Law Firm of the Year Argentina: Tanoira Cassagne Abogados
Argentina’s deep economic troubles sent a chill across the country’s debt and equity markets over the past year.
State-run energy company YPF ended a 14-month drought for Argentine issuers in the cross-border market in June with a $500 million bond sale, a deal Tanoira Cassange Abogados advised on.
The transaction was one of several YPF transactions involving the law firm. Weeks after YPF tapped the international bond market, its electricity division, YPF Luz, priced a $400 million cross-border bond, using the proceeds to boost power generation capacity and to pay down debt. Tanoira Cassagne also helped YPF to structure and launch a venture capital fund to invest in disruptive energy and transportation startups.
The firm also continued to work on project finance deals, including renewable energy projects. Alexia Rosenthal, a partner with Tanoria Cassagne, says she expects the new government of President Alberto Fernandez to keep up a focus on renewable energy. “They have publicly stated that they believe in the projects,” Rosenthal says.
She also expects activity in the oil and gas sector, particularly around Argentina’s Vaca Muerta shale deposits. “The new government wants to help develop Vaca Muerta,” she says. “And we expect that companies will need to seek financing.”
Award accepted by: Alexia Rosenthal, Partner