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Rafael Corzo

Work +51 1 610-4749
Miranda & Amado

Work Department




Lawyer from Universidad Católica Santa María (Arequipa). Partner of Miranda & Amado Abogados since 1999. His professional practice is focused in banking and insurance regulation, transactions, foreign investment and complex litigation counseling; and for which he is annually recognized by specialized publications such as Chambers & Partners, The Legal 500, IFLR, Who’s Who Legal and LACCA.

Has counseled the Peruvian Government in the process of Collection of one of the most important post-privatization debts in Peru (in the steel sector) and in the operation of the acquisition of the Shell Service Stations by Primax (joint venture between ENAP-Romero Group). Has been currently participating in a complex regulatory and bankruptcy claim in diverse jurisdictions, initiated in Peru by a European bank, in the establishment of a banking entity in the Financial System and in the establishment of an Electronic Money Issuer (“EEDE”, for its Spanish acronym), and in the process of design of several complex structures of judicial stability for national and foreign investments in Peru (Judicial Stability Agreements – Proinversion).

Counsels Citibank-Peru, Deutsche Bank (Peru), BCP and Banco Itaú BBA on a regular basis on regulatory matters. Has participated in the merger of Banco Santander – Peru and Banco Mercantil (1996), as well as in obtaining banking licenses in Peru for Citibank, HSBC and the Rep Office of Banco Itaú BBA.


English, Spanish


  • Universidad Católica de Arequipa, Lawyer (1991).


Banking and finance

Within: Banking and finance

The ‘exceptional’ team at Miranda & Amado draws widespread praise both locally and internationally for its expertise in sophisticated transactions and bank regulatory work, including an impressive track record in establishing and licensing new banks in the jurisdiction. Indeed, it’s regulatory work is ‘at the highest level within Peru and compares very favourably with international firms’, while overall the firm is ‘among the best in Peru in banking and financial matters’. Accordingly, it is the preferred choice for an array of market-leading banks and financial institutions, such as JP Morgan Chase, HSBC and Citibank. The firm acted for Bank of America, Citigroup, Credicorp Capital and JP Morgan Chase as underwriters of Peru LNG’s $940m senior notes issue, and advised leading domestic bank trio BBVA Banco Continental, Banco de Crédito del Perú (BCP) and Scotiabank Peru on their $174m syndicated loan to the Metropolitan Municipality of Lima for its 2016-18 investment plan. Other showcase deals include advice to French investment bank, Natixis and ABN AMRO on their refinancing of a £475m credit facility for commodity trading and logistics company Trafigura Peru, while project finance work included advising Banco Santander and Corporación Andina de Fomento (CAF) on its $183m loan to Terminal Portuario Paracas for the development and upgrade of the Puerto General San Martín de Pisco project. Fees are ‘very reasonable for the quality of the work provided’. Key figures in the ‘knowledgeable’ and well-resourced team are: department head José Miguel Puiggros; Rafael Corzo and Nydia Guevara who together are noted for their ‘good knowledge of the industry’; Juan Luis Avendaño Cisneros, who is ‘very good, not only at providing legal advice but in explaining the regulatory environment’; Roberto MacLean; and Luis Marcelo De-Bernardis.

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Bankruptcy and restructuring

Within: Bankruptcy and restructuring

Miranda & Amado is strong in all areas of insolvency and restructuring under the leadership of specialist Rafael Corzo, who has ‘extensive experience’, particularly in insolvency. He is flanked by of counsel Renzo Agurto, whose areas of expertise include corporate reorganisation, wind-up procedures and liquidations. The firm’s large banking client base lends to a creditor-focused practice, but the six-lawyer team also advises regulated entities and distressed companies, if required. An extensive caseload includes continued advice to mining company Compañía Minera Santa Inés y Morococha (CMSIM) in its $48m claims concerning the insolvent Castrovirreyna Compañía Minera; and representing non-bank, e-money issuer Jupiter Technology Peru in voluntary dissolution and liquidation proceedings. Deutsche Bank Peru is also a client.

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Corporate and M&A

Within: Corporate and M&A

Miranda & Amado remains hard to beat for complex, high-value and cross-border transactions, often earning the role of regional Latin American co-ordinator for deals. The heavyweight, 26-lawyer team, matched in resources by few firms in the market, provides ‘excellent industry knowledge, good response times and precise advice’. Clients also rate the personalised service: namely, attention from partners and an understanding of the client’s business. Luis Miranda succeeded Bruno Amiel as corporate head, with Amiel stepping up into the firm’s strategy committee. Miranda brings ‘commitment and creativity’ to the table and led advice to fuel retailer Primax on its $300m purchase of almost 450 petrol stations from competitor Grupo Pecsa. The experienced Roberto MacLean, assisted by banking and insurance specialist Rafael Corzo and head of tax Rocío Liu, acted for Intercorp Financial Services on its $268m acquisition of Peruvian insurance and mortgage companies Seguros Sura and Hipotecaria Sura from Sura Asset Management and Group Wiese respectively. The department’s six corporate and M&A-focused partners also include: the ‘very sharpBruno Amiel, who has a ‘strong character which is perfect in a tough negotiation environment’; Nathalie Paredes, who led TC Latin America Partners on its acquisition of Villa en El Polo real estate project, comprising the construction of 941 apartments in Lima; and Anahi Com. The 20-strong associate bench includes María Pía Talavera, who ‘stands out’ for her ‘relevant legal advice’. Clients include Telefónica del Perú, International Finance Corporation (IFC) and Mexican pharmaceutical, Laboratorios Sanfer.

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Within: Insurance

Miranda & Amado fields a strong team in this area, which provides ‘very solid advice and expertise’ and is closely linked to its market-leading finance practice. Rafael Corzo has ‘deep knowledge’ and leads the practice alongside Anahi Com; while of counsel Eduardo Wiese and associate José Villafuerte provide regulatory know-how. The team is lead counsel to one of the two most dominant insurers in the Peruvian market, RIMAC Seguros, and gained Intercorp Financial Services/Interseguro Compañía de Seguros and Belcorp International as new clients this year. Matters included assisting the Peruvian Association of Insurance Companies (APESEG) with the drafting of new regulations for insurance coverage of the private pension system.

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