Dentons Launches Combination Firm in Argentina
The global law firm now has offices in 24 countries across Latin America and the Caribbean.
May 04, 2020 at 02:42 PM
3 minute read
Dentons has launched a combination with Rattagan Macchiavello Arocena in Argentina as it continues to expand in Latin America and the Caribbean despite the challenges presented by COVID-19.
The addition makes Dentons the largest global firm in Argentina, the firm said, and gives it more offices in Latin America and the Caribbean than any other law firm. Across the region, Dentons now has a presence in 24 countries.
In April, Dentons merged with Jiménez de Aréchaga, Viana & Brause in Uruguay. Last year, the firm merged with Honduras-based Gustavo Zacapa y Asociados following tie-ups in Venezuela and Chile.
The CEO of Dentons' Latin America and the Caribbean region, Jorge Alers, said that Rattagan Macchiavello Arocena stood out within Argentina for its leadership and innovative, forward thinking.
The Argentine firm is a leader in such practice areas as corporate and mergers and acquisitions, energy, environment and natural resources, banking and finance, compliance and anti-corruption, government relations, infrastructure, labor law, litigation and dispute resolution, pharmaceuticals and tax.
Dentons first announced plans for the Argentina office in September, expanding on its 2016 entry into Latin America and the Caribbean.
But Argentina faces a tough economic outlook as it flirts with a third default in two decades. The country has also adopted one of the strictest quarantines in Latin America in an effort to contain the spread of the COVID-19 virus.
The South American country's proposal to restructure $65 billion of its foreign debt expires May 8, with Argentine officials having indicated its proposal is a take-it-or-leave-it offer. Wary creditors have already rejected a prior offer.
Meanwhile, the country also faces a $2.1 billion payment to the Paris Club group of lenders this month and the end of a grace period for paying $500 million in interest on three dollar bonds.
The International Monetary Fund projected in April that Argentina's economy will contract by 5.7% in 2020 as the coronavirus dims an already bleak prospect for the grain-exporting nation. Within South America, only crisis-wracked Venezuela and Ecuador have dimmer forecasts among major economies that the IMF monitors.
So far in 2020, Dentons has launched Dentons Bingham Greenebaum and Dentons Cohen & Grigsby to form a national law firm in the United States as part of its "Project Golden Spike."
It also opened an office in St. Lucia and launched Dentons Kensington Swan in New Zealand, Dentons Lee in South Korea and Dentons Jiménez de Aréchaga in Uruguay, a major destination for wealth management, catering mostly to Argentines who have sought refuge from their country's chronic economic troubles and shifting fiscal policies.
|This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllJudge Approves 23andMe's $30M Data Breach Settlement - With Conditions
5 minute readOn Governor's Desk: NY 'Death Gamble' Bill That Seeks to Correct Pension Anomaly for Judges
'Serious Misconduct' From Monsanto Lawyer Prompts Mistrial in Chicago Roundup Case
3 minute readCleary vs. White & Case: NY Showdown Over $5 Billion Brazilian Bankruptcy
Law Firms Mentioned
Trending Stories
- 1Justices Will Weigh Constitutionality of Law Allowing Terror Victims to Sue PLO
- 2Nevada Supreme Court to Decide Fate of Groundbreaking Contingency Cap Ballot Measure
- 3OpenAI Tells Court It Will Seek to Consolidate Copyright Suits Under MDL
- 44th Circuit Allows State Felon Voting Ban Challenge to Go Forward
- 5Class Actions Claim Progressive Undervalues Totaled Cars
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250