Banking and finance in Puerto Rico

McConnell Valdés LLC

McConnell Valdés LLC regularly assists public and private borrowers in financing deals, and the team also stands out for having real estate finance experts. In the latter area, permitting and licensing processes and sales and acquisitions feature prominently in the practice's offering, thanks especially to corporate lawyer Ernesto Mayoral's involvement in such matters. Mayoral also coordinates the banking department, working alongside vice-chair Rubén Méndez-Benabe, who assists brokers, mortgage institutions and loan companies on a wide range of transactions.

O'Neill & Borges

O'Neill & Borges provides high-end banking and financial advice to local and foreign banks, holding companies and financial institutions, which it counts among its main clients. José Cacho stands out for his strong transactional practice, and Julio Pietrantoni is the key practitioner for securities matters. Also of note is the department's contractual, regulatory and compliance expertise.

Pietrantoni Méndez & Alvarez LLP

Financial institutions, banks and holding companies turn to Pietrantoni Méndez & Alvarez LLP for its expertise in regulatory and transactional topics, including equity securities and structured notes, and for its experience in dealing with financial regulators. Eduardo Arias is a core member of the team and focuses on US and local securities law. Iván Marrero represents corporate clients in private capital raisings and financial restructuring processes, the renewal of credit facilities and the expansion of operations, particularly in Central America and the Caribbean.

Cancio Covas & Santiago LLP

The banking and finance team at Cancio Covas & Santiago LLP particularly stands out for its work in developing financial products and in the issuing of securities. Managing partner Juan Ramón Cancio heads the practice and specialises in asset-based financings, workouts and distressed credits, and often advises corporations, commercial and investment banks and venture capital funds.

DLA Piper Puerto Rico

DLA Piper Puerto Rico stands out for being actively involved in banking and finance transactions throughout Latin America. The team is particularly well known for acting for a significant number of international financial entities in matters involving the formation of the entity, including corporate and tax structuring advice, and the process of obtaining licences and permits to operate and commence operations. Tax, corporate, regulatory and transactional advice complete the offering. José Sosa-Lloréns and Nikos Buxeda are the key lawyers in the team.

Practice head(s):

José Sosa-Lloréns; Nikos Buxeda

Key clients

Banco Popular de Puerto Rico

Puerto Rico Banking Association

Bancredito International Bank & Trust

Citibank

San Juan Mercantile Bank & Trust International

FaceBank International Bank

Advantage International Bank

WTC International Bank

Activo International Bank

IU International Bank

Banco San Juan Internacional

New World International Bank

Work highlights

  • Providing advice to new financial entities in connection to the early stages of the formation of the entity, from corporate and tax structuring advice, to obtaining the license and permits to operate and commence operations.
  • Advising Biomass Green Fuels on corporate, tax, permitting and environmental matters as well as energy regulation and financing of the project.

Ferraiuoli LLC

Ferraiuoli LLC has a broad banking and finance offering, focusing especially on securitisations, e-commerce and financial regulation. Benefiting from the team's expertise are Puerto Rican, US and international banks, as well as alternative lenders, insurers and private clients. Jaime Mercado Almodóvar heads up the team and is an expert in regulatory matters, the prevention and mitigation of conflicts of interests, and public finance and PPP transactions. José Rovira chairs the commercial lending and corporate finance practice.

Goldman Antonetti & Córdova

Goldman Antonetti & Córdova has a strong banking, finance and financial institutions team led by of counsel Thelma Rivera. The department is best known for representing lenders, especially international and local banks, mortgage lenders, credit unions and cooperatives, but borrowers are also represented by the team. Capital financing, acquisition finance and project finance are among the main areas of focus, and Rivera is particularly renowned for M&A, asset securitisation and commercial lending transactions. Myrna Lozada-Guzmán often works for financial intermediaries, brokerage firms and venture capital funds.