Firm Profile > Bruchou, Fernández Madero & Lombardi > Buenos Aires, Argentina
Bruchou, Fernández Madero & Lombardi Offices
ING. ENRIQUE BUTTY 275, FLOOR 12
C1001 AFA BUENOS AIRES
Bruchou, Fernández Madero & Lombardi > The Legal 500 Rankings
Banking and finance Tier 1
For many, Bruchou, Fernández Madero & Lombardi houses the ‘stand-out banking practice in Argentina’, with its ‘great tradition in the area’, ‘peerless bench strength’ and ‘international-standard lawyers’ all finding favour with clients. The group, which acts for a broad base of banks, multilateral organisations, private equity funds and corporate borrowers, excels across the full gamut of finance matters, with deep expertise in syndicated loans, debt capital markets, structured finance and project finance. Among the names to note, department head Hugo Bruzone is widely lauded as ‘the go-to banking specialist in Argentina’. Bruzone teamed up with ‘very impressive’ up-and-coming partner José María Bazán to advise the joint bookrunners (Citigroup Global Markets, Deutsche Bank Securities and HSBC Securities USA) on the Republic of Argentina’s $9bn bond offering. In another example of its status as ‘the best capital markets firm in the country’, Alejandro Perelsztein acted for the initial purchasers and the local placement agents on the Province of Buenos Aires’ $1.5bn bond issuance. On the acquisition finance front, Matías López Figueroa (‘a very talented younger partner’) acted for the joint lead arrangers and bookrunners on a secured financing to YPF Energía Eléctrica. In a significant project financing, Analía Battaglia advised the lenders on a $108m loan to Petroquímica Comodoro Rivadavia to fund the Bicentenario wind farm in Santa Cruz. The group also includes high-profile firm founder Enrique Bruchou, managing partner Carlos Lombardi and ‘very knowledgeable’ associate Andrés Chester.
Bankruptcy and restructuring Tier 1
‘A one-stop shop for corporate restructuring’, Bruchou, Fernández Madero & Lombardi leverages its leading finance practice, and close lender relationships, to remain a popular choice for creditors. In a recent example, litigator Martín Beretervide — highlighted as an ‘expert in corporate restructuring law’ — advised Inter-American Development Bank (IDB) on the restructuring of renewable energy group Industrias Metalúrgicas Pescarmona. The firm also secures a steady stream of headline debtor-side mandates, such as advising railway operator Grupo ALL Argentina on the restructuring of its business in the country, following the government’s termination of its railways freight concession agreement — group head Carlos Rotman acted alongside Beretervide and the corporate department to lead that work.
Corporate and M&A Tier 1
‘Top-tier practice’ Bruchou, Fernández Madero & Lombardi is a ‘market leader in M&A transactions’. The firm, which counts major domestic and multinational corporations among its key clients, has a broad sector focus, which spans energy, commodities, retail and TMT. However, it is best known for its strength in transactions that combine both corporate and finance expertise. In a recent example, the ‘knowledgeable’ Estanislao Olmos acted alongside the banking and finance practice to advise Cargill on its $79.5m acquisition of a majority stake in Glucovil Argentina - the deal also involved a $12m loan. On the oil and gas front, transactional energy specialist Javier Rodríguez Galli teamed up with Exequiel Buenaventura and the banking group to assist Vista Oil & Gas with its $800m acquisition of an oil operating platform controlled by Pampa Energía and Pluspetrol. Mariano Luchetti, who leads the department, also has an impressive track record in energy and natural resources deals; he acted for Scatec Solar and Equinor on their acquisition of the Guañizuil II-A solar project from Martifer Renewables. The group further benefits from the senior experience of firm founder Enrique Bruchou and M&A and corporate governance specialist Pablo Falabella. Among its impressive band of associates, rising star Pilar Marcó is highlighted as ‘great to work with’.
Bruchou, Fernández Madero & Lombardi’s ‘excellent’ international trade and customs practice impresses with its ‘very solid and proactive lawyers’ and its ‘great experience and track record in the area’. The group has depth across the full range of trade matters, with customs law — including import and export issues and customs infringement proceedings — standing out as a particular sweet spot. It also routinely advises on unfair trade practices, free trade agreements, foreign exchange regulations and compliance matters. In a recent example of its strength on the customs side, the firm advised Nabors International Argentina on efforts to extend the temporary import regime governing several of its drilling rigs and related equipment. On the contentious side, it successfully represented Halliburton Argentina in several customs infringement cases. The team also provides day-to-day customs and foreign trade advice to companies such as Expro Argentina, Terminales Río de la Plata and Dow subsidiary PBBPolisur. Eduardo Mallea, who brings to bear broad expertise in customs law, antidumping investigations and foreign exchange regulations, co-leads the department alongside María Laura Bacigalupo. The group also includes talented senior associate Andrea Carolina Callegari.
