COUNTRY	COMPANY	MATTER CLIENT
Argentina	Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria	Representation of Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria ("Cresud") in an SEC-registered global offering of rights to subscribe for (i) common shares and American Depositary Shares ("ADSs") evidencing common shares and (ii) warrants to acquire additional common shares. Cresud raised an aggregate of $288 million in connection with this offering. Cresud's common shares are listed on the Buenos Aires Stock Exchange and its ADSs are listed on the NASDAQ. Cresud is a leading Argentine agroindustrial company involved in crop production, cattle raising and milk production.
Argentina	Banco Hipotecario S.A.	Representation of Banco Hipotecario S.A. in connection with its Rule 144A and Regulation S offering of US$250,000,000 9.75% Senior Notes due 2016. Banco Hipotecario is Argentina’s leading mortgage lender and provider of mortgage-related insurance and mortgage loan services. The proceeds from the financing were used in part to fund Banco Hipotecario's tender offer for US$155,815,054 of its U.S. Dollar-Denominated Notes due 2013 and its Euro-Denominated Notes due 2013 that were issued in connection with the Bank's debt restructuring that closed in January 2004.
Brazil	Diagnósticos da América S.A.	Representation of Brazilian medical diagnostics company Diagnósticos da América S.A. (“DASA”) in connection with its Rule 144A/Regulation S offering of $250 million 8.75% Senior Notes due 2018. DASA operates over 250 service centers where patients obtain a full range of diagnostic tests from blood tests to MRIs and CAT scans.
Brazil	Cosan Limited	Representation of the underwriters in connection with the initial public offering of Cosan Limited, for a total price to public of approximately US$1.2 billion. The transaction was the largest SEC-registered IPO of a Brazilian business since 2000. Cosan is the largest producer of ethanol and sugar in Brazil, the second largest producer of ethanol in the world and among the three largest sugar producers in the world.
Brazil	Perdigão S.A.	Representation of Perdigão S.A. in a US$375 million global offering of 32,000,000 common shares, including in the form of ADSs. The offering was one of a small number of SEC-registered offerings by Brazilian companies during 2006. Perdigão is one of Brazil’s largest food companies, with a focus on poultry, pork and processed foods.
Brazil	MercadoLibre	Representation of the underwriters, led by JPMorgan and Merrill Lynch, in connection with the initial public offering by MercadoLibre and 72 of its shareholders for a total of approximately US$330 million. MercadoLibre is the largest online trading platform in Latin America and market leader in e-commerce in each of Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Uruguay and Venezuela.
Brazil	Sistema Educacional Brasileiro S.A.	Representation of SEB – Sistema Educacional Brasileiro S.A., one of the leading private, for-profit primary and secondary, postsecondary and distance education companies in Brazil, in a R$412 million (the U.S. dollar equivalent of approximately US$226 million) initial offering of units (each of which representing six preferred shares, without par value, and one common share, without par value) and units in the form of GDSs.
Brazil	Perdigão S.A.	Representation of Perdigão S.A. in a R$933 million (the U.S. dollar equivalent of approximately US$518 million) global offering of 20,744,200 common shares. The common shares were offered to the public in Brazil, with selling efforts to non-U.S. persons in Europe under Regulation S and through a private placement to qualified institutional buyers in the United States.
Brazil	Anhanguera Educacional Participações S.A.	Representation of Anhanguera Educacional Participações S.A., one of the leading private, for-profit postsecondary education companies in Brazil, in an initial offering of common shares, including common shares in the form of GDSs. The transaction raised approximately R$487 million (the U.S. dollar equivalent of approximately US$233 million).
Brazil	Inpar S.A.	Representation of Inpar S.A. in an initial offering of common shares, including common shares in the form of GDSs. The transaction raised the U.S. dollar equivalent of approximately US$341 million in proceeds in a primary offering. Inpar was the largest real estate developer in the metropolitan region of São Paulo, the largest real estate market in Brazil, over the last ten years.
Peru	Republic of Peru	Representation of the Republic of Peru in connection with S./4.75 billion of 6.90% Bonos Soberanos due 2037. LatinFinance magazine named this transaction 2007 sovereign bond of the year.
Peru	Republic of Peru	Representation of the Republic of Peru in connection with the Republic's US$2.6 billion multi-tranche cash tender and exchange offer for its existing 2012 Bonds and multiple series of Brady Bonds in exchange for newly issued 2016 Bonds and a new series of 2037 Bonds. The transaction was registered with the SEC.