At Estudio Echecopar member firm of Baker McKenzie International, the banking and finance department counts an impressive range of domestic and international companies, including investment banks, among its clients. The team stands out for its expertise in regulatory work, often pertaining to alternative payment systems, and also regularly advises on syndicated loans, corporate finance, financings and refinancings. The practice is led by Pablo Berckholtz, who frequently assists global banks on derivatives and repurchase transactions. Marco Alarcón advises on liability management and real estate financing, while Juan Carlos De Los Heros
is reputed for his skill in trusts and project bonds. Alonso Miranda’s core areas of focus include the structuring of complex debt instruments and securitisation. At the senior associate level, Adrian Tovar is active in bilateral and syndicated financing, and public and private offerings of securities.
Banking and finance in Peru
Estudio Echecopar member firm of Baker McKenzie International
Practice head(s):
Pablo Berckholtz
Testimonials
‘They are a team specialised in banking and finance, each one with expertise that complements the team as a whole.’
‘We recommend the team for their expertise and the efficient solutions provided by Marco Alarcón and Paolo Robilliard.’
‘They are an excellent practice, which seeks to provide effective and high-quality advice.’
‘Alonso Miranda stands out for seeking to ensure that transactions progress and that all parties benefit.’
‘The team is proactive and available. The partner who serves us understands what we need and executes operations with clarity and proactivity.’
‘Alonso Miranda has good knowledge of the industry and is proactive.’
‘The lawyers have extensive experience, they also have great training and the ability to broadly analyse the requirements, going beyond what is required and managing to provide a response that is understandable to anyone and in an appropriate time.’
‘Excellent quality service and highly professional people with solid values.’
Key clients
DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main
Landesbank Baden-Württemberg
Scotiabank Peru
CFGInvestment
Inter-American Development Bank
Banco de Desarrollo de América Latina y el Caribe – CAF
Banco Santander Perú
BBVA Securities
BofA Securities
Credicorp Capital Servicios Financieros
Wells Fargo Bank, National Association
MUFG Bank
JPMorgan Chase
Bank of America
HSBC Bank USA
Standard Chartered Bank
Coöperatieve Rabobank
Work highlights
- Advised Banco BBVA Peru and BBVA Securities in connection with a loan agreement of $345m granted to Skanon Investments for the acquisition of Martin Marietta Southern California Cement.
- Advised Banco Santander, as lead arranger, and Citibank, as administrative agent, in connection with a credit facility granted to GIP EM Dragon Luxco to fund the purchase price for the acquisition of 50% of the equity interest in Trabajos Maritimos.
- Advised Citibank, JP Morgan Chase Bank, Banco de Chile and Itaú Corpbanca, as lenders, in connection with a credit facility of $240m granted to Inversiones Gloria Chile for the acquisition of 100% of the issued and outstanding shares of New Zealand Milk (LATAM).
Garrigues
The banking and finance team at Garrigues handles structured finance, project finance and corporate deals, in addition to offering regulatory expertise. With a notable track record in transactions in the healthcare, energy and industrial sectors, the firm is a popular choice for major national and global banks, as well as various financial sponsors. Oscar Arrús spearheads the department and advises borrowers and international financiers on corporate and structured financings. Sergio Amiel is recognised for his work in energy-related financing, while Thomas Thorndike covers capital markets regulation and pre-bankruptcy financial restructurings. José Francisco Meier’s practice extends to structured finance transactions, while Diego Harman handles leveraged finance and hybrid financings. At the principal and senior associate levels, Jorge Fuentes assists clients with the local and global issuance of securities, Miluska Gutierrez concentrates on derivatives and fintech matters, and Carolina Pérez-Taiman works on corporate deals in the infrastructure sector. Counsel Héctor Zegarra is another key practitioner to note.
Practice head(s):
Oscar Arrús
Testimonials
‘We have been working with Garrigues for many years. They are leaders in the market and can carry out any transaction.’
‘Thomas Thorndike has led the team in charge of our transaction, and with his excellent work he has brought our financing transactions forward. Miluska Gutierrez is an excellent lawyer who does not make mistakes.’
‘They are knowledgeable and experts in the field, especially in complex transactions.’
‘Diego Harman, Thomas Thorndike and Jose Francisco Meier are stand-out team members.’
‘Thomas Thorndike is a first-class professional.’
‘I have worked with the team in specific circumstances, and they are solid and well-coordinated. Their strength has been demonstrated through the outcome of the work, which illustrates a collaborative team effort.’
‘The Garrigues team has provided us with excellent service for many years on a variety of banking and capital markets issues. They work efficiently and are collaborative with other parties to the transaction, which improves the transaction closing process. They have a very complete team, including very strong women in their specialisations.’
