Press Releases

Buenos Aires, December 20th, 2018. Beccar Varela advised Tarjeta Naranja S.A. on the issuance of Class XLII Notes, carried out on December 17th under the company’s global program for the issuance of short, medium and long-term notes, for a maximum amount of up to US$1,000,000,000 (or its equivalent in other currencies). Class XLII Notes were issued in the local market for a nominal value of AR$1,263,303,300 ...

Buenos Aires, December 19th, 2018. On October 25th, the Government of the City of Buenos Aires (GCBA), together with the social investors group formed by Banco Ciudad, Banco Galicia, IDB FOMIN, IRSA, Organización Román and a private investor, launched Argentina’s first Social Impact Bond (SIB) that will aim to finance the program “Proyectá tu futuro” ...

Buenos Aires, 20 November 2018. Beccar Varela advised Tarjeta Naranja S.A. and Banco de Galicia y Buenos Aires S.A.U. in Tarjeta Naranja’s Class XLI notes issuance, carried out in two series 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). Series I notes were issued at a nominal value of AR$854,102,222 and Series II notes at a nominal value of AR$343,555,000 ...

Buenos Aires, 13 November 2018. Beccar Varela advised FCA Compañía Financiera S.A. on its Class XVI notes issuance, carried out under the company’s Global Program for the issuance of short, medium and long-term notes, for a maximum amount of up to US$200 million. Class XVI notes were issued on November 5 in two series, one of which is denominated in UVAs (Unidad de Valor Adquisitivo, adjustable by application of the Inflation Adjustment Index CER) ...

Buenos Aires, November 1st, 2018. Martínez de Hoz & Rueda (Argentina) and Cleary Gottlieb Steen & Hamilton LLP (USA) assisted Cordillera Solar I S.A. -in its capacity as borrower-, a vehicle of JinkoSolar Holding Co., Ltd ...

Buenos Aires, 24 October 2018. Beccar Varela advised Banco de la Ciudad de Buenos Aires (“Banco Ciudad”) on its latest debt securities issuance worth AR$2.05 billion (US$55 million), which was carried out in two securities classes under the entity’s global program for short, medium and long-term securities for a maximum nominal value of up to US$1,500,000,000 or its equivalent in other currencies. In this issuance Banco Ciudad acted as issuer, organizer and placement agent ...

Buenos Aires, 24 October 2018. Beccar Varela advised CAF-Banco de Desarrollo de América Latina on the granting of a loan worth US$50,000,000 to YPF S.A. The company will use the loan proceeds to finance one of its investment plans, which consists of the execution of midstream gas projects within the territory of Argentina. Legal counsel to the borrower In-house counsels: Fernando Gomez Zanou and Francisco Gáspari ...

Buenos Aires, August 14th, 2018 ...

Buenos Aires, August 9th, 2018. Beccar Varela has incorporated Dr. Virginia Frangella, specialist in ethics and compliance, risk management and internal controls ...

Buenos Aires, June 12, 2018. Beccar Varela advised ACON Bios Investors LP, in partnership with Humus Capital Partners LLC, on the acquisition and investment in Biosidus S.A. (Biosidus). In this acquisition, M. & M. Bomchil and Estudio Rosso Alba, Francia & Asociados advised the Sellers. The closing took place on June 5, 2018. Biosidus is dedicated to the research and development, formulation, manufacture and commercialization of biosimilar pharmaceutical products ...

Buenos Aires, May 28, 2018. Beccar Varela advised Charles Taylor InsureTech group on the acquisition of a 100% stake in Inworx Argentina S.A. and in Softseg S.A. worth US$50 million. The deal took place on May 3. Inworx Argentina and Softseg�s main activity consists of the provision of software and technological consulting services focused on insurance ...

18 April 2018. Beccar Varela advised Tarjeta Naranja S.A. on Class XL notes issuance, carried out 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). Class XL notes were issued in two series on April 10, 2018: Series I notes at a nominal value of AR$597,500,000 while Series II at a nominal value of AR$1,402,500,000 ...

16 April 2018. Beccar Varela advised FCA Compañía Financiera S.A. on Class XV 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$100 million (or its equivalent in other currencies). On March 23, 2018, Series I notes were issued at a nominal value of AR$ 205,263,157, while Series II at a nominal value of AR$ 294,736,843 ...

On March 13, 2018, Frutarom reached an agreement with the shareholders of Meroar S.A. and Meroaromas S.A. in connection with the acquisition by Frutarom of a stake in these companies, representing 70% of the capital stock and votes for a purchase price of US$11,200,000. Frutarom is one of the world's 10 largest companies in the field of flavors and natural specialty fine ingredients. The group is expanding worldwide with the strategy to develop global activity in the field of fragrances ...

Buenos Aires, February 5, 2018. Beccar Varela is pleased to announce the reincorporation of Daniel Antonio Seoane as a partner, who will lead the firm’s Insurance Law Department. He returns after seven years in which he further developed his career as in-house counsel in insurance companies, first as Legal Director of Royal and Sun Alliance Seguros Argentina (later on Seguros Sura), and then, during 2017, as Regional Legal Vice President of Suramericana S.A ...

Buenos Aires, January 4th, 2018. On December 18th, the French renewable energy group Total Eren announced the closing of an agreement with the international banks KfW, DEG and FMO for the financing of the "Vientos Los Hércules" wind project, worth up to US$166,999,544.44. Vientos Los Hércules S.A. was awarded a Power Purchase Agreement under the Argentine official RenovAr Program (Round 1) ...

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 ...