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VÍCTOR A. BELAÚNDE 147, TORRE TRES, PISO 12, SAN ISIDRO, LIMA, PERU
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Work +511 612 3202
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Web:
www.prc.com.pe

Peru

Banking and finance
Banking and finance - ranked: tier 1

Payet, Rey, Cauvi, Pérez Abogados

Clients at Payet, Rey, Cauvi, Pérez Abogados are extremely satisfied, remarking it is the ‘best firm I have worked with’, ‘of very high quality’ and provides ‘attention that is very personalised and successful due to the knowledge they have of our company and business’. The firm stands out for its strength across all facets of financial legal work, attracting headline transactions such as: advising China Development Bank on its $365m financing to Hydro Global Peru for the development of hydro power plants (the largest project finance for a private sector project in the country during 2017); and representing Eckerd Peru/Intercorp Group as borrower on its high-value bridge-loan financing from JP Morgan Chase and Citibank, which was part-used to acquire pharmaceutical distributor and retailer Quicorp. Capital markets transactions included: acting for Peruvian private equity fund manager Enfoca SAFI on its $950m private equity secondary transaction whereby managed funds were recapitalised into a new fund; and advising Banco de Crédito del Perú on its offering and issuance of PEN$2bn senior notes, the largest international Peruvian currency offering by a domestic private company. Graña y Montero is a key client of the practice, alongside domestic heavyweights Scotiabank Peru, BBVA Banco Continental and Interbank. Driving the practice is an eight-partner team led by José Antonio Payet and José Cúneo, who ‘inspire confidence’ through their experience, personal attention and ‘weight and fairness when negotiating, which helps conversations to flow’. Eduardo Vega leads the capital markets practice and is ‘very proactive and convincing in negotiations’. Other team members include ‘great’ and ‘extremely proactiveSusan Castillo; Aldo Reggiardo, who is client partner to China Development Bank; and recently made-up Alfredo Chan. Highly-rated senior associate Kiomi Osorio moved in-house.

Leading lawyers

José Antonio Payet - Payet, Rey, Cauvi, Pérez Abogados

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Competition and antitrust
Competition and antitrust - ranked: tier 1

Payet, Rey, Cauvi, Pérez Abogados

Carlos Patrón at Payet, Rey, Cauvi, Pérez Abogados is a leading figure in the field and directs an ‘excellent’ team of associates, of whom Julia Loret de Mola, David Kuroiwa and Giancarlo Baella stand out for their broad experience. The team acts for some of the country’s largest companies, such as Nexus Group, InRetail Perú Corp, Ford Peru and Banco de Crédito del Perú. Mandates include acting for Lima Gas in an INDECOPI investigation into horizontal price fixing and other coordinated practices in the domestic gas market; and representing Supermercados Peruanos on appeal before the consumer protection tribunal of INDECOPI regarding alleged pricing error practices.

Leading lawyers

Carlos Patrón - Payet, Rey, Cauvi, Pérez Abogados

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados is a dominant force in the corporate arena, where practice co-head and ‘top negotiator’ José Antonio Payet is renowned for the gravitas and ‘fairness’ he brings to the table. Together with ‘greatSusan Castillo, who is praised for her ‘astuteness in the preparation and negotiation of contracts’, the pair lead one of the largest teams in the market, attracting some of the country’s most high-profile and high-value transactions. Payet, assisted by Eduardo Vega and Iván Chu (capital markets and tax partners, respectively), led advice to Enfoca SAFI, Peru’s largest private equity fund manager, on its £950m fund recapitalisation, a deal managed by Goldman Sachs Asset Management and Canada Pension Plan Investment Fund. In another headline deal, the firm advised InRetail Perú Corp on its $583m acquisition of private healthcare company Quicorp; again, the deal was led by Payet – this time assisted by counsel Giovanna García, who recently joined the firm from a government role, and senior associate Alvaro Carrasco, who is singled out by clients for his ability. Other stand-out partners include José Cúneo, who is praised for his personal attention and ability to let ‘conversations flow’; and Juan José Cauvi, who advised real estate developer Inversiones Centenario on its £78m acquisition of Inmuebles Comerciales del Perú. Alfredo Chan was elevated to partner, and along with Cauvi, combines his M&A practice with leading the firm’s real estate team.

Leading lawyers

José Antonio Payet - Payet, Rey, Cauvi, Pérez Abogados

Susan Castillo - Payet, Rey, Cauvi, Pérez Abogados

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Dispute resolution
Dispute resolution - ranked: tier 2

Payet, Rey, Cauvi, Pérez Abogados

Very high quality’, Payet, Rey, Cauvi, Pérez Abogados represents multiple leading domestic and international companies – such as Backus and Johnston Brewery, Interbank, Lima Gas and BNP Paribas – in complex and high-value contentious issues. Máximo Gordillo ‘knows how to anticipate the strategy of the opposing party’ and successfully defended Scotiabank in a $50m claim brought by the Military and Police Pension Fund for contract annulments and damages. Practice co-heads Julio César Pérez and Domingo Rivarola are both in demand. The firm is one of the growing number of full-service firms to cultivate a white-collar crime practice to complement its ‘very good’ commercial litigation and arbitration offering. The criminal practice is led by prominent practitioner José Caro John, who is praised for his ‘knowledge’ and ‘astute solutions’, and senior associate Juan Diego Ugaz.

