Peru

IFLR1000 Reviews

Financial and corporate
Garrigues

International law firm Garrigues was founded in 1941 in Spain. Since then, it has expanded to 34 offices across 13 countries. In Peru, the firm is located in Lima and is known for its outstanding work in financial practice areas.

 

Focusses / specialisms 

Garrigues’ Peruvian arm has top tier banking and finance and capital market practices. It also high highly regarded M&A and project development practices.

In banking, the firm acts for lenders and borrowers in project finance, acquisition finance, refinance and corporate finance matters. 

The capital markets practice works on both the debt and equity side, representing issuers, underwriters and initial purchasers. In debt capital markets, the firm works on investment grade, high yield, municipal, sovereign and green bond issuances. The equity capital markets practice has experience with IPOs and tender offers.

The M&A team works with buyers and sellers in strategic and private equity asset and company acquisitions, divestments and mergers. It also advises firms in strategic investments. 

In project development, the team acts for concessionaires, developers and financial sponsors in all steps of project development, from financing to construction. It works on PPP and private projects in the energy, social infrastructure, port, transportation and oil and gas industries. 

 

Key clients 

Key clients for the firm include Credicorp, Itaú, Banco de Crédito del Perú, Citigroup, BBVA, Bank of America, Intercorp Financial Services, SK Innovation, Arval Relsa, Corporación Andina de Fomento, Torres Unidas, Alupar Inversiones, Consorcio Trecca, Auna Group and Santander.

 

Research period review: 31st edition (2020/2021) 

During the research period, the banking team acted more on the lender side in project, acquisition and corporate financing. In project financing specifically, the team was active in the transportation infrastructure, energy and mining industries.

In capital markets, the team worked on both debt and equity transactions, representing both issuers and underwriters. On the debt side, the team worked on high yield, investment grade and project bond issuances as well as securitizations. In equity, the team had a leading role in IPO work. In addition to transactional matters, the capital markets team also provided regulatory advice.

The M&A team acted for mostly buyers and seller in acquisitions. It also worked on mergers, restructurings and business incorporations across a variety of industries.

The project development team represented sponsors, financiers, concessionaires and government institutions in both private and PPP projects. Many of these projects were in the infrastructure industry, especially concerning airports, highways and ports.

 

Deal highlights: 31st edition (2020/2021) 

BBVA PEN$100 million securitization trust

China Yangtze Power $4 billion acquisition financing of Luz del Sur

Culligan $1.1 billion acquisition of AquaVenture

Red Vial 4 toll road concession $350 million refinancing and development

 

Client feedback: 31st edition (2020/2021)  

Banking 

“Excellent delivery, senior involvement of the partners.”

“We are happy with the assessment we received from them because they guide us to success in the operation with good ideas and always following the established deadlines.”

“Attention to detail. In control. Availability. Experience.”

 

Capital markets: equity

“Very responsive and professional, extremely knowledgeable about the space. Able to provide cross border advice with regard to Peru, Colombia and Chile in a seamless fashion.”

 

M&A

“They understand very well the passive telecom infrastructure business and applicable M&A standards for transactions of companies of our nature.”

 

Oscar Arrus

“Very positive and always give us confidence on our operation success.”

 

Sergio Amiel

“Prepared, commercial, competent, serious.”

“Very responsive and able to think through issues with a commercial lens.”

“M&A expert. Very seasoned in local and international transactions.”

 

Thomas Thorndike

“Clear and concise. Available. Expert.”

“Very responsive and able to think through issues with a commercial lens.”

Hernández & Cía

Full-service firm Hernández & Cía does outstanding work according to their peers and clients. The firm was founded in 1992 and is located in Lima. It is a member of the Legalink alliance. 

 

Focusses / specialisms

The firm boasts excellent teams across all practice areas. In banking and finance, the team advises lenders and borrowers in syndicated loans, credit agreements and bridge loans related to project financing, corporate financing, refinancings and acquisition finance.

The capital markets team regularly advises issuers in debt and equity related deals, specifically tender offers, public offerings, secondary offerings, bond issuances and delistings. The team also works with structuring investment funds.

The M&A team has experience with both public and private M&A transactions. It advises primarily private equity investors in acquisitions, restructurings and investments, but does also work with strategic investors.

The project development team advises public and private developers and sponsors in the infrastructure, oil and gas, mining and energy industries. 

 

Key clients 

Key clients for the firm include the Carlyle Group, Bank of China, BBVA, Credicorp, Graña y Montero, Faro Capital, W Capital, Grupo Wiese, Deloitte, Proinversion, IFC and Contugas.

 

Research period review: 31st edition (2020 / 2021) 

Over the research period, the banking team acted largely on the lender side in project, acquisition and corporate financing. In project finance specifically, the practice was especially active in the renewable energy and social infrastructure industries.

