In 1995 Argentina adopted laws that opened up the market of Asset Back Securities.
Because members of Vitale, Manoff & Feilbogen were trained in renowned European
and American Universities and specialized institutions, the Firm
was called to provide specialized legal advise on Structured Finance
and Securitization during the making of the new legislation. Since
then, the Firm has occupied a prominent place in the development of this market in Argentina.
The Firm has advised different types of Originators on feasibility of their assets
for securitization. In effect, building companies, Governmental
agencies (housing projects), banks, insurance companies, Provincial
governments, Credit Card Companies, Oil and Gas and retailers companies
are among the Vitale Manoff & Feilbogens clients. Asset
class included, among others, credit card vouchers, exports receivable,
mortgage-backed securitisation, tax and royalties payments and structures
with preferred creditors status like the International Financial
Corporation and Inter-American Bank of Development.
The Firm has conducted numerous due diligence processes for national and International
rating agencies, for the assignment of national and international ratings.
Members of the Firm are active participants in renowned international organizations,
and regularly attend congresses and seminars, keeping up to date
on market trends. Members of the firm have been invited to lecture
and write in as prominent forums as Frank Fabozzi/International
Management Corporation and the International Securitization &
Structured Finance Report.
The Firm boasts a highly specialized group of professionals that can assist clients
in the various stages of the securitization process. Originators,
issuing entities, credit enhancement providers, rating agencies
and Governmental supervising authorities have found in Vitale Manoff
& Feilbogen an expert with sound knowledge of the applicable
laws and of the taxation, accountancy and regulatory implications
of each kind of transaction.