Firm Profile > Beccar Varela > Buenos Aires, Argentina

Beccar Varela

Banking and finance Tier 2

The ‘very dedicated and professional team’ at Beccar Varela impresses sources with its ‘strong lawyers’ and ‘deep awareness of operational and regulatory issues’. The group, which acts for both lenders and corporate borrowers, has experience across a broad range of banking issues, including public and private financings, debt capital markets and regulatory matters. Department head Roberto Fortunati is an ‘outstanding professional’ and advised China Development Bank on a facility agreement with the Republic of Argentina to invest in its railways. Javier Magnasco, who heads the capital markets practice, had an extremely active year, which included advising the lenders on a $15m syndicated loan to Buenos Aires Arena to finance the construction of a new stadium. Other key names include corporate finance partners Roberto Crouzel, María Shakespear and Maximiliano D’Auro, who are highlighted together for their ‘very client-oriented approach’, and department co-lead Pablo Torretta. Daniel Levi was promoted to partner in 2019.

Competition and antitrust Tier 2

Beccar Varela finds favour for its ‘strong business focus’, ‘quick response times’ and ‘creative ideas’. Led by ‘superstar specialistAgustín Waisman, the group shines across the full gamut of competition law matters, with an impressive track record in complex behavioural cases. In a recent example, the firm represented Prisma Medios de Pago (formerly Visa Argentina) in ongoing matters arising from the Visa card system investigation. Other highlights included advising Aerolíneas Argentinas, the dominant player in the airline market, on its landmark joint venture with Alitalia. The group’s senior associates also secure strong praise, with Camila Corvalán (‘provides incredible support’) and Mercedes Pando (‘very capable’) both recommended.

Corporate and M&A Tier 2

A prominent member of the chasing pack, Beccar Varela is widely acclaimed for its ‘strong and well-deserved progress in the M&A sphere’. The ‘results-driven team’ excels across the full range of corporate, M&A and compliance matters, with clients highlighting its ability to seamlessly bring together ‘an integrated team of capable lawyers with different backgrounds and expertise’. Roberto Crouzel, noted for his ‘deep knowledge, expertise and dedication’, co-leads the group and he recently acted alongside ‘creative problem-solver’ María Shakespear to advise Prisma Medios de Pago, and the sellers, on Advent International’s $725m acquisition of a 51% stake in the client company. Shakespear also paired up with compliance specialist Maximiliano D’Auro (‘a great professional’) to advise Route One Investment Company on is participation in a mining project in Argentina, which involved many complex elements. Roberto Fortunati co-leads the practice and acted alongside real estate specialist Pedro Nicholson to assist Goldman Sachs with its acquisition, together with Equity International, of the real estate business of the Pegasus fund. Other partners to note are Alejandro Poletto (‘outstanding commercial sense’) and of counsel María Benson (‘very committed’), while senior associates Carolina Serra (‘remarkably practical’) and María Eugenia Radaelli are also recommended.

Dispute resolution Tier 2

The ‘experienced and dynamic’ practice at Beccar Varela impresses with its ‘excellent communication skills’ and its ‘energetic and committed lawyers’. The increasingly prominent group handles a diverse spread of dispute resolution, arbitration and white-collar crime cases, with recent strong showings in financial services litigation for major multinational financial institutions. Gonzalo García Delatour, noted for his ‘tremendous knowledge and expertise’, co-leads the department alongside insolvency specialist Martín Gastaldi and Eduardo Güemes — together, they teamed up with advisory partner Emilio Vogelius and the corporate and compliance departments to represent several clients in collective claims filed by different consumer associations, including Banco de Galicia y Buenos Aires, Citibank and Industrial and Commercial Bank of China. The group also benefits from the senior experience of Rafael Lobos (‘ample experience and profound knowledge’), while associate Federico Sosa (‘great knowledge and drive’) is a rising star.

Electricity Tier 2

Beccar Varela’s profile continues to grow in the power area, particularly on the renewables side, as evidenced by an increasingly impressive client roster which includes Canadian Solar, Goldwind International Holdings (HK) and Solarpack. The firm is well versed across the full spread of generation, transmission and distribution-related issues, with an emphasis on regulatory and transactional matters. Energy expert José Carlos Cueva is the key contact and recently advised Hive Energy (UK) on its plans to develop solar power plants in Argentina.