In capital markets, the practice gained experience on both the debt and equity side, representing issuers. In debt capital markets, the team participated in sovereign and corporate bond issuances. On the equity side, the team worked on secondary public offerings, capital reductions and OTC transactions. It also worked on numerous investment fund formation transactions, representing the fund.

The M&A practice participated in numerous public and private transactions, representing all sides. Many of these transactions involved private equity buyouts. It also representing a few companies in restructurings.

In project development, the team worked on both private and PPP projects, representing mostly developers and public institutions. It was very active in mining and social infrastructure matters and also advised on the financing aspects of many of these transactions. A lot of the work done in the mining industry was related to regulatory aspects or concessions. On the other hand, most social infrastructure matters were related to water infrastructure.

 

Deal highlights: 31st edition (2020 / 2021) 

Grupo Falabella $1.3 billion corporate reorganization

Lima drinking water supply water infrastructure

Liderman Group Lima Stock Exchange secondary offering

Polaris Infrastructure $27 million loan agreement

Republic of Peru $5 billion 2.783%, 3.3%, 3.55% and 1.25% sovereign bond issue

 

Client feedback: 31st edition (2020 / 2021) 

Financial services regulatory

“Proactive. Experienced. Attention to the client.”

 

Investment funds

“Track record.”

 

M&A

“Accuracy, reliability, confident, good negotiators.”

The Hernández Law Firm is made up of lawyers of the highest professional and personal level, all lawyers specialized in the branch of law whose services they offer, all with master's degrees abroad and/or in the best universities in Peru. Corporate and M&A lawyers have these same qualities and the recent audit work was excellent.

“They have a very good technical knowledge and good advice. They also have very good client service.”

“Business savvy, creative, comprehensive.”

 

PPP

The team is very responsive and makes itself available as needed by the client. They have a great deal of experience in Peruvian concessions and that is very helpful. They also have strength across all sectors, including real estate and environmental, and that is very helpful for this type of work.“

 

Project development: infrastructure

“They have a professional team that is very committed to the client and also has a great knowledge of the regulations, the market and the other business agents that surround our activity.”

“They give us very good advice not only on arbitration issues, but also on contractual issues that may become new controversies in the future. They have a multidisciplinary team on which to rely and give the best answer to our queries.”

“Full availability and deep knowledge on local issues.”

 

Project development: mining

“Experience, teamwork, professionalism.”

“Proactive, full knowledge in the mining department.”

 

Diego Carrion

“Both lawyers attend with excellence the professional matters of commissions, they are first class lawyers, with studies of specification abroad and they provide excellent service to their clients.”

“Responsiveness, communication, business savvy.”

 

Erick Calla

“Hard working, quick, assertive, responsible.”

 

Gracy Zapata

“Very knowledgeable and experienced in the PPP concessions front.  Very responsive to client's demands and very professional and diplomatic in their dealings with the client.”

“They have a great knowledge of the regulations and the market, so they create good strategies to solve our requirements.”

“On top of every detail.”

 

Jose Manuel Abastos

“Very knowledgeable and accessible.”

“Very knowledgeable and experienced in the PPP concessions front.  Very responsive to client's demands and very professional and diplomatic in their dealings with the client.” 

 

Juan Luis Hernández

“Negotiation skills, accuracy, confidence, knowledge, intelligent.”

 

“He has a very extended knowledge of legal function in the country.”

 

Luis Felipe Huertas del Pino

“Experience, solid legal knowledge, professionalism, good English, strategic planning and thinking, knows about the mining industry in Peru.”

 

Miyanou Dufour Von Gordon

“Excellent service, proactive and transparency.”

 

Verónica Balta

“She was quick and proactive in her responses, in addition to focusing on the client.”

 

“Both lawyers attend with excellence the professional matters of commissions, they are first class lawyers, with studies of specification abroad and they provide excellent service to their clients.”

Philippi Prietocarrizosa Ferrero DU & Uría

The most current iteration of full-service firm Philippi Prietocarrizosa Ferrero DU & Uría, or PPU, was formed in 2015 from the merger between Chilean firms Philippi, Yrarrázaval, Pulido & Brunner, Colombian firm Prietocarrizosa and Peruvian firms Ferrero Abogados and Delmar Ugarte. The Ibero-American firm maintains offices in Chile, Colombia and Peru, with additional offices in Spain, Portugal, New York, London and Brussels thanks to its partnership with Spanish and Portuguese firm Uría Menéndez. The firm is also part of the SCG Legal and World Law Group networks. In Peru, the firm has one office located in Lima. The office is best known for its work in debt capital markets and project development and financing.

 

Focusses / specialisms 

Though PPU is most well-known for its capital markets and projects work, it also has notable M&A and banking practices.

In M&A, the firm acts on behalf of buyers and sellers in acquisitions across numerous industries. It also works on strategic investments and joint ventures.

In project development, the firm represents developers and concessionaires in projects in the energy, power, infrastructure and mining industries. The group has experience working with public and private projects.

