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Rubio Leguía Normand


Rubio Leguía Normand - Lima
  • Avenida Dos de Mayo 1321
  • San Isidro
  • Lima
  • Lima
  • Peru
  • 27
  • 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 and Thomas Thorndike
  • Number of partners: 14
  • Number of other lawyers: 51 

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 for providing top quality legal services is reflected in its constant recognition by prestigious international journals and reviews as one of Peru’s leading firms. Its transactional expertise and international standards make it a regular player in milestone transactions, such as the first issuance of ADR’s 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 first water project and public health infrastructure project financings in Peru.

Banking & Finance:
The firm has a prominent profile in this practice due to its recurrent participation in landmark transactions. Recent experience includes a US$240MM loan facility granted to Shougang Hierro Perú by BCP, Santander, Citibank and HSBC, as well as a US$160’000,000 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 Transportadora de Gas del Peru´s US$850MM international debt issuance, as well as Alicorp´s US$450MM international debt issuance.

Project Finance: The firm’s experience in pioneer project finance transactions makes it a favored choice for sponsors, developers and lenders in relation to infrastructure projects such as toll roads, hydro power plants, transmission lines, health infrastructure and water treatment plants. Extensive work in world class transactions based on payment certificates for advancement of works (CRPAO, RPICAO, etc.) structures has allowed for the firm to develop an unparalleled specialised skill set in the market. Recent experience includes the international bank/bond financing of the Linea Amarilla (Via Parque Rimac) toll road project for S/.1´395MM, as well as the international issuance by Peru Payroll Deduction Finance Limited of over US$229MM in debt securities for the development of four public health infrastructure projects granted by ESSALUD (Peru´s public health entity) through PPPs.

Mergers & Acquisitions: The soundness of the firm’s M&A practice has allowed its participation in some of the most complex transactions for the acquisition/sale of distressed companies, publicly listed companies, regulated entities and complex asset/business packages. Recent experience includes the sale of Rehder & Asociados to Marsh Peru (consolidating as the largest insurance brokerage business in Peru), as well as the acquisition by of Bolsa de Valores de México of an equity stake in Bolsa de Valores de Lima.

Mining: Traditionally one of the firm’s key practice departments since its inception. Its renowned reputation continues to make it a favored 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 projects for EnBW and Electrobras, among others.

Regulatory: The strength of the firm’s regulatory practice and its experience in privatisations, concessions and PPPs grants it specialized knowledge regarding complex industries. Recent experience includes advisory in tenders for major projects such as the Longitudinal de la Sierra Tramo 2 highway project, Line 2 of the Lima Metro Train System, the Chinchero – Cusco 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. Client 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 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 firm’s tax practice encompasses a broad range of matters, including general tax advisory, sophisticated tax planning, transfer pricing and international trade. It has significant experience on tax aspects of M&A transactions, cross-border financings and investments. The firm is recognised among the top five tax practices in Peru by the World Tax Guide of 2012 and 2013.

Labour & Employment: The Firm’s Labour and Employment Practice enjoys 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.

INTERNATIONAL WORK: The firm is member of the international TerraLex network.

LANGUAGES: English, Spanish, Portuguese, French, German and Italian.

Representative clients include Bank of America, Merrill Lynch, BNP Paribas, Credit Suisse, Deutsche Bank, Celfin Capital, JP Morgan Chase, Scotiabank, Morgan Stanley, Barclays Bank, Inter-American Development Bank, CAF, Credicorp Capital, BBVA, Interbank, Citibank, Newmont, Anglo American, Barrick, Bechtel, McCann Erickson, Eletrobras, Pacífico Vida Seguros and Odebrecht.


  • Jr. Amazonas 1007, Office 669-A,
  • Cajamarca,
  • Peru
  • Tel +5176 59 4064
  • Fax +5176 59 4141
  • Jr. Independencia 467 oficina 107 ,
  • Trujillo,
  • La Libertad
  • Peru
  • Tel +5144 34 - 6998

Banking & Finance - Peru

THE FIRM Sources praise this firm for its work dynamic in financial transactions, its business perspective and its responsiveness. Notable names in its client portfolio include Morgan Stanley, Citibank and BNP Paribas. The team was retained to advise BBVA Continental on its USD35 million loan to Exsa. It also has expertise in advising borrowers, having acted for Shougang Hierro Perú on the USD240 million loan it received from Banco de Crédito del Perú, Santander Overseas Bank, Citibank and HSBC.

