Buenos Aires, October 14, 2008 - Marcelo Slonimsky, Partner at Baker & McKenzie in Buenos Aires, spoke at a panel on climate change at the 2008 International Bar Association (IBA) Annual Conference. The Conference took place in Buenos Aires from October 12 through 17 and was attended by over 4,000 lawyers from all over the world.

The session was hosted by the IBA Section on Energy, Environment, Natural Resources, and Infrastructure Law. The topics discussed were status of carbon markets and trends; the legal frameworks at the international and domestic levels going forward; and legal issues involved in carbon transactions.

Mr. Slonimsky made a presentation on the legal issues involved in carbon transactions with a focus on Emission Reduction Purchase Agreements (ERPAs). The IBA conference dedicated a whole day of sessions to climate change issues. This shows the increasing interest and role of business lawyers in this crucial problem. Mr. Slonimsky, who is a member of the Global Climate Change Practice Group of the Firm commented, “We are delighted that we were invited to participate in this high-profile event. As market leaders in the climate change industry our lawyers are able to shape the standards of the practice.”

The session hosted as keynote speakers Mr. Beat Hess, the General Counsel of Royal Dutch Shell, and Ms. Marie-Claire Cordonier Segger, Director for the Montreal-based Center for International Sustainable Development Law. Mr. Hess talked about the challenges posed to businesses by the increasing demand of energy, and Ms. Cordonier Segger provided her perspective on the complex international legal framework on climate change.