Marcelo Etchebarne

Career

Marcelo Etchebarne serves as the Managing Partner of DLA Piper Argentina, Latin America Regional Practice Group Leader for the Corporate-Capital Markets Practice, and Special Projects Regional Leader for the Asia Practice.

With over 30 years of experience, Marcelo has extensive experience in capital markets, mergers and acquisitions, debt restructurings and complex dispute resolution, having worked on more than 250 transactions over the last two decades, including some of the largest transactions taking place in Latin America.

He designed some of the most innovative multi-billion cross border transactions taking place in the region, including five Latin American deals of the year in recent times. Marcelo acted as lead counsel to the Ad-hoc Creditors Committee on YPF's US$6.2 billion restructuring, the project bond and related financings and acquisitions of Stoneway Capital for US$1.1 billion, the representation of Vicentin on its US$1.5 billion restructuring (ongoing), the representation of bondholders on the US$66 billion debt exchange of Argentina, the successful representation of AES against YPF on a US$1 billion claim (settled), and Methanex against Petrobras (settled). He also designed the US$18.3 billion Argentine debt restructuring in 2010, in which he served as legal counsel to the Global Coordinator, Barclays Capital. Between 2002 and 2004 he acted as counsel to UBS on the US$80 billion debt restructuring of Argentina. Between 2012 and 2016 he represented multiple institutional investors in connection with the Argentine debt litigation in New York courts. He has been frequently interviewed and quoted by the Financial Times, CNN and The Economist.

Marcelo serves as a Trustee, Co-Chair of the Development Committee and Member of the Executive Committee of the Eisenhower Fellowships in Philadelphia. The Eisenhower Fellowships is a private, nonprofit, nonpartisan organization dedicated to identifying outstanding ascendant leaders who share President Eisenhower's belief in the powerful possibilities of a more peaceful, prosperous and just world and to help them produce impactful change (www.efworld.org).

Marcelo additionally serves as Trustee of the El Museo del Barrio in Harlem, New York, the largest museum dedicated to Latin American artists. He also served as Board Member at the Rainforest Foundation in New York, Treasurer of Americanos del Sur en el Siglo XXI in Buenos Aires, Senior Advisor to the Advanced Leadership Foundation in Washington DC, Member of the Pro-Bono Committee at the Colegio de Abogados de la Ciudad de Buenos Aires, and Vice Chairman of the Harvard International Law Society.

Practice Areas

Banking & Finance

Capital Markets

Corporate M&A

Restructuring

Professional Memberships

Trustee of the Eisenhower Fellowships in Philadelphia

Trustee World Jurist Association

Member of the Board of Trustees of the El Museo del Barrio in Harlem, New York

Work Highlights

• Counsel to the Ad-hoc Creditors Committee on YPF's 6.2 billion debt restructuring

• Counsel to EDELCOS in the public tender offer of EDENOR’s shares in the New York and Buenos Aires stock exchanges

• Counsel to EDENOR in the consent solicitation to amend term of condition of its existing bonds

• Counsel to EDENOR in the debt exchange of its existing notes

• Counsel to Vicentin on its US$1.5 billion debt restructuring

• Counsel to Vicentin in the joint venture with strategic investors

• Counsel to Jefferies on Stoneway Capital's US$500 million project bond and its US$165 million follow on (deal of the year in Latam by Latin Finance)

• Counsel to UBS in the US$80 billion debt exchange of the Republic of Argentina (2002-2004)

• Counsel to Barclays Capital as Global Coordinator of the US$18 billion debt exchange of Argentina (2008-2010)

• Counsel to institutional investors in the US$62 billion debt exchange of Argentina (2020)

• Counsel to multiple banks and the Province of Buenos Aires in over 40 international bond offerings made by the Province of Buenos Aires since 1998 to date

• Counsel to Citigroup and the Province of Buenos Aires (PBA) in PBA's US$2.8 billion debt restructuring

• Counsel to JP Morgan in the debt restructuring of a US$250 million bond issued by the Province of Mendoza and to Barclays Capital on its reopening

• Issuer and underwriter's capital markets counsel in debt offerings and exchanges for the Provinces of Chaco, Chubut, Formosa, Entre Ríos, La Rioja, Mendoza, Neuquén, San Juan, Santa Fe and Salta

• Debtor's counsel on the recent debt exchanges and consent solicitations made by the Provinces of Mendoza, Chaco, Entre Ríos, Chubut, Salta and Buenos Aires

• Underwriter's counsel for UBS, Citi, Beal West LB, Salomon Brothers, Credit Suisse, Raymond James, Deutsche Bank, Barclays, JP Morgan and other banks on corporate debt and equity offerings

• Special counsel to Pioneer and Apache on the US$600 million acquisition of Pioneer Natural Resources' assets in Argentina, among other notable acquisitions

• Counsel to GP Investments, Temasek and LAIG in the US$1 billion acquisition of Pride International's assets in Latin America

• Counsel in the sale of British Gas equity interest in MetroGAS one of the largest natural gas distributors in Latin America

• Counsel to JP Morgan on the debt restructuring of MetroGAS

• Counsel to AYSA on its US$500 million inaugural bond offering

• Buyer's counsel in two attempts to acquire YPF

Languages Spoken

English

Spanish

French