Garrigues fields a deep bench of experienced banking and finance practitioners, and acts for large international banks and financial institutions, as well as smaller domestic players. Its wide-ranging experience sees the practice handle deals in the energy, retail and consumer, banking services, heavy industry and mining areas. The team is led by Oscar Arrús, a finance-sector veteran with over 30 years’ experience acting for borrowers, and local and international financiers on a range of cross-border financings. Sergio Amiel and Thomas Thorndike are recommended for acquisition financings and project finance, and José Francisco Meier handles corporate finance and structured finance transactions. Diego Harman, in turn, acts for a roster of top international banks and has notable expertise in corporate and leveraged finance matters. A strong second line includes: counsel Héctor Zegarra and principal associates Jorge Fuentes and Miluska Gutierrez Vega (all three handle capital markets’ matters, along with project finance and M&A, corporate transactions, and project finance and financial-compliance matters, respectively; along with senior associate Jorge Calle, who undertakes both transactional and banking mandates.

The 15-strong banking and finance team at Miranda & Amado is now led by young partner Gabriela Dañino, who has a strong track record in project finance and fintech matters, and handles both cross-border finance and capital markets transactions. The practice acts for a strong roster of international banks, multilateral lenders and other financial institutions, as well as major domestic players, and also frequently acts as local counsel for large international law firms on cross-border deals. Its broad range of expertise includes structured and project finance, loans, banking-sector M&A, and regulatory matters. Senior partner Juan Luis Avendaño Cisneros has over 20 years’ experience in the industry and handles a broad range of high-profile transactional matters; Rafael Corzo, in turn, is the name to note for regulatory work. José Miguel Puiggros brings experience in acquisition, corporate and project finance, while the January-2022 promotion of Álvaro Del Valle – who works with borrowers and lenders and also has particular experience advising investment funds – brings the team’s partner-count to five. Key associate Lisbeth Benavides undertakes financings and project finance as part of a wider practice that also takes in corporate and bankruptcy law.

At 35 lawyers strong, Payet, Rey, Cauvi, Pérez Abogados fields one of the largest banking and finance groups in the country. Well known in the market for handling the structuring and implementation of complex transactions and financial products (both domestically and internationally), the practice counts medium and long-term loan mandates (syndicated or otherwise), project finance, securitisation transactions and acquisition financing, for both borrowers and lenders, among its broad range of areas of expertise. Deeply knowledgeable founding partner José Antonio Payet co-leads the team in conjunction with the similarly experienced José Cúneo: Payet is recommended for the full range of financial transactions and related matters; Cúneo for his broad financial practice and particular experience of transactions in the mining industry. Eduardo Vega, in turn, heads the finance and capital markets practice, while Giovanna  García is the name to note for project finance and investment funds work, along with finance-related corporate matters. Recently promoted partner Alan García Nores handles both corporate and financial law (and is notably active for banks and financial institutions), Principal associate Rocio Gordillo 's practice covers banking and finance, capital markets and corporate law.

Rodrigo, Elías & Medrano – Abogados stands out in the market for its focus on complex, high-value transactions requiring specialist expertise. Its client roster includes an impressive array of international commercial banks, multilateral institutions and development banks, as well as domestic banking institutions. Many of its practitioners have experience at large international firms and have practiced overseas; the firm utilizes these connections well, frequently acting as local counsel on large cross-border deals. Jean Paul Chabaneix heads the sizeable, 20-strong, practice which has an impressive track record in sovereign debt, securities, derivatives and a wide range of financing types, among other matters. Fernando Molina and Nicolás Cornejo both focus on project and corporate finance, along with M&A; while Juan Diego De Vinatea acts for national and international clients on direct and syndicated financing operations. Luis Enrique Palacios and Jorge Trelles are well versed in financing energy, infrastructure, telecommunications and mining sector projects. A healthy associate bench includes Cecilia Canepa, Efrain Salazar and Carolina Chipollini , among others, along with March-2022 hire, Victor León Chiri , formerly a senior associate at Cuatrecasas.

DLA Piper Perú is able to draw on expertise from its vast global network (such as the firm’s New York-based head of banking and finance in Latin America, Margarita Oliva Sainz de Aja) to handle cross-border deals with ease. Experienced in both transactional and regulatory matters, the nine-strong Lima-based group advises borrower and creditor clients across all types of financings  and associated matters, and also handles a fair amount of cross-over work in the corporate arena, including M&A and reorganisations for banks, finance entities, insurance companies and investment fund managers. With over 20 years’ experience in capital markets and banking matters, Sergio Barboza co-heads the team in conjunction with Ricardo Escobar, who handles financing transactions and projects work and is experienced in the infrastructure, telecoms, energy, mining, and oil and gas sectors, among others. A strong senior-associate bench includes Melissa Padilla (financings, refinancings and debt restructuring along with corporate and transactional matters, as well as particular expertise regarding development and multilateral-finance agencies’ processes, policies and requirements); Reyna Silva-Santiesteban (focused on projects matters, she has notable expertise in financial structuring; Farah Torres (whose practice centres on regulatory matters concerning the financial system, stock market and insurance) and transactional practitioner Juan Carlos Ramírez Malatesta.

