Argentina
Buenos Aires, April 16th, 2021. On March 10th, 2021, Vista Oil & Gas Argentina S.A.U
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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)
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
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
Argentina
Buenos Aires, 09.09.2020. Beccar Varela advised Asociados Don Mario S.A., acting as issuer, and Tanoira Cassagne Abogados counseled Banco de Galicia y Buenos Aires S.A.U. and Banco Itaú Argentina S.A., acting as organizers and placement agents, and Allaria Ledesma & Cía S.A., Itaú Valores S.A. and StoneX Securities S.A. (under registration process, formerly INTL CIBSA S.A
Argentina
On September 2, 2020, CP Manque S.A.U. and CP Los Olivos S.A.U. (the "Co-Issuers"), subsidiaries of Central Puerto S.A. (“CEPU”) jointly issued Notes for an aggregate principal amount of US$35,160,000 and AR$1,109,925,000 (the "Notes"). The Notes were guaranteed by CEPU by means of an aval
Argentina
Beccar Varela advised FCA Compañía Financiera S.A. on the issuance of notes Class XVII, carried out on August 13th, 2020, in two series under the Frequent Issuer regime and the Company’s Prospectus: Series I, denominated in Pesos, issued for a nominal value of $250 million, and Series II, denominates in UVAs, issued for the nominal value of UVAs 13.314.397, equivalent to almost $750 million
Argentina
On August 7th, 2020, Vista Oil & Gas Argentina S.A.U. (“Vista Argentina”) issued Notes for a nominal value equivalent to US$30 million: Class IV Notes, denominated, subscribed and payable in Argentine Pesos, and Class V Notes, denominated in US Dollars, subscribed and payable in Argentine Pesos at the exchange rate established in the offering documents (dollar-linked) (the “Notes”)
Argentina
Buenos Aires, 14 July 2020. Beccar Varela advised Tarjeta Naranja S.A. on Class XLIV notes issuance, worth AR$3,574,897,350, carried out under the company’s Global Program for the issuance of short, medium and long-term notes for a maximum nominal value of up to US$1,000 million (or its equivalent in other currencies). In this issuance, Tarjeta Naranja acted as issuer, Banco de Galicia y Buenos Aires S.A.U. as the organizer and co-placement agent and Macro Securities S.A
Argentina
On June 29th, 2020, Industrial and Commercial Bank of China Limited (ICBC China) acquired the shareholding that Standard Bank London Holdings Limited (Standard Bank) had in the companies ICBC Argentina, ICBC Investment Argentina S.A., and Inversora Diagonal S.A., which represented 20% of the total shares in each of these companies. With these acquisitions, ICBC China became the only shareholder of the three companies mentioned above
Argentina
Buenos Aires, March 31st, 2020. On March 26th, Beccar Varela promoted Federico Sosa and Francisco Zavalía to partner, in recognition of their talent and of the great contribution they have made to the firm in the areas of litigation and white collar & corporate crime respectively. Federico Sosa joined the firm in 2002. He focuses on litigation, particularly class actions, insolvency and bankruptcy
Argentina
On February 21, Vista Oil & Gas SAU issued Class III Negotiable Obligations for a nominal value of US $ 50,000,000, in an emblematic transaction that included the integration of the securities in Pesos and their repayment in United States Dollars in an account abroad
Argentina
On January 31, 2020, Raízen Gas SA, a company dedicated to the business of fractionation, commercialization and distribution of liquefied petroleum gas (LPG), advised by Marval O´Farrel Mairalfue acquired by Italgas SA The value of the operation is confidential. The transaction makes Italgas, advised by Beccar Varela, one of the main players in the commercialization and distribution of LPG. The transaction also involved the negotiation of supply agreements to provide Raízen Gas S.A