Cuatrecasas > Lima, Peru > Firm Profile

15073 LIMA

Peru > Corporate and M&A Tier 2

With the arrival of Diego Carrión in July 2022, Cuatrecasas continues its ascendancy in the Peruvian market and has been very active in M&A transactions in a relatively slow market. The practice offers wide-ranging corporate expertise, which encompasses M&A, distressed M&A, joint ventures, due diligence on deals and restructurings. Carrión, who joined from Hernández & Cía, now co-heads the team alongside Oscar Trelles and brings experience in domestic and international M&A transactions, as well as securities matters and financing arrangements. Managing partner Trelles stands out in cross-border M&A and private equity transactions. Kiomi Osorio is a key member of the team, who was promoted to partner in April 2022 and handles corporate and financial transactions, and advises on financial regulation.

Practice head(s):

Oscar Trelles; Diego Carrión

Key clients



Inversiones TDV / Textil del Valle

Hudbay Peru

Yinson Renewables

Natura Cook

Acciona Energia

Ashmore Group

Administracion de Empresas

Negocios Inmobiliarios La Quinta

Total Produce (Dole)


Prima AFP

Grúas ETAC

Comunal de Grupo

Work highlights

  • Advising Hortifrut on selling a 75% stake in its subsidiary HFE Berries Perú to a subsidiary of the Canadian corporation Public Sector Pension Investment Board (PSP Investments).
  • Advising Stracon on several acquisitions in the Americas, including the acquisition of an additional 15% stake in Stracon Technologies.
  • Advising the shareholders of Ashmore Energy Perú and Stracon Holdings on the takeover merger between Ashmore Energy Perú (absorbing company) and Stracon Holdings (absorbed company).

Peru > Banking and finance Tier 3

Cuatrecasas continues its upward trajectory in the Peruvian market and has recently taken on new corporate clients; it works in tandem with other offices in the firm’s broad global network for support on cross-border deals. The practice is led by Aldo Reggiardo and focuses on acquisition and corporate finance, refinancing and restructuring, direct lending and project finance. Reggiardo has notable experience in complex structured finance deals and handles project finance deals in the infrastructure, energy and mining sectors. Kiomi Osorio, who was promoted to partner in April 2022, is a key contact for financing regulation, capital markets deals, financial transactions and corporate law matters. Carlos Lasarte relocated to the firm’s Madrid office and Ana María Sánchez relocated to the firm’s Bogota office at the start of 2022.

Practice head(s):

Aldo Reggiardo

Key clients

Agencia de Promoción de la Inversión Privada – PROINVERSIÓN

San Martin Contratistas Generales

BTG Pactual

Textil del Valle

Inversiones TDV



Work highlights

  • Advised Agencia de Promoción de la Inversión Privada on determining the guaranteed indebtedness permitted under a concession agreement.
  • Advised San Martin Contratistas Generales on obtaining a new tranche of the loan granted by Banco BTG Pactual (Cayman Branch), guaranteed by a cash flow trust and an asset trust.
  • Advised BTG Pactual on granting a loan to Ricardo Palma Rentas, a company controlled by estate investment fund CCLA Desarrollo and Rentas Urbanas, to build the Ricardo Palma Real estate project.

Peru > Dispute resolution: Arbitration Tier 3

Cuatrecasas‘ arbitration practice was established in December 2019 and is headed by Domingo Rivarola, who specialises in commercial dispute resolution. The team is experienced in domestic and international arbitration in a range of sectors, but has particular expertise in the infrastructure, transport and energy industries. Other key contacts include associates Rodrigo Rabines, Laia Valdespino and Elody Malpartida, who are all skilled in domestic arbitration and proficient in commercial disputes.

Practice head(s):

Domingo Rivarola

Key clients

Perú Masivo (Transmasivo)

Metropolitan Media (Grupo Mejía)

Comité de Cooperación Económica del Sistema Interconectado Nacional

Municipalidad Distrital de San Isidro (República del Perú)

Ministerio de Cultura (República del Perú)

Work highlights

  • Advised Perú Masivo on several disputes related to the Metropolitano system’s public transport service.
  • Advised Comité de Cooperación Económica del Sistema Interconectado Nacional on disputes related to energy contracts.
  • Advised Metropolitan Media on disputes related to the concession contract of the Metropolitano system’s public transport service.

Peru > Tax Tier 4

Led by Juan Pablo Porto, the tax group at Cuatrecasas acts for domestic and international clients in cross-border transactions, tax structuring and optimisation. More specifically, the practice advises on administrative matters, audit procedures and VAT recovery, and acts for both businesses and individuals. Porto is experienced in tax consultancy services, transactional matters and audits, and is supported by associate Giorgio Balza, who handles investments and wealth management.