The firm also has a notable restructuring and insolvency practice, where the team represents debtors and creditors in out of court, cross border and domestic insolvency proceedings. 

 

Key clients 

Key clients for the firm include Orica Mining Services, Ardian France, IDB Invest, Operadora Ecológica del Titicaca, China Civil Engineering Construction Corporation and Concesionaria Vial del Perú.

 

Research period review: 31st edition (2020 / 2021) 

Throughout the research period, the M&A team represented slightly more buyers in acquisitions across several industries. It also worked on a couple of strategic share sales and investments.

 

In project development, the team represented mostly concessionaires in projects largely in the transportation infrastructure and energy industries. Highways in particular were a big focus for the group. Several of the projects that the team is working on are public matters.

 

Deal highlights: 31st edition (2020 / 2021) 

Opeti $250 million Lake Titicaca Wastewater PPP

Orica Mining Services $203 million acquisition of EXSA

Rebaza Alcázar & De Las Casas

Rebaza Alcázar & De Las Casas was founded in 2004 and since then has grown to have one of Peru’s leading M&A practices. The firm has two locations in South America: Lima, where it is headquartered and Santiago.

 

Focusses / specialisms 

Though the firm excels at M&A, it also does excellent work in banking, debt capital markets and project finance. The banking team participates in loan and credit facilities for agricultural financing and general corporate financing. The team advises both borrowers and lenders.

The capital markets team only works on debt matters such as bond offerings and programs and represents both issuers and underwriters. The team also works with clients to structure investment funds.

In M&A, the team advises private equity investors and strategic buyers and sellers in acquisitions.

The project development team advises public and private developers and sponsors in projects in the oil and gas, infrastructure, port and energy industries. 

 

Key clients 

Key clients for the firm include Grupo Wiese, Camposol, Scotiabank Peru, Fondo MiVivienda, Banco Bilbao Viscaya Argentaria, Coöperatieve Rabobank, HSBC, Grupo El Comercio, Volcan Compañía Minera, Proinversion, Petroperu and Monte Azul.

 

Research period review: 31st edition (2020 / 2021) 

During the research period, the banking team worked on a couple of new corporate financing deals, but mostly worked on refinancing transactions, representing more borrowers than lenders.

In capital markets, the team participated in many debt transactions, specifically investment grade and high yield bond issuances. It also represented numerous investment fund managers in fund formations.

The M&A group acted for largely buyers and sellers in acquisitions, both whole company and asset acquisitions. It also worked on some asset sales, all in different industries.

 

Deal highlights: 31st edition (2020 / 2021) 

Cerro de Pasco Resources $30 million acquisition of Empresa Administradora de Cerro, Óxidos de Pasco and Remediadora Ambiental

Edpyme Acceso Crediticio $210 million refinancing

Hudbay Minerals $600 million 6.125% bond issue

 

Client feedback: 31st edition (2020 / 2021)

Banking

“Proactive and deal friendly in order to have a successful transaction in a tight term.”

 

Investment funds

“Attention 24/7, excellent and very clear recommendations. Fast and accurate responses.”

 

M&A

“Great acknowledgement of M&A legislation and processes. Experienced.”

“They are really hands on and find solutions to every issue. They also accompany you to the very last step of the way.”

 

Alessandra Orbezo

“She really knows what she is doing, and if she doesn’t, she finds the answer really fast.”

 

Daniel Gonzales

“Experienced. Good acknowledgement of legislation. Good English speaker. Good communication. Good negotiation skills.”

“He is an excellent lawyer that manages very well the relationship between creditor and debtor. He is deal friendly and helps parties to close the transaction.”

 

Fiorella Atoche

"She really took on the heavy weight of the deal. She is able to be senior as a partner, and do the ground work as a junior lawyer, if needed."

 

Rafael Alcázar

“Transparent. Extremely intelligent. Easy to work with.”

Rodrigo Elías & Medrano Abogados

Rodrigo Elías & Medrano Abogados is one of Peru’s premier firms. The full-service firm was founded in 1965 and is located in Lima. The firm prides itself on its commitment to diversity and has an outstanding mentoring program. 

 

Focusses / specialisms 

The firm has top tier practices across the board. In banking, the team represents borrowers and lenders in leasing financing, refinancing, project finance and acquisition financing.

The capital markets teams works on both the debt and equity side, representing issuers and underwriters in bond offerings, delistings, tender offers and securitizations.

In M&A, the team worked on acquisitions and corporate reorganization matters, where it represents private equity investors and strategic buyers and sellers. The team has experience in public and private M&A across a wide array of industries.

In project development, the firm has expertise in oil and gas, mining, energy and infrastructure industries. It represents concessionaires and financial sponsors. 

