Press Releases

19 November 2017. Beccar Varela won the “ARGENTINA LAW FIRM OF THE YEAR”, granted by the leading law firm directories publication Chambers and Partners. The “Chambers Latin America Awards 2017” ceremony took place on November 17th, at the Loews Miami Beach Hotel, in Miami, USA. Every year, the publication honors Latin American law firms that stand out for their work. After receiving the award, Horacio E ...

Buenos Aires, October 5th, 2017. Between September 29th and October 3rd, Grupo Financiero Galicia S.A. issued 126,500,000 new Class B common shares (equivalent to US$632.500.000). Consequently, the registered capital as of the date amounts to AR$1,426,764,597. The offer was made in Argentina and in the United States, in the form of American Depositary Shares (ADSs) with the advice and participation of both local and international law firms and placement agents ...

London, September 29, 2017. Constanza Connolly, senior lawyer at Beccar Varela, was crowned “Lawyer of the Year” at the 2017 TrustLaw Awards, the Thomson Reuters Foundation’ s annual celebration of outstanding pro bono work. Constanza was awarded for her contribution to advancing a new law in Argentina that would allow disabled people to work without losing their disability insurance. Thanking the Foundation, Constanza said: “It is an honor for me to receive this award ...

Buenos Aires, September 26, 2017. Despegar raise US$382 million in an initial public offering (IPO) on the New York Stock Exchange on September 20, under the symbol "DESP". Beccar Varela in Argentina, TozziniFreire Advogados in Brazil, Conyers Dill & Pearman in the British Virgin Islands and Simpson Thacher & Bartlett LLP in the United States have advised the company on the launch of its initial public offering on the New York Stock Exchange ...

Buenos Aires, September 26, 2017. Beccar Varela and Errecondo, Gonzalez & Funes rendered advice on a loan agreement for a total amount of up to US$475 million, granted to Desarrolladora Energética S.A. and Empresa Inversora Energética S.A. The loan was granted by Deutsche Bank AG, London Branch; JPMorgan Chase Bank, N.A., London Branch and Nomura Securities (Bermuda) Ltd. to Desarrolladora Energética S.A. and Empresa Inversora Energética S.A. (“DESA Group”) ...

Buenos Aires, September 18th, 2017. Beccar Varela advised PREAR Pretensados Argentinos S.A. on its Class II Notes’ issuance, for a nominal value of up to AR$25 million, which could be increased up to AR$75 million. The issuance took place on August 15, 2017. The issuer placed AR$50 million under the company’s Global Program for short, medium and long-term notes with a maximum global nominal value of up to US$30 million (or its equivalent in other currencies) ...

Buenos Aires, August 22nd, 2017. Beccar Varela has incorporated Dorothea Garff as associate, drawing on her extensive experience both in top-tier legal firms and in the Argentine-German Chamber of Industry and Commerce (AHK Argentina), where she worked for more than thirteen years. At the Chamber, she headed the Legal Department and, subsequently, the Legal & Compliance/Technology and Innovation Department ...

Buenos Aires, August 16th 2017. Beccar Varela turned 120 years old on July 8th. The firm members will celebrate this anniversary by renewing their brand. Horacio E. Beccar Varela, Managing Partner, noted “Beccar Varela is an innovation leader, and these changes demonstrate that we are always prepared to grow.” He added he is particularly proud of the participation of the firm’s members in the process of creating the new image. Name ...

Buenos Aires, August 15th, 2017. Beccar Varela advised Banco de la Ciudad de Buenos Aires on a notes issuance worth AR$2.3 billion (approx. US$130 million), issued in two notes classes under the entity’s Global Program for short, medium and long term notes with a maximum global nominal value of up to US$500 million (or its equivalent in other currencies). In this transaction, Banco Ciudad acted as issuer, organizer and placement agent ...

Buenos Aires, August 10th, 2017. Pul Argentina S.A., Frigomerc S.A. and Pulsa S.A., companies controlled by Minerva S.A., a South American leader in the production and sale of fresh beef, live cattle and cattle by-products, with operations also in the beef processing segment, completed on July 31st the acquisition of shares representing 100% of the capital stock of JBS Argentina S.A., JBS Paraguay S.A., Industria Paraguaya Frigorífica S.A. and Frigorífico Canelones S.A ...

Buenos Aires, August 7th, 2017. Beccar Varela advised FCA Compañía Financiera S.A. on the company’s Class XIII notes issuance, carried out on July 28th for a nominal value of up to $262.5 million. In this issuance, Banco de Galicia y Buenos Aires S.A. and Industrial and Commercial Bank of China (Argentina) S.A. acted both as organizers and placement agents ...

Buenos Aires, July 21st, 2017. Egger Holzwerkstoffe GmbH, through its Argentine subsidiary Egger Investments S.A., signed an agreement for the acquisition of the industrial business of Masisa Argentina SA (subsidiary of Masisa S.A., a Chilean company) on July 17th. The transaction is expected to close within the next three months, once the conditions precedent contained in the agreement are met. Horacio E ...