Fielding an 18-strong team including six partners, Hernández & Cía acts for a healthy spread of domestic and international banks, investment funds and other financial entities. The group handles local and international mandates, including loans, project finance, leveraged financing, leasing arrangements, distressed debt, debt structuring, capital markets’ matters and work with investment funds. Many of its team, which is co-led by Juan Luis Hernández Gazzo, José Manuel Abastos and José Goyburu, have studied and practiced in the US, and have experience working in banks, financial institutions and trustee companies. Highly-regarded managing partner Hernandez Gazzo is well versed in high-profile finance deals; while Abasto, whose broad practice includes sovereign financing and public-private partnership (PPP) deals, acts for a roster of top banking clients, such as Goldman Sachs and Banco Santander; and younger partner Goyburu has particular expertise in leveraged financing and distressed debt. Probably best known for his projects-side work, Brendan Oviedo also acts for both lender institutions and borrowers in financing matters. Key support comes from senior associate Julien Labory-Alicq , who has become an integral figure in the firm’s banking group since his 2018-arrival from Clifford Chance (Paris), where he was an associate in the finance and capital markets practice.

The Peruvian office of regional player Philippi Prietocarrizosa Ferrero DU & Uria fields a 16-strong banking team -including four partners- that advises lenders, borrowers and agents on corporate and project finance, securities transactions, bond offerings, local and cross-border financings (including secured and unsecured financings), syndicated lending, securitisation and private equity lending. Additionally, it has developed considerable project finance expertise (particularly in the infrastructure and telecoms industries) and substantial regulatory knowledge of the entire banking sector and its distinct institutions and agents. Rafael Puiggros heads the practice and advises both domestic and international clients on M&A transactions and cross-border projects; Antonio Guarniz handles investment funds work; and well-known market figure Ronald Fernández-Dávila has a wealth of experience in project finance - particularly in the transport sector; he is also the Peruvian office’s member of the wider firm’s China desk initiative. Principal and senior associates, respectively, Luciana Carpio-Rivera handles project finance, corporate finance (direct and syndicated loans) and M&A, representing both local and international financial entities and private investors; while Fiorella Ruiz Del Campo has expertise in structuring financial facilities, an extensive background in financial regulation, and also undertakes international securities’ issuances (under Rule 144A/Reg.S), ‘JOLCO’ aircraft financings, ADRs and DIP financings, among other matters. However, capital markets and corporate finance partner Ignacio López De Romaña left the firm in August 2022.

The banking and finance department at Rebaza, Alcázar & De Las Casas offers broad expertise in financings, banking, private equity, regulatory and capital markets matters. Acting for lenders and borrowers (particularly in the mining, fishing, financial services and real estate sectors), the 12-strong team is co-led by name partner Rafael Alcázar and Daniel Gonzales. Alcázar -who also leads the firm’s capital market practice- is a well-known market figure especially reputed for financial regulatory and securities matters; he primarily acts for domestic and foreign banks, and other financial institutions; Gonzales, in turn, handles financing and capital markets transactions and has particular experience in distressed financings and corporate financings in the agriculture and education sectors. Luis Miguel Elías is recommended for financing deals in the mining sector and often handles cross-border work. A capable second line is constituted by senior associates Maria del Pilar Sánchez  (banking, insurance and private pension funds regulation; data privacy, consumer protection and compliance matters) and Maite Colmenter (whose practice is centred on corporate and project finance matters).

Rubio Leguía Normand caters to a national and international client base, and has notable experience in transactions, asset-backed financing and regulatory matters. It often takes a leading role in transactions in the Peruvian agroindustry sector and acts for big players in the industry. Andrés Kuan-Veng co-leads the practice and, as a native Chilean, is well placed to service the firm’s Chilean conglomerate clients in the financial sector. Fellow co-head Carlos Arata is recommended for acquisition, corporate and project finance; he also handles M&A, and the issuance of securities in capital market transactions. Leading the second line of the practice, principal associate Janett Burga arrived at the firm in October 2021 (replacing Eliana Pelaz who left for Freshfields Bruckhaus Deringer in Berlin); in addition to her all-round finance practice that encompasses project finance and capital markets, she is also the name to note for fintech-related matters. Additional support comes from associates Sheerley Cardenas  and Germán Gómez. Since publication, the March 2023 hire of Gerardo Guzmán -formerly at BBGS Abogados– has further strengthened the firm’s corporate and financial groups; he will also head up the bankruptcy practice.

