Rising Stars

Firms To Watch: Banking and finance

Following the arrival of Juan José Cardenas from EY Law in early 2022, Damma Legal Advisors has handled a number of financing transactions for high-profile borrower clients, as well as investment funds work for well-known family-owned enterprises.
Vodanovic Legal, a boutique firm that stands out its strong regulatory focus within the banking sector and its specialisation in fintech, is led by founding partner Ljubica Vodanovic.

Banking and finance in Peru

Estudio Echecopar member firm of Baker McKenzie International

The banking and finance team at Estudio Echecopar member firm of Baker McKenzie International has a strong track record in regulatory matters and transactional work, and focuses on financings and refinancings, syndicated loans, credit facilities and corporate finance. On the regulatory side, it advises new players in the industry on money transfer issues and the e-lending market, as well as the Peruvian regulatory landscape. Pablo Berckholtz heads the practice and acts for domestic and international financial institutions on structured finance and acquisition finance. Marco Alarcón is a key name for foreign and domestic deals, including project financings and real estate financings, as well as private and public securities issuances, while Juan Carlos De Los Heros is noted for his work on project bonds, trusts and secured transactions; he acts for lenders, arrangers, agents and investment banks. Alonso Miranda offers expertise in capital markets deals and liability management transactions, and on the more junior end of the team, senior associate Adrian Tovar advises on regulatory matters pertaining to the securities market and Fernando Sam, another recommended senior associate, handles financial matters relating to the energy industry.

Responsables de la pratique:

Pablo Berckholtz


Les références

‘Experience in the sector, knowledge of regulations, creativity, proactivity and quality of care.’

‘Very good knowledge of the sectors in which they have advised us and a very good relationship with their partners.’

‘Marco Alarcon has very good knowledge and a good ability to find solutions.’

Principaux clients

Red de Energía del Perú


Citibank


Aenza


Capital Crossing


BBVA Securities


BofA Securities


Credicorp Capital Servicios Financieros


Banco Santander Perú


Wells Fargo Bank


Bank of America


HSBC Bank USA


JPMorgan Chase


Standard Chartered Bank


MUFG Bank


Coöperatieve Rabobank


Agrovision


Perurail


Viettel Perú


Credicorp Capital Servicios Financieros


Deutsche Bank


BPIFRANCE


Principaux dossiers


  • Advised Red de Energía del Perú in connection with the preparation, execution and delivery of a $105.9m senior unsecured loan under the laws of New York granted by Export Development Canada.
  • Advised Citibank, as lenders, the Bank of Nova Scotia, as administrative agent and Citigroup Global Markets and The Bank of Nova Scotia, as joint bookrunners, in connection with a $350m revolving unsecured loan under the laws of New York granted to Sociedad Minera Cerro Verde.
  • Advised Aenza on a $120m bridge loan provided by the bank lenders, the proceeds of which were used to repay convertible debt, long-term debt and obligations under the plea agreements with the Peruvian government.

Garrigues

The sizeable banking and finance team at Garrigues is led by Oscar Arrús and handles a significant number of cross-border transactions in the energy, retail, consumer, banking, industrial and mining sectors. It acts for prominent domestic and international financial institutions, and maintains a broad focus encompassing expertise in leveraged, acquisition, structured and project finance, as well as regulatory matters. Arrús brings 30 years of experience to the team and advises borrowers and financiers on corporate, structured and project financings; Sergio Amiel is a name to note for financings in the energy sector; and Thomas Thorndike, another key practitioner, is noted for cross-border deals and pre-bankruptcy financial restructurings. José Francisco Meier, principal associates Jorge Fuentes and Miluska Gutierrez Vega, and counsel Héctor Zegarra are also key names for financing transactions, while Diego Harman is experienced in corporate and leveraged finance. At the senior associate level, Monica Yrrarazabal joined from Simpson Thacher & Bartlett LLP’s New York office, and Carolina Pérez-Taiman joined after completing her LLM in New York. Jorge Calle left for an in-house role at Intercorp Group.

Responsables de la pratique:

Oscar Arrús


Les références

‘Oscar Arrus and Jorge Fuentes are a unique team in every sense of the word. They are very knowledgeable of the banking and finance practice both in Peru and abroad; their broad experience facilitates the understanding, negotiation and execution of complex transactions.’