‘They are professionals attentive to the particular needs of their clients. They respond quickly, clearly and accurately. Thomas Thorndike and Miluska Gutierrez are excellent attorneys!’
Key clients
Bank of China
Bank of Communications
China Minsheng Banking
Shanghai Rural Commercial Bank
Scotiabank Peru
Andean Telecom Partners
Gas Natural de Lima y Callao (Cálidda)
Banco Santander
Banco BTG Pactual
Metro de Lima Línea 2
Citibank del Peru
Banco Interbank
Empresa de Generación Huallaga
Sumitomo Mitsui Banking Corporation
Banco de Crédito del Peru
Prudential Private Capital
IMI Fuels
Banco BCI Perú
Work highlights
- Advised Enerflex Services Perú in connection with a $850m financing granted to Enerflex, and a $625m notes issuance by Enerflex.
- Advised IMI FUELS and its affiliates in connection with a financing transaction for $650m, obtained from a group of financial entities that included Citizens Bank as agent and lender.
- Advised Citigroup, HSBC, and Banco Santander in a $550m bank financing transaction for AUNA and Grupo Salud Auna Mexico.
Miranda & Amado
The well-rounded banking and finance practice at Miranda & Amado continues to attract a range of local and international clients, including top global banks, financial conglomerates, investment banks and corporations. With both regulatory and transactional expertise, the firm’s scope of work covers project finance, banking-sector M&A, the licensing of local banks and structured finance. Notably, the department often works in tandem with the firm’s tax practice to handle complex deals. Gabriela Dañino spearheads the group, bringing strong fintech and project finance expertise. Juan Luis Avendaño is reputed for his experience in acquisition financing structures and offerings of debt instruments, while Rafael Corzo’s core strengths include banking regulation and bankruptcy proceedings. José Miguel Puiggros assists clients with the structuring of various financing transactions, as well as public exchange offers, and Enrique Felices focuses on multilateral and corporate financing and infrastructure project financing. Alvaro Del Valle advises on syndicated loans and the public and private offering of marketable securities, while associate Lisbeth Benavides covers project finance matters.
Practice head(s):
Gabriela Dañino
Testimonials
‘Closeness, availability, experience and treatment are the qualities that I highlight about the firm. We worked a lot with Álvaro del Valle and recently we also had a very favorable experience with Gabriela Dañino.’
‘Knowledge of certain industries, relationship with the bank, and availability are the attributes that I consider most valuable and that I can find in the Miranda & Amado team.’
Key clients
JP Morgan
Citibank del Perú, Citibank
Banco Santander, Banco Santander Perú
BBVA, Banco BBVA Perú
Grupo Crédito, Banco de Crédito del Perú, Credicorp Capital
Bank of Nova Scotia, Scotiabank Perú
Rabobank
IFC, IBD, CAF, DEF, KFW, PROPARCO, DFC, CIFI, BID Invest
Intercorp, Interbank
BD Capital
Deutsche Bank
Natixis
Goldman Sachs
Engie Energía Perú
Complejo Agroindustrial Beta
Corporación Aceros Arequipa
Pesquera Exalmar
Global Infrastructure Partners
Work highlights
- Advised Global Infrastructure Partners on the financing granted by a group of banks to partially finance the acquisition of 50% of the shares of Trabajos Marítimos.
- Advised Natixis, as an agent, in relation to the renewal of the borrowing base facility granted by a group of financial entities in favour of Trafigura Peru, up to the amount of $650m.
- Advised Natixis, as an agent, and Natixis and Banco de Crédito del Perú, as lenders, on the syndicated financing granted in favour of IXM Trading Peru, up to the amount of $260m and by means of the subscription of an uncommitted borrowing base facilities agreement.
Payet, Rey, Cauvi, Pérez Abogados
At Payet, Rey, Cauvi, Pérez Abogados, the highly skilled banking and finance team advises leading domestic and local banks, as well as borrowers and guarantors. The group specialises in the structuring of complex financial transactions, medium- and long-term loans, syndicated loans, and the offering of shares and bonds. Finance experts José Antonio Payet
and José Cúneo jointly lead the practice, with Payet handling the acquisition and sale of public and privately held companies, and Cúneo specialising in environmental and mining transactions and the financing of natural resources projects. Giovanna García concentrates on structuring financial transactions through syndicated facilities and capital markets, and principal associate Rocio Gordillo has notable experience in investment and mutual funds.