Insurance Tier 2

The ‘knowledgeable and personable’ group at Beccar Varela is distinguished by its ‘partner-led service’ and its ‘great subject breadth, which ensures holistic solutions to multi-layered issues’. The firm advises an impressive range of insurers, reinsurers and brokers on contentious and non-contentious insurance matters, with representative names including Zurich, RSA Group and Volkswagen Brokers Argentina. Highlights included assisting a multinational insurance and reinsurance broker with a portfolio purchase agreement — department head Daniel Seoane led that work. The group also benefits from the senior experience of advisory partner Juan Pablo Chevallier-Boutell (‘an excellent lawyer’), while senior associate Agustín Duarte is widely hailed as a rising star.

International trade and customs Tier 2

Highly motivated, professional and experienced’, Beccar Varela’s practice secures rave reviews, with clients asserting that ‘lawyers treat us like we are their only client’. Over the past year, the firm kept busy advising on a diverse mix of trade remedies, import and export matters, sanctions issues, customs law and trade agreements, for clients from across the globe. Augusto Vechio co-heads the department and represented Zinc Industrias Nacionales in an antidumping investigation into imports of zinc oxide from Peru and Brazil. Guido Krolovetzky, noted for his ‘extraordinary technical capacity to resolve conflicts’, co-leads the group and recently advised clients such as Magna, Mercedes-Benz and Red Bull on various contentious matters. Senior associate Camila Corvalán is also a key contact.

Labour and employment Tier 2

Clear, professional and responsive’, Beccar Varela strikes the right note with its ‘committed service’ and ‘capable and up-to-date lawyers’. The group, led by ‘excellent negotiatorÁlvaro Galli, has experience across the full spectrum of labour and employment law, including corporate support matters, compliance issues, employee benefits, dismissals and labour disputes. Among his recent cases, Galli advised Bank of America on the closure of its local office and the consequent employee terminations. He also advised Carraro Argentina on a restructuring that initially involved the suspension of all employees, and then the dismissal of 40 unionised workers.

Public law Tier 2

The ‘consistently excellent’ practice at Beccar Varela impresses with its ‘very strong and experienced partners’. A leader on the procurement side, the group has been involved in some of Argentina’s most high-profile projects of late. Most notably, high-profile department co-head Oscar Aguilar Valdez advised Agua y Saneamientos Argentinos on two international public tenders relating to the provision of potable water service. On the contentious side, Aguilar Valdez, together with practice co-lead Juan Antonio Stupenengo, represented Banco de Galicia y Buenos Aires in judicial review litigation related to a fine imposed by the anti-money laundering authority.

Real estate Tier 2

Beccar Varela’s ‘solid all-round real estate practice’ acts for an impressive portfolio of local and multinational clients, with strong showings in the retail, development and hotel sectors. Department head Pedro Nicholson is widely hailed as a ‘very impressive specialist’ and was at the helm for most of the team’s recent marquee deals, including advising Carrefour on the development of the Al Río Project — one of the largest projects currently outstanding in Argentina. On the M&A side, he acted hand-in-hand with the corporate department to advise Goldman Sachs on its acquisition, together with Equity International, of the real estate business of the Pegasus fund. The group also has experience in real estate finance, leasing arrangements and property management.

TMT Tier 2

The ‘superbly supportive’ group at Beccar Varela is noted for its ability to ‘handle routine as well as complex telecoms matters’ — the broad practice also advises on technology, particularly data privacy, and media issues. High-profile specialist Emilio Beccar Varela is noted for his ‘great industry knowledge and client-focused approach’ and co-leads the department alongside Florencia Rosati, who provides ‘high-quality and quick advice’; together, they advised Amway on two app-based offerings for its distributors and customers. Other representative clients include Sanofi Argentina, Sprint and United International Pictures.

Bankruptcy and restructuring Tier 3

Beccar Varela’s ‘excellent team’ scores highly due to its ‘deep experience and knowledge’. The creditor-focused practice secures a comprehensive spread of bankruptcy, insolvency and debt restructuring-related matters — it also occasionally acts for debtors. Group head Martín Gastaldi continues to advise Banco de Galicia y Buenos Aires in Magnacom’s reorganisation proceedings. Senior associate Federico Sosa is also a key contact.

Environment Tier 3

The ‘high-quality group’ at Beccar Varela is ‘formed of strong and experienced attorneys’, according to satisfied clients. In particular, senior associate Angeles Murgier is singled out for her ‘deep knowledge of the law and excellent client service’. Murgier, who co-heads the department alongside public law specialist Oscar Aguilar Valdez, has a focus on general regulatory and compliance matters, and she also brings to bear significant experience in environmental due diligence and litigation. The department’s growing client roster includes such high-profile names such as General Electric, Total Eren and Líneas de Transmisión del Litoral.

