Corporate and Securities

Mark Stumpf concentrates his practice in international financial transactions in the public and private sectors. He advises foreign governments and public sector entities on financing, debt restructuring, and related transactions. Mr. Stumpf has served as counsel to the government of the Bolivarian Republic of Venezuela for over 25 years on numerous transactions, including its US$20 billion debt restructuring under the Brady Plan, and many international capital markets and bond exchange transactions. For his work in Venezuela, he was decorated by the President of Venezuela with the Orden de Generalisimo Francisco de Miranda (Primera Clase). He has served as principal legal advisor to the Bank of Zambia and the Ministry of Finance of Zambia in a World Bank-sponsored debt reduction operation, one of the largest ever undertaken by the World Bank in Africa. He has also acted as counsel to Colombia, Panama, Pakistan, Bosnia and Herzegovina, Romania, and Moldova, among other sovereigns, in international debt transactions.

Mr. Stumpf has represented parastatal companies in financial transactions. He has also represented public international lending entities, including the World Bank, the International Finance Corporation, the Overseas Private Investment Corporation, and others.

In the private sector, he has acted for a number of companies in their financing and acquisition activities. In this connection, he has focused on the private power, financial services, and telecommunications sectors. Mr. Stumpf has been recognized by The Legal 500 US 2009 for his M&A work.

Corporate and Securities Representative Matters

• Bolivarian Republic of Venezuela:
  • US$4.2 billion 11.95% Sovereign International Amortizable Bonds due 2031
  • US$3 billion 12.75% Amortizing Bonds due 2022
  • US$2.5 billion 7.75% Bonds due 2019
  • US$2.5 billion 8.25% Bonds due 2024
  • US$2 billion 9.00% Bonds due 2023
  • US$2 billion 9.25% Bonds due 2028
  • US$1.25 billion 7.00% Bonds due 2038
  • US$1.5 billion 5.75% Bonds due 2016
  • US$1.5 billion 6.00% Bonds due 2020
  • US$1.59 billion 7.65% Bonds due 2025
  • €1 billion 7.00% Notes due 2015
• Republic of Colombia: 
  • US $2 billion 4.375% Bonds due 2021
  • Ps. 939 billion 7.5% Global TES Bonds due 2021
  • Ps. 1.259 trillion 7.75% Global TES Bonds due 2021 (Payable in US dollars)
  • US$1 billion 6.125% Global Bonds due 2041
  • US$2 billion 7.375% Notes due 2019
  • US$1.65 billion 7.375% Notes due 2017
  • US$1.8 billion 7 3/8% Bonds due 2037
  • PS 1.924 trillion 9.85% Global TES Bonds due 2027
  • US$400 million Floating Rate Notes due 2015
• Republic of Panama:
  • ¥41.500 billion Republic of Panama Japanese Yen Bonds - Series A (2011) Guaranteed by Japan Bank for International Cooperation
  • US$1.0 billion aggregate principal amount of its 5.200% Global Bonds due 2020
  • US$558 million 7.250% Bonds due 2015
  • US$451 million 9.375% Global Bonds due 2029 issued in exchange offer
• Bosnia and Herzegovina: Restructuring of external debt
• Bank of Zambia: International Development Association debt reduction transaction
• National Bank of Romania: Club loans
• International Finance Corporation: Multicountry investment fund in Africa
• OPIC: Lending activities in Central/East Europe
• The NASDAQ OMX Group, Inc.:
  • US$652 million acquisition of the Philadelphia Stock Exchange
  • Acquisition of the Boston Stock Exchange
• C.A. La Electricidad de Caracas: Hostile takeover transaction by The AES Corporation