CMS Grau is well placed to handle international mandates by virtue of its global network, but it is also active in the local and regional market as well. Its broad range of experience includes acting for clients in the finance, consumer products, mining, energy, fishing and education sectors, among others. Head of practice Michelle Barclay has over 20 years’ experience in insolvency, corporate restructuring, liquidation, corporate refinancing and distressed M&A, and is often involved in US Chapter 11 bankruptcy proceedings. Victor Farro (who was promoted to the partnership in November 2021) has impressive credentials, which includes a 13-year stint at the Instituto Nacional de Defensa de la Competencia y de la Protección de la Propiedad Intelectual (INDECOPI); he is recommended for international insolvency matters, particularly those involving complex litigation. Senior associate Javier Marquez is a name to note for competition and administrative procedures.

The pre-eminent corporate restructuring and insolvency team at Rebaza, Alcázar & De Las Casas is well regarded for its advice on public and private restructuring matters, acting for both debtors and creditors. The team is experienced in many sectors, including agro-industry, textiles, retail, fishing, and banking and financial services. It stands out in the market for its dedicated practitioners Gonzalo De las Casas and José Antonio Jiménez, who handle a wide range of matters, including restructurings, reorganisations, distressed M&A, and complex bankruptcy procedures. Daniel Gonzáles is internationally experienced and focuses on corporate reorganisations and restructuring in the construction and industrial sectors; while Marcia Arellano, who was promoted to partner in January 2022, is well versed in contentious insolvency proceedings, IP and unfair competition matters. At the more junior end, associate Carlos Alfonso Bossio is an additional name to note for bankruptcy and corporate advice.

Rodrigo, Elías & Medrano – Abogados operates at the top of the market when it comes to restructuring and insolvency matters; it fields a team with in-depth knowledge of bankruptcy law, and which has experience in reorganisations and asset-acquisition operations involving insolvent and distressed companies. Offering multidisciplinary advice with ancillary support from tax, employment, banking and disputes practitioners, the practice is well placed to cater to a range of businesses, including those in the aviation, financial services, construction, oil-and-gas, and mining sectors, among others. Practice head Guillermo Puelles handles both private and public insolvency, as well as restructuring and liquidation. Hugo Silva is another key practitioner, alongside Jorge Trelles who is recommended for corporate liquidation proceedings and M&A involving distressed companies. Associate Renzo Rossi is also a name to note for liquidation and banking regulatory matters.

The restructuring, workouts and turnarounds team at Martinot Abogados acts for both creditors and debtors on a wide range of bankruptcy matters. With a background in finance, the team has a wealth of experience in regulatory matters, as well as in corporate M&A issues, and focuses primarily on the mining, financial services, insurance and real estate sectors. With over 20 years’ experience in corporate, contract, foreign investment and bankruptcy law, Luis Fernando Martinot heads the practice. However, Yanira Becerra, who handles corporate workouts and turnarounds, among other matters, moved in house at LegalBox.pe in December 2021. Key support is provided by associates Karla Paz and Yuri Montesinos, both of whom have over 10 years’ experience in bankruptcy and out-of-court restructuring, respectively.

Drawing on its banking and finance practitioners for support, the insolvency and restructuring team at Miranda & Amado caters mainly to creditor clients but is also well versed in acting for debtors. Its multidisciplinary team has considerable experience in regulated industries, such as financial services, oil and gas, transport and mining. The team is jointly led by Renzo Agurto ('a brilliant professional in insolvency and restructuring') and Rafael Corzo; with Agurto recommended for restructuring and winding-up transactions; and Corzo focusing on regulatory banking and insurance matters. Senior associate Lisbeth Benavides is particularly experienced in insolvencies, regularly handling cases with cross-border aspects.

Gerardo Guzmán heads the practice at BBGS Abogados, aided by the experience of founding partners Carlos Saco-Vertiz and Eduardo Landerer. The team’s work includes advising creditors on bankruptcy procedures, defending clients against bankruptcy petitions and negotiating with creditors during liquidation procedures. On the restructuring side, the team acted for Cineplanet in successfully negotiating an agreement with its bondholders, as well as working with an education client to restructure its securitisation bonds. Since publication, Guzmán has left the firm to joing Rubio Leguía Normand  - effective February 2023.

At Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados, practice head Anthony Lizárraga Vera-Portocarrero and senior partner Guido Muñiz act in the firm’s key bankruptcy matters, including advising the main shareholder in the long-running, multimillion-dollar bankruptcy proceedings of Doe Run; and working for Pepsicola Panamericana in the similarly long-term bankruptcy proceedings of CEPSA. The team predominately advises creditors, with associate Jackeline Acevedo providing frequent assistance with matters. Associate Gino Ontaneda provides support on the practice group’s debt restructuring work, such as aiding construction company Andrade Gutierrez with its own debt restructuring, and advising banking entity ICBC Peru on the restructuring of debts held by mining and public utilities companies.

All Philippi Prietocarrizosa Ferrero DU & Uria's bankruptcy matters are handled by practice director Alfonso Pérez-Bonany, whose previous experience includes a stint at INDECOPI and specialises in restructuring and liquidation proceedings. Pérez-Bonany advises both debtors and creditors, including Doe Run in its liquidation proceedings, where the firm’s full-service nature allows it to tailor advice to the debtor’s industry and provide support in related areas such as tax and labour. Recent work also includes assisting Kirkland & Ellis’ Hong Kong office with a cross-border debt recovery, involving advice on Peruvian bankruptcy regulations, as well as representing clients before INDECOPI.