Press Releases

Buenos Aires, August 3rd, 2021. On April 9th, 2021, World Bank’s International Finance Corporation (IFC) and the Pantaleon Group’s Nicaraguan subsidiary, Monte Rosa S.A., signed an agreement by means of which IFC granted the company a US$15 million revolving credit facility – renewable yearly for up to 4 years– and a US$10 million long-term A-Loan. In this matter, Beccar Varela acted as inter-jurisdictional counsel to IFC, while Arias advised the same organization at the local level ...

Buenos Aires, August 3rd, 2021. On July 29th, Petroagro S.A. issued Class III Notes, simple, not convertible into shares, not guaranteed, denominated in US Dollars and to be integrated and payable in Pesos, for a nominal value of US$5,187,007. The issuance was carried out within the framework of the Global Program of up to US$30,000,000. Class III Notes will mature on October 29th, 2023, and will accrue interest at a fixed annual nominal rate of 6.25% ...

Buenos Aires, July 22nd, 2021. Beccar Varela advised Agrofina S.A. on the constitution of Series XXIV Financial Trust set up under the program Secuval II (the “Financial Trust”). The issuance of securities under the Financial Trust of the total amount of AR$564.427 ...

Buenos Aires, June 13th, 2021. On May 24th, 2021, WeWork, a leading real estate company dedicated to flexible workspaces rental, and SoftBank Latin America Fund, signed a joint venture agreement for operations in Latin America. Beccar Varela advised SoftBank on all legal matters regarding corporate law, real estate, and tax involved in implementing this strategic alliance in Argentina. Founded in 2010, WeWork offers flexible and customized workspaces ...

Buenos Aires, June 24th, 2021. On May 26th, INVAP S.E. ("INVAP") issued Class IV Notes, carried out in three series for a total nominal amount of US$10,126,883 at the Initial Exchange Rate. The issuance was made under the company’s Global Program for the issuance of short, medium and/or long-term notes for a maximum outstanding amount of up to US$50,000,000 (or its equivalent in other currencies and/or units of value) ...

Buenos Aires, June 22nd, 2021. On June 18th, Vista Oil & Gas Argentina S.A.U. (“Vista Argentina”) issued Class IX Notes for US$38,787,069 and Class X Notes for $39,093,997 UVA (equivalent to AR$3,104,063,361.80 at the Initial UVA Value and to US$32,586,881 ...

On June 9th, 2021, the Grunin Center for Law and Social Entrepreneurship of the New York University (NYU) of the United States awarded Beccar Varela with the Grunin Prize Law and Social Entrepreneurship 2021 for having designed the structure of a Trust for the Argentine Network of Municipalities against Climate Change (RAMCC), which enabled various municipalities from provinces across Argentina to unite efforts for the joint development of social and environmental impact projects, in a reliable,

Buenos Aires, May 4th, 2021. On April 6th, 2021, Tarjeta Naranja S.A. issued Class XLVII Notes, denominated, subscribed, and payable in U.S. Dollars, in the amount of US$8,500,000, which were issued to refinance part of the Class XXXVII Notes, in compliance with the provisions of BCRA Communications “A” 7106 and “A” 7230. Class XLVII Notes, which mature on April 28th, 2023, will accrue interest at a fixed rate of 7% n.a. and the principal will be amortized in a single payment on the due date ...

Buenos Aires, April 27th, 2021. On April 22nd, Beccar Varela promoted Carolina Serra, Gustavo Papeschi and Pedro Silvestri to partner, in recognition of their talent and of the great contribution they have made to the firm in the areas of mergers & acquisitions, corporate law, banking, compliance, and real estate. Carolina Serra joined Beccar Varela in 2005. She has extensive experience in advising both national and international companies on corporate law and mergers and acquisitions ...

Buenos Aires, April 16th, 2021. On March 10th, 2021, Vista Oil & Gas Argentina S.A.U ...

Buenos Aires, March 16, 2021. Beccar Varela incorporated Dr. Ricardo Castañeda as a partner, who will join the Mergers & Acquisitions/Corporate, Project Finance, and Energy departments. Over the past years, Ricardo headed the Legal Department of YPF Luz, an electric power generation company, and a leader in the renewable energy sector ...

Buenos Aires, March 12th, 2021. Beccar Varela advised Agrofina S.A. on the constitution of Series XXII Financial Trust set up under the program Secuval II (the “Financial Trust”) The issuance of securities under the Financial Trust of total amount of US$10,490,419 took place on March 5th, 2021 as it follows: (i) US$9,290,589 Class A, at an annual nominal rate of 3%, rated A1sf (arg) on February 9th, 2021, by FIX SCR S.A ...