Tax Tier 1
The ‘all-star tax team’ at Bruchou, Fernández Madero & Lombardi continues to impress with its ‘deep and broad experience’ and ‘excellent senior partners’. The firm prides itself on the comprehensive coverage of its impressively wide-ranging practice, which spans corporate tax, domestic and international tax planning, and tax litigation — including criminal matters. Lawyers are noted for ‘understanding the business consequences of their advice’, with department head Matías Olivero Vila particularly highlighted for his ‘strategic mind’; he paired up with tax and customs specialist Liban Kusa (‘great knowledge of the tax environment’) to represent HSBC Bank in a high-profile case relating to alleged tax evasion. The same team is also advising the Association of Argentine Banks (ABA) on its Supreme Court challenge to the constitutionality of a turnover tax withholding regime created by the Province of Córdoba. In another contentious highlight, the group acted for American Express Argentina on a complex claim, which includes a challenge to the constitutionality of the tax rate applicable by the Tax Authority as regards recovery actions. On the transactional side, Ezequiel Lipovetzky and recently made-up partner Daniela Rey are advising CNH Industrial on corporate tax matters related to the merger of several Argentine companies into its subsidiary, Iveco Argentina. In addition, the firm provides ongoing tax counselling advice to Cargill, Despegar and Prosegur. The group also benefits from a talented second line of senior associates, which includes Nicolas Nogueira Castellini and Maximiliano Yudica Bartels. Senior counsel Jorge Damarco recently retired, while newly promoted partner Javier Malamud moved to Cerolini & Ferrari Abogados to establish its new tax practice.
Dispute resolution Tier 2
According to clients, Bruchou, Fernández Madero & Lombardi is distinguished through its ‘vast expertise and knowledge’, ‘effective and hands-on advice’ and ‘great industry connections’. The experienced practice covers the full waterfront of contentious matters, with strong skill sets in commercial litigation, judicial bankruptcies and domestic and international arbitration — it is particularly well versed in energy litigation. High-profile figure Carlos Rotman is a former judge who is widely lauded for his ‘unique experience and legal understanding’; he co-leads the department alongside ‘strategic and responsive litigator’ Martín Beretervide. Among the group’s recent highlights on the energy front, it represented Pan American Energy in ICC arbitration proceedings against Transportadora de Gas del Sur. Outside of the energy space, it continues to act for Papel del Tucumán in ICC arbitration proceedings against the Republic of Argentina. Other representative clients include Cervecería y Maltería Quilmes, Crown Point Energy and Danone Argentina. In 2019, former group co-head Leandro Caputo left to establish Leandro Caputo Abogados, while promising younger lawyer José María López Posse left for an in-house position at Odebrecht.
Electricity Tier 2
‘Highly responsive and client-oriented’, Bruchou, Fernández Madero & Lombardi is valued for ‘understanding the client’s urgency in important matters’. The firm had a strong year on the power side, which saw it handle a mix of project tenders, project development, asset acquisitions and regulatory matters. Among its highlights, practice co-head Ignacio Minorini Lima paired up with corporate partner Exequiel Buenaventura (‘deep knowledge of the electricity sector’) to assist Envision Energy with several issues, including bidding rounds and general corporate matters. Mariano Luchetti, who co-leads the group, is also recommended. AES Energy, Equinor and Invenergy are also on the department’s books.
Mining Tier 2
Bruchou, Fernández Madero & Lombardi continues to strengthen its profile for mining work and the increasingly impressive practice recently added Mineros and Metalla Royalty & Streaming to its client portfolio. Among its longstanding retainers, the group advises mining giants Barrick Gold Corporation, First Quantum Minerals and Yamana Gold (through its Argentine subsidiaries) on day-to-day matters. Among its transactional highlights, the group assisted Mineros with its $60m acquisition of the Gualcamayo mine from Yamana Gold — together, department co-heads Sergio Arbeleche and Sebastián Vedoya led that work.