Practice head(s):

Juan Pablo Porto

Key clients

W Capital Safi

Tubos Y Perfiles Metálicos



Redsys Servicios De Procesamiento

Promotores Inmobiliarios (Global Inmobiliaria)

Odebrecht Peru Ingenieria Y Construccion

Odebrecht Latinvest Perú Ductos

Océano Seafood

Nisa Inmuebles


La Quinta Feria


Consorcio Constructor Ductos Del Sur

Concesionaria Chavimochic

Cintac Saic


Cannfarm Peru

Boomerang Arts

Ayf Wiese

Work highlights

  • Carried out a review to perform a tax optimisation for SALOG’s operations through the change of the business structure.
  • Advised NextLot on the tax effects of different contracts with service providers (local and foreign) and not-for-profit entities with which it engages for the lottery business, per Peruvian regulations.
  • Advised AYF Wiese on a collection defence against the Tax Administration and the Tax Court.

Peru > Labour and employment

Energy and natural resources > Mining

Latin America: International firms > Corporate and M&A Tier 4

Cuatrecasas is a significant player in Latin America thanks to its offices in Peru, Colombia, Mexico and Chile. Alongside its growing teams in these jurisdictions it has a substantial group of Latin America-facing practitioners in Iberia and New York. It is among the most prolific advisers on Latin America transactions, excluding Brazil. Along with a range of local transactions, the firm has extensive experience in cross-border deals, including private equity investments and exits. In January 2023, the firm absorbed Mexican four-partner firm Rico, Robles, Libenson, S.Cl into its local Mexico office and wider Latin America team – which  remains best known for operations in the energy and infrastructure, healthcare and retail sectors. Alfonso Ugarte transferred from Santiago to New York in 2022 to head the Latin America M&A, finance and special situations practice in North America. He joined an established Latin America-facing M&A team there, including Antonio Baena and Diego Pérez-Yarza; Baena recently advised Patria on the sale of Odata, the local company that operates a network of data centres in Latin America. Alfonso Reina led the launch of the Bogota office before returning to Madrid where he continues to have a strong focus on cross-border M&A in Colombia. Peru-based Oscar Trelles is head of the Latin America M&A and private equity practice and has a fine record in cross-border transactions, including intra-regional deals. Chile’s Roberto Guerrero V, Colombia-based Juan Felipe Vera and Santiago Ferrer in Mexico City are also key partners.

Practice head(s):

Oscar Trelles

Key clients

Aon Mexico


Cementos Argos

CMB Prime Administradora General


Copptech Apparel



Hoya Optical Labs of America

IDE Water Technologies

Macquarie Capital

Pernod Ricard Chile


Sociedad de Inversiones Norte Sur



Vass Consultoria de Sistemas

VFS Chile

Work highlights

  • Advised Array Technologies on its acquisition of Soluciones Técnicas Integrales Norland (STI Norland), one of the solar market leaders in Spain, Portugal and several jurisdictions in Latin America.
  • Advised Patria on selling Odata (Brazil).
  • Advised Linzor Capital on selling Mundo Pacífico (Chile).

Colombia > Energy and natural resources

Cuatrecasas’ energy team has been on an upward trajectory since the hire of department head and project finance specialist, dual-qualified (Colombia/New York) Ana María Sánchez, who joined in February 2022 from Peruvian firm, Rebaza, Alcázar & De Las Casas. The group was further reinforced in May 2022 with the addition of senior associate Manuel Gómez from Brigard Urrutia, who brings experience in energy, infrastructure, and public law. Project finance is a notable sweet spot for the team and it has also demonstrated strong recent showings in project development, joint ventures, and M&A-related work. Finance specialist Manuel Quinche and energy and infrastructure-focused senior associate Fabio Ardila are also noted.

Practice head(s):

Ana María Sánchez

Key clients

Total Eren


EDF Colombia




Abo Wind

CTG Latam


Yinson Renewables


Atitlan Helios

Atlántica Yield


Transmisora Colombiana de Energía

Work highlights

  • Advised Banca de Inversión Bancolombia on its alliance with Celsia, through a joint venture agreement.
  • Advised Mainstream, as the sponsors, on financing the design, construction, operation, and maintenance of the Andromeda project, a photovoltaic plant with an installed capacity of 100MW.
  • Advised Bancolombia, Inter-American Investment Corporation, and Inter-American Development Bank on financing a portfolio of three solar photovoltaic plants in Puerto Gaitán, Meta.

Colombia > Projects

According to sources, the work product of Cuatrecasas‘ projects team ‘is always characterised by high quality’. With a strong orientation towards finance transactions, it acts for a mix of banks, infrastructure companies, concessionaires, and funds on project finance, infrastructure project structuring and public tenders, among other matters. High-profile finance expert Manuel Quinche steers the practice and is highly regarded for project finance transactions. The department also includes dual-qualified (Colombia/New York) project finance and infrastructure partner Ana María Sánchez, who joined in March 2022 from Peruvian firm Rebaza, Alcázar & De Las