 

Key clients 

Key clients for the firm include Export Development Canada, Banco de Crédito del Perú, Graña y Montero, Goldman Sachs, Southern Peru Copper Corporation, Gases del Norte del Peru, Citibank, Sumitomo Mitsui Banking Corporation, Stena Drilling, Pan American Silver Corporation, Sempra Energy and Asterion Capital Partners.  

 

Research period review: 31st edition (2020 / 2021) 

Over the research period, the banking team saw deals related to project, DIP and corporate financing, representing borrowers and lenders equally. Most of these deals were cross border financings. In project financing specifically, mining, transportation infrastructure and solar energy projects saw the most activity. 

In capital markets, the group worked on debt and equity transactions, representing both issuers and borrowers. In debt capital markets, the team worked on high yield and investment grade bond issuances. On the equity side, the team participated in tender offers and delistings.

The M&A team represented slightly more buyers than sellers or targets in acquisitions among numerous industries. Several of the transactions were private equity transactions. 

In project development, the practice was busy acting for mostly developers and concessionaires in projects in the infrastructure, power, energy and mining industries. In the infrastructure industry notably, the team worked on more transportation infrastructure projects than social infrastructure.

 

Deal highlights: 31st edition (2020 / 2021) 

Auna $300 million 6.5% bond issue

InRetail $360 million acquisition of Makro

LATAM Airlines $2.45 billion debtor-in-possession financing

Salaverry Terminal Internacional $132 million project financing

 

Client feedback: 31st edition (2020 / 2021)

Banking

“Rodrigo Elías & Medrano provides high quality advice on a timely basis. They have initiative to push a deal forward.”

“Responsive. Novel regulatory issues arose and they provided timely and useful advice.”

 

Capital markets

“Their lawyers are creative. They are excellent at determining financing solutions for the project finance and banking clients.”

 

Investment funds

“Quick responses, to the point, time effective, integral approach to the problems.”

 

M&A

“Very responsive in a tight timetable and focused on the key issues.”

“Very well rounded team, with depth of knowledge, the capacity to move quickly and one-stop shop capabilities.”

 

Project development

“They have an outstanding knowledge of Peruvian law, which they combine with a thorough understanding of the local business environment and commercial issues involved in the financing.”

“They are creative. They are excellent at determining financing solutions for their project finance and banking clients.”

“REM is a reference in the services provided and they are very good at what they do, to point out some attributes I could mention the knowledge of the law in the different areas that somehow influence the project. REM had a clear knowledge of interferences related to Public Law, Real Estate Law, Concession Law and Administrative Procedures Law.”

“Knowledge of the legal matters at hand, responsiveness and time of delivery of the response were as always, very good.”

“They understand the local legal/regulatory framework and are able to provide concise advice on how to implement our preferred transaction structure while observing local requirements.”

 

Alejandro Manayalle

“Alejandro's main attributes are responsibility and professionalism. Very good feedback and management of the situations in his care, with adequate interaction with the different areas that contribute to the assessment of the situation.”

 

Carolina Chipollini

"Excellent and very easy to deal with."

 

Fernando Molina

“Highly competent, trusted advisor.”

 

Francisco Tong

“Knows the law very well, he is always available and happy to respond within the time frame provided.”

 

Jean-Paul Chabaneix

“These three are excellent lawyers. They know project finance and the mining space in Peru exceptionally well.”

 

“Jean Paul is one of the best lawyers in Peru, his in depth knowledge, his ability to resolve complex cross border legal issues and his attention to detail makes him a reference for legal services in Latin America”

 

Juan Diego de Vinatea

“Excellent lawyer and very commercial too.”

 

Luis Carlos Rodrigo Prado

“These three are excellent lawyers. They know project finance and the mining space in Peru exceptionally well.”

 

Nicolas Cornejo

“Depth of knowledge, availability and transparency, integrity.”

 

“These three are excellent lawyers. They know project finance and the mining space in Peru exceptionally well.”

 

“Thorough, attentive, clear in his opinions.”

 

Oscar Benavides

“Oscar understands how North American companies see transactions and weigh risks.”

Arbe Abogados

Arbe Abogados is located in Lima. The firm specializes in corporate and financial law, especially in banking, debt capital markets and M&A.

 

Focusses/specialisms 

In addition to its work in banking, capital markets and M&A, the firm also has experience with the project development practice. In banking, the team acts for borrowers in the banking and financial institutions industry regarding project finance and corporate finance matters. It also advises on regulatory compliance and investment fund related matters. 

 

The capital markets practice has experience on both the debt and equity side, representing issuers. The equity capital markets team helps with public M&A transactions, as well as with investment fund related matters, while the debt capital markets practice advises on bond issuances. The team also has a lot of experience with securitizations.  

 

In M&A, the firm represents strategic firms in buy and sell side acquisitions. It also advises companies in reorganizations and incorporations.  

 

In project development, the firm represents developers with PPP projects in the energy and infrastructure industries.  

