electricity environment’ and ‘thorough and precise advice’. The multi-disciplinary practice draws on the firm’s administrative law, project finance, tax, corporate, and labour departments to provide comprehensive coverage of all stages of the electricity life cycle. Junior partner José Carlos Cueva is ‘attentive and dedicated’ and provides ongoing advice to UK-based Hive Energy on the development of solar power plants in Argentina. Corporate finance partner Roberto Fortunati is also regularly involved in energy deals and advised Eren Groupe in tendering for several wind and solar projects as part of the National Government’s bidding process to award power purchase agreements. Key senior associate Marcos Moreno Hueyo has extensive experience and a postgraduate mining qualification from Chile, as well as over a decade practicing in Argentina. Since research concluded, Diego Parravicini has left the firm to move in-house at Pan American Silver.

Next generation lawyers

Diego Parravicini - Beccar Varela

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Mining
Energy and natural resources: mining - ranked: tier 3

Beccar Varela

At Beccar Varela, corporate finance partner Roberto Fortunati has ‘ample mining experience and strong negotiation skills’; he is the primary contact for a mining practice that is ‘well equipped to advise on a wide variety of day-to-day issues, including labour, civil law and tax’. The group also includes senior associate Diego Parravicini, who has ‘good experience in all types of contract negotiations and knows the industry well’. Southern Copper is a key client and the firm advises it on regulatory matters relating to its exploration projects, as well as general corporate and commercial issues. The firm has also recently undertaken work for Esco, Minera Don Nicolás and Saint Gobain Argentina.

Next generation lawyers

Diego Parravicini - Beccar Varela

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Oil and gas
Energy and natural resources: oil and gas - ranked: tier 3

Beccar Varela

Beccar Varela’s oil and gas practice is led by corporate finance partner Roberto Fortunati, who brings to bear a strong record in project finance and development. In a recent example of his work in this area, Fortunati advised American Energy Partners on its initial agreements with YPF for the exploration and development of the Vaca Muerta formation in the Neuquén Basin, worth over $500m over the next three years. He also advised Enap Sipetrol on the bidding process for the construction of oil and gas installations in the South Atlantic Ocean. Junior partner José Carlos Cueva is also recommended and represented Petróleos Sudamericanos on a YPF tender process for certain E&P concessions.

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