Practice head(s):
José Antonio Payet; José Cúneo
Key clients
Interbank
Scotiabank Perú
Banco de Crédito del Perú
Atracciones Coney Island
Consorcio Hotelero Global del Perú
Coöperatieve Rabobank
Algeciras Inversiones
Banco Santander
Credicorp Capital Servicios Financieros
China Development Bank
Minera Boroo Misquichilca
Boroo
Work highlights
- Advised the Hong Kong branch of China Development Bank in connection with a facility agreement for up to $200m granted to Banco BBVA Perú.
- Advised Sierra Metals, Dia Bras Mexicana and Dia Bras Perú, as co-borrowers, in connection with the amendment and restatement of the $100m financing originally granted in 2019 by Banco de Crédito del Perú and Banco Santander Perú.
- Advised Minera Boroo Misquichilca in a financing for up to $95m, granted by Asahi Refining Canda and Asahi Refining, by way of a prepayment of gold to be delivered by the client to Asahi.
Rodrigo, Elías & Medrano Abogados
Highly experienced across the gamut of banking and finance matters, Rodrigo, Elías & Medrano Abogados acts for an impressive roster of clients, including major global banks and foreign export credit agencies. The scope of work covered by the team includes structured finance, acquisition finance, derivatives, trade finance, as well as a growing microfinance offering. Jean Paul Chabaneix
oversees the work within the department and covers project finance and high-value M&A deals for clients in the agribusiness, telecoms and electricity sectors. Fernando Molina
demonstrates skill in advising multilateral entities on infrastructure and energy project financing, as well as public takeover bids, while Luis Enrique Palacios frequently represents sponsors in the development of mining projects. Nydia Guevara is noted for her know-how in securities issuances and derivatives, and Nicolás Cornejo assists clients with regulatory issues. Juan Diego De Vinatea is reputed for his experience in the structuring of international M&A deals. Senior associate José Villafuerte handles the negotiation and structuring of corporate loans, in addition to the issuance of debt instruments.
Practice head(s):
Jean Paul Chabaneix
Testimonials
‘They have a very solid financial team, and also very integrated and coordinated with the other areas that normally intersect in a financing operation (tax, corporate, regulatory, etc.).’
‘Fernando Molina is very clear in his ideas, creative in finding solutions, and is always oriented to ensuring that the objectives are met. Nydia Guevara is very knowledgeable about the capital markets in Peru, particularly the regulatory part.’
‘The finance team has consistently provided pointed, timely and practical advice and high-quality work product and have been a pleasure to work with. We would recommend Luis Enrique Palacios, in particular.’
‘The firm is a powerhouse. Their level of delivery is superb, and they constantly demonstrate levels of excellence rarely seen in the market.’
‘Jean Paul Chabaneix has accompanied us in the most emblematic, complex and significant deals of the group in the region. He stands out for his business acumen and excellent responsiveness and availability.’
‘I work with Luis Enrique Palacios. His knowledge of the law and of international lending documents is unmatched. His advice is clear and responsive, and he makes everything go smoothly.’
‘The level of professionalism of the REM studio is unique in Peru. Their level of attention is equivalent to large American firms where every detail counts; every negotiation is vital; and each communication receives the same care. It sits head and shoulders above the other firms in Peru for these qualities. I really highlight the level of attention that each partner has throughout the transaction. Not only at the beginning and at the end, but also during the negotiation.’
‘We recommend Nicolas Cornejo, who routinely demonstrates a level of care and direct involvement with each transaction. I easily consider him the best lawyer for banking in Peru. The firm’s level of preparation is unmatched, as is their way of adapting to each situation and work method. He is the only partner in Peru whom I would recommend for loans.’
Key clients
International Finance Corporation
Inter-American Development Bank
Macquarie Asset Management
Corporación Andina de Fomento – CAF
Société Générale
Banco BBVA Perú
JP Morgan Chase
HSBC UK Bank
Banco Santander
Fortress Credit Corp
Banco de Sabadell, Miami Branch
Minera Las Bambas
Barrick Gold Corporation
Latam Logistic Per Propco Lurin I
Gases del Pacifico
Goldman Sachs
Coöperatieve Rabobank
DNB Bank ASA
Banco Interamericano de Finanzas – BANBIF
Banco de Crédito del Perú
Work highlights
- Advised various banks including DNB Bank ASA and Banco Santander, as lenders, lead arrangers and joint bookrunners, in connection with the senior secured syndicated credit facilities in an aggregate principal amount of up to $150m granted in favour of Pesquera Exalmar.
- Advised BBVA Peru, Banco Santander and Banco de Sabadell in a $150m credit facility granted to the concessionaire of the Metro de Lima Línea 2 Project.
- Advised JP Morgan Chase in connection with two lines of credit granted to Peruvian Fondo Mivivienda, the first line for PEN551m and the second for $150m.