 

Key clients 

Key clients for the firm include Glide Master Fund, Global Factoring, Moody’s, AV Proyectos & Construcciones, Los Portales, Energy Development Corporation, Rinno Lab, Plataforma D’Iniciatives, Proinversión and Gestora Peruana de Hospitales. 

 

Client feedback: 31st edition (2020/2021)

Banking lending: Sponsor side

"Covers different sector of the economy. Knowledge of the players in the market. Personal approach with clients.”

 

Investment funds: Real estate funds

"They are very committed, responsible and respond fast."

 

Private equity

"Good timing - coordination and negotiation with different parties - excellent technical and legal advice."

Dentons Gallo Barrios Pickmann Abogados

One of the world’s largest law firms, Dentons is truly a global law firm, with 193 locations across 77 countries. In Peru, the firm has one office in Lima. 

 

Focusses/specialisms 

The Peruvian office of Dentons is best known for its work in banking, M&A and project development. Though it is capable of working in numerous industries, it is especially prevalent in the real estate and manufacturing industries. 

In banking, the firm represents lenders and borrowers in real estate financing, import financing and general working capital financing.  

The M&A practice represents strategic firms in asset and firm acquisitions on the buy side, as well as mergers. It also helps companies with incorporations and corporate reorganizations. 

The project development practice works largely in the infrastructure and mining industries, representing concessionaires and developers in public procurement and private projects.

 

Key clients 

Key clients for the firm include Natixis, Oikocredit, Banco do Brasil, Minera Bateas, Megacentro, JCDecaux, Wenco, GEA Holding, Autoland, Lactalis Group, Aeropuertos del Perú, GyM Ferrovías and Fresenius Medical Care.

DLA Piper Perú

Business firm DLA Piper was born in 2005 from the largest ever merger in the legal industry between Gray Cary Ware & Freidenrich, Piper Rudnick and DLA. The international law firm has offices in almost every region in the world. In Peru, the firm is located in Lima.  

 

Focusses/specialisms 

The Peruvian arm of the firm is active in the banking, debt capital markets, M&A and project development practice areas. 

In banking, the team advises lenders in project and corporate financing. In corporate financing matters, the firm has a lot of experience with development financing. 

The capital markets practice works with underwriters and issuers in debt capital markets matters, including bond issuances.  

The M&A practice advises strategic buyers and sellers in firm and asset acquisitions. The firm also represents banking and financial institutions in strategic financial investments. 

In project development, the firm acts for concessionaires and developers in projects in the infrastructure, mining and energy industries. It has experience with PPP projects as well as private and public ones. 

 

Key clients 

Key clients for the firm include United Stated DFC, Itaú Corpbanca, ICBC Perú Bank, Japan International Coorperation Agency, BTG Pactual, Credicorp Capital Servicios Financieros, Banco Santander, Giddings Fruit, American Tower Corporation, IDB Invest, ADAMA Agriculture, Grupo Bancolombia, Ministerio de Transportes & Comunicaciones del Perú, Convial Sierra Norte, Concesionaria Hidrovía Amazónica and EPC Consortium. 

Estudio Echecopar member firm of Baker McKenzie International

Global law firm Baker McKenzie has 76 offices spread across six continents. In Peru, the firm known as Estudio Echecopar is located in Lima and is best known for its outstanding work in capital markets, project development and project financing.  

 

Focusses/specialisms 

Though the firm is known for its top tier work in capital markets, project development and project financing, it also has highly regarded banking and M&A practices.  

In banking, the firm acts for borrowers and lenders in project financing, acquisition financing, real estate financing and general corporate financing.  

The capital markets team is active across both debt and equity, representing issuers. The debt capital markets has experience with sovereign bond, investment grade, high yield and green bond issuances. On the equity side, it works on public offerings. It also has experience with investment fund formations and securitizations. 

The M&A practice acts on the sell and sell side in strategic and private equity acquisitions across a wide variety of industries. It also acts for firms in strategic investments.  

In project development, the firm acts for developers and sponsors in PPP and private projects. It is very prevalent in the social infrastructure, sanitation, energy, oil and gas, mining and transportation industries. It works on both financing and development aspects of the projects. 

 

Key clients 

Key clients for the firm include Ergon Perú, Inversiones Centenario, Banco Santander, Scotiabank, Republic of Peru, Banco Internacional del Perú, Fondos Sura, Consorcio Transmantaro, Fypasa Construcciones, COSAPI, Citibank and Sinia Capital. 

 

Client feedback: 31st edition (2020/2021)

Banking and finance

"Extremely knowledgeable in areas of work, extremely responsive, cost-efficient and problem solvers."

 

Capital markets: Debt

"Excellent knowledge of the regulation, constructive solution, good delivery."

 

M&A

"Their support is fundamental, mostly because we are not located in Peru, but we can feel that our corporate matters are properly managed as they have the knowledge and expertise regarding local laws. Besides, the service is exceptional, we always obtain a prompt and accurate response to our requests."

