Dow and YPF ink shale gas deal

Argentine firms Nicholson y Cano Abogados and Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h) and Cleary Gottlieb Steen & Hamilton LLP in Buenos Aires have helped state-owned energy company YPF and US chemicals producer Dow form a joint venture to exploit shale gas reserves in Argentina, in a deal structured to protect Dow's investment amid ongoing tension between Spain's Repsol and the Argentine government.