DLA Piper Perú
Leveraging the firm’s global presence, DLA Piper Perú undertakes an impressive amount of cross-border work, and regularly collaborates with its offices across Latin America. The banking and finance department is engaged in debt acquisition deals, collateral and security structuring, fintech matters and innovative financing solutions, such as sustainable and socially responsible financing. The department is jointly led by co-managing partner Sergio Barboza, who frequently represents private equity funds and banks in mezzanine loans and restructurings, and managing partner Ricardo Escobar, who handles financing projects in the telecoms, investment and infrastructure industries. At the principal associate level, Reyna Silva-Santisteban focuses on the financial structuring of public and private infrastructure projects, while Juan Carlos Ramírez advises companies on acquisitions, and Nelly Espinoza assists NGOs and multilateral entities on sustainability-related financings. Senior associate Farah Torres concentrates on regulatory advice and debt issuances, while associate Ricardo Mercado works on corporate loans. Junior associate Alexandra del Rio is noted for her work on capital reorganisations.
Practice head(s):
Sergio Barboza; Ricardo Escobar
Testimonials
‘DLA Peru’s banking & finance team is excellent, for several reasons. First, it is made up of about 7-8 lawyers, all senior, who are trained to lead and close complex and sophisticated transactions. Then, they are experts in both transactional matters and banking regulation. Finally, we like to work with them as they become involved in our processes and our objectives, becoming strategic allies in decision making.’
‘Although they are all top level, I highlight Ricardo Mercado in transactions and Farah Torres in financial regulation, both very experienced and committed, in addition to Sergio Barboza, who leads the banking & finance team.’
‘We appreciate their collaboration, synergy with other teams, and speed of response.’
‘Experience and availability to attend to matters.’
‘Ricardo Mercado is proactive, concise, available and practical.’
‘We’ve had a fantastic experience working with the DLA Piper Lima team on a highly complex and protracted transaction. DLA team’s support has been of the essence to maintain the momentum, to help find solutions when we’ve hit roadblocks and to instill calm and order into a process that has been overly complex and unpredictable from the get-go.’
‘I have worked for years with Sergio Barboza and Nelly Espinosa, in a variety of matters. Their availability is unparalleled, their business acumen and approach to transactions is very valued. Their market knowledge and understanding of the regulatory intricacies has made the difference between deal or no deal, in more than one transaction. Worth noting that Sergio and Nelly are an excellent team, they complement each other’s work superbly and they are highly coordinated.’
Key clients
Oesterreihische Entwicklungsbank (Development Bank of Austria) – OeEB
BlueOrchard
BTG Pactual
Deutsche Investitions – Und Entwicklungsgesellschaft MBH – DEG
Belgian Investment Company for Developing Countries NV/SA- BIO
Bank of China
Itaú
Finance in Motion
Common Fund for Commodities
Inter-American Investment Corporation – IDB Invest
Operadora Peruana de Cines S.A.C. – Cinépolis Perú
Corporación Andina de Fomento -CAF
Royal Bank of Canada
Corporación Interamericana para el Financiamiento de Infraestructura CIFI
Itaú Chile
Peru LNG
Conservation International Foundation
Cámara de Compensación Electrónica
Financiera Efectiva
Work highlights
- Advised Cámara de Compensación Electrónica on implementing the Interoperability in Payment Services initiative, a project that transforms the Peruvian financial system.
- Advised IDB Invest on industrial and agricultural investment financing.
- Advised Royal Bank of Canada on a pledge on shares as part of a collateral package for credit agreement.
Hernández & Cía
Acting for domestic and international clients alike, Hernández & Cía’s banking and finance group offers an interdisciplinary approach by collaborating with the firm’s tax department. The firm is well placed to advise on project finance and syndicated, corporate and real estate loans. Notably, the department is often instructed as counsel for several leading national banks. The team is jointly led by the experienced Juan Luis Hernández
, who handles complex national and global financial transactions, and José Goyburu, who covers leveraged financing and distressed debt matters. José Manuel Abastos regularly advises international companies on sovereign financing and capital markets. At the senior associate level, Julien Labory-Alicq assists clients with debt funds and securitisation, while Andrea Limón works on corporate M&A deals.
Practice head(s):
Juan Luis Hernández; Jose Goyburu
Testimonials
‘The involvement in each transaction and the level of attention to detail that the team manages is a differentiating factor. They manage to understand and transmit the client’s need and urgency, without losing sight of legal protection in negotiating transactions. Order and organisation are also reflected in the management of transactions and implementation of virtual tools.’
‘José Goyburu is highly involved in the transaction, being clear about the details and taking part in most of the meetings. In situations of discussion or deadlock, he successfully proposes solutions that favor the interests of his clients and benefit the transaction. Andrea Limón is great at handling transactions and is able to transmit ideas and messages clearly. Andrea and Jose make up a great team, which achieves satisfactory results in complex transactions in challenging situations. Without a doubt, they are stand-outs in the financing negotiation market.’