 

Project development

"The team is reactive, very business-oriented and it is a team able to understand the client's needs and expectations."

"Estudio Echecopar's role was key to reaching financial close in a very challenging time (amid Covid pandemic and traffic restrictions of the asset). Both Juan Carlos de los Heros (partner) and Fernando Sam (associate) showcased great experience in complex project finance structuring and commitment in overperforming under the tight schedules."

 

Project development: Energy

"Echecopar has a deep knowledge of the Peruvian energy market and provides a business-oriented support both in line with local legal requirements and company's interests."

"The lawyers I usually contact (Maria del Carmen Tovar, Ines Vazquez y Claudia Cruces) are very receptive to the queries that are made, in addition to having a high degree of critical analysis to determine optimal solutions to the problems faced by our company."

 

Project finance

"The team has very good expertise and a business-oriented view. They are not only providing the legal perspective but also trying to find solutions or realistic alternatives for the problems, which is very positive."

Estudio Muñiz - Muñiz Olaya Meléndez Castro Ono & Herrera Abogados

Full service firm Estudio Muñiz was founded in 1981. Since, then it has become well known for its work in corporate law. It has also grown to 11 offices across Peru, with the main office being in Lima.   

 

Focusses/specialisms 

The firm does notable work in banking, debt capital markets, M&A, project development and project finance. 

In banking, the team represents borrowers and lenders in acquisition finance, project finance and corporate finance. It also acts for banks and financial institutions in regulatory matters.  The project development and finance team is especially known in the mining industry.

The capital markets practice advises issuers in bond issuances. It also helps out with equity matters stemming from public M&A transactions and investment fund formations.

The M&A practice acts for strategic and private equity firms in acquisitions on the buy and sell side. Many of these transactions are related to project development matters. It also advises on joint ventures and corporate reorganizations.  

 

Key clients 

Key clients for the firm include China Three Gorges, Goldman Sachs, Silvestre Perú, BBVA, Gemini Trust Company, the Peruvian Department of Social Security, Arca Continental, Citibank, Whitehelm Capital, China Yangtze Power, Cerámica Lima, HNG Group and Backus and Johnston. 

 

Client feedback: 31st edition (2020/2021)

Banking and finance

"Muniz lawyers are strong and sensible, and they know corporate and transactional law in banking and finance well."

 

Capital markets

"Muniz lawyers are strong and sensible, and know corporate and transactional law in capital markets and banking and finance well."

 

M&A

"They have great knowledge of the industry and provide a strong legal perspective without losing sight of the business objectives."

"1. Understand both parts of negotiation. 2. Understand the operation and what the client needs. 3. Conciliate."

"Efficiency, rapid response, sophistication and industry expertise."

"Muniz law firm is the biggest law firm in Peru. It has wide experience in M&A transactions, especially in the fishing industry, being recognised as a leading law firm in this sector due to its expertise in regulatory matters."

"They have been straightforward from the beginning, very efficient use of the time in our meetings, all the time they give me the feeling that they know exactly what to do and how to do it. And they try to go a little deeper so we close any possible loops."

"The team is consolidated in the market and provides high-quality services in corporate, financial, contractual, M&A matters. The lawyers are great."

"Muniz's lawyers are characterised by their proactivity and enthusiasm to move forward the matters entrusted to them. They give us confidence and that is very important for the firm-client relationship."

"1. Experience, knowledge of the law, and solution proposals. 2. Speed - very fast response. 3. Relationship with the customer - excellent customer experience and treatment."

"Good and detailed understanding of local law and how it applies to deal dynamics."

"Muniz has been very reliable since we started working with them. They have a respectable team and we are very happy with their advice."

"They outperform developing a legal structrure that includes different contracts, integretad under an umbrella agreement, with a clear vision of the business deal."

"Astonishing work. They performed outstandingly well during the course of the deal, which gave us a lot of confidence."

"Will say everything was extraordinary."

"Muniz law has very experienced lawyers in the corporate and M&A practice. They have strong and efficient communication strategies and are constantly recognised in newspapers and publications. We feel very confident and trust their work. Our primary contacts are fluent in English and Spanish, which is very helpful considering that we are a transnational company."

"1. Muniz is an excellent and very competent firm regarding corporate and M&A matters. 2. They have handled all our corporate and transactional work for almost five years now. 3. The team is large and covers every aspect I may need."

"The most outstanding feature is the quality/price ratio. Their prices are very competitive and the advice is top-notch."

"We feel very comfortable with them. They are a general practice firm and have all the practice areas that we need. Particularly, the M&A team of the firm is the best in the Peruvian market and that is why we handle all our transactional work with them. They are very reputed."

"We are very happy working with Estudio Muniz. Their corporate and M&A practice covers all our needs and their staff are friendly and responsive, with transparent and predictable billing. They have a deep staff of lawyers so we are always taken care of."

 

Project development

“Efficient.”

