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Standing firm as ‘one of the pillars of Uruguay’s legal market’, Ferrere’s ‘highly knowledgeable, solution-orientated and efficient’ practice garners rave reviews. Clients draw particular attention to its ‘fluid and immediate communication’ and its ability to ‘form a complete interdisciplinary team that meets the full needs of the client’. The corporate group remains active across all key industry sectors, with specialist expertise in the financial services, retail, energy, infrastructure and TMT industries – among others. Department lead Martín Cerruti is a ‘force in the market’ and advised Weyerhaeuser on the $402.5m sale of its operations in Uruguay. In another headline deal, banking and insurance expert and ‘outstanding professionalGeraldine Ifrán acted for AIG on the $204m sale of its Uruguayan subsidiary to Fairfax Financial Holdings. Santiago Fontana is ‘extremely solution-oriented and strategic’ and acted alongside Cerruti to assist Syngenta with the acquisition of Nidera’s seed business in Uruguay and Paraguay. Gonzalo Secco is also a respected senior name. In addition, the team benefits from a strong second line of senior associates, with the ‘extremely goodSebastián Ramos and the ‘highly knowledgeable and responsive’ Alejandra García both singled out for praise.

The ‘experienced and client-focused’ practice at Guyer & Regules finds favour for its ability to ‘foster good relationships with everyone, including counterparties and state agencies’. Clients also appreciate its ‘very broad scope of advice’, ‘effective execution of cross-border transactions’ and ‘timely response times’. The team, which handles a comprehensive spread of corporate finance, M&A and regulatory matters, is led jointly by high-profile sector specialist Nicolás Herrera, who is ‘still the best in his field’, Nicolás Piaggio and Álvaro Tarabal. In a key highlight, Piaggio and Herrera paired up to assist Chilean casino operator Enjoy with its $173.1m acquisition of the remaining stake in Baluma. Other recent work includes Piaggio and Corina Bove’s advice to Bacardi-Martini on the sale of its Uruguayan operations to a subsidiary of Cepas Group; while on the regulatory side, ‘rising star’ Javier Berdaguer advised Terminales Graneleras Uruguayas on contract renegotiations following the implementation of a new phytosanitary protocol between Uruguay and China. Diego Baldomir, who is ‘very experienced’, and senior associate Guzmán Rodríguez are also noted.

Among Hughes & Hughes’ key attributes, clients commend its ‘high-quality work product’, ‘good responsiveness’ and ‘strong cost-effectiveness’; it is also widely recognised for its expertise in infrastructure and energy-related transactional matters. Former managing partner and corporate specialist Marcela Hughes left the firm in 2017 but Haroldo Espalter remains and sources highlight him as a ‘veteran lawyer with extensive and invaluable experience’. Espalter recently advised trophy client UPM on the negotiation of its investment agreement with the Uruguayan government to build a multibillion-dollar pulp mill. Elsewhere, Héctor Ferreira advised Fras-le on the $28m acquisition of two automotive parts companies in Argentina and Uruguay. Other recommended names are newly promoted partner Mariana Estradé, who is ‘thorough, diligent and responsive’, and Juan Carlos Oreggia Carrau.

Jiménez de Aréchaga, Viana + Brause’s corporate unit acts for an enviable roster of major multinationals – including Ericsson, McDonald’s and Fox Entertainment – and shines across a broad range of industries, with real estate, agribusiness, financial services and energy and natural resources standing out as particular areas of activity. Recent highlights include Nicolás Herrera Alonso and non-equity partner Cecilia Comas pairing up to advise Zurich Santander Seguros Uruguay on the $21m sale of its retirement insurance portfolio to Banco de Seguros del Estado. In another headline deal, Fernando Jiménez de Aréchaga Jr assisted Saeta Yield on its $65m acquisition of two wind farms. Senior corporate specialists Héctor Viana and Virginia Brause are also noted.

The ‘responsive and knowledgeable’ team at Posadas, Posadas & Vecino is particularly active in agribusiness, energy and natural resources, financial services and real estate matters, with a prominent record in high-profile foreign investment deals. Tomás Gurméndez is a ‘great lawyer’ and notably landed a key role in one of the most high-profile transactions to hit the market: namely, advising Fairfax Financial Holdings on the Uruguayan aspects of its $240m acquisition of the commercial and consumer insurance operations of AIG in Argentina, Colombia, Chile, Uruguay and Venezuela. Gurméndez also acted with Fernando de Posadas to assist BTG Pactual with its $403m acquisition of Weyerhaeuser’s operations in Uruguay. Tomás Guerrero jointly leads the team alongside Gurmendez and de Posadas.

Olivera Abogados’ ‘very solid and technical team’ secures strong praise for the work of ‘first-class commercial lawyer’ and department lead Ricardo Olivera García; he recently advised Servifor on its $3m acquisition by Brildani. The group also draws upon the expertise of ‘highly professional’ younger partner Juan Martín Olivera and ‘tax specialist’ Andrés Hessdörfer, who is also active in corporate matters. Other representative clients include Asset Managers Agente de Valores, Chariot Motors and Comsa EMTE.

In 2018, the ‘responsive and business-focused’ Fischer & Schickendantz became the first firm in Uruguay to combine with an international law firm when it joined Andersen Global to become Andersen Tax & Legal Uruguay. The firm scores highly for the ‘clear, well-informed and high-level advice’ provided by group head Federico Formento.

Bergstein’s practice, which is led by Jonás Bergstein, spans M&A, general business law and corporate compliance matters. It acts for an impressive roster of multinational names, with Amazon, Apple and General Motors all on the firm’s books. Guillermo Duarte is also a key contact.

Bragard Abogados handles a broad array of corporate matters, from incorporation through to M&A and corporate restructurings, with agribusiness and foreign investment matters forming the backbone of the practice. Corporate finance specialist Andrés Durán Hareau is recommended.

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