Next generation lawyers

Juan Diego Ugaz - Payet, Rey, Cauvi, Pérez Abogados

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Environment
Environment - ranked: tier 3

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados provides a ‘very high level of service’ in this field, largely due to the expertise of senior associate and practice co-head Vanessa Chávarry, who is highlighted for her knowledge and experience in environmental issues. The firm acts for a broad spectrum of clients, from banks and mining companies to businesses in other heavy industries, such as electricity and gas. It acts for R P Global Perú on the environmental and social aspects of its various hydroelectric power plants around the country; and provides regular advice to Compañía Minera Las Camelias, Enel Generación Perú and Lima Gas, among others.

Next generation lawyers

Vanessa Chávarry - Payet, Rey, Cauvi, Pérez Abogados

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Labour and employment
Labour and employment - ranked: tier 3

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados welcomed backed ‘outstanding’ Germán Lora as head of the practice after a year as adviser to the Ministry of Labour Affairs, providing valuable partner input to the practice and a ‘prompt and effective’ service. He guides a team of 13 associates advising a good mix of international and sizeable domestic companies – such as Nestlé Perú, América Móvil Perú, and recent gains Faber Castell Peruana and Concesionaria Vial del Perú – on a range of issues. The firm is representing packing supplier Forsac Perú on collective bargaining, judicial proceedings and arbitration.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Payet, Rey, Cauvi, Pérez Abogados

Strong across the board of both financing and regulatory matters, Payet, Rey, Cauvi, Pérez Abogados advises some of the biggest names involved in the country’s current major projects, whether financiers, constructors or developers. It acted for China Development Bank as lender to Hydro Global Perú in the construction and operation of the 209MW San Gaban III hydro power plant – the advice led by practice co-head Aldo Reggiardo; and continues to advise trophy client Graña y Montero, as shareholder in Gasoducto Sur Peruano, on the termination of the concession agreement for the Southern Gas pipeline, led by co-head of practice Juan Antonio Egüez.

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Public law and regulation
Public law and regulation - ranked: tier 2

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados has markedly increased its public-sector client base during the past year, gaining the government ministries for Transport and Communications, Health, and the Economy and Finance as new clients; private sector wins included Organización Terpel (formerly Exxon Mobil), Inca Rail and Lipigas Group. Alonso Rey is advising the Ministry of Economy and Finance on the PPP project Red Vial No. 4 for the construction of an additional roadway in the Panamerican Highway in northern Peru. Team leader Gerardo Soto is advising Graña y Montero on the regulatory aspects of the termination of the Southern natural gas pipeline project.

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Tax
Tax - ranked: tier 3

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados specialises in corporate taxation, international tax planning, litigation and the tax aspects of banking and finance, where it advises on some of the largest deals in the market. Head of the practice Iván Chu provided tax advice to Enfoca SAFI, Peru’s largest private equity fund manager, on its £950m fund recapitalisation – a deal managed by Goldman Sachs Asset Management and Canada Pension Plan Investment Fund. Chu has ‘great knowledge of tax legislation and is always ready to answer to any doubt you may have’, while overall ‘the services provided in the tax area clearly reflect that’ this is ‘one of the leading legal firms in Peru’.

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Peru: Energy and natural resources

Electricity
Energy and natural resources: electricity - ranked: tier 2

Payet, Rey, Cauvi, Pérez Abogados

A stellar client base at Payet, Rey, Cauvi, Pérez Abogados includes Enel Generación Perú and related companies, Electroperú and national grid operating body, COES. The firm is ‘very experienced in electrical and electrical environmental regulation’ and typically advises on regulatory issues, administrative proceedings and power purchase agreements, for example. Head of practice Gerardo Soto and senior associate Mayra Aguirre are providing ongoing advice to Genrent del Peru concerning its Iquitos Cold Reserve Generation Plant, value $100m. Project finance partner Aldo Reggiardo, assisted by Aguirre, led advice to China Development Bank on its $365m financing to Hydro Global Peru for the construction of the San Gabán III hydroelectric power plant.

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Mining
Energy and natural resources: mining - ranked: tier 4

Payet, Rey, Cauvi, Pérez Abogados

Payet, Rey, Cauvi, Pérez Abogados strengthened its mining capability with the hire of counsel Ángel Chávez, formerly of the Ministry of Energy and Mines. He joins head of practice and corporate and finance partner José Cúneo, who is successfully building the practice, which ‘being a young area’ for the firm, ‘means the attitude and impetus of its members makes the service quite agile and efficient’. Clients include Compañía Minera Las Camelias (a recent gain), Compañía Minera Zafranal and Gold Fields La Cima. Environmental senior associate Vanessa Chávarry is a ‘very good professional who knows the sector very well’.

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Peru

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