We advised Carrefour on the debt restructuring of Ribera Desarrollos S.A

Marval, O'Farrell Mairal advised Carrefour on the debt restructuring of Ribera Desarrollos S.A., resulting in the most significant preventive contest in the history of the Argentine real estate market.

With the firm’s advice, Carrefour verified numerous credits linked to unfinished urban developments. The firm also assisted Carrefour on the negotiation and signing of a transactional agreement that acknowledged litigious credits in its favor. In addition to this, the firm also advised the major supermarket chain on other matters, such as the reconfiguration of sectors in the exclusive urban complex Al Río, the subdivision of functional units, the structuring of economic-financial compensation for the construction of a new 55,000 square meter tower and the assignment to Carrefour of more than 400 parking spaces to be built inside the complex.

The team was led by partners Rodrigo F. García, Gabriel Matarasso and Julio César Rivera, assisted by associates Fernando M. Alemany and Martín Cammarata.