Clara Krivoy

International Partner

Practice Description

Clara Krivoy’s practice focuses on corporate and securities law. Ms. Krivoy has represented domestic and foreign clients in various public debt and equity offerings, debt and equity offerings pursuant to Regulation 144A and Regulation S, mergers and acquisitions, debt and capital restructuring, bank lending, joint ventures, venture capital investments, structuring and organizing start-up companies, financings by early stage companies, private placements and the establishment of American Depositary Receipt programs.

She also advises clients on cross-border litigation and arbitration matters. 

Representative Matters

• Currently representing numerous account holders, counterparties, and other creditors in the Lehman Brothers bankruptcy cases and related SIPA proceedings.
• Represented account holders with approximately $500 million of exposure in the Refco, Inc. et al. Chapter 11 cases.
• Represented Bear Stearns International and Banco Bansud S.A., each as underwriter of a series of tax revenue secured notes issued by the Argentine province of Tucumán under a global medium term note program. The total principal amount was $400 million.
• Represented Companhia Paranense de Energia (COPEL), a major state-owned Brazilian electric utility, in connection with a consent solicitation of holders of certain bonds issued pursuant to Rule 144A in order to seek certain amendments to the bonds necessary to permit the privatization of the company.
• Represented Empresa Nacional de Electricidad S.A. (Endesa-Chile) and Enersis, two NYSE-listed Chilean utility companies, in connection with a $3.5 billion "club” loan with eight separate international lenders and the concurrent restructuring and refinancing of substantially all of their consolidated bank debt.
• Represented AES Empresa Eléctrica de El Salvador, Ltda. de C.V. in connection with its acquisition of an indirect majority ownership interest in Reliant Energy’s distribution assets in El Salvador, backed by a $100 million non-recourse loan from Dresdner.
• Represented Fortuna, a Panamanian hydroelectric generator company in a $170 million Rule 144A/Regulation S secured bond offering.
• Represented Mavesa, S.A., a New York Stock Exchange listed Venezuelan food products company, in connection with the $510 million tender offer for all of the outstanding shares and American Depositary Shares of Mavesa by Empresas Polar, a Venezuelan food and beverage conglomerate. This transaction is the first takeover of a U.S.-listed Venezuelan company.

Honors

Activities and Affiliations