Errecondo, González & Funes is one of the leading business law firms in Argentina as shown by the impressive record of landmark transactions it has handled since its inception in 2004.
The partners of the firm have a collective experience of more than 60 years developed in Argentina and in the United States in the legal structuring and execution of most of the landmark cross-border transactions involving Argentine parties or assets since 1990, including international, M&A, public offerings of equity and debt securities, sovereign and sub sovereign international debt placements and restructurings, equity exchange and tender offers, project financing, privatisations, corporate debt restructurings and real estate acquisition and development.
The firm is an international-standard law firm providing high-quality legal services to a diverse base of domestic and international clients that include financial institutions, corporations, private equity and hedge fund management companies and high net worth individuals.
Main areas of practice
Mergers and acquisitions: The firm has a leading practice in the acquisition and divestiture of regulated companies working for investment groups and strategic investors. It has led the acquisition of many companies in the utilities, telecommunications and media industries as well as financial institutions. It covers all aspects of the transaction, from the drafting of purchase offers, the establishment of the acquisition vehicles, conducting legal due diligence, the drafting and negotiations of stock purchase agreements and shareholder agreements, the filing and supervisions of any regulatory approvals, including antitrust filings and, in the case of the acquisition of domestic listed companies, the mandatory tender offer to be launched to minority shareholders as required under current securities law. It has acquired a leading practice in the development of acquisition structures for private equity like investment groups to comply with Argentine legal, regulatory and tax restrictions and limitations.
Banking: The firm regularly represents domestic and international financial institutions, including multilateral lending organisations, in secured and unsecured financings to private and public sector Argentine borrowers, including non-recourse project financing. It also has significant expertise representing investment groups and the borrowing vehicles in acquisition financings taken by them to finance acquisition of regulated companies. The firm is included in the panel of eligible law firms of the principal domestic and international financial institutions active in corporate lending in Argentina.
Capital markets: The firm has a leading practice in this field. Partners of the firm have been in charge of many of the most important capital market transactions involving Argentine private and public sector issuers in the last 20 years and have participated in the preparation of many important regulations of the Argentine securities commission to adapt the local rules to international standards. It works for both underwriters and issuers covering domestic and international debt and equity offerings.
Securitisation: The firm has a recognised practice in securitisation developed in representing underwriters, originators and rating agencies in numerous domestic and international ground breaking securitisation for different classes of assets, such as mortgage loans, auto and consumer loans, export loans and future flows of all types, such as commodity export receivables, toll road receivables and credit card air ticket receivables.
Private equity: In addition to representing many private equity funds in M&A transactions, the firm have an unique expertise in the establishment of domestic and international investment vehicles dedicated to invest in Argentine assets. The firm was responsible for the legal structuring and implementation of the first public equity investment fund even registered before the Argentine Securities Commission.
Corporate: Often private equity clients requires the firm to handle the legal and regulatory matters of the target companies being acquired, including the relationship with regulators, negotiation of major contracts and labor matters and the legal and contractual aspects of the financial activity of the company.
Real estate: The firm has a strong real estate practice in all parts of the process having acted for sponsors, developers and investors in the structuring of the investment group, the acquisition of the property, the supervision of all regulatory approvals and permits, the negotiation of material contracts and financial transactions for the projects, which included residential, industrial and commercial property, including one of the principal shopping malls of Argentina.
Litigation: The firm regularly handles big-ticket litigation involving disputes in financial, securities and M&A transactions as well as bankruptcy recovery processes.