Intellectual property Tier 3

Beccar Varela houses a growing practice, which demonstrates weight across an array of IP prosecution, management, enforcement and litigation matters. High-profile TMT specialist Emilio Beccar Varela co-leads the department alongside Florencia Rosati; together they are advising Grupo Enjoy on ongoing IP issues, including trade mark portfolio management. Other representative clients include Samsung Argentina, Sanofi Argentina and WestRock Packaging Systems.

Mining Tier 3

Beccar Varela had a busy year on the lithium front, on both the transactional and regulatory sides, and it also advised clients within the gold, copper and silver industries. Among its headline deals, the firm advised Shanghai Nextview on the local aspects of its $265m acquisition of Canada’s Lithium X — banking specialist Maximiliano D’Auro led that mandate. In another lithium-related highlight, corporate finance partner Roberto Fortunati advised Australia’s Quantum Capital on the launch of its activities in Argentina and investments in lithium projects. Senior associate Marcos Moreno Hueyo, noted as a ‘very good up-and-coming mining specialist’, provided sole support on both the Shanghai Nextview and the Quantum Capital work.

Oil and gas Tier 3

The ‘very commercial’ group at Beccar Varela continues to strengthen its profile on the upstream front — it also has significant downstream experience. Corporate finance specialist Roberto Fortunati heads the department and is noted for his ‘strong industry and legal knowledge’; he advised American Energy Partners on its initial agreements with YPF for the exploration and development of the Vaca Muerta formation. Enap Sipetrol is also a key client and the firm assisted it with several recent matters, including on the sale of its participation in the Pampa del Castillo-La Guitarra concession to Capex. José Carlos Cueva is also recommended.

Tax Tier 4

Reliable, timely and professional’, Beccar Varela provides ‘insightful and quality advice’ backed up by ‘efficient and personalised service’. Clients reserve particular praise for department head Santiago Montezanti, who ‘steers clients through decisions with the confidence that comes from paying attention to detail’. Among Montezanti’s highlights, he advised Deutsche Bank, London Branch on the tax aspects of its $300m loan to Telecom Argentina. The group also advises on contentious matters. Senior associate María de los Ángeles Olano is also recommended.


Founded in 1897, Beccar Varela is a leading full-service law firm in Argentina. It advises local and international companies in all areas of corporate law across all industries. Its team consists of 155 lawyers specializing in different areas of law, many of whom have studied or worked in the world’s business capitals, 30 of whom are partners. They are supported by paralegals, trainee lawyers and professional assistants in delivering top-tier client service.


Throughout its history, the firm has forged alliances with international networks that bring together highly reliable law firms worldwide. It is an active member of World Services Group (WSG), Interlex, International Network of Boutique Law Firms (INBLF) and Alianca de Advocacia Empresarial (ALAE), and a founding member of the Club de Abogados de Iberoamerica. BV has a certified German Desk and various country desks. Beccar Varela is the first and only full-service law firm in Argentina to have joined the United Nations Global Compact, through which among other objectives it hopes to contribute to clients’ value chains as a responsible service provider.


Clients: The firm combines its understanding of global and local business cultures to provide strategic tailor-made solutions to top-tier multinationals, national companies and individuals, as well as start-ups and not-for-profit organizations. Its client portfolio includes leading blue-chip industry companies, both national and international, which invest and operate in Argentina. BV has been serving many clients for nearly a century or more, such as Citibank since its first global expansion in 1914, and Unilever since the early 1920s.


Areas of practice: The firm deals with agribusiness, arbitration, art law, banking & financial institutions, bankruptcy, insolvency & restructuring, capital markets, company law, competition & antitrust, compliance, consumer protection, corporate advice, energy, entrepreneurship, environmental law, family business governance, healthcare & life sciences, insurance, intellectual property – patents & trademarks, international trade & customs, labor & social security law, litigation, mergers & acquisitions, microfinance, mining, oil & gas, private clients, private equity, product liability, project finance, public law, real estate & hospitality, sports law, tax law, TMT (telecoms, media, technology), trusts & trust services, white collar & corporate crime.


Languages: Spanish, English, French, German, Italian, Portuguese and Mandarin.

