Province creditors hired lawyers restructuring - They will have Arnold & Porter buffets for the New York and Brouchou, Fernández Madero & Lombardi law titles for the local section

The committee of creditors of Buenos Aires public debt hired two law firms for the renegotiation in progress. The news became known after the national government confirmed that there will be no bailout for the provincial maturities of January and that the Executive of Axel Kicillof will boost a BP21 bond re-inflation.

Province creditors hired lawyers restructuring

According to the Bloomberg agency, the group of bondholders formed in December will feature the Arnold & Porter buffets for the New York and Brouchou, Fernández Madero & Lombardi law titles for the local section. The committee said the decision seeks to "facilitate dialogue with provincial authorities."

On December 12, this group of bondholders announced the hiring of Mens Sana Advisors and Broadspan Capital LLC as financial advisors. In parallel, another committee dedicated to sovereign debt also convened for that same purpose Mens Sana with UBS Securities LLC.

Yesterday, the market responded with a fall of up to 6.8% in PBA securities in the face of fears of a provincial default. On January 26, US $ 277 million of the PB21 expire and there will be no assistance from the Nation.

The Spanish firm Oteyza or the end of Feism

That street clothes live their last hours not only predicts the 'guru' Virgil Abloh. Oteyza, the Spanish firm that debuts this Wednesday at Paris Fashion Week, claims a new masculine elegance topped with stylish capes and hats.

Its creators, the Madrid couple Caterina Pañeda and Paul García de Oteyza, are in turn the company's presentation card. They get rid of the designers' characteristic look - worn pants, sneakers - to dress impeccably with the starched garments of his firm.

Awarded at the Fashion Industry Awards of Spain in 2018, Oteyza stands out for an unmistakable DNA. Since its creation in 2011, the brand rescues the historical patterns of Spanish tailoring - layers, cloths, hats ... - to adapt them to the 21st century.

His work is now recognized by the French Haute Couture and Fashion Federation, which selected it to present its new collection at the Men's Fashion Week.

Only two other Spanish brands, Palomo Spain and Loewe - owned by the French luxury giant LVMH - currently parade on the most prestigious catwalk in the world.

- "How to go to San Pedro" -

The couple of designers presented their proposal to the Federation in September. "It was like going to San Pedro," recalls Paul Garcia in a pre-parade interview. But the 'yes' did not get until December, the "fair time" to organize the pass.

Until now, Oteyza had exhibited at the prestigious Pitti Uomo fair in Florence and at the Madrid Fashion Week, ensuring a strong media impact each time, for example, by dancing the Spanish National Ballet in three-piece suits, or well cutting a layer of six meters in the middle of the catwalk, with true merino sheep in the front row, whose wool is a constant in their collections.

- "A night of wine" -

The duo had not planned to follow these paths. The economist and her translator decided to turn their lives around "during a night of wine," Pañeda laughs.

His grandfather had been a tailor in Madrid: he had a "workshop with 10 rooms, one of them only for buttons." They, on the other hand, bought a tiny store in the Spanish capital, without having previously studied design, but with "a sensibility and education" about the fashion of which until then they had not been "conscious".

"We didn't tell anyone that we had opened, not even the family. We were very afraid" of failing, says the couple, parents of three children.

- "Retazos" of Spain -

His line was quickly inspired by iconic Spanish pieces. "We were looking to show pieces of Spain, without falling into folklore," they say, recalling that the first challenge was to hire the best tailors, a trade in "ways of disappearance."

"We appeared with the Cordovan hat. And our first detractors were the same Andalusians," admits Pañeda, recalling the protests of those who saw how Oteyza proposed this complement regardless of its traditional use, that is, on a horse at fairs.

But little by little the resistance gave way to acceptance and Oteyza now claims a clientele of almost all ages, which makes its way in Spain and in countries such as Russia, the United States and Ukraine.

For the couple, the key is to have found the intermediate point between a uniform and "boring" male fashion and the "exaltation" that some emblematic designers like Dries Van Noten advocate.

- The "death" of the tracksuit -

And they are convinced that their classic line, which women also wear.