Managing Partner: Guillermo Acuña
Partners: Alfonso Rubio, Víctor Ferro, Fausto Viale, Emil Ruppert, Luz María Pedraza, Oscar Arrús, Bruno Marchese, Xennia Forno, César Luna Victoria, Milagros Maraví, Sergio Amiel, Brendan Oviedo, Thomas Thorndike, Jose Francisco Meier
Number of partners: 15
Number of other lawyers: 59
The Firm: Since its incorporation in 1980, the firm has been consistently recognised as one of Peru’s top tier full-service firms. Its reputation for high ethical standards and top quality services is reflected in its constant recognition by prestigious international journals. Its expertise and international standards make it a regular player in milestone transactions, such as the first issuance of ADRs by a Peruvian issuer, the largest issuance of sovereign bonds by Peru, the most significant privatisation of a state-owned entity, the first IPO of a Peruvian issuer in London’s Stock Exchange, the largest Peruvian infrastructure project, the first power plant project bond in Latin America and the first international greenfield project bond in Latin America, among others. The firm is a member of the international TerraLex Network.
Main Areas of Practice:
Banking & Finance: The firm has a prominent profile in this practice due to its recurring participation in landmark transactions. Recent experience includes a USD300 million loan facility granted to Fenix Power by BTG Pactual, as well as a USD160,000,000 syndicated facility granted to BBVA Banco Continental by Bank of America, Citibank, Standard Chartered and Wells Fargo.
Capital Markets: One of the firm’s key practices in recent years due to its sophistication and participation in almost all international capital market transactions by Peruvian issuers. The firm’s expertise and capabilities allows for a comprehensive service on regulatory issues, as well as issuances of debt and equity securities. Recent experience includes Graña y Montero’s international IPO in NYSE for over USD400 million and Transportadora de Gas del Peru’s USD850 million international debt issuance.
Project Finance: The firm’s experience in pioneer project finance transactions (including extensive work in transactions using payment certificates for advancement of works: CRPAOs, RPICAOs, etc) makes it a preferred choice for sponsors, developers and lenders. Recent experience includes the international project bond financing of the ETEN cold reserve power project for USD132.8 million and the international bank project financing of Contugas’ gas distribution system for USD310 million.
Mergers & Acquisitions: The strength of the firm’s M&A practice has earned its participation in the most complex transactions in past years. Recent experience includes the sale of Rehder to Marsh (consolidating as the largest insurance brokerage business in Peru), the acquisition by Bolsa de Valores de México of an equity stake in Bolsa de Valores de Lima, and the acquisition by Nexus Group of San Miguel Industrias PET.
Mining: Traditionally one of the firm’s key practice departments since its inception. Its renowned reputation continues to make it a favoured choice for investors and mining companies. Its broad experience and depth allows it to provide advice in all aspects related to mining projects, such as exploration and development agreements, joint ventures, project finance, construction and energy supply agreements, land acquisition and permitting. Recent experience includes projects for Barrick, Newmont, Xstrata, Chinalco and Anglo American.
Energy: The firm’s energy practice continues to grow and has quickly positioned itself as a top tier practice in the market. Services encompass all aspects of energy project development, including energy tenders, advising in the compliance of applicable market regulation, and drafting/negotiating PPA agreements as well as all types of agreements required to operate in the market. Recent experience includes advisory in project prospecting and development for Electrobras and ENEL, among others.
Regulatory: Unparalleled experience in regulatory issues, concessions and PPPs, grants the firm a specialised knowledge regarding complex industries. Recent experiences include advisory in tenders for the Line 2 of the Lima Metro, Longitudinal de la Sierra Tramo 2 highway project, the Chinchero Airport and the San Martin Port.
Environmental: The firm’s extensive experience in environmental matters related to the development of all types of projects (mining, energy, infrastructure, etc) is renowned. Clients praise the environmental team for their ability to work together with technical specialists and lawyers from other areas of expertise in order to provide a complete advisory service relating to the environmental implications of their projects. Recent experience includes advisory with respect to projects developed by Barrick, Newmont, Xstrata, Chinalco, Anglo American, EnBW, Electrobras, among others.
Tax: The team’s practice encompasses a broad range of matters, having significant experience in M&A transactions, cross-border financings, energy, infrastructure and mining project development, among others. The firm is recognised among the top five tax practices in Peru by the World Tax Guide.
Labour & Employment: The firm’s labour and employment practice enjoy a prominent profile in the market. It has broad experience in all aspects of labour and employment law, including hiring plans, income and benefits structures, stock option plans, foreign personnel, collective bargaining, immigration, labour audits and judicial and administrative proceedings.
Dispute Resolution: The firm’s dispute resolution practice encompasses every type of complex litigation, including antitrust, administrative, aeronautical, tax, constitutional and commercial litigation. Past experience includes an active practice in arbitration and domestic and international dispute resolution, including investment arbitration settled before ICSID.
Languages: Spanish, English, Portuguese, French, German and Italian cLienTs Representative clients include Bank of America Merrill Lynch, Metro de Lima Línea 2, Iridium Concesiones de Infraestructuras, BNP Paribas, Credit Suisse, Deutsche Bank, Celfin Capital, JP Morgan Chase, Morgan Stanley, Barclays, CAF, Credicorp, BBVA, Interbank, Citibank, Newmont, Anglo American, Barrick, Bechtel, Eletrobras and Odebrecht.