Department Name Email Telephone
Corporate Horacio E Beccar Varela
Corporate Ramón I Moyano
Mergers and acquisitions Roberto H Crouzel
Banking and financial institutions Pablo J Torretta
Banking and financial institutions Javier L Magnasco
Banking and financial institutions Maximiliano D'Auro
Labor Alvaro J Galli
Dispute resolution Eduardo J Güemes
Dispute resolution Martín Gastaldi
Arbitration Emilio N Vogelius
Arbitration Gonzalo García Delatour
Energy and natural resources Roberto A Fortunati
Tax Santiago L Montezanti
Administrative law Oscar Aguilar Valdez
Administrative law Juan A Stupenengo
Criminal law Manuel Beccar Varela
Antitrust Augustín Waisman
Real estate Pedro Nicholson
Photo Name Position Profile
Mr Oscar Aguilar Valdez  photo Mr Oscar Aguilar Valdez
Mr Gaspar Arturo Aguirre  photo Mr Gaspar Arturo Aguirre
Mr Tomás Allende  photo Mr Tomás Allende
Ms Micaela Aranciva  photo Ms Micaela Aranciva
Mr Manuel Beccar Varela  photo Mr Manuel Beccar Varela
Mr Horacio Esteban Beccar Varela  photo Mr Horacio Esteban Beccar Varela
Mr Emilio Beccar Varela  photo Mr Emilio Beccar Varela
Mr Damián Fernando Beccar Varela  photo Mr Damián Fernando Beccar Varela
Ms Patricia Browne  photo Ms Patricia Browne
Mr Juan Pablo Chevallier-Boutell  photo Mr Juan Pablo Chevallier-Boutell
Mr Roberto H Crouzel  photo Mr Roberto H Crouzel
Mr José Carlos Cueva  photo Mr José Carlos Cueva
Ms Luciana Denegri  photo Ms Luciana Denegri
Mr Agustín Duarte  photo Mr Agustín Duarte
Mr Maximiliano Nicolás D’Auro  photo Mr Maximiliano Nicolás D’Auro
Mr Ignacio Flores  photo Mr Ignacio Flores
Mr Roberto A Fortunati  photo Mr Roberto A Fortunati
Mr Eduardo José Güemes  photo Mr Eduardo José Güemes
Mr Álvaro J Galli  photo Mr Álvaro J Galli
Mr Gonzalo García Delatour  photo Mr Gonzalo García Delatour
Ms Dorothea Garff  photo Ms Dorothea Garff
Mr Martín Gastaldi  photo Mr Martín Gastaldi
Mr Juan Francisco Kadarian  photo Mr Juan Francisco Kadarian
Ms Valeria Kemerer  photo Ms Valeria Kemerer
Mr Rafael Marcelo Lobos  photo Mr Rafael Marcelo Lobos
Ms Pilar Lodewyckx Hardy  photo Ms Pilar Lodewyckx Hardy
Mr Javier Luis Magnasco  photo Mr Javier Luis Magnasco
Ms María Fernanda Mierez  photo Ms María Fernanda Mierez
Mr Santiago L Montezanti  photo Mr Santiago L Montezanti
Mr Marcos Moreno Hueyo  photo Mr Marcos Moreno Hueyo
Mr Ramón I Moyano  photo Mr Ramón I Moyano
Mr Juan Crisóstomo Murga  photo Mr Juan Crisóstomo Murga
Mr Pedro Nicholson  photo Mr Pedro Nicholson
Mr Gustavo Papeschi  photo Mr Gustavo Papeschi
Mr Alejandro Poletto  photo Mr Alejandro Poletto
Mr José Miguel Puccinelli  photo Mr José Miguel Puccinelli
Ms Florencia Puppo  photo Ms Florencia Puppo
Ms Victoria Rabasa  photo Ms Victoria Rabasa
Mr Jorge Rassó  photo Mr Jorge Rassó
Mr Miguel Carlos Remmer  photo Mr Miguel Carlos Remmer
Ms Florencia Rosati  photo Ms Florencia Rosati
Ms Yanina Salemme Duprat  photo Ms Yanina Salemme Duprat
Ms María Shakespear  photo Ms María Shakespear
Mr Miguel María Silveyra  photo Mr Miguel María Silveyra
Ms Casiana Silveyra Perdriel  photo Ms Casiana Silveyra Perdriel
Mr Federico Sosa  photo Mr Federico Sosa
Mr Juan Antonio Stupenengo  photo Mr Juan Antonio Stupenengo
Mr Pablo J Torretta  photo Mr Pablo J Torretta
Mr L. Augusto Vechio  photo Mr L. Augusto Vechio
Mr Emilio Nicolás Federico Vogelius  photo Mr Emilio Nicolás Federico Vogelius
Mr Agustín Waisman  photo Mr Agustín Waisman
Mr Eduardo de la Rúa  photo Mr Eduardo de la Rúa
Other fee-earners : 125
Total staff : 250
Partners : 30