Oil and gas Tier 2
Among Bruchou, Fernández Madero & Lombardi’s key attributes, clients highlight its ‘excellent attention to detail’, ‘personalised and committed service’ and ‘strong expertise in all segments of the energy business’. Group head Javier Rodríguez Galli, held up by many as a ‘leading oil and gas expert’, spearheads an increasingly high-profile team that is the first port of call for a burgeoning number of major multinational clients. Rodríguez Galli recently paired up with the M&A group to advise Vista Oil & Gas on the $400m acquisition of Argentine assets from Pampa Energía, including a controlling stake in Petrolera Entre Lomas. In another upstream highlight, he continues to advise Petronas E&P Argentina on the development, with YPF, of La Amarga Chica field. The group also benefits from a talented second line of associates, with María Agostina Milani singled out for her ‘strong knowledge, which provides comfort from both a legal and commercial standpoint’.
Public law Tier 2
Bruchou, Fernández Madero & Lombardi’s ‘solid and proactive’ group impresses with its partners’ ‘very business-oriented approach’. The practice handles a broad range of public law-related issues, with notable activity in compliance, public procurement, administrative law litigation and anti-corruption matters. Following the departure of former team head Ignacio Sanz, who has struck out on his own, the ‘very effective and knowledgeable’ Ignacio Minorini Lima now leads the department; he was recently part of the cross-practice team which advised IDB on its involvement with the Highways and Safe Roads PPP Programme. The group, which also counts Bunge Argentina, Banco Macro and Envision as key clients, includes respected senior counsel Carlos de Kemmeter.
Competition and antitrust Tier 3
Bruchou, Fernández Madero & Lombardi is best known for its robust merger review practice but it also has experience in investigations and compliance matters. In 2018, the firm hired new group head Gabriel Lozano, following the departure of Aixa Sureda to Mitrani Caballero & Ruiz Moreno Abogados. Lozano, who is noted for his ‘holistic business, legal and practical knowledge’, was previously in-house at Syngenta. Corporate specialist Estanislao Olmos is also a key contact and advised Vista Oil & Gas on the acquisition of an oil operating platform controlled by Pampa Energía and Pluspetrol.
Environment Tier 3
‘Responsive, prompt and accurate’, Bruchou, Fernández Madero & Lombardi’s practice stands out for its ‘excellent knowledge of the law and precedents’ as well as for its ‘multi-disciplinary approach to problem-solving’. The department, which is led jointly by Sebastián Vedoya and Sergio Arbeleche, spans a broad scope of regulatory, transactional and contentious work, with particular expertise in mining-related matters. Representative clients include Barrick Gold, Patagonia Gold and First Quantum Minerals subsidiary Corriente Argentina. Associate Pablo Crimer impresses with his ‘strong service levels’.
Labour and employment Tier 3
Bruchou, Fernández Madero & Lombardi’s ‘flexible and available’ practice impresses with its ‘seamless coordination with other firm departments’ as well as for its ‘ability to work as part of the in-house team’. The group, which handles an array of consultancy, transactional and contentious matters, is led by Nilo Thomas. Noted for his ‘broad experience and knowledge’, Thomas provides ongoing labour advice to several high-profile clients, such as Caterpillar Financial Services, Directv Argentina and Nabors International Argentina. Senior associate Geraldine Moffat has ‘huge expertise’.
Real estate Tier 3
‘Professional, available and client-oriented’, Bruchou, Fernández Madero & Lombardi’s compact but ‘bright and resourceful’ real estate team stands out for its ‘deep knowledge of the market and regulation’. The growing practice has come on in leaps and bounds under the leadership of the ‘committed, creative and pro-deal’ Exequiel Buenaventura; he recently advised The Ally on certain real estate investment deals in Argentina. The team also has recent experience in commercial leasing, construction and finance matters. Other key clients include Compass Group, Envision and Patagonia Gold.
TMT Tier 3
Bruchou, Fernández Madero & Lombardi fields a ‘very solid and business-oriented practice’, which is composed of ‘young, talented and proactive lawyers’. The team is recognised for its strong activity in regulatory matters, for a broad range of telecoms, media and technology companies, with its ‘integrated vision from all orbits of law’ particularly valued by clients. Senior associate Marcos Santiváñez Vieyra is a ‘very knowledgeable enthusiast of technology law’; he provides ongoing advice to Monsanto Argentina on data protection issues.
Intellectual property Tier 4
‘Professional, efficient and transparent’, Bruchou, Fernández Madero & Lombardi’s integrated IP, privacy and new technologies practice provides ‘excellent, value-added services’, according to satisfied clients. Senior associate Marcos Santiváñez Vieyra is ‘sharp and strategic’ and leads a team which is recognised for its niche expertise in technology-related matters. Highlights included advising Bunge Argentina on trade mark protection, domain name matters and software-related issues.