‘They are fully committed to their clients and always go the extra mile.’

Principaux clients

Inter-American Investment Corporation


Sumitomo Mitsui Banking Corporation


Bank of America


Credit Suisse


Rabobank


Banco Santander


Banco Interamericano de Finanzas


ICBC


Multibank


The Bank of Nova Scotia


Banco Bilbao Vizcaya Argentaria – BBVA


Agrolmos


Cartavio


Casa Grande


Agroindustrias San Jacinto


Agrícola Chapi


Bank of China


BLADEX


ATP Tower Holdings, LLC


BNP Paribas


Hunt Oil Company of Peru, Sucursal del Perú


Alupar Investimento


JPMorgan Chase Bank


Natixis


Banco de Crédito del Perú


Credicorp Capital Servicios Financieros


Scotiabank Perú


Citibank


Gas Natural de Lima y Callao – Cálidda


Deutsche Bank


Principaux dossiers


  • Advised IDB Invest, as lender and agent, acting on behalf of the Inter-American Investment Development Bank, on a $300m financing granted to Engie Energía Perú.
  • Advised SMBC and BofA Securities, as joint lead arrangers and joint book runners, on a senior unsecured financing granted to Alicorp  and Alicorp Uruguay, for up to the amount of $220m.
  • Advised Credit Suisse, as lead arranger and administrative agent, as well as lenders Credit Suisse, Rabobank, Santander, Banco Interamericano de Finanzas, ICBC and Multibank on an aggregate $210m financing to Agro Vision Corp and Agrovisión Perú.

Miranda & Amado

Miranda & Amado’s banking and finance team remains active and well regarded in the market; it regularly advises on large cross-border transactions for high-profile domestic and international banks and financial institutions, as well as corporate clients. On the transactional side, the practice handles structured finance, loans and project finance and banking-sector M&A, and on the regulatory side, it offers considerable experience in the licensing of local banks. The practice is led by Gabriela Dañino, who brings expertise in cross-border finance and capital markets deals, and also heads the firm’s fintech practice. Juan Luis Avendaño offers strong support in acquisition finance and banking license issues, while Rafael Corzo is a key name for regulatory matters, bankruptcy issues and disputes. José Miguel Puiggros acts for borrowers in corporate and project financing; Enrique Felices handles project financing and capital markets matters; and Alvaro Del Valle advises on syndicated loans and acquisition financing. At the more junior end of the team, Lisbeth Benavides is a key associate, who focuses on corporate and bankruptcy law.

Responsables de la pratique:

Gabriela Dañino


Les références

‘Its technical quality and prestige are unquestionable.’

‘Billiant partners who are very business oriented. Excellent associates. Excellent contacts and industry experience.’

‘They are always in contact with you, very hard working, with a great balance between legal and business concerns.’

Principaux clients

JP Morgan


Citibank


Santander Bank


BBVA, Bank BBVA Peru


Credit Group


Credit Bank


Credicorp Capital


Scotiabank


Rabobank


IFC


IBD


Intercorp


Interbank


DB Capital


Deutsche Bank


natixis


Goldman Sachs


Engie Energy Peru


Beta Agroindustrial Complex


Aceros Arequipa Corporation


Fisheries Exalmar


Aqua Energy


Principaux dossiers


  • Advised Citibank, as arranger and lender, on a syndicated loan facility under New York law granted to Viettel Perú, a subsidiary of the Viettel Group, for an aggregate amount of $200m.
  • Advised Engie Energía Perú in a loan granted by IDB of up to $300m for the development of the Punta Lomitas wind farm, with a capacity of approximately 300MW.
  • Advised a syndicate of banks (Bank of Nova Scotia, Deutsche Bank, JP Morgan and Goldman Sachs), as lenders, on a loan of up to $120m granted to Andean Telecom Partners.

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados fields a large banking and finance team, which is adept at handling domestic and international transactions, loans and financings and acts for both borrowers and lenders. The team is jointly led by founding partner José Antonio Payet and José Cúneo, with Payet advising on corporate finance transactions, securities offerings, securitisations and traditional banking matters, and Cúneo being a key name for financial transactions in the mining sector. Eduardo Vega handles financing and investment funds matters for foreign and domestic clients, while Alan García Nores is noted for financing and regulatory matters. Giovanna García is a key contact for advice on syndicated facilities, and principal associate Rocio Gordillo handles debt and equity transactions.