The seven-strong banking and finance practice at CMS Grau handles a broad range of financing types and instruments, including traditional and syndicated lending, capital markets matters, trusts and trust bonds, equity and project finance, among others, acting for a consolidated client roster which reflects a notable focus on mining, energy and renewables, oil and gas, and infrastructure projects. The team is jointly led by Juan Carlos Escudero, Diego Peschiera and Miguel Viale; managing partner Escudero acts for financial institutions and a broad range of companies on banking and corporate matters; Peschiera focuses on capital markets, M&A, and both corporate and project finance; while Viale specialises in bank lending, trusts and securitisation. Key support is provided by senior associate Carlos Calderón; the co-founder and director of a small investment fund, his practice focuses on M&A, financings, capital markets, joint ventures and cross-border transactions. Since the conclusion of research, the practice has been further strengthened with the September 2022 hire of Juan José Hopkins, formerly the founding partner (and director) of SUMARA Hub Legal.

Banking and finance is a core area of practice for the Peruvian office of mid-market regional player BBGS Abogados, which recently became part of the international Elba Global law firm  alliance; the firm also offers services from offices in Chile, Colombia and Mexico offices. The seven-strong Lima-based team advises the full range of banking institutions, trusts, funds, sponsors and borrowers on complex financing transactions, acquisition finance, bridge loans, asset-based facilities, trade finance, margin loans, sovereign loans and structured finance transactions. Standout work for senior partner Carlos Saco-Vertiz and fellow practice co-head Gerardo Guzman includes a number of multimillion-dollar transactions for Banco de Credito del Peru over the last few years, but the pair also act for borrower clients from a range of industries, such as food services, sports betting and education. Eduardo Landerer completes the trio of co-heads; his practice covers financings and financial contracts, corporate M&A and restructuring - he is also the key contact for Banco de Comercio for trust agreements regarding public works.

Cuatrecasas‘ Peru office has perhaps been a little over-looked with the recent expansion of the firm’s offices in Chile and -particularly in terms of finance- Colombia; nevertheless the Lima operation continues to consolidate its presence, most recently with the hire of corporate, structured and project financing specialist Ana María Sánchez from Rebaza, Alcázar & De Las Casas in February 2022, extending the team’s infrastructure-finance capabilities. She joins a team that seeks to provide comprehensive advisory in the sector, from acquisition, corporate and project finance, to direct lending, refinancing and restructuring, and the incorporation of public investment funds. The team is led by office managing partner Aldo Reggiardo who also has extensive project finance experience; his recent mandates include advising on the structuring of a microfinance program. Primarily involved with in-bound investment, fellow partner and finance specialist Carlos Lasarte handles debt assignments, restructuring, refinancing, and acquisition and corporate finance. Recently promoted partner Kiomi Osorio‘s practice centres on financings and corporate M&A; former fellow senior Victor León Chiri left the firm in March 2022.

Mining and the extractive industries is the cornerstone of GSA  banking and finance expertise, with the firm advising clients such as Compañía de Minas Buenaventura and Compañía Minera Condestable Southern Peaks Mining on issues such as the restructuring of financing agreements, issuance and placement of notes, streaming agreements and bridge loans. The practice group’s clients also includes a number of multilateral lenders and development agencies; other recent mandates include a cross-border debt restructuring for a German investment management firm. Experienced figures Luis Gastañeta (corporate law, finance and transactions – particularly in relation to inbound investment) and Alfonso Tola (banking and finance, corporate M&A, projects and stock market and investment regulation-related matters) co-head the team; sophisticated support comes from consultant lawyer Mario Ferrari, who can draw on over 25 years’ experience at financial institutions including BBVA, Banco de Crédito (BCP) and Credicorp.

Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados operates a combined, 10-strong banking, finance and capital markets practice which is led by veteran practitioner and financial regulation specialist Sergio Oquendo. Firm founding partner Jorge Muniz is also an integral practice-group member, while younger partners Guillermo Flores and Rocío Izquierdo oversee the banking and finance component, and capital markets area, respectively. Flores’ recent mandates including credit agreements for engineering projects along with leasing and leaseback arrangements; on the latter, he was assisted by senior associate Fátima Villavicencio, a specialist in leasing transactions. The team often advises borrowers, such as acting for Banco BBVA Perú on obtaining multi-jurisdictional financing facilities and loan agreements; most recently this includes a $150m financing facility by Spanish lender Instituto de Crédito Oficial, led by Oquendo with assistance from senior associate Alesandra Azcárate, who focuses on cross-border acquisitions and financings. Fellow senior Alfredo Lau-Tam  led on matters regarding the negotiation of term loan facility agreements and  also as regards debt restructuring mandates. However, February-2021 hire Jeanette Aliaga subsequently left the firm at year’s end; (she has since moved to Benites, Vargas & Ugaz).