GFM represents Grupo Axo from México in the acquisition of the distribution business of NIKE, Inc.

GFM represented Grupo Axo, a Mexican company that manages multibrand stores and the distribution of Nike products in Mexico, in the acquisition of the distribution business of Nike, Inc. in Argentina. Grupo Axo also acquired similar businesses in Chile and Uruguay.

GFM represents real estate development group in the negotiation of more than 35,000 sq. mts. of office rental space to We Work.

GFM represented a major real estate development group in the negotiation of the lease agreements for two office towers, comprised of more than 35,000 sq. mts. of rental space to We Work, in the City of Buenos Aires and in Vicente Lopez. We Work is the world’s largest office space management and rental company for temp office space and coworking. The transaction includes the largest office tower rented by We Work in Latin America.

GFM appoints new partner

As of September 1, 2019, Gonzalez & Ferraro Mila - Casir - Di Iorio - Melhem promoted Ignacio Sanchez Vaqueiro as Partner, in recognition of his aptitude and professional caliber, who have projected him to develop an exceptional career. Ignacio focuses his practice in the areas of Mergers and Acquisitions, Corporate and Financial Law and Corporate Restructuring. He joined the Firm since its inception, in 2005.

Pablo Melhem, Managing Partner of GFM, expressed he was very satisfied with the appointment: “Ignacio is a lawyer of extraordinary talent. He has been with us since the beginning of his career and of our Law Firm. He represents the best of his generation in terms of quality and professional performance. He is an extremely valuable incorporation to GFM’s team of partners”.

Ignacio graduated as a lawyer from the Argentine Catholic University (2008). He obtained a Master's Degree in Economic Business Law also from the Argentine Catholic University (2014). He is an active member of the International Association of Young Lawyers (AIJA).

GFM advises Velitec in the acquisition of SP Argentina through a Cramdown proceeding. Leading Case.

Velitec S.A., a service Company in the oil and gas industry, acquired 100% of the capital stock of SP Argentina, one of the largest oil services companies in Argentina, through a Cramdown proceeding.

Cramdown consists of a mechanism under Argentina’s Bankruptcy Law where a company can be salvaged even when the debtor fails to obtain conformity from a majority of its creditors. The form used in this case is known as “Cramdown Power”, where the court may approve the agreement reached with only one class of creditors and obtaining a 75% approval of the non-secured creditors. This constitutes the first time this method is successfully used in Argentina.

GFM participates in the M&A Panel at the 2019 ABA SIL Annual Conference

On April 10, 2019, GFM partner Pablo Ferraro-Mila spoke on a panel focusing on regulatory and compliance complexity in M&As transactions throughout Latin America, co-sponsored by both by the International M&As and Joint Venture Committee and the Latin America and Caribbean Committee of the American Bar Association, Section of International Law, at the 2019 ABA SIL Annual Conference, which was held in Washington, DC. The panel focused on recent developments in terms of compliance regulations in Argentina and other LATAM countries. From a practical standpoint, the panel covered how to handle compliance issues and related liabilities during the due diligence process, the agreement negotiations and, of course, post-closing (including compliance issues under FCPA, from the perspective of a US investor).

Paramount Texteis Indústria e Comércio S.A. (Brazil)

GFM advised Paramount Texteis Indústria e Comércio S.A. (Brazil) in a dumping case filed by the argentine textile company Linkolan, which was dismissed in its entirety by the Argentine Ministry of Production. This result, which ended without the imposition of anti-dumping duties on all origins (Brazil, Peru and China), constitutes a leading case for Argentina, since it shows a positive change by the local authorities towards decisions based exclusively on technical and legal issues, moving away from commercial conflicts outside the sphere of control of such state agencies.