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Increasing uncertainty as Argentina takes uncomfortable FX measures

The return of FX controls and public debt re-profiling show Argentina’s underlying economic problems have not been solved, but the Macri administration’s new measures are  transitory and are only meant to meet a short-term emergency, says Tanoira Cassagne Abogados partner Alexia Rosenthal and associate Rocío Carrica. The primary elections in Argentina, which took place on 12 August,…


Central Térmica Roca S.A. and Generación Mediterránea S.A. $80 Million Notes Offering

Salaverri, Burgio & Wetzler Malbrán, Simpson, Thacher & Bartlett, Bruchou, Fernández Madero & Lombardi, Skadden, Arps, Slate, Meagher & Flom, DLA Piper, Jones Walker LLP and Tanoira Cassagne advised on the deal. Central Térmica Roca S.A. and Generación Mediterránea S.A. – operating as subsidiaries of Albanesi group – executed an offering of $80 Million Notes.…


Tanoira Cassagne acted as legal advisors in the organization of “Red Surcos V” Financial Trust

Tanoira Cassagne Abogados acted as deal counsel in the issuance of trust debt securities under the “Red Surcos V” Financial Trust (“Trust”), in the framework of the Trust Debt Securities Global Program “Red Surcos Créditos”. Banco CMF S.A. acted as trustee and issuer (“Trustee”) and Red Surcos S.A. acted as trustor (the “Trustor”), in the issuance…


Argentina’s YPF Luz makes first global debt tap

Argentine law firms Estudio O’Farrell Abogados and Tanoira Cassagne Abogados have acted as local counsel in notes issuances worth a combined US$900 million by energy company YPF and its power subsidiary YPF Luz. Read full post at


Tanoira Cassagne Abogados advises in the financing of US$ 3.4 million for rice producers in the Province of Corrientes through the Private Financial Trust “Corrientes Exporta Arroz”

Tanoira Cassagne Abogados was deal counsel, in a transaction in which Banco de Servicios y Transacciones S.A. acted as Arranger, Trustee and Beneficiary (the “Organizer”), Banco de Corrientes S.A. acted as Beneficiary and Arranger, Cooperativa Puerto Valle was trustor (the “Trustor” or the “Cooperative”), and the Fondo de Desarrollo, Garantía, Sustentabilidad y Anticíclico de la Provincia…


IFLR1000 Women Leaders 2019

Alexia Rosenthal was selected for second year as Women Leader from Argentina. Women Leaders is a supplement based on research for the IFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers. Women Leaders recognises the female IFLR1000 Leading Lawyers we consider to be the best working in their areas nationally.…


YPF Energía Eléctrica S.A.’s $400 Million Notes Offering

Estudio O’Farrell, Simpson Thacher & Bartlett, Tanoira Cassagne Abogados and Shearman & Sterling advised on the transaction YPF Energía Eléctrica S.A. executed its offering of $400 million 10% notes due 2026. Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Itau BBA USA Securities Inc., Banco Itaú Argentina S.A. and Itaú Valores S.A. acted as joint…


Genneia’s $131.5 Million Financing of Chubut Norte III & IV

Pérez Alati, Grondona, Benites & Arntsen, Clifford Chance, Tavarone, Rovelli, Salim & Miani, White & Case, Tanoira Cassagne Abogados and Alston & Bird advised on the deal Genneia signed a long-term financing agreement for US$ 131 million for the construction of the Chubut Norte III & IV wind farms (141 MW). Both projects were awarded…


Tanoira Cassagne advises in the organization of the first Closed-end Agricultural Fund Allaria Adblick Granos

Tanoira Cassagne Abogados advised Adblick Granos S.A as Investment Advisor, Allaria Ledesma Fondos Administrados Sociedad Gerente de Fondos Comunes de Inversión S.A. as Manager and Banco Comafi S.A. as Custodian, on the constitution of the Fondo Común de Inversión Cerrado Agropecuario (the Closed-end Agricultural Fund) “Allaria Adblick Granos Fondo Común De Inversión Cerrado Agropecuario” (the…