Argentina’s Top Lawyer Sees Plenty of Deals Despite Recession

The second Argentine recession in three years and a corruption scandal engulfing some of the county’s top companies has the investment banking industry down but not out, according to the head of the country’s largest law firm.

“Despite the difficulties, we continue to see growth and activity in the areas of infrastructure and energy,” said Santiago Carregal, chairman and the head of the banking and finance department of Marval, O’Farrell & Mairal.

A $57.1 billion credit line from the International Monetary Fund is set to free up between $3 billion and $4 billion in private capital to finance infrastructure projects ...