The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Posadas, Posadas & Vecino

MONES ROSES 6937, CP 11500, MONTEVIDEO, URUGUAY
Tel:
Work +598 2604 1604
Fax:
Fax +598 2604 6604
Email:
Web:
www.ppv.com.uy

Uruguay

Banking and finance
Banking and finance - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino's ‘international-standard team’ acts for a veritable raft of local and multinational financial institutions, with representative names including Banco Santander, BNP Paribas and Inter-American Development Bank. Among its recent lender-side highlights, group head TomĂĄs GurmĂ©ndez (‘extremely smart and experienced’) advised a group of creditors on several ‘normalisation agreements’ with JBS Group to provide greater financial security for the meat processing giant. GurmĂ©ndez also advised SociĂ©tĂ© GĂ©nĂ©rale Spain, as agent for a syndicated group of lenders, on a €120m revolving credit facility to Saeta Yield. The firm also handles a steady stream of work for borrowers, especially on the projects and infrastructure fronts. Pablo Sequeira, who is particularly noted for regulatory matters, is also recommended.

Leading individuals

Tomas Gurméndez - Posadas, Posadas & Vecino

[back to top]

Corporate/M&A
Corporate/M&A - ranked: tier 2

Posadas, Posadas & Vecino

‘Professional and solution-oriented’ Posadas, Posadas & Vecino demonstrates ‘a clear focus on the client’s needs’. In particular, clients list the team’s ‘quick response times’, ‘tailor-made advice’ and ‘ability to adapt to changing circumstances’ among its key attributes. In a major coup, Coca-Cola turned to the firm for advice on its $250m disposal of Montevideo Refrescos to Mexico’s Coca-Cola FEMSA - sector specialist Fernando de Posadas led that work. Elsewhere, Gerardo Caffera advised Uruguayan diary giant Conaprole on the sale of its distribution unit CE.ME to Transamerican Group. The practice also benefits from the senior experience of TomĂĄs Guerrero and Tomas GurmĂ©ndez, who jointly head the department alongside de Posadas. In addition, the firm fields a talented second line of associates, with LucĂ­a Barrios and Andres Aznarez both impressing.

Leading individuals

Fernando de Posadas - Posadas, Posadas & Vecino

TomĂĄs Guerrero - Posadas, Posadas & Vecino

Rising stars

LucĂ­a Barrios - Posadas, Posadas & Vecino

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino distinguishes itself through its ‘great flexibility and adaptability to client needs’, as well as its ‘strongly personalised service’. Group head Luis Nin particularly demonstrates a ‘profound knowledge of the law’ and brings to bear over 30 years’ experience in commercial and civil disputes and international arbitration. Among his recent highlights, Nin represented Gas Sayago in the bankruptcy proceedings of the Uruguayan branch of OAS and related litigation. Associate María Laura Capalbo is also recommended.

Leading individuals

Luis Nin - Posadas, Posadas & Vecino

Next Generation Partners

MarĂ­a Laura Capalbo - Posadas, Posadas & Vecino

[back to top]

Labour and employment
Labour and employment - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino’s ‘very knowledgeable group’ handles a broad mix of compliance, consultancy and contentious work for an impressive raft of multinational clients, with representative names including AerolĂ­neas Argentinas, Cargill and Grupo Portillo. Senior associate Gonzalo Gari  co-leads the team and recently advised Julio CĂ©sar Lestido on the restructuring of its employees’ salary scheme, which included employee and union negotiations. Senior associate Cecilia Demarco, who co-leads the group, is also recommended.

Next Generation Partners

Cecilia Demarco - Posadas, Posadas & Vecino

[back to top]

Real estate
Real estate - ranked: tier 1

Posadas, Posadas & Vecino

The ‘very reliable’ group at Posadas, Posadas & Vecino has an enviable track record in both investment and development matters, with real estate trusts standing out as a notable sweet spot. Indeed, clients commend it for its ‘dedicated teams in both the notarial and trusts areas, which is rare in Uruguay’. Among its highlights, group co-head Pablo Sequeira advised CWK Desarrollos on the $19m construction of a major residential complex in Carrasco. Eduardo Ferrari, who co-leads the practice, is noted as ‘pro-deal, practical and sophisticated’; he provides ongoing advice to internet-based food provider PedidosYa on its real estate acquisitions. The group is also well versed in retail, leisure and industrial real estate projects. Associate Federico Peñasco, who is the key relationship contact for clients such as Berkes Construcciones y Montajes, is also recommended.