Responsables de la pratique:

José Antonio Payet; José Cúneo


Les références

‘They are excellent attorneys. They are fast, technically impeccable, proactive.’

‘A very didactic team, with a lot of recognition in the market.’

‘Alan Garcia Nores has a great ability to ensure that all parties are satisfied in a transaction. Writes clearly and does not generate complications in operations for minor issues.’

Principaux clients

Interbank


Scotiabank Perú


Banco de Crédito del Perú


FIBRA Prime


Sociedad Minera Corona


Coöperatieve Rabobank


Bancolombia (Panamá)


Banco Santander


Credicorp Capital Servicios Financieros


Principaux dossiers


  • Acted as legal counsel to a syndicate of banks for a loan granted to Marcobre  for $500m for the repayment of a loan related to the financing of a project.
  • Advised Banco de Crédito del Perú on a loan under the laws of the state of New York, for the amount of $250m in favour of said bank by a syndicate of financial institutions.
  • Acted as legal counsel to Fibra Prime in connection with the club deal financing for up to $39.3m granted by Banco BBVA Perú and Scotiabank Perú to refinance existing indebtedness and finance the acquisition of real estate properties.

Rodrigo, Elías & Medrano Abogados

Rodrigo, Elías & Medrano Abogados has a strong track record in the Peruvian market going back 50 years. Its banking department covers structured finance, trade finance, microfinance, acquisition finance, sovereign debt and derivatives, and it is well versed in cross-border deals. The team, which is led by Jean Paul Chabaneix and fields a number of practitioners who have experience working at top firms in New York, is able to draw on additional strength from the firm's tax practice for support on deals. Chabaneix is a veteran practitioner with experience in project finance, corporate finance, capital markets and regulatory matters, while Fernando Molina offers expertise in financing and venture capital deals and is dual qualified in New York and Peru. Luis Enrique Palacios acts for financial institutions and sponsors on financing matters pertaining to the energy, infrastructure, telecoms and mining industries, while Juan Diego De Vinatea is a name to note for direct and syndicated financing operations. Nicolás Cornejo advises on domestic and international project and corporate financing, as well as regulatory and stock market issues.

Responsables de la pratique:

Jean Paul Chabaneix


Les références

‘Experience, anticipation, commitment to the objective, agile and permanent communication, understanding with the problems of the project.’

‘Juan Diego De Vinatea is responsive and knowledgeable on all aspects of secured financing.’

Principaux clients

Grupo Salud Auna México


Auna


International Finance Corporation (IFC)


Raura Mining Company


LATAM Airlines


Itau


Sumitomo Mitsui Banking Corporation (SMBC)


Cerro Verde Mining Society


Credit Bank of Peru


Santander Bank


Las Bambas Mining


Matheson Tri Gas


Principaux dossiers


  • Acted as counsel to Banco de Crédito del Perú in financing for Linea de Metro 2, the concessionary of Lima’s metro system, on a corporate financing to be used to finance VAT.
  • Acted as Peruvian counsel to International Finance Corporation in the $40m financing granted to Peruvian bank BanBif.

DLA Piper Perú

DLA Piper Perú is well placed to handle multi-jurisdictional transactions by virtue of its broad international network, and often works in tandem with other offices. Under the leadership of Sergio Barboza, who has ‘a solid reputation at the transactional and regulatory level’ and Ricardo Escobar, the practice continues to act for borrower and creditor clients in financings, banking-related corporate work and regulatory matters. It is well versed in deals in the infrastructure, telecoms, energy, mining, and oil and gas sectors, and acts for banks, financial institutions, insurance companies and investment fund managers. Barboza has 20 years of experience in banking and capital markets matters; Escobar acts for foreign and domestic clients on financing transactions; and principal associate Reyna Silva-Santisteban handles a range of contractual, corporate, financial and administrative matters. Juan Carlos Ramírez and Nelly Espinoza are also key contacts at the principal associate level, with Espinoza bringing expertise in regulatory and compliance matters. Associates Farah Torres and Ricardo Mercado are also noted.

