Beccar Varela | View firm profile
Beccar Varela, a leading law firm in Argentina, is pleased to announce that it has advised McDonald’s Latin America on entering into a new Master Franchise Agreement (MFA) for a period of 20 years with Arcos Dorados Holdings Inc. the world’s largest independent McDonald’s franchisee.
The MFA was entered into on December 30, 2024, which became effective on January 1, 2025, and replaced the previous MFA. The new MFA also includes a renewal option, at McDonald’s discretion, for a new, 20-year MFA, beginning January 1, 2045.
Beccar Varela, with its in-depth expertise, played a key role in supporting McDonald’s throughout this significant milestone. Arcos Dorados announced it expects to open approximately 90 to 100 restaurants in 2025.
Counsels to McDonald’s Latin America LLC:
Beccar Varela: Partner Ricardo Castañeda and senior associate Inés Cappelletti.
Cleary Gottlieb: Partners Nallini Puri and Chantal Kordula
In-house Counsel: Patrícia Borges, Director Global Business Counsel – Regional Counsel Latin America.
Counsels to Arcos Dorados Holdings:
Davis Polk: Partners Maurice Blanco and Frank Azzopardi
In-house Counsel: General Counsel Juan David Bastida.
Founded in 1897, Beccar Varela is a leading law firm in Argentina. It advises national and international companies from various industries in all areas of corporate law. Its team consists of over 160 lawyers specializing in different areas of law, many of whom have studied and worked in major cities around the world. Beccar Varela is the reference firm in Argentina for clients committed to ESG (Environmental, Social, and Governance) and corporate sustainability; it was the first full-service firm in the country to join the United Nations Global Compact and to publish a Sustainability Report.