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Argentine and US firms in US$70-million US commercial paper programme for Banco General de Negocios
Argentine and US firms in US$70-million US commercial paper programme for Banco General de Negocios

Argentine and US firms in US$70-million US commercial paper programme for Banco General de Negocios

28 August 2001

On August 2, 2001, Pérez Alati, Simpson Thacher & Bartlett, Hughes Hubbard & Reed and White & Case closed the establishment of a US$70 million letter of credit-backed US commercial paper programme for Banco General de Negocios SA.

Bruchou and Milbank advise on floating rate notes
Bruchou and Milbank advise on floating rate notes

Bruchou and Milbank advise on floating rate notes

17 August 2001

PeCom Energía SA has issued US$220 million Medium-Term Floating Rate Notes, Series C, due July 20, 2005.

Multinational team advises in US$150-million HSBC commercial paper programme
Multinational team advises in US$150-million HSBC commercial paper programme

Multinational team advises in US$150-million HSBC commercial paper programme

17 August 2001

Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (h), together with Simpson Thacher & Bartlett and White & Case LLP, have acted in the establishment of a LC-backed US commercial paper programme worth US$150 million for HSBC. The participants in the transaction were HSBC Bank USA, as issuer, Chase Manhattan Bank, as administrative agent, and JP Morgan Securities Inc together with HSBC Securities (USA) Inc, as arrangers.

Multinational team advises Agilent in takeover by Philips
Multinational team advises Agilent in takeover by Philips

Multinational team advises Agilent in takeover by Philips

10 August 2001

Electronics multinational Philips has completed its acquisition of Agilent´s healthcare division following approval by the European Commission and US antitrust authorities. The deal closed on August 1.

New law will impose a balanced federal budget
New law will impose a balanced federal budget

New law will impose a balanced federal budget

10 August 2001

In response to the shrinking of public sector funds and available credit, a 'zero deficit' bill was presented by the government and passed without amendment by Congress on July 30.

Pérez Alati, Sullivan & Cromwell, Latham & Watkins and Sánchez Elia assist in acquisition of largest thermal generator in Argentina
Pérez Alati, Sullivan & Cromwell, Latham & Watkins and Sánchez Elia assist in acquisition of largest thermal generator in Argentina

Pérez Alati, Sullivan & Cromwell, Latham & Watkins and Sánchez Elia assist in acquisition of largest thermal generator in Argentina

03 August 2001

In a deal worth US$ 255 million, TotalFinaElf, represented by Pérez Alati, Grondona, Benites, Arntsen & Martínez de Hoz (Jr), acquired a controlling interest in Central Puerto, the largest thermal generator in Argentina. The transaction was concluded on July 27, 2001.

Multinational team advises in sale of Armor Acquisition
Multinational team advises in sale of Armor Acquisition

Multinational team advises in sale of Armor Acquisition

03 August 2001

Bruchou, Fernández Madero, Lombardi & Mitrani has acted as legal counsel to Southern Cross Group and Merrill Lynch Global Emerging Markets Partners LP in the sale of 100 per cent of the capital stock of Armor Acquisition SA.

Cárdenas, Cassagne & Asociados represents First Trust of New York, Argentine office
Cárdenas, Cassagne & Asociados represents First Trust of New York, Argentine office

Cárdenas, Cassagne & Asociados represents First Trust of New York, Argentine office

03 August 2001

First Trust of New York, through its permanent representative office in Argentina, has retained Cárdenas, Cassagne & Asociados for the creation of two financial trusts, Hexagon II and Hexagon III, and the issuance of floating rate certificates of participation at US$300 million and US$325 million respectively, with First Trust acting as trustee.

Microsoft recruits Allende & Brea to manage project
Microsoft recruits Allende & Brea to manage project

Microsoft recruits Allende & Brea to manage project

03 August 2001

Microsoft Corporation has appointed Buenos Aires firm Allende & Brea as regional legal manager of its ‘bCentral’ project in Latin America and the Caribbean. Allende & Brea will be responsible for the project’s tax and corporate structures, preparation of licence, distribution and other operating agreements; protection and management of certain trademarks, domain names and intellectual property; and the legal review of strategic alliances.

Argentine firm Alfaro-Navarro Abogados splits
Argentine firm Alfaro-Navarro Abogados splits

Argentine firm Alfaro-Navarro Abogados splits

03 August 2001

The Buenos Aires law firm Alfaro-Navarro, which had been widely seen as a