Responsables de la pratique:

Sergio Barboza; Ricardo Escobar


Les références

‘We believe DLA Piper is superior to other financial firms we have worked with, as they combine excellence and experience in both transactions and banking regulations.’

‘They efficiently handle any financial matter, including M&A and capital markets, and have a large, highly qualified senior team, and all the lawyers have a very business-focused orientation.’

‘Sergio Barboza has a solid reputation at the transactional and regulatory level. He has led all the strategic transactions of our company and has a very good relationship with the financial authorities.’

Principaux clients

JPMorgan Chase Bank


Goldman Sachs


Oesterreichische Entwicklungsbank (Development Bank of Austria) – OeEB


ING Bank


BlueOrchard


BTG Pactual


Deutsche Investitions- Und Entwicklungsgesellschaft MBH – DEG


Santander Bank


Belgian Investment Company for Developing Countries – BIO


Bank of China


International Finance Corporation – IFC


Bancolombia


Proparco


TMF Group


Itaú Corpbanca


Principaux dossiers


  • Advised on the $3.7bn debtor-in-possession (DIP) financing to LATAM Airlines Group and Qatar Airways Investments.
  • Advised IDB Invest on finance connected with developing social housing projects.
  • Advised Banco Santander Perú and Banco Santander (NY) on a syndicated loan.

Hernández & Cía

The banking and finance team at Hernández & Cía is equipped to advise on domestic and cross-border transactions, including syndicated loans, secured loans, corporate loans and real estate loans, as well as project finance, leveraged finance and leasing arrangements. It acts for top regional and international banks, private investors, insurance companies and private funds and provides ancillary tax support on deals by drawing on strength from its top-tier tax practice. The team, which is jointly led by Juan Luis Hernández, José Manuel Abastos and José Goyburu, includes a number of practitioners who have previously worked at major US-headquartered international law firms. Hernández is a veteran practitioner, who is well known in the market for financing deals; Abastos handles project financing, sovereign financing and capital markets matters; and Goyburu stands out for his knowledge of leveraged financing and distressed debt. Strong senior associate support is provided by Julien Labory-Alicq, who is fluent in Spanish, French and English; he has previously worked in the Paris office of Clifford Chance and is well versed in cross-border transactions. Diego Carrión left the firm in March 2022.

Responsables de la pratique:

Juan Luis Hernández; Jose Manuel Abastos; Jose Goyburu


Les références

‘It has a very solid team in financing matters, they know how to convey the concerns of their clients.’

‘Jose Goyburu is very good at leading teams and operations.’

‘The team was always present at all the most critical moments of the transaction, proposing agile and valuable solutions. Likewise, they managed to ensure that many procedures / reviews that involved other external stakeholders could be carried out in record time and the transaction closed as expected.’

Principaux clients

Scotiabank Peru


BBVA Bank Peru


Credicorp Capital Financial Services


Credit Bank of Peru


BD Capital Fund Management Company


Scotiabank Colpatria


Santander Bank Peru


International Bank of Peru


Itau Corpbanca Colombia


Sojitz Corporation of America


Chubb Peru Insurance and Reinsurance Company


The Bank of Nova Scotia


BTG Pactual Investment Bank


Inter-American Finance Bank


Principaux dossiers


  • Advised a syndicate of Peruvian lenders (Banco BBVA Perú, Banco de Crédito del Perú and Banco Internacional del Perú – Interbank) on a $135m leveraged buy-out and subsequent financing in favour of Talma Servicios Aeroportuarios.
  • Advised Chubb Seguros on a debt restructuring of $151m with the Novonor group (ex-Odebrecht).
  • Advised Sojitz Corporation of America on the $122m refinancing of its Peruvian operating energy subsidiaries (Majes Arcus and Reparticion Arcus) with Sumitomo Mitsui Banking Corporation.