Sources say: "This is one of the top Peruvian names in financial matters. The team is active and does top-quality work."

KEY INDIVIDUALS Partner Oscar Arrús is fast becoming a star, according to sources who describe him as "a highly visible and extraordinary lawyer who offers spectacular service."

Sources note that partner Sergio Amiel "is a great lawyer with a great future ahead of him."

Partner Thomas Thorndike wins plaudits from sources for "getting directly involved in the transactions he leads and adding dynamism and quality to the work."  

Corporate/M&A - Peru

THE FIRM This firm is commended by sources for its client-friendly, efficient service, coupled with its good attention to detail. The practice group advises NG Restaurants, Peninsula Investments and JPMorgan, among others. Recent highlight work in the corporate and M&A field includes assisting Volcan Compañía Minera on its acquisition of all the capital stock of Hidroeléctrica Huanchor.

Sources say: "The firm is methodical in its work and excellent in its response times, and stands out in terms of client service."

KEY INDIVIDUALS Sources recognise department head Emil Ruppert for his "work and experience in the M&A field, as well as his mining expertise." 

Sources admire partner Oscar Arrús's expertise in the banking and finance sector. He works on various matters related to fields such as M&A and project finance.

Partner Sergio Amiel "is a great lawyer for the purchase and sale of assets because of his quick understanding and skills," according to sources.

Dispute Resolution - Peru

THE FIRM This full-service firm provides expert analysis on a wide range of dispute resolution matters across areas such as tax, employment and competition law. Sources note the team's client service, business knowledge and high-quality advice. It continues to provide legal counsel to leading clients Anglo American, Barrick Gold and Citibank. Recent highlights include its defence of American Airlines against Lima Airport Partners regarding the validity of an administrative resolution.

Sources say: "We have a very good impression of the firm – it gets involved with the client and really takes an interest."

KEY INDIVIDUALS According to sources, partner Bruno Marchese is "an experienced lawyer." He focuses on litigation and arbitration matters.

Department head Fausto Viale Salazar has considerable experience in the litigation and arbitration areas, where he continues to represent leading clients.

Associate Carlos Martínez is noted as a specialist in litigation with sources describing him as "a proactive and reliable lawyer."

Energy & Natural Resources - Peru

THE FIRM This respected firm has a long-standing involvement in Peruvian mining matters, advising clients such as Shougang Hierro, Anglo American and Barrick. Sources emphasise its know-how and long track record in the field. Recent highlight work saw the team provide legal counsel to Xstrata on licences and permits regarding the Las Bambas project, among other things.

Sources say: "I would certainly recommend this firm for its mining expertise."

KEY INDIVIDUALS Sources celebrate Xennia Forno's mining expertise. She frequently acts as lead partner in many of the department's high-profile cases.

According to sources, Emil Ruppert "has experience in corporate-related mining matters and I would recommend him."

Energy & Natural Resources - Peru

THE FIRM Sources praise this firm's ability to deliver to deadline and provide top-quality legal analysis. The team's client portfolio includes names such as Enel Green Power and Empresa Eléctrica Río Doble. Recent highlights saw the team advise on a power purchase agreement on behalf of Corporación Aceros Arequipa.

Sources say: "The firm has profound knowledge of the energy sector and does its utmost to find the best solutions." 

KEY INDIVIDUALS Sources heap praise on department head Brendan Oviedo, describing him as "an energy expert who has a good working relationship with the authorities."

Labour & Employment - Peru

THE FIRM The labour and employment practice at this respected full-service firm offers the full range of labour services to its clients in the mining, banking and aviation sectors. These services range from planning, social security, pensions and immigration to compliance, collective bargaining and litigation. The team is currently assisting mining giant Barrick regarding a claim filed by a subcontractor's employees.

Sources say: "We are very happy with the team and trust its advice, which is always spot-on."