Buenos Aires, 8 July 2017. Estudio Beccar Varela turns 120 years old today. Its team, made up of more than 145 lawyers, paralegals, practicing lawyers and assistants, will celebrate the anniversary throughout the year with clients and friends. Horacio E ...

Buenos Aires, 23 June 2017. Beccar Varela won a “Special Distinction” within the “Best Latin American Law Firm 2017” category at the 10th edition of the International Legal Alliance Awards ceremony held at the New York Marriott Marquis Hotel on 15 June The award was received by Horacio E. Beccar Varela, managing partner of BV, who said he felt “very excited and honored with the mention, which represents a great encouragement to continue working to constantly improve and innovate” ...

May 22nd, 2017. Estudio Beccar Varela advised Los Grobo Agropecuaria S.A. on the Class VI and VII notes issuance, carried out under the company’s Global Program for the issuance of Simple Negotiable Obligations not convertible into shares for a maximum circulation value of up to US$ 80 million (or its equivalent in other currencies). Class VI notes were issued at a nominal value of AR$140,666,911, while Class VII at a nominal value of US$20,830,297 ...

May 22nd, 2017. Estudio Beccar Varela advised Compañía Argentina Financiera S.A. on the Class XIX notes issuance, carried out in two series under the company’s global program for short, medium and long-term notes for a maximum nominal value of up to US$250 million (or its equivalent in other currencies). Series I notes were issued at a nominal value of AR$100 million, while Series II at a nominal value of AR$400 million ...

Buenos Aires, 5th June 2017. On May 31st Beccar Varela promoted Doctors Juan Antonio Stupenengo and Guido H. Krolovetzky to partner, in recognition both of their talent and of the great contribution they have made to the firm in the areas of administrative and customs law respectively. According to Horacio E ...

June 9th, 2017. Beccar Varela advised Tarjetas del Mar S.A. on the Class II notes issuance, carried out on May 17th in two series under the company’s global program for short, medium and long-term notes for a maximum nominal value of up to US$75 million (or its equivalent in other currencies). Series I notes were issued at a nominal value of AR$137.524.742, while Series II at a nominal value of AR$172.851.843 ...

June 9th, 2017. Banco Santander Río S.A., acting as lender, arranger and administrative agent, and Banco de la Ciudad de Buenos Aires, acting as lender and arranger, granted a syndicated loan worth U$S11 million to Oilstone Energía S.A. In this transaction, Estudio Beccar Varela acted as counsel to the lenders. It involved the negotiation and drafting of a syndicated loan, and a security assignment of contractual rights ...

Buenos Aires, May 22th, 2017. Estudio Beccar Varela advised Capex S.A. on the international issuance of Class 2 notes, issued under the company’s Global Program for notes for a maximum nominal value of up to US$600 million. The Notes were issued on May 15th, for a nominal value of US $300 million. The notes will mature on May 15th, 2024, accruing interest at a nominal annual fixed rate of 6.875% ...

Buenos Aires, May 2nd, 2017. It is with great sorrow that Estudio Beccar Varela announces the passing of advisory partner Dr. Ricardo Vicente Seeber, yesterday in the city of Buenos Aires. Ricardo received his Law degree from the Universidad de Buenos Aires in 1978. He joined the firm on August 1st, 1980, to work in the Corporate team, at that time headed by Damián F. Beccar Varela ...

On April 12th Benito Roggio and Hijos S.A. acquired Banco de Galicia’s stake in Aguas Cordobesas S.A. (ACSA), equal to 10.83% of the share capital of the water and sewer services provider in the city of Córdoba. To date, 7.83% has been transferred and the remaining 3% is subject to approval by the Regulatory Authority. Prior to this transaction, the buyer already owned 61.15% of ACSA’s shares. If this purchase is approved, then Benito Roggio e Hijos would control 71.98% of ACSA’s share capital ...

Estudio Beccar Varela advised Tarjeta Naranja S.A. on the international issuance of notes Class XXXVII, issued under the company’s Global Program for short, medium and long-term notes for a maximum nominal value of up to US$ 650 million (or its equivalent in other currencies). The notes were issued on April 11th, for nominal value of US$ 250 million. The maturity of the notes will take place on 11 April 2022, accruing interest at a floating rate (Badlar +3 ...

Estudio Beccar Varela has reincorporated María Benson to its team, appointing her advisory partner. Benson has over twenty years of experience working in law firms. She focuses her practice on corporate law, mergers & acquisitions, project finance and debt restructuring. María Benson started her career at Estudio Beccar Varela in 1997 ...

Estudio Beccar Varela advised Agrofina S.A. on the issuance of notes Class V and VI. Agrofina successfully completed this issuance, carried out in two Classes under the firm’s Global Program of simple notes (non-convertible into shares) for a maximum nominal value of up to US$ 60 million (or its equivalent in other currencies). Class V notes were issued at a nominal value of AR$331.696 ...