Philippi Prietocarrizosa Ferrero DU & Uria

Philippi Prietocarrizosa Ferrero DU & Uria ‘clearly stands out for its experience’ and is able to ‘draw on the support of other disciplines when necessary’. The team acts for lenders, borrowers and agents in corporate financing, securities transactions, bond offerings, secured and unsecured financings, syndicated lending, securitisations and private equity lending, and advises on both domestic and international deals, drawing on strength from its Ibero-American network. The team is led by Rafael Puiggros, who acts for large financial institutions in the financing of a broad range of projects in Peru, and also handles M&A, while Ronald Fernández-Dávila, another key name for project finance, is active in financings in the pharmaceutical, aviation, real estate, tourism and logistics sectors. Principal associate Luciana Carpio-Rivero acts for foreign and domestic clients in project finance and corporate finance, and senior associate Fiorella Ruiz Del Campo is noted for her expertise in financial regulation, including payment methods and crypto-assets. Ignacio López De Romaña left the firm in July 2022.

Responsables de la pratique:

Rafael Puiggros


Les références

‘They clearly stand out for their experience.’

‘They can draw on the support of other disciplines when necessary.’

‘Extensive knowledge of energy project financing.’

Principaux clients

China Fisheries Group


Phoenix Tower International Perú


Phoenix Tower International Perú II


LATAM Airlines Group  – LATAM


Westfalia Fruit Peru


Medifarma


Talma Servcios Aeroportuarios


BBVA Banco Continental


Banco de Crédito del Perú


Scotiabank Peru


Banco Internacional del Perú – Interbank


Banco de Crédito del Perú – BCP


Medifarma


Principaux dossiers


  • Acting as counsel to the Peruvian subsidiaries of Phoenix Tower (as guarantors) and its shareholders on a credit agreement and the local collateral documents related to the new credit facility with The Bank of Nova Scotia (as Administrative Agent) up to $2bn.
  • Advised LATAM Airlines Group in connection with a loan agreement with Crédit Agricole Corporate and Investment Bank, as facility agent and arranger, and PK Airfinance, as security agent and arranger, on the granting of spare engines as collateral for the transaction by means of a pledge agreement.
  • Advised the Peruvian subsidiary of Westfalia Fruit International (as guarantor) and its shareholders on a multi-currency revolving facility agreement.

Rebaza, Alcázar & De Las Casas

The broad and ‘very solid’ banking and finance practice at Rebaza, Alcázar & De Las Casas showcases ‘the ability to deal with complex issues within demanding timeframes’. On the regulatory and compliance side (where it displays notable strength), the team advises on a full range of matters, from the provisions of the Peruvian National Financial Inclusion Policy to advice on electronic payment processing and associated data matters, as well as handling dispute resolution - including administrative, judicial and arbitral proceedings. On the transactional side, the team is well versed at advising both borrowers and lenders on domestic and cross-border financings (particularly as regards transaction matters across the mining, energy, food, agriculture, retail, education and real estate sectors. A strong bankruptcy and restructuring practice also ensures capability in relation to distressed financings and high-yield companies. The team is co-led by Rafael Alcazar and Daniel Gonzáles, with Alcázar advising on banking and financial regulation, and Gonzáles being a key name for transactions and restructuring. Further partner level input is provided by Luis Miguel Elias who is noted for handling financing deals in the mining sector. At senior associate level, Fiorela Ccahua brings expertise in the securities market while Maite Colmenter primarily acts for investment funds in high-yield deals and special situations. Ana María Sánchez left the firm to move to Colombia in early 2022.

Responsables de la pratique:

Rafael Alcázar; Daniel Gonzáles


Les références

The practice of Rebaza, Alcazar & de las Casas is very solid.

They are quick to react, proactive and always give us insights that are important or that contribute to the structures or negotiations in which they participate.

Its distinctive element is the ability to deal with complex issues within demanding timeframes, and in this they distinguish themselves from the other firms with which we work.

Principaux clients

Fondo MiVivienda


BCP and Credicorp Capital Servicios Financieros


GCS Energy Investments


Capital Center


Peru Sports Rights Management II


Global Sports Rights Management


Total Servicios Financieros Edpyme


JP Morgan Banco de Inversión


Banco BCI Peru


Banco Latinoamericano de Comercio Exterior – BLADEX


Maj Invest Financial Inclusion Fund II K/S


Total Servicios Financieros Edpyme


Banco de Comercio


Servicio de Transferencia Electrónica de Beneficios y Pagos


NovoPayment Group


GM Financial del Perú


Pesquera Hayduk


Principaux dossiers


  • Advised Peruvian state-owned company Fondo Mi Vivienda on a $290m financing granted by JP Morgan.
  • Advised BCP and Credicorp Capital Servicios Financieros -as lender and structuring agent, respectively- on the negotiation and execution of a $25m financing granted to Homecenters Peruanos.
  • Advised Total, as borrower, on the negotiation of several cross-border financing transactions for a total amount of $34.5m.

Rubio Leguía Normand

Rubio Leguía Normand acts for national and international clients in a range of transactional matters, including asset-backed financings and acquisition, corporate and project financings, and also handles regulatory matters. Practice head Andrés Kuan-Veng advises both borrowers and lenders, including investment banks, commercial banks and blue-chip corporations on loans and financing transactions, capital markets deals and regulatory issues. Carlos Arata is another name to note for financing, as well as M&A, while at the associate level, Wilfredo Cáceres, Germán Gómez and Sheerley Cardenas are noted. The team recently underwent a number of personnel changes, including the arrivals of Gerardo Guzmán from BBGS ABOGADOS and dual-qualified (New York/Peru) of counsel Eliana Peláez, from Freshfields Bruckhaus Deringer (Berlin office), in February and September 2023; along with the earlier  addition of senior associate Carlos Cerpa from Lazo Abogados in August 2022. Principal associate Janett Burga departed in May of the same year.

Responsables de la pratique:

Andrés Kuan-Veng


Les références

‘Experience and knowledge that contributes to timely advice.’

‘Available and attentive to observations and queries.’

‘Excellent. Compared to other law firms in Peru, they are one of the best.’

Principaux clients

Banco Santander


Gramercy


Morgan Stanley


Petróleos del Perú – Petroperú


Citibank


Banco Itau Uruguay


Global Bank


Credicorp


Coöperatieve Rabobank


Allianz


Banco Interamericano de Finanzas (Banbif)


Principaux dossiers


  • Advised Petroperú in negotiating three amendments to a $1.3bn export financing granted by eighteen banks.
  • Advised Gramercy, a financial company dedicated to investing in emerging markets based in Connecticut, and Banco Santander Peru in a $40m financing in favour of Masplay and Equinox International (acting as co-borrowers).
  • Advised Itau Corpbanca – NY Branch – and Banco Itaú Uruguay on a $62m financing to Pharmaceutica Euroandina for the acquisition of 100% of the shares of Hersil Laboratorios Farmaceuticos.

CMS Grau

The banking and finance team at CMS Grau is known in the market for its expertise in traditional and syndicated lending, and equity and project finance matters, with a notable roster of clients in the mining, renewables, and oil and gas sectors, among others. Juan Carlos Escudero is a key figure in the department; he handles corporate and banking work and acts for large international banks. Miguel Viale stands out for banking, finance and capital markets work, and Diego Peschiera is a name to note for syndicated loans, debt issues and financing transactions. Juan José Hopkins, who joined from SUMARA Hub Legal in September 2022, brings expertise in fintech and venture capital to the team.

Responsables de la pratique:

Miguel Viale; Diego Peschiera


Les références

‘The lawyers maintain knowledge of the local financial system and the corresponding regulations. They are excellent in response time and efficiency.’

‘Deep knowledge of project finance.’

‘Something that sets them apart is their comprehensive advice. The team works on all types of transactions (projects, corporate lending, capital markets and regulatory matters).’

Principaux clients

FMO


BBVA


Banco Santander


CAF – Development Bank of Latin America


Banco Internacional del Perú – INTERBANK


Mizuho Bank


Credicorp Capital


Scotiabank Peru


Banchile Administradora General de Fondos


Transelec


EDF Perú


Banco Santander


Deutsche Bank


Ernst & Young (EY)


Boart Longyear


Principaux dossiers


  • Advised Scotiabank Perú and Banco Santander Perú on the medium-term structured financing for $41m in favor of Exportadora Frutícola del Sur.
  • Advised CAF and DEG on the preparation and negotiation of agreements and corporate documents under Peruvian law necessary to materialise the prepayment of financing granted to La Virgen S.A.C. in 2017.
  • Advises Volcom Capital, which developed as a major financier of Arte Express and was awarded 16 office buildings in downtown Lima for $60m.

Cuatrecasas

Cuatrecasas continues its upward trajectory in the Peruvian market and has recently taken on new corporate clients; it works in tandem with other offices in the firm’s broad global network for support on cross-border deals. The practice is led by Aldo Reggiardo and focuses on acquisition and corporate finance, refinancing and restructuring, direct lending and project finance. Reggiardo has notable experience in complex structured finance deals and handles project finance deals in the infrastructure, energy and mining sectors. Kiomi Osorio, who was promoted to partner in April 2022, is a key contact for financing regulation, capital markets deals, financial transactions and corporate law matters. Carlos Lasarte relocated to the firm’s Madrid office and Ana María Sánchez relocated to the firm’s Bogota office at the start of 2022.

Responsables de la pratique:

Aldo Reggiardo


Principaux clients

Agencia de Promoción de la Inversión Privada – PROINVERSIÓN


San Martin Contratistas Generales


BTG Pactual


Textil del Valle


Inversiones TDV


AESA


PRIM PERU TECHNOLOGY


Principaux dossiers


  • Advised Agencia de Promoción de la Inversión Privada on determining the guaranteed indebtedness permitted under a concession agreement.
  • Advised San Martin Contratistas Generales on obtaining a new tranche of the loan granted by Banco BTG Pactual (Cayman Branch), guaranteed by a cash flow trust and an asset trust.
  • Advised BTG Pactual on granting a loan to Ricardo Palma Rentas, a company controlled by estate investment fund CCLA Desarrollo and Rentas Urbanas, to build the Ricardo Palma Real estate project.

De Bracamonte - Haaker - Castellares

The banking and finance group at De Bracamonte - Haaker - Castellares handles a broad range of issues, including corporate finance, project finance, real estate finance and the issuance and placement of debt securities, regularly acting for both borrowers and lenders. The practice is jointly led by Ricardo Manuel Haaker Yori, who acts for local and international clients on corporate financing and bond issuances and Christian Castellares Alfaro, who is active in project bond financings, and public and private issuances of asset-backed securities. Senior associate Luis Fernando stands out for his knowledge of banking, finance, corporate and real estate law.

Responsables de la pratique:

Ricardo Manuel Haaker Yori; Christian Castellares Alfaro


Les références

‘They are proactive and very involved in the business, and their real estate areas are very involved in due diligence, in which they stand out from other offices.’

‘They all have extensive experience in financing and know when to go to the appropriate expert in the specialty during due diligence.’

Principaux clients

Allianz Em Loans


Cordiant VIII Agricultural Real Asset Debt


Coöperatieve Rabobank


Desarrollo Inmobiliario FG


Corporación Agrolatina


Ecopacking Cartones


Principaux dossiers


  • Acting as the legal advisor of Allianz Em Loans and Cordiant VIII Agricultural Real Asset Debt on the negotiation and execution of the guarantees granted regarding a long-term loan extended to an agriculture company.
  • Acting as the legal advisor of Coöperatieve Rabobank on the granting of long-term loans to several agriculture companies in the Republic of Peru.
  • Acted as the external legal counsel of Corporación Financiera de Desarrollo – COFIDE on the framework of the amendment and restructuring of a multi-tranche term loan.

Dentons Peru

The banking and finance team at Dentons Peru received a significant boost in 2022, with the arrival of Ignacio López De Romaña and senior associate Augusto Ibérico from Philippi Prietocarrizosa Ferrero DU & Uria. Key clients of the department include lenders and borrowers, such as banks, financial institutions, insurance companies, multilateral agencies and corporations, and core areas of focus include financial transactions and regulatory matters. López now heads the team alongside Julio Gallo and is active in financing transactions, acting for foreign and domestic clients in bilateral and syndicated loans and lines of credit, while Gallo is recommended for corporate finance and M&A. Ibérico is experienced in cross-border financing operations and counts a number of fintech companies among his clients.

Responsables de la pratique:

Ignacio López de Romaña; Julio Gallo


Principaux clients

Banco do Brasil


Oikocredit Ecumenical Development Cooperative Society


Metropolitan Life Insurance Company


Inversiones Yarabamba


Credit Agricole


Natixis


Apple Bank For Savings


China Construction Bank (Asia) Corporation


DEVA


EDPYME GMG


GMG Comercial Perú


Principaux dossiers


  • Advised Inversiones Yarabamba on a new trade finance loan granted by Allianz EM Loans and Cordiant Agricultural Real Asset Debt for up to $36.7m.
  • Advised Banco do Brasil on five promissory notes, as collateral for loans accepted by Diveimport for $29m.
  • Assisted Metropolitan Life Insurance Company (METLIFE) on a new loan to Beta, a major agricultural company in Peru, for $110m.

Lazo Abogados

The banking and finance team at Lazo Abogados offers strong regulatory expertise and represents clients before the central bank and the banking and capital markets regulators. On the transactional side, the practice handles syndicated loans, securitisations, subordinated credits and financings, and is no stranger to cross-border deals. Following his June 2023 arrival from Porto Legal, the practice is led by finance and technology specialist Luis Ernesto Marin , whose remit will also cover insurance and capital markets matters. Addtional senior input is provided by founding partner Jorge Lazo (banking, finance and capital markets matters), and dual-qualified (Peru and Chile) corporate and M&A partner Vanessa Lamac (commercial, financial and civil law), with the team acting primarily for banks, borrowers and insurance companies. However, Claudia Tavara left for an in-house role at Sodimac in March 2022; while Daniel Lovon and Fátima De Romaña left in July 2023, and Freddy Escobar the following month.

Responsables de la pratique:

Jorge Lazo; Fátima De Romaña; Freddy Escobar; Daniel Lovon; Vanessa Lamac


Les références

‘Its experience and knowledge of regulation and the practices of the regulator are undoubtedly very prominent in the Peruvian financial legal market.’

‘Jorge Lazo, with whom we maintain a direct relationship, is a benchmark in the financial legal industry, an expert in financial structuring and stands out not only for his extensive knowledge but also for his closeness and availability to understand the different problems that arise in business and always looks for a more efficient way out.’

‘Team of top-level professionals, who not only approach queries from a legal point of view, but also make a comprehensive evaluation of the queries.’

Principaux clients

Grupo Patio


Grupo Wiese


Advance Global Capital


Banco Santander


Banco Pichincha


Banco Alfin (former Banco Azteca)


Mi Casita Empresa de Crédito


EFIDE Cooperativa de Ahorro y Crédito


Blanco Sociedad Administradora de Fondos de Inversión


Goldman Sachs


Grupo Financiero Coril


Fibra Prime Fondo Fibra


Principaux dossiers


  • Advised Pacífico on the negotiation of two ISDA master agreements with two international banks.
  • Advised Interbank on the structuring and negotiation of a loan granted to La Tinka.
  • Advsed Caja Huancayo Financiera regarding the incorporation, as a shareholder, of Inter-American Development Bank (IDB).

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados

With Sergio Oquendo at the helm, Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados continues to advise on banking, corporate finance, project finance, capital markets and insurance matters on behalf of high-profile companies and banks. Oquendo has a strong track record in cross-border financing, capital markets deals and corporate acquisitions, while Guillermo Flores is highlighted for regulatory matters and energy-related acquisitions. Rocío Izquierdo is a key contact for capital markets matters and senior associate Alesandra Azcárate is experienced in cross-border banking and corporate transactions.

Responsables de la pratique:

Sergio Oquendo


Principaux clients

China Yangtze Power


China Three Gorges Corporation


Banco BBVA Perú


Banco de Crédito del Perú


Scotiabank del Perú


Citibank del Perú


Insigneo Securities


U.S. Bank


Citibank


N.A Marsh Rehder


Credit Suisse


Wilmington Trust


Principaux dossiers


  • Advised Banco BBVA Perú and Scotiabank Perú, as lenders, and Scotiabank Perú, as administrative and collateral agent, of a secured syndicated loan.
  • Advised Banco BBVA Perú, as lender, in the financing granted to Pesquera Ninfas del Mar, as borrower, for the repayment of financing obtained by the borrower for an acquisition.
  • Advised Scotiabank Perú, as lender, on the financing granted to Inversiones Arica and La Reserva, as co-borrowers, for the financing of a new project.