Banking and finance

Posadas

Acting for a clientele of multinational lenders, Posadas regularly advises on project finance, particularly in the energy and infrastructure sectors. The team has a proven track record in corporate, acquisition and asset finance deals, on both the lender and borrower side, as well as in structured finance and syndicated, cross-border credit facilities. Its regulatory expertise sees the team sought out by development banks, payment services companies, fintechs, crypto platforms, brokers and investment advisers for assistance in obtaining operating licenses. The firm is a key player in the Uruguayan capital markets space, handling securities placements and public bond offerings. Practice head Tomas Gurméndez bolsters the team’s cross-border capabilities and is regularly engaged by multinational investment banks and multilaterals, particularly for advice on collateral structures. As head of the banking regulatory department, Andrés Aznárez has ‘unmatched experience’ and advises an impressive list of regulated financial entities, from banks and investment firms to brokers and fintechs. Victoria Garabato plays a key role in the team’s project finance practice, particularly in the renewables and infrastructure sectors. Martina Reyes is a name to note at the senior associate level.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘The Posadas firm has a top-line team in banking and financing law, including fintech issues. They have a young and fresh look, attached to regulation but always creative and willing to find flexible solutions to client needs.’
‘In particular, Andrés Aznares and Martina Reyes are the reference people in the area, they work very well in tandem, complementing their different skills. They are two very warm and attentive people, taking care not only of the technical issues involved but also very concerned about good personal treatment and closeness. They are two people who generate a lot of confidence to work with.’
‘The Posadas team is comprised of some of the most knowledgeable and skilled attorneys in the field. The expertise was evident in every interaction we had. The thoroughness with which they carried out their work must be highlighted, as well as their strategic thinking when approaching the object of analysis. Even in a competitive environment, the firm's excellent results distinguish it from its counterparts.’
‘Andrés Aznárez's performance stands out as especially excellent. His vast legal knowledge of the sector and his unmatched experience in the industry combine to make him an excellent professional and one of the most prominent names in the sector.’
‘The team is comprehensive and covers all the company's needs. It is a diverse team where ideas complement each other, and excellent solutions emerge.’
‘Andrés Aznarez and Martina Reyes: attention to detail and comprehensive service, ensuring that each area involved has information about what is happening in the others, make the service excellent and very complete.'
‘The Posadas banking team is excellent. They have a very good balance between highly experienced senior partners and young, modern partners with international experience who understand our business perfectly.’
‘The experience and high level of sophistication of its members is the great differential of the people at Posadas.’

Key clients

Aligned Data Centers
Societé Générale
Global Infrastructure Partners
BTG Pactual
MSU Energy
Inter-American Development Bank (IDB)
Inter-American Investment Corporation (IIC)
Banco Santander
Banco BBVA
Banco República Oriental del Uruguay
Sumitomo Mitsui Banking Corp
BNP Paribas
Ripio
Mastercard
Compass Group
Lombard Odier Uruguay
Truist Bank
Patria Investments
Conaprole
Prestámos en la Mano

Work highlights

Advised Aligned Data Centers on a syndicated credit agreement of $1.22bn with a consortium of international banks for the acquisition of ODATA.
Assisted senior lenders, Banco Santander and Banco de la República Oriental del Uruguay, with the financing of a prison PPP project worth $85m.
Advised MSU on the granting of certain guarantees by its Uruguayan subsidiary, Safenyl, for the financing of the construction of the Las Lomas photovoltaic solar farm.