GFM advised Binance Capital Management Co. with the acquisition of a share participation in Bitpoint S.A.

BINANCE, the largest crypto exchange in the world, who was looking to acquire equity participation in the local market, engaged GFM to provide legal advice and Due Diligence expertise with regard to the target company Bitpoint S.A. BINANCE is a crypto exchange platform which trades more than 100 digital assets and, since 2018, is considered the largest such platform in terms of volume.

 

BINANCE was advised by partner Pablo Melhem, and associates Valeria Constanza Martina and María Florencia Campos.

GFM advises Grupo De Narváez in the acquisition of Walmart Supermarkets business in Argentina.

American Walmart Chain sold its Walmart Supermarkets business in Argentina to Grupo de Narváez after 25 years in that market. With this, Grupo de Narvaez, which also operates in Ecuador and Uruguay, assumes ownership of 92 stores, including 31 hipermarkets, 52 Changomas stores, 8 MiChangomas stores distributed in Buenos Aires and 21 provinces, and a workforce of 9,000 employees.

With this, Grupo de Narvaez, which also operates in Ecuador and Uruguay, assumes ownership of 92 stores, including 31 hipermarkets, 52 Changomas stores, 8 MiChangomas stores distributed in Buenos Aires and 21 provinces, and a workforce of 9,000 employees.

GFM partners Pablo Di Iorio and Ignacio Sánchez Vaqueiro and associate Francisco Levis advised Grupo de Narvaez in this transaction.

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.