Buenos Aires, February 25th, 2021. Beccar Varela advised Tarjeta Naranja S.A. on Class XLVI notes issuance, worth AR$4,000,000,000, carried out under the company’s Global Program of up to US$1,000 million. In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and placement agent and Banco Comafi S.A., Banco Patagonia S.A., Banco Santander Río S.A., Industrial Valores S.A. and Macro Securities S.A ...

Buenos Aires, January 26th, 2021. Beccar Varela advised the Argentine digital broker 123Seguro LLC on the acquisition of a 100% stake in the Brazilian company SCV Corretora de Seguros LTDA (“Seguro Com Você”) from Fabio de Oliveira Pinto, expanding its business to Brazil. The agreement was signed on December 31, 2020. 123Seguro is a recognized Argentine insurtech with 10 years of experience in the insurance sector, which leads its segment in Argentina, Colombia and Chile ...

Buenos Aires, 28 December 2020. Beccar Varela advised Tarjeta Naranja S.A. on Class XLV notes issuance, worth AR$3,057,000,000, carried out under the company’s Global Program of up to US$1,000 million. In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and placement agent and Banco Patagonia S.A. and Banco Santander Río S.A. as placement agents, who were advised by Pérez Alati, Grondona, Benites & Arntsen (PAGBAM) ...

Buenos Aires, 12.15.2020. Beccar Varela advised Petroagro S.A. on the Class II notes’ restructuring, issued on August 9th, 2019, under the company’s global program for the issuance of short, medium and long-term notes for a maximum outstanding amount of up to US$30 million. Through a consent solicitation, Petroagro obtained the agreement of 100% of Class II Notes’ holders to amend certain terms and conditions, including the amortization schedule and interest ...

Buenos Aires, 12.16.2020. Beccar Varela advised Agrofina S.A. on the restructuring of Class VIII notes, issued in November 2019 under the company’s global program for the issuance of simple notes, not convertible into shares, for a nominal maximum amount of up to US$80 million. Through a consent solicitation, Agrofina succeeded in obtaining the agreement of 97 ...

Beccar Varela’s Fintech Department was recognized as “Band 1” in the latest edition of the prestigious global ranking Chambers FinTech. According to the publication, clients point out not only the team’s strength in regulatory and legal structuring matters but also the great collaboration they provide them with to find and liaise with potential partners in this growing market ...

Buenos Aires, December 3, 2020. Beccar Varela advised FCA Compañía Financiera S.A. on Class XVIII notes issuance, worth UVAs16.534.391, equivalent to AR$999,999,968 at the initial UVA value, carried out under the company’s Frequent Issuer Prospectus Registration No ...

Beccar Varela advised Banco de Galicia y Buenos Aires S.A.U. on Class VIII notes issuance, worth AR$1.589.722.222, in accordance with the company’s Prospectus for the issuance in tranches for a maximum nominal value of up to US$ 2.100.000.000 (US dollars two thousand one hundred million), under the Frecuent Issuer Regime. In this issuance, Banco Galicia acted as issuer and placement agent. Class VIII notes issuance took place on November 20, 2020 ...

Buenos Aires, 19 November 2020. On October 27th, Quintana Energy Fund transferred 100% of the assets of the local companies Quintana WellPro S.A. and Transportes Águila S.A. to petroleum engineer Thomas Berry Murphy. In this deal, Beccar Varela advised the seller, while Estudio Garrido counseled the buyer. Quintana WellPro is an Argentine company dedicated to providing high-quality oil drilling, workover, and pulling services ...

Buenos Aires, 16 November 2020. On October 22nd, Mirgor acquired the local assets of the US company Brightstar, manufacturer of LG and Samsung cell phones. With this important acquisition, Argentine company Mirgor, a leader in the cellular phone production sector, will control 100% of Brightstar Argentina S.A. and Brightstar Fueguina S.A ...

On October 26, the Executive Board of the Centro Brasileiro de Mediação e Arbitragem (CBMA) appointed our sports law special counsel Rodrigo Ortega Sánchez as an arbitrator, naming him to its sports arbitration list. Rodrigo said he was very excited about this appointment, “an extraordinary opportunity to continue strengthening my commitment to sports law and in particular to arbitration.” The CBMA is a consolidated chamber based in Rio de Janeiro, Brazil ...

Buenos Aires, 21 October 2020. Beccar Varela presented its first Sustainability Report, detailing its strategy in this area, as well as results achieved to date. It is the first sustainability report presented by a law firm in Argentina and represents another step in the firm’s commitment to a sustainable way of doing business ...

On September 14th, 2020, the renowned publication Environmental Finance, focused on sustainable practices, awarded Argentina’s first Social Impact Bond (SIB) in the category “Investment of the year / Education”, at the “Environmental Finance Awards Impact 2020”, an annual awards ceremony to globally recognize the work of impact investors, as well as highlight best sustainable practices ...