Banking and finance in Venezuela

D'Empaire

The highly regarded team at D'Empaire is regularly instructed by foreign banks and other financial institutions to handle restructurings and financing matters. Recent work saw the group advise Maurel & Prom on a financing transaction regarding a re-development plan pertaining to the increase of oil production following its acquisition of Shell’s stake in joint venture Petroregional del Lago. Fulvio Italiani assisted various banks, including BNP, Banco BPI and Banco Sabadell, with the closure of their representative offices in Venezuela. Carlos Omaña is another name to note. Roland Pettersson was a new hire in June 2019 from LEC Abogados.

Dentons

Dentons is included in the ranking for the first time following its takeover of the Venezuelan office of Norton Rose Fulbright. The team covers the full spectrum of banking and finance work, including advising on financing mechanisms for repayment, the conversion of commercial debt and currency conversion mechanisms. Practice head Rubén Eduardo Luján has a strong track record advising banks, insurance and reinsurance companies and other financial institutions; clients include Callidus Capital Corporation, CNPC and GE Energy Financial Services. Natalija Vojvodic combines expertise in the corporate, energy and banking area, and Daniela Jaimes is well versed in commodities, trade and shipping law.

Leĝa Abogados

Leĝa Abogados fields a team of experienced lawyers, who advise clients on the securitisation of loans and negotiation of credit facilities, among others. The team has a particularly strong track record with Asian and middle eastern banks, including MUFG Bank and Bank Hapoalim. Practice head Miguel Rivero is an expert in financing transactions in the oil and gas sector; he assisted Suelopetrol Exploración y Producción (SEPSL) with the drafting and negotiating of receivables pledge agreements and loan agreements for the purpose of securing financing for Petrocabimas, an enterprise joint venture between SEPSL and Petróleos de Venezuela (PDVSA). Luis López-Durán and José Alberto Ramírez advised Evolvere Capital on the setting up of the first private equity fund to start operations in Venezuela.

ARAQUEREYNA

The team at ARAQUEREYNA covers the full gamut of work in this area, advising on banking and finance matters, as well as capital markets and insurance issues. Other areas of expertise include developing programmes for the prevention and control of money laundering as well as foreign investment matters. Practice head Pedro Planchart has more than 30 years of experience in the banking and project financing area. Gustavo Reyna combines corporate and finance expertise. Pedro Sosa is another name to note.

InterJuris Abogados

InterJuris Abogados' team has 'a very unique set of skills and knowledge' and stands out for its 'experience, commitment and devotion to ensure clients' expectations are fully met'. The group assists clients with the creation of funds, the incorporation of financial institutions, M&A-related banking matters, and syndicated loans. Juan José Delgado and energy specialist Gabriela Rachadell de Delgado are advising CPVEN on the financing of three service contracts in Ecuador for three different oil fields. María Cecilia Rachadell and Delgado, who jointly lead the practice, assisted Alaluz Capital with the structuring of private equity funds with clients in Latin America.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia.

Mendoza, Palacios, Acedo, Borjas, Paez Pumar & Cia. has considerable experience advising local and foreign clients on the full gamut of banking and finance matters, including insurance, loan security, regulatory and contentious matters. Recent work also includes assisting with issues related to foreign sanctions. Carlos Eduardo Acedo represents Lexington Insurance Company in a collective insurance and reinsurance dispute regarding claims against Multinacional de Seguros. The client portfolio also includes Citibank, Munich Re and Banco Espítito Santo. Other names to note include Manuel Acedo Sucre and Luisa Acedo De Lepervanche as well as recently promoted partners Diego Lepervanche and Luisa Lepervanche.

Rodner, Martínez & Asociados

Boutique law firm Rodner, Martínez & Asociados has a strong banking and finance practice, which handles the regulatory and tax aspects of international transactions. The group also advises on loans, swaps and leasing transactions. James-Otis Rodner and Jaime Martínez Estévez are the names to note.

MCZ Legal Consultants

Key names to note at MCZ Legal Consultants include Pedro Crisfulli, who is well versed in matters relating to insolvency and currency exchange, and Maritza Mészáros, noted for her strong track record in financing transactions. The team also handles administrative claims against the state, regulatory issues and debt capitalisation for clients from a variety of sectors.

Raffalli de Lemos Halvorssen Ortega y Ortiz

Raffalli de Lemos Halvorssen Ortega y Ortiz is instructed by local and foreign financial institutions to handle matters relating to banking transactions, debt obligations and insurance. Other areas of expertise include regulatory matters as well as crisis and intervention advice. Jose Manuel Ortega Sosa has additional expertise in tax and corporate matters. Rafael de Lemos Matheus is another key practitioner.

Rodríguez & Mendoza

Rodríguez & Mendoza's areas of expertise include loan agreements, debt restructuring and the securitisation of assets. The team combines knowledge in different practice areas and also assists with related regulatory and tax matters. Notable practitioners are Reinaldo Hellmund, who has more than 30 years of experience as a lawyer, and Miguel Velutini.

Tinoco, Travieso, Planchart & Núñez

The team at Tinoco, Travieso, Planchart & Núñez works in alliance with Holland & Knight LLP's Venezuela focus group, and is well positioned to assist international clients with transactions, securities and bankruptcies as well as insurance and reinsurance matters. Alfredo Travieso is a key name for regulatory work, and Gustavo Planchart Pocaterra and Jose Santiago Núñez Gómez are also names to highlight.

Travieso Evans Arria Rengel & Paz

Travieso Evans Arria Rengel & Paz covers an impressive range of matters related to the banking and finance sector and its client base includes issuers, underwriters, investment bankers and financial advisers. The team has experience assisting with loan and credit restructuring agreements, security arrangements and investments and debt financing. Pedro Rengel Nuñez and Luis Tinoco Arria have longstanding expertise in the field.