KEY INDIVIDUALS Víctor Ferro Delgado is the head of department and championed as a point of reference in the Peruvian labour field, with clients highlighting his "ample sector knowledge and extraordinary judgement, which helps us make the right decisions."

Senior associate Carlos Cornejo Vargas comes highly recommended by clients, who describe him as "a brilliant labour specialist."

Associate Armando Gutiérrez receives praise for his commitment to his clients and knowledge of procedural labour law.

Projects - Peru

THE FIRM This ten-strong practice group's expanding client roster includes names such as BNP Paribas Securities, Bank of America Merrill Lynch and Credit Suisse. On the energy side, clients such as Empresa Eléctrica Río Doble, Peruana de Inversiones en Energías Renovables and Gas Natural de Lima y Callao also turn to this team for advice. It is noted for its activity on the financing front, where it recently acted as Peruvian counsel to Merrill Lynch in a bond transaction worth an estimated USD300 million for the financing of a public health infrastructure project. In a second key mandate, the team advised BNP Paribas as arranger and Crédito del Perú and Banco Internacional del Perú-Interbank as lenders on a bond transaction of an approximate USD522 million to finance Linea Amarilla's Via Paque Rimac Toll Road project.

Sources say: "What stands out is the calibre of the attorneys and their knowledge of the matters we consult them about. They provide us with innovative solutions."

KEY INDIVIDUALS Oscar Arrús advised Merrill Lynch and BNP Paribas and is noted by sources for his project finance work, describing him as an excellent attorney.

Brendan Oviedo's experience in power and regulatory matters is highlighted by sources, who say he is increasingly visible in the energy market.

Thomas Thorndike's project financing expertise is underlined by sources, who appreciate his "excellent negotiation skills and very strong knowledge of the nuances of project finance."

Sergio Amiel impresses clients as "a spectacular attorney with ample knowledge."

Public Law - Peru

THE FIRM This public law department has an experienced team that deals with a wide range of public law-related matters such as private investment projects, proceedings before government institutions, project development and the acquisition of business permits, concessions and authorisations. The department is praised for its levels of service and the personalised advice on offer. In highlight work, the team is advising Corporación Aceros Arequipa on a tender process before the Peruvian private investment promotion agency relating to a consortium bid for the concession of the design, financing, construction, operation and maintenance of the General San Martín port in Pisco.

Sources say: "The firm has maintained a strong practice in the public law ambit. The lawyers stand out for dealing with clients on a personal level, and for the agility of their response."

KEY INDIVIDUALS Both clients and peers praise Milagros Maraví Sumar for her experience and clarity in public law matters. She heads the administrative and regulatory law department at the firm.

Real Estate - Peru

THE FIRM This firm covers a wide range of real estate issues from a mining and energy perspective. Sources praise the team for its willingness to find solutions and for its expertise in legal framework matters. It represents a notable roster of clients in this space, including Barrick Gold, Anglo American and Newmont Mining. The team's assistance to Generalima includes advice on purchase agreements and the registration of property rights to allow the company to develop power projects at three different locations.

Sources say: "The team is excellent, efficient and reliable."

KEY INDIVIDUALS Associate Carolina Saenz brings corporate and competition law experience to the table. She is noted by sources for her activity in the real estate sphere.

Tax - Peru

THE FIRM The tax practice at this firm is recognised for its mining expertise and routinely participates in tax matters relating to the natural resources sector. The team also acts as counsel to a number of high-profile investment banks while its client roster includes the likes of Newmont Mining, BNP Paribas and Morgan Stanley. A recent highlight saw the team advise BNP Paribas as lender on the tax aspects of the Línea Amarilla toll road project financing.

Sources say: "They take on our issues as if they were their own, and do their utmost to find the best solution."

KEY INDIVIDUALS Clients commend practice head Luz María Pedraza as "excellent to work with," also noting her "very good character." She led the team advising BNP Paribas on the tax elements of the Línea Amarilla toll road matter.

Experienced tax specialist César Luna Victoria is a key member of the team. His practice has focused of late on tax planning related to the insurance, energy and banking industries.