‘The personalised service, dedication to the client, understanding the crisis and responding on time and in all circumstances stands out, in addition to the ability to incorporate other areas of support if necessary and evaluate different angles.’
‘We recommend Luis Hernandez and Julien Labory for their sense of urgency, empathy, and skills.’
‘Knowledge of the sector and clarity to explain the issues. Likewise, the response speed is satisfactory without sacrificing the quality of the analysis. Very well connected in the Peruvian market with different government agencies and other investors operating in the country.’
Key clients
Scotiabank Perú
Banco BBVA Perú
Credicorp Capital Servicios Financieros / Banco de Crédito del Perú
BD Capital Sociedad Administradora de Fondos
Scotiabank Colpatria
Banco Santander Perú
BTG Pactual Perú
Banco Bci Perú
Itaú Colombia
Banco Interamericano de Finanzas – Banbif
Work highlights
- Advised Banco Interamericano de Finanzas – BanBif, on a financing operation for up to $28.5m in favour of Agualima.
- Advised a syndicate of lenders formed by Banco Santander Perú, Scotiabank Perú and BD Crédito SOFOM on a financing operation of up to $28.5m in favour of Pieriplast.
- Advised Scotiabank Perú and Banco de Crédito del Perú on a medium and short-term financing granted to Icatom for an aggregate amount of up to $18m.
Philippi Prietocarrizosa Ferrero DU & Uria
With expertise across the logistics, agribusiness and tourism industries, Philippi Prietocarrizosa Ferrero DU & Uria illustrates skill in both the transactional and regulatory elements of its banking and finance practice. The firm undertakes a mix of local and cross-border work, including syndicated loans, project finance and structured finance deals. Recently, the department has expanded its financial derivatives and sustainable finance focus. The offering is led by Rafael Puiggros, who handles various cross-border projects and issuances. Puiggros is ably supported by the experienced Ronald Fernandez Dávila, who assists financial institutions with bond issuances and syndicated loans, and Antonio Guarniz, who concentrates on equity issues, debt instruments and investment funds. At the principal associate level, Sergio Rodriguez advises on corporate finance and sovereign debt, while Luciana Carpio-Rivero is engaged by private investors and global financial corporations.
Practice head(s):
Rafael Puiggros
Testimonials
‘A very complete and interdisciplinary team, always close to the operation and time responsive.’
‘Rafael Puiggrós provides excellent opinions, Sergio Rodriguez is attentive and hardworking, and Ronald Fernández-Dávila is very skilled and an excellent negotiator.’
‘The team consists of lawyers who understand project development with a focus on financing them and achieving disbursements. They understand the energy market.’
‘Full availability 24/7 to respond to negotiation requirements. Partners are heavily involved in the process.’
‘The team is professional, with strengths in experience, knowledge, commitment, and speed. I consider it to be a top-level law firm, with criteria for its billing, a very good relationship with its clients, diversified in its advice, always attentive to collaborating with innovative ideas.’
‘Experience, academic ability and great commitment to the client.’
‘They are diligent, the response and interaction with the client is fast, and they have vast knowledge and experience on the subject. They comply with delivery times.’
‘PPU has a solid team, both in legal and market knowledge, as well as in its business vision. It differs from other firms in the quality of its analysis, considering the demanding times that a transaction handles. Diversity is one of the issues that PPU encourages. I understand technology is another of its key factors.’
Key clients
Burlington Loan Management
Monarch Det Recovery Master Fund
HSBC Bank
Medifarma
Visiva
Megacentro Lurín
Coöperatieve Rabobank
Banco BCI Perú
Megacentro Industriales Sur
Banco de Crédito del Perú
Banco General
QMC Telecom
Banco BBVA Perú
Banco de Crédito del Perú
Scotiabank Perú
Banco Internacional del Perú – Interbank
Work highlights
- Advised the club lenders in two different issuances of secured notes by CFG Investment (CFGI), as part of a debt restructuring and structured finance deal.
- Acted as counsel to Medifarma in obtaining a senior secured facility of up to $160m granted by a bank syndicate.
- Acted as counsel to Visiva in the preparation and negotiation of a syndicated loan agreement and related guarantee documents, entered into with Scotiabank Perú, Banco Santander Perú and Banco Interamericano de Finanzas.
