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Marcelo Etchebarne

Marcelo Etchebarne

Managing Partner

Marcelo Etchebarne is the Latin America Regional Practice Group Leader for Corporate-Capital Markets, Special Projects Regional Leader for China and Country Manager of DLA Piper Argentina.

A co-founder of our predecessor firm Cabanellas Etchebarne Kelly, Marcelo has extensive experience in capital markets, mergers and acquisitions, debt restructurings and complex dispute resolution, having worked on more than 200 transactions over the last two decades. He has participated in some of the largest transactions taking place in Argentina in recent years. Marcelo acted as lead counsel to the Ad-hoc Creditors Committee on YPF's US$6.2 billion restructuring, the project bond and related financings and acquisitions of Stoneway Capital for US$1.1 billion, the representation of Vicentin on its US$1.5 billion restructuring, the representation of bondholders on the US$66 billion debt exchange of Argentina, the successful representation of AES against YPF on a US$1 billion claim (settled), and Methanex against Petrobras (settled). He also designed the US$18.3 billion Argentine debt restructuring in 2010, in which he served as legal counsel to the Global Coordinator, Barclays Capital. Between 2002 and 2004 he acted as counsel to UBS on the US$80 billion debt restructuring of Argentina. He has been frequently interviewed and quoted by the Financial Times, CNN and The Economist.


  • Counsel to Jefferies on Stoneway Capital's US$500 million project bond and its US$165 million follow on (deal of the year in Latam by Latin Finance)
  • Counsel to the Ad-hoc Creditors Committee on YPF's 6.2 billion debt restructuring
  • Counsel to Vicentin on its US$1.5 billion debt restructuring
  • Counsel to multiple banks and the Province of Buenos Aires in over 40 international bond offerings made by the Province of Buenos Aires since 1998 to date
  • Counsel to Citigroup and the Province of Buenos Aires (PBA) in PBA's US$2.8 billion debt restructuring
  • Counsel to JP Morgan in the debt restructuring of a US$250 million bond issued by the Province of Mendoza and to Barclays Capital on its reopening
  • Issuer and underwriter's capital markets counsel in transactions for the Provinces of Chaco, Chubut, Formosa, Entre Ríos, La Rioja, Mendoza, Neuquén, San Juan, Santa Fe and Salta
  • Debtor's counsel on the recent debt exchanges and consent solicitations made by the Provinces of Mendoza, Chaco, Entre Rios, Chubut, Salta and Buenos Aires
  • Underwriter's counsel for UBS, Citi, Beal West LB, Salomon Brothers, Credit Suisse, Raymond James, Deutsche Bank, Barclays, JP Morgan and other banks on corporate debt and equity offerings
  • Special counsel to Pioneer and Apache on the US$600 million acquisition of Pioneer Natural Resources' assets in Argentina, among other notable acquisitions
  • Counsel to GP Investments, Temasek and LAIG in the US$1 billion acquisition of Pride International's assets in Latin America
  • Counsel in the sale of British Gas equity interest in MetroGAS one of the largest natural gas distributors in Latin America
  • Counsel to JP Morgan on the debt restructuring of MetroGAS
  • Counsel to AYSA on its US$500 million inaugural bond offering
  • Buyer's counsel in two attempts to acquire YPF
  • LL.M., Harvard Law School
  • Law degree, Universidad Católica Argentina Law School
    Highest GPA of his year
    Gold Medal


  • Chambers Global
    2022 - Band 2, Argentina Banking & Finance
    2019-21 - Band 2, Argentina Banking & Finance
  • Chambers Latin America
    2023 - Band 2, Argentina Banking & Finance
    2020-22 - Band 2, Argentina Banking & Finance
  • The Legal 500 Latin America
    2022 - Recommended, Latin America: International Firms Capital Markets
    2019-21 - Leading Lawyer, Argentina Banking and Finance
    2019-21 - Recommended, Latin America: International Firms Capital Markets
    2019-21 - Recommended, Latin America: International Firms Corporate and M&A
    2018 - Recommended, Argentina Banking and Finance
  • Latin Lawyer 250
    2023 - Key Partner, Capital Markets
    2023 - International Counsel, Banking and Finance
Marcelo Etchebarne was included in the 2020 Best Lawyers in Latin America for Corporate Law in Argentina and in 2020 he was recommended by the Latin American Corporate Counsel Association.


  • "Acciones colectivas y consentimientos de salida respecto de bonos públicos" en Guillermo Cabanellas de las Cuevas, Gabriel de Reina Tartiere, Mercado de Capitales. Editorial Heliasta, 2009, Buenos Aires.
  • "Reestructuración de títulos públicos colocados en los mercados domésticos e internacionales de capitales" (págs. 367 – 405) en Revista de Derecho del Mercado de Valores. Editorial Wolters Kluwer, año 2009, número 4.


Marcelo serves as a Trustee, Treasurer and Member of the Executive Committee of the Eisenhower Fellowships in Philadelphia. The Eisenhower Fellowships is a private, nonprofit, nonpartisan organization dedicated to identifying outstanding ascendant leaders who share President Eisenhower's belief in the powerful possibilities of a more peaceful, prosperous and just world and to help them produce impactful change ( He also served as Board Member at the Rainforest Foundation in New York, Treasurer of Americanos del Sur en el Siglo XXI in Buenos Aires, Senior Advisor to the Advanced Leadership Foundation in Washington DC, Member of the Pro-Bono Committee at the Colegio de Abogados de la Ciudad de Buenos Aires, and Vice Chairman of the Harvard International Law Society.



+1 212 335 4787
(Work, New York)
+5411 4114 5500
(Work, Buenos Aires)