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14 February 20222 minute read

DLA Piper receives 2021 Subnational Deal of the Year Award from LatinFinance for representation of Buenos Aires in US$7 billion restructuring

DLA Piper is pleased to announce that the firm received a 2021 Subnational Deal of the Year award from LatinFinance in recognition of its representation of the province of Buenos Aires in the restructuring of more than US$7 billion in bonds.

 Through this transaction, the province successfully restructured more than 97 percent of its outstanding bonds. The restructuring provides Buenos Aires with US$4.6 billion in financial relief until 2027.

“We are pleased to be recognized for our role in this complex transaction, which showcased our extensive debt restructuring and sovereign finance capabilities and will contribute significantly to the Province of Buenos Aires’ continued economic growth,” said Marcelo Etchebarne, Country Manager of DLA Piper Argentina, who advised on the transaction.

“The Province of Buenos Aires is a long-time client that we have been representing in complex and groundbreaking transactions, and this recognition follows the LatinFinance Local Currency Deal of the Year Award obtained in 2018,” added partner Justo Segura, who also advised the Province on the transaction.

In addition to Etchebarne and Segura, the DLA Piper Argentina team that advised Buenos Aires included associates Marcos Taiana and Juan Rosatto.