Bruchou, Fernández Madero & Lombardi > Firm Profile
Bruchou, Fernández Madero and Lombardi (Bruchou) was founded in 1990 to provide legal advice to companies operating in an economy subject to rapid and dramatic structural changes, the effect of which was the transition from a paralyzed, state-controlled economy to an open, competitive one. Bruchou is today a leading legal firm in Argentina. We are a full-service firm of international repute and an undisputed market leader, and provide complex, value-added legal advice to leading companies and financial institutions. We take pride in the role we have played in a large number of significant transactions both in Argentina and overseas, and in the ongoing interaction with our clients.
|Managing partner||Carlos E Lombardi|
|Head of Banking & Capital Markets||Hugo NL Bruzone|
|Banking & Capital Markets||Matías López Figueroa|
|Banking & Capital Markets||José Bazán|
|Banking & Capital Markets||Alejandro Perelsztein|
|Banking & Capital Markets||Analía Battaglia|
|Corporate and M&A||Javier S Rodríguez Galli|
|Corporate and M&A||Mariano L Luchetti|
|Corporate and M&A||Estanislao H Olmos|
|Corporate and M&A||Exequiel Buenaventura|
|Corporate and M&A||Pablo Falabella|
|Corporate and M&A||Gabriel Lozano|
|Head of Competition and antitrust||Gabriel Lozano|
|Competition and antitrust||Estanislao H Olmos|
|Environmental law||Sergio Arbeleche|
|Environmental law||Sebastián Pedro Vedoya|
|Head of Oil & gas||Javier S. Rodríguez Galli|
|Mining||Sebastián Pedro Vedoya|
|Energy (electricity)||Mariano L. Luchetti|
|Energy (electricity)||Ignacio J. Minorini Lima|
|Head of Tax||Matías Olivero Vila|
|Head of Customs & foreign trade||Eduardo Mallea|
|Customs & foreign trade||Maria Laura Bacigalupo|
|Head of Litigation, international arbitration and bankruptcy||Carlos M. Rotman|
|Litigation, international arbitration and bankruptcy||Martín Beretervide|
|Litigation, international arbitration and bankruptcy||Ignacio J. Minorini Lima|
|Head of Administrative and regulatory law||Ignacio J. Minorini Lima|
|Head of Labor law and social security||Nilo P. A. Thomas|
|Head of Companies Law & Corporate governance||María Lucila Winschel|
|Corporate Compliance, Internal Investigations and Business Crime||Enrique Bruchou|
|Corporate Compliance, Internal Investigations and Business Crime||Sergio Arbeleche|
|Corporate Compliance, Internal Investigations and Business Crime||Fernando Basch|
|Head of Corporate Compliance, Internal Investigations and Business Crime||Guillermo Jorge|
|Head of Real estate & hospitality||Exequiel H. Buenaventura|
|Intellectual property, privacy & new technologies||Marcos M. Santivañez Vieyra|
|Mr Sergio Arbeleche||View Profile|
|Ms María Laura Bacigalupo||View Profile|
|Mr Fernando Felipe Basch||View Profile|
|Mrs Analía R. Battaglia||View Profile|
|Mr José María Bazán||View Profile|
|Mr Martín Beretervide||View Profile|
|Mr Enrique Bruchou||View Profile|
|Mr Hugo N. L. Bruzone||View Profile|
|Mr Exequiel H. Buenaventura||View Profile|
|Mr Pablo Falabella||View Profile|
|Mr Guillermo Jorge||View Profile|
|Mr Liban A. Kusa||View Profile|
|Mr Matías López Figueroa||View Profile|
|Mr Ezequiel Lipovetzky||View Profile|
|Mr Carlos E. Lombardi||View Profile|
|Mr Gabriel Lozano||View Profile|
|Mr Mariano L. Luchetti||View Profile|
|Mr Eduardo R. Mallea||View Profile|
|Mr Ignacio J. Minorini Lima||View Profile|
|Mr Matías Olivero Vila||View Profile|
|Mr Estanislao H. Olmos||View Profile|
|Mr Alejandro Perelsztein||View Profile|
|Ms Daniela Rey||View Profile|
|Mr Javier S. Rodríguez Galli||View Profile|
|Mr Carlos M. Rotman||View Profile|
|Mr Nilo P. A. Thomas||View Profile|
|Mr Sebastián P. Vedoya||View Profile|
|Ms María L. Winschel||View Profile|