 

Restructuring: Corporate

"Juan Carlos Velez is one of the most accurate lawyers I have worked with, his ethical and professional job describes how well the law firm acts in representation of companies against third parties."

García Sayán Abogados

García Sayán has over 130 years of experience in financial and corporate law. It is located in Lima and is a member firm of Meritas.

 

Focusses/specialisms 

The firm is well known for its work in the banking and finance practice. It advises borrowers on project financing, corporate financing and refinancing matters. In project financing specifically, the firm is very experienced in the mining industry.

 

Key clients 

Key clients for the firm include Compañía de Minas Buenaventura, Inversiones Colquijirca, Empresa de Generación Huanza, Proveedora de Productos Marinos and Deutsche Investitions-und Entwicklungsgesellschaft.

Martinot Abogados

Martinot Abogados is located in Lima. It is a member of several international alliances including Lexwork.

 

Focusses/specialisms 

The firm has many focuses but is well known for its work in the M&A and project development practices. In M&A, the firm acts for buyers and sellers in private whole firm and asset acquisitions. It also works on other corporate matters including restructurings, joint ventures and strategic investments.

In project development, the firm is especially active representing developers in the mining and real estate industries in projects and project acquisitions.

 

Key clients 

Key clients for the firm include Minera CRC, Distribuciones Diesel Peru, Costeño Alimentos Oriente, Mochica Resources, SMC Toropunto, Inversiones Hausser and Avla.

 

Client feedback: 31st edition (2020/2021)

Banking and finance

"Quick and efficient answers and support in order to take core decisions in financial areas."

 

M&A

"Jorge Zuniga, partner of the law firm, is an excellent attorney who has extensive experience in the tourism and casinos industry. Which implies solid and trustworthy legal advice in these areas."

"Very fast and reliable work. Proactive and helpful."

 

Restructuring and insolvency

"Business understanding, great responsibility, experience."

Osterling Abogados

Full service firm Osterling Abogados was founded in 1980. It has since become known for their work in the corporate practice, operating out of their office in Lima.  

 

Focusses/specialisms 

The firm has a notable M&A practice. Team members act for strategic firms on the sell side of asset and firm acquisitions. The firm also works on other corporate matters including corporate reorganizations.  It also has some experience with securitization and derivatives matters.  

 

Key clients 

Key clients for the firm include Wester Construction, Cabo Merlin, Gol TV LatinAmerica and Corpac. 

 

Client feedback: 31st edition (2020/2021)

Project development

"Immediate response. Excellent approach, perfect law knowledge."

Payet Rey Cauvi Pérez Abogados

Founded in 1996, Payet Rey Cauvi Pérez Abogados is a full service firm highly regarded in the market. The firm is located in Lima, but has an international presence thanks to its affiliation with the World Law Group. 

 

Focusses/specialisms 

The firm is best known for its top tier work in banking, debt capital markets and M&A. However, it also does excellent work in equity capital markets and projects. In banking, the team advises borrowers and lenders in loan agreements for refinancing, acquisition finance, project finance and corporate financing matters. 

 

The debt capital markets team represents issuers and underwriters in bond offerings. Regarding equity capital markets deals, the team participates in public offerings.

In M&A, the team advises strategic buyers, sellers and private equity investors in acquisition related matters.

The project development team represents developers in the port, mining, power, telecommunications and social infrastructure industries. Many of these projects had a financial aspect that the banking team assisted with. The firm also has experience with both PPP and private projects. 

 

Key clients 

Key clients for the firm include The Carlyle Group, Banco de Crédito del Perú, Scotiabank Perú, Administradora Prime, Inmobiliaria JyD, Creditcorp, Empresas CMPC, Grupo Gold Fields Comercio, Aksiom Partners, Proinversion, Cosco Shipping Ports Chancay Perú and Conselsur.

 

Client feedback: 31st edition (2020/2021)

Bank lending: Lender side

"Excellent technical solutions. Quick responses. Solid support."

 

Capital markets

"I believe the most important attribute of the firm is its deep knowledge of the different issues involved in the proceeding. In addition, the members of the firm had a very positive and constructive approach on any of the problems that arose during the proceeding. "

"Excellent expertise and track record on the Peruvian capital markets legal framework."

"The firm exceeds my expectations. I usually interact with Jose Antonio Payet, Eduardo Vega, Juan Antonio Eguez and Alan Garcia. Alan Garcia in particular is very accessible, diligent, and dependable when it comes to me and my company's legal needs. Jose Antonio Payet is very knowledgeable on capital markets and his opinions are very reliable. He is always our go-to lawyer when it comes to difficult, edgy situations. I have used multiple attorneys in the past and this relationship has lasted for more than 10 years because of their professionalism."

 

Investment funds: Private equity funds

"Knowledge of the matter."

 

M&A

"Knowledge, good service, dedication"

"Knowledge, deal-oriented. "

"Excellent advice and constant monitoring of moving forward the deal."