Rebaza, Alcázar & De Las Casas
Rebaza, Alcázar & De Las Casas remains a dominant force in the banking and finance arena, and regularly advises top domestic and foreign banks and investors. With demonstrable expertise in regulatory matters, the group also handles international financing deals and syndicated sustainable loans. Elsewhere, the firm advises on distressed finance transactions and project finance. Rafael Alcázar guides investment firms and banks through banking regulation and securitisation matters, and leads the team alongside Daniel Gonzáles, who is well versed in restructuring and M&A deals across the Latin America region. José Jiménez’s areas of focus include business restructuring, spin-offs and corporate reorganisations, as well as the acquisition and sale of companies in bankruptcies. Counsel Maite Colmenter specialises in the financing of infrastructure projects, while senior associate Valeria Sánchez showcases strength in asset securitisation, corporate financing and financial regulation.
Practice head(s):
Rafael Alcázar; Daniel Gonzales
Testimonials
‘The firm has a multidisciplinary team with professionals specialising in the fields where they are developed. In my particular case I have the opportunity to work with Rafael Alcazar, who is a top-rate professional.’
‘The team consists of experienced specialists.’
Key clients
Aligned Data Centers, LP Odata Perú
Odata Perú
Creditors of Atento Luxco 1
Creditors of Teleatento del Perú
Peru Frost
Fondo MiVivienda
Volcan Compañia Minera and Glencore
Camposol
Camposol Holding
San Fernando
Pesquera Hayduk
Stonepeak Infrastructure Partners
1190 Sports
Banco Latinamericano de Comercio Exterior
Total Servicios Financieros Edpyme
Banco de Comercio
GM Financial del Perú
Work highlights
- Advised Aligned Data Centers, as borrower, on a $1bn loan, granted by a syndicate including Deutsche Bank New York, for the acquisition of ODATA Group.
- Advised Atento Luxco 1 and Atento Peru creditors in a multimillion-dollar exit financing, as a condition to Atento’s financial restructuring plan negotiated with an ad-hoc group of creditors.
- Advised Volcan Compañia Minera, as the shareholder of 40% of COSCO Shipping Ports and borrower, in the negotiation of a multimillion-dollar cross-border loan, for the construction of Chancay Multipurpose Port Terminal.
Rubio Leguía Normand
At Rubio Leguía Normand, the well-established banking and finance team is engaged by domestic and international clients, including both borrowers and lenders. The firm is well placed to advise on asset-backed financing, acquisition and export financing, leasing facilities and regulatory concerns. Andrés Kuan-Veng balances a broad practice, covering public and private securities offerings in the international arena, as well as project finance in the energy and infrastructure sectors. Gerardo Guzmán offers know-how on corporate and insolvency matters, while consultant Eliana Peláez handles corporate finance and capital markets work, particularly within the energy and mining industries. Following the August 2024 departure of former principal associate Wilfredo Cáceres, Sheerley Cárdenas (who focuses on corporate finance and M&A transactions) is the key associate contact.
Practice head(s):
Andrés Kuan-Veng
Key clients
JP Morgan
Banco Santander Peru
Banco de Crédito del Perú
Credicorp Capital Sociedad Titulizadora
Banco Internacional del Perú
Bank of Nova Scotia and Bank of Montreal
Bank of America
Banco General de Panamá
Citibank del Peru
Banco Davivienda (Colombia)
Work highlights
- Advised Bank of Nova Scotia and the Bank of Montreal on the amendment of an existing $500m revolving sustainability-linked credit line for Pan American Silver, increasing it to $750m.
- Advised Banco Santander Peru on granting a syndicated loan and a revolving line of letters of guarantee totalling $125m to San Martín Contratistas.
- Advised Petroperú on securing a $330m loan agreement with Banco Latinoamericano and Deutsche Bank.
CMS Grau
In the banking and finance arena, CMS Grau is recognised for its experience in financing projects in the renewable energy, oil and gas, mining and retail industries. Leveraging its international network to undertake cross-border deals, the firm advises on traditional lending, equity funds and trusts, and often liaises with its tax and regulatory teams. The offering is co-led by Miguel Viale, who concentrates on complex international transactions involving collateral structures and financing, and project finance in the hydroelectric sector, and Juan José Hopkins, who assists start-ups with fintech, venture capital and seed funding matters. Diego Peschiera is noted for his work on syndicated loan operations and the structuring of medium-term financing. Senior associate Cinthia Canepa handles the drafting and negotiation of financial contracts, while associate Andrea Paiba advises on general corporate law matters.
Practice head(s):
Miguel Viale; Juan José Hopkins
Testimonials
‘Willingness to answer queries, openness to the discussion of legal aspects that could have different interpretations and protection of the interests of their clients.’
‘Miguel Viale is an outstanding lawyer.’
‘CMS Grau is always committed to the client, and they assume responsibility with a sense of urgency.’