Leading individuals

Eduardo Ferrari - Posadas, Posadas & Vecino

Pablo Sequeira - Posadas, Posadas & Vecino

Rising stars

Federico Peñasco - Posadas, Posadas & Vecino

[back to top]

Tax
Tax - ranked: tier 2

Posadas, Posadas & Vecino

‘One of the most reputable teams in the country’, Posadas, Posadas & Vecino impresses with its strong international tax expertise, with clients commending its ‘solid cross-border know-how, which is extremely beneficial for multinational clients’. ZonamĂ©rica-based group head RaĂșl Vairo ‘knows the law inside out’ and recently advised BTG Pactual on cross-border funds issues. Montevideo-based associate Guillermo Sena provides capable support.

Leading individuals

RaĂșl Vairo - Posadas, Posadas & Vecino

Rising stars

Guillermo Sena - Posadas, Posadas & Vecino

[back to top]


Further information on Posadas, Posadas & Vecino

Please choose from this list to view details of what we say about Posadas, Posadas & Vecino in other jurisdictions.

Uruguay

Offices in Montevideo, Punta del Este, and Montevideo

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • CommuniquĂ© on Equity Crowdfunding Is Officially Published

    By way of background, in January 2019, the Capital Markets Board (“ CMB ”) had issued an announcement on its website on the Draft CommuniquĂ© on Equity Crowdfunding [1] . The CMB has now officially published the CommuniquĂ© on Crowdfunding No. III-35/A (“ CommuniquĂ© ”), on October 3, 2019. The CommuniquĂ© entered into force as of October 3, 2019.
  • Beneficial Ownership Concept new interpretation from the Russian federal tax service

    The recent interpretative letter issued by the Russian Federal Tax Services (“FTS”) on 08th August 2019, has provided further guidance as to the application of the Beneficial Ownership Concept, further to the letter initially provided on the 12th of April 2018 which adopted a strict approach of the concept. 
  • Cyprus and Netherlands Double Tax Treaty Update

    Cyprus has concluded the negotiations for the avoidance of double taxation with the Netherlands. The double tax treaty was agreed at technocratic level in Hague. It is expected to be signed by the end of 2019 or early in 2020.
  • Vacancy - Senior Corporate Lawyer

    The Senior Corporate Lawyer, who will be reporting to Partners, will be working with both the firm’s legal team as well as the financial services team. The successful candidate will be requested to show initiative, take on certain responsibilities within the firm, work in a multinational environment and will immediately be given the opportunity to further advance their career within the law firm.
  • CJEU RULED ON THE APPLICATION OF THE BENEFICIAL OWNERSHIP CONCEPT

    The judgment of the Court of Justice of the European Union (CJEU) on February 26, 2019, in the “Danish Beneficial Ownership Cases”, can be perceived as a landmark on the interpretation of the Beneficial Ownership concept under the Interest and Royalties Directive (IRD) and the Parent-Subsidiary Directive (PSD).
  • Court of Justice rules on source of income for Derivative Residence applications

    On 2 October 2019, the Court of Justice delivered its judgment in Bajratari v Secretary of State for the Home Department (Directive 2004/38/EC) Case C-93/18 which concerns Chen applications and the source of funds for self-sufficiency. 
  • End of the ‘centre of life test’ in Surinder Singh cases?

    In the recent case of  ZA (Reg 9. EEA Regs; abuse of rights) Afghanistan   [2019] UKUT 281 (IAC ), the Upper Tribunal found that there is no basis in EU law for the centre of life test, as set out in Regulation 9(3)(a) of the Immigration (European Economic Area) Regulations 2016 (the “Regulations”). It further found that it is not to be applied when Judges assess  Surinder Singh  cases that appear before them.
  • ITALIAN RULES ON JOINT VENTURES IN PUBLIC PROCUREMENT AND CONCESSIONS

    Italian rules on jointventures concerning public procurement and concession contracts are set out inlight of the European legal framework provided for in Directive 2014/23/EU and 2014/24/EU of the European Parliament and of the Council. The European rules aim to ensurethe best use of public money so that EU citizens benefit from strategicinvestments and services at fair prices. In this context, public procurementand concessions represent key instruments that need to be regulated and standardisedin order to ensure free movement of goods, freedom of establishment and freedomto provide services.
  • Terms of employment as a sole representative

    In this article we examine the working arrangements of sole representatives, looking at the terms and conditions of employment that the Home Office will expect a sole representative to have in order to qualify as a representative of an overseas business.  
  • Can Sole Representatives Be Shareholders?

    The Immigration Rules require that an applicant for a  sole representative visa  is not “a  majority shareholder in the overseas business”.