 

Project development: Energy

"Knowledge of the energy sector."

"They demonstrated important knowledge in this state bidding process, considering and preparing all information required. In conclusion, they were very good advisers."

 

Project development: Mining

"Excellent specific knowledge in areas associated with exploration and mining; support on negotiations; support on legal due diligence."

Santivañez Abogados

Since its founding in 1964, Santiváñez Abogados has expanded to two offices in Peru. Though its main hub is in Lima, the firm has another location in Piura. 

 

Focusses/specialisms 

The firm has notable corporate and project development practices. In M&A, the firm acts for acquirers and sellers in strategic and private equity acquisitions, mergers and joint ventures. It also works on general corporate financing transactions, acting for borrowers. 

 

The project development team acts for public and private developers and sponsors in project development and finance matters in the energy, mining and oil and gas industries. 

 

Though the firm works across multiple industries, they are especially skilled in the energy industry, specifically electricity.  

 

Key clients 

Key clients for the firm include Inkia Energy, Blue Water Worldwide, Electro Dunas, Syneos Health, Proinversion, Nexa Resources, Anglo American Quellaveco and Tarucani Generating Company. 

 

Client feedback: 31st edition (2020/2021) 

M&A

"Proactive."

"Santivanez Abogados has a clear understanding of the business at stake and so their advice is more than legal, it includes strategy, commercial terms and conditions, economics, etc. They are also good at producing quality deliverables on time. "

"Provides great legal services based on the professionalism and strength of their entire team. They cover a wide range of matters so you will always find a qualified partner with the necessary knowledge and skills to achieve client's needs. They are client-orientated, always available and reachable, which is a great advantage against other firms."

 

Project development: Energy

"A high degree of knowledge of the subject. Communication skills for negotiations."

"They have all the information we need and help us in every detail of permits involved in the project."

Sumara Hub Legal

Since its founding in 2018, Sumara Hub Legal has quickly become known as an up and coming firm in Peru for banking and capital markets. The firm is headquartered in Lima. 

 

Focusses/specialisms 

The firm specializes in banking, finance and capital markets law. It works with numerous startup, venture capital and fintech companies.  

 

In banking, the team acts for lenders and borrowers in acquisition financing and corporate financing transactions.  

 

The capital markets team has experience largely in investment funds. It acts for investment fund managers in fund formation, management, development and acquisition matters. It has experience with securitization matters. It also works on capital raises and fundraising matters. 

 

Key clients 

Key clients for the firm include La Fiduciaria, Capia Sociedad Administradora de Fondos de Inversión, Diaphanum SAFI, Acres SAFI, Angel Ventures Peru, Pestamype, RebajaTusCuentas, Adelantos Capital, Savar Agentes de Aguana, Global 66, Kambista and FintechLab. 

 

Client feedback: 31st edition (2020/2021) 

Capital markets

"Great team of extremely knowledgeable lawyers, very pragmatic and efficient. Fast and reliable."

 

Capital markets: Debt

"With their help, we changed our whole business model to a simpler one. They recommended us to operate through a private investment fund as this would be better for our debt funding. Why? Because here in Peru, we only pay 5% for capital gains on debt, instead of the usual 30%."

 

Financial services regulatory

"Knows the regulation and the regulator very well due to the great experience he has."

 

Investment funds

"Unique perspective for technology investments and venture capital."

"They are well connected in the start-up ecosystem in Peru and the region. Have experience working with start-ups and funds. Have demonstrated flexibility and creativity in solving problems."

Vizquerra Córdova & Gálvez Abogados

Vizquerra Córdova & Gálvez Abogados was founded in 1984. Since then, it has grown into a notable firm, especially in the hydrocarbon industry, where the firm has special expertise. The firm is headquartered in Lima. 

 

Focusses/specialisms 

The firm does notable work in M&A and project development. In M&A, the team represents strategic sellers in acquisitions and joint venture matters. Though it has unique expertise in hydrocarbons, the firm also works in the agriculture industry. 

 The project development team represents developers in projects, largely exploration related, in the oil and gas industry.

 

Key clients 

Key clients for the firm include Papelera Panamericana, Agrícola Valle del Sol, GCZ Energía and Grupo Rocio. 

 

Client feedback: 31st edition (2020/2021) 

M&A

"Excellent dedication, partner involvement, extra-mile effort in problem-solving."

 

Project development: Energy

"Main partners. Highly involved in negotiations and contract structuring - always available - clean work on time."

"Immediate availability, knowledge about business, company's interest and familiarity of risks, identification of several solutions for mitigating company's risks; teamwork and success on sorting out the issue without the need for escalating into any dispute."

"Specialisation in the hydrocarbons sector and years of experience. Good legal support and analysis."

"Specialisation in the oil and gas sector. Experience. Knowledge. Provide complete reports, support and analysis. "