‘The preparation, availability, humility and people skills of the team are excellent, and we would recommend Miguel Viale and Juan José Hopkins in particular.’
Key clients
Scotiabank Peru
BBVA
Banco Santander
CAF – Development Bank of Latin America
Banco Internacional del Perú – INTERBANK
IBM del Perú
Credicorp Capital
Glencore International
Banchile Administradora General de Fondos
Transelec
Aleatica
Schlumberger
Inkaberries
Boart Longyear
Pangeaco
Minera Caraveli
La Fiduciaria
Power Pay
Deutsche Bank
BanBif
Work highlights
Cuatrecasas
With offices across Latin America, the expanding banking and finance practice at Cuatrecasas is well positioned to handle cross-border work, including refinancing, direct lending, real estate and corporate finance. The department is led by Aldo Reggiardo, who offers know-how in complex project finance deals within the mining, energy and infrastructure sectors. Kiomi Osorio is a notable practitioner within the team and concentrates on investment funds, financial regulation work and M&A transactions. The team was further strengthened in August 2024 with the hire of senior associate Wilfredo Cáceres, formerly a principal at Rubio Leguía Normand.
Practice head(s):
Aldo Reggiardo
Testimonials
‘The team was very attentive throughout the transaction, always available to have a call and explain local requirements. They also took the effort to send detailed written explanations.’
‘Kiomi Osorio was always very attentive and provided innovative options that fit the client’s needs.’
‘I consider that the Cuatrecasas Banking and Financing team is outstanding due to the talent of the lawyers that comprise it, their determination in the work they deliver and dedication to moving the transactions forward. They have proven to be at the best level compared to other firms in the country and have always demonstrated complete dedication to delivering everything on time and with the best quality.’
‘Cuatrecasas lawyers are differentiated in their attention to clients, dedication and effort in the work they deliver. They are always available, attentive and eager to help us with whatever we need. Additionally, they have the best talent in the different areas they have. We recommend Kiomo Osorio.’
‘A quality team, especially the partners.’
‘They have a level of expertise in their respective subjects, in addition to knowing the core of their clients and that of their counterparts, which makes the level of detail in the negotiation precise.’
‘The lawyers with whom I have had the pleasure of working have excellent professional and ethical skills regarding all parties to the contract, not only their clients, which makes the negotiation carried out in a practical and transparent manner for all parties.’
‘Empathy and closeness with the client.’
Key clients
Banco de Crédito del Perú
Credicorp Capital
COFIDE (Corporación Financiera de Desarrollo)
Exolum Aviation
Stracon
San Martín Contratistas Generales
Grupo Ransa (H.I.G. Capital)
SCOTIABANK PERÚ
BTG Pactual
Banco Bice
Banco de Crédito e Inversiones (Sucursal Miami)
Banco BCI Perú
ProInversión (Agencia de Promoción de la Inversión Privada)
Work highlights
- Assisting Banco de Crédito del Perú and Credicorp Capital with the drafting, negotiation and execution of documents relating to the refinancing of the medium-term debt granted to Grupo Patio Commercial to develop a real estate project.
- Advising COFIDE (Corporación Financiera de Desarrollo) on the structuring and implementation of the 2023 Programme for the Strengthening of the Equity of the Institutions Specialised in Microfinance.
- Advising Exolum Aviación del Perú on a project finance matter related to the fuel farm facility for Jorge Chavez International Airport.
Damma Legal Advisors
The banking and finance group at Damma Legal Advisors acts for local companies, development banks and angel investors in financial deals and regulatory analysis exercises. The team is jointly led by Álvaro Castro, who is experienced in financial regulation and capital markets, and Juan José Cardenas, who advises on infrastructure project financing and investment funds. At the associate level, Gabriela Cuadros assists financial institutions in various corporate transactions, Alma Jimenez concentrates on banking and insurance regulation, and Catherine Docampo demonstrates skill in M&A transactions, project finance, and public and private tenders.
Practice head(s):
Álvaro Castro; Juan José Cardenas
Key clients
Regum
Orionx Peru
Latin Pay
Pricon Capital
Block4e
Epsilon Group
Work highlights
- Advising Cumplo on various regulatory matters relating to its establishment in Peru.
- Advising FXDD on regulatory and corporate matters.
- Assisting Kapital Perú with regulatory and financial matters in relation to its soft landing in Peru.
De Bracamonte, Haaker & Castellares
At De Bracamonte, Haaker & Castellares, the banking and finance team frequently advises both lenders and borrowers on a variety of transactions, including project finance, leaseback deals and loans, and real estate financing. Notably, the firm demonstrates strength in agricultural financing. The department is jointly led by Ricardo Manuel Haaker Yori, who concentrates on project bond financings and the private and public issuances of asset-backed securities, and Christian Castellares Alfaro, who advises domestic and foreign clients on complex trust structures. Senior associate Luis Fernando Edwards Rios regularly works on syndicated loans.
