MERCOSUR - Argentina

Tanoira Cassagne Abogados

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The ‘super committed’ and ’proactive’  Tanoira Cassagne Abogados’ banking and finance team is best known for its work with banks in their different roles as underwriters, placement agents, trustees, custodians, escrow agents, grantors of loans, and in relation to foreign exchange and regulatory matters. Project finance and restructurings are other active market segments, with the practice also working extensively with mutual funds, stock exchanges and depositary agents. The ‘exemplary’ Alexia Rosenthal, who has extensive experience in banking, finance, capital markets and stock market regulatory matters, co-leads the practice alongside accomplished banking and capital markets lawyer Jaime Uranga, who also covers Central Bank regulation, restructurings and sovereign and sub-sovereign debt issuance. Rocio Carrica, who was promoted to the partnership in 2022, is recognised for her expertise in financial regulatory matters and foreign exchange regulations, and also has an active fintech practice. At associate level the ’impeccable’ Ignacio Criado Díaz is the main contact and a key presence across the team’s capital markets mandates. Since publication, Criado Díaz has been raised to the partnership - effective as of March 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Tanoira's team is highly qualified; they have worked with my team at Banco Galicia on a large number of deals during 2022, both DCM and debt, and we have had excellent results.’
  • ‘Alexia Rosenthal as a partner is very present in the transactions, well on top of all the regulatory news in the market and sees how to add value in the structuring of the deals. From the team, Ignacio Criado stands out as a lawyer with a great future and his work is impeccable. We worked with Tanoira on the structuring of negotiable obligations of the general and SME regime and on several loans in the oil & gas sector and we always had great experience.’
  • ‘Strong presence in issues of administrative law, exchange and public debt issuance. Ad hoc teams for obligations.’
  • ‘Distribution of daily regulations update. Webinars before relevant regulatory changes Partners present in the deals (in my case Jaime Uranga).’
  • ‘It is a great team with great capabilities, a deeply rooted culture and exemplary leadership from Alexia Rosenthal.’
  • ‘Great culture and creativity to find solutions.’
  • ‘Super committed team, one of the most agile and proactive when it comes to analysis of regulatory and exchange changes, two critical aspects in a country like Argentina where everything is constantly changing. A team that not only accompanies transactions but is also at the forefront of digitization/automation and process simplification, being a bridge between issuers, underwriters, and regulators.’
  • ‘Predisposition, ability to generate solutions and responses at the times that the market demands. Alexia Rosental and Rocia Carrica stand out in this group.’
  • ‘The TCA team is very solid and provides knowledge in legal matters and advice tailored to our needs at all times. Compared to other firms, the difference is the closeness of the relationship and the speed of response to our demands.’
  • ‘Alexia Rosenthal is our lead lawyer, in addition to solid knowledge on the matter, she has close relationships with regulators, government authorities and colleagues.’
  • ‘The team is solid and concise. It is not numerous, which makes communication between the external client and the firm easy. Very comfortable working with them, always available. Excellent partner guide, but even better the independence of each of the department's resources.’
  • ‘I would say that what makes them unique is the involvement and flexibility of the TCA team towards the external client. The disposition and dedication is total. Proactivity in all its lines and fronts.’
  • ‘TCA is a firm made up of high-ranking professionals, with in-depth knowledge of their areas of expertise and notable closeness to their clients. Its partners actively participate in forums related to their fields of activity and are leaders in the matter. Additionally, the TCA team is heavily involved in forums and initiatives related to diversity and social responsibility.’
  • ‘TCA differs from its competitors due to the closeness of its partners and heads of each department with its clients, its business orientation and an excellent relationship between its professional profile and its tariffs. In the banking and finance practice, the partner Alexia Rosenthal stands out, both for her knowledge and for her contribution to the business with creative solutions and impeccable professional ethics.’
  • ‘The experience of the team, the administration of processes before CNV and the willingness to do the job make TCA one of the best in Argentina for banking.’
  • Alexia Rosaenthal, Jaime Urganga, Juan Sanguuintti are the pillars of the TCA Banking Team. Always looking for alternative solutions and data.

Key clients

  • Global Valores
  • Citibank Argentina
  • Industrial and Commercial Bank of China
  • Banco de Galicia y Buenos Aires
  • The Province of Tierra del Fuego
  • The Province of Río Negro
  • The Province of Neuquén
  • Banco Macro.
  • Banco BBVA Argentina
  • HSBC Bank Argentina
  • Banco Santander Argentina
  • Mercado Abierto Electrónico
  • Balanz Capital Valores
  • Refi Pampa
  • Allaria Ledesma & Cía
  • Credicuotas Consumo
  • Adblick Granos
  • Banco de Servicios y Transacciones
  • Banco Mariva
  • Kavak Argentina

Work highlights

  • Advised Citibank Argentina Branch in its role as local security agent for a $270m cross-border project financing deal for Beijing-based Goldwind's development of wind farms in Argentina.
  • Advised Global Valores on its role as placement agent and exchange agent on two exchange offers by Argentina’s largest power distributor Edenor.
  • Advised a syndicate of more than 10 placement agents involved in the issuance of bond notes by YPF Luz (the electricity unit of Argentine state-owned oil group YPF).

Practice head

The lawyer(s) leading their teams.

Alexia Rosenthal, Jaime Uranga, Rocío Carrica