Practice head(s):
Ricardo Manuel Haaker Yori; Christian Castellares Alfaro
Key clients
Cordiant Global Credit Opportunities (previously Allianz Em Loans)
Coöperatieve Rabobank
Corporación Agrolatina
Ecopacking Cartones
Towerbank Panama
Operadores Concentrados Peruanos
Work highlights
- Advising Cordiant Global Credit Opportunities, Cordiant VIII Agricultural Real Asset Debt and Cordial VII Infrastructure Real Asset Debt on the negotiation and execution of guarantees granted regarding the long-term loans extended to several agriculture companies in Peru.
- Advising Coöperatieve Rabobank on the granting of long-term loans to several agriculture companies in Peru.
- Advising Operadores Concentrados Peruanos in relation to a loan of $30m to be granted by Interbank and Santander.
Dentons Peru
At Dentons Peru, the banking and finance department is engaged by local and international insurance companies and banks for assistance in a range of complex financial transactions and regulatory work. The practice advises on lending, trade financing and financial derivatives, often within the energy, mining and fishing industries. The group is co-led by Julio Gallo, who is well versed in corporate finance and the preparation and negotiation of loan documents, and Ignacio López De Romaña, who handles bilateral and syndicated loans. At the senior associate level, Augusto Ibérico is noted for his skill in the structuring of contractual schemes involving bank trusts, while Renzo Camaiora assists companies in relation to the grant of loans for project development and working capital, primarily within the agro-industrial and real estate fields. Associate Alexandra Egas is noted for her work on various loans and company incorporations.
Practice head(s):
Julio Gallo; Ignacio López de Romaña
Key clients
London Forfaiting Company Limited (LFC)
Amerra Capital Management
Arena Investors
Ocean Partners UK
China Construction Bank (Asia)
Scotiabank Perú (part of the Bank of Nova Scotia group)
IXM Trading Perú (part of the IXM international group)
Natixis
Banco do Brasil
Metropolitan Life Insurance Company
Work highlights
- Assisted Natixis in a cross-border loan for up to $430m to Trafigura Trading, Trafigura Chile, Trafigura Perú, Trafigura and Trafigura Asia Trading, as borrowers, and Trafigura Group, as guarantor.
- Assisted IXM Perú, as borrower, on the securement of a series of credit facilities up to $350m to be granted by Natixis, as a lender, and Banco de Crédito del Perú, as local fronting bank and custodian agent.
- Assisted Metropolitan Life Insurance Company on a new loan for up to $20m to Complejo Agroindustrial Beta.
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados
Strengthened by the arrival of new team lead Carlos Enrique Arata from Rubio Leguía Normand, the banking and finance team at Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados is well versed across the real estate, energy and retail industries. The firm’s client roster includes major domestic and global banks and financial institutions, and the group handles insurance matters, SME financing and corporate finance, among other areas. Arata is active in project finance in the hydrocarbons, mining and construction industries, particularly in cross-border corporate acquisitions. Guillermo Flores is noted for his work on the regulatory side of the practice, especially in issues pertaining to digital banking and fintech. Senior associate Alesandra Azcárate assists clients with lending and capital market transactions.
Practice head(s):
Carlos Enrique Arata Delgado
Testimonials
‘Muñiz is a firm that continues to attend to countless legal consultations, It has a multidisciplinary team with which we work on various legal issues.’
‘We have worked with Carlos Arata on some financing operations in Peru. Carlos not only stands out for his keen analysis of the operations in which he works and the contingencies that different alternatives may present, but also for his availability, accessibility and flexibility in finding solutions.’
‘We have worked with Carlos Arata in this office. Unlike other firms, Carlos – in his capacity as a partner – has always been present and available to be consulted throughout the transactions in which we have worked, giving not only assertive answers and anticipating what could happen after closing the operation, but many times going beyond the scope of the assignment. Likewise, Carlos has a great commercial sense, paying attention to the ability to generate business for our company.’
Key clients
China Yangtze Power
China Three Gorges Corporation
Banco BBVA Perú
Banco Internacional del Perú – Interbank
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
ICBC
Torrecom Partners
Acres Finance
Banco BCI
Work highlights
- Advised Torrecom Partners on its role as borrower in a $75m secured financing granted by Proparco, DEG and IDB Invest.
- Advising BBVA Banco Continental on the negotiation of its credit lines with other financial institutions.
- Advised Agrícola Pampa Baja on its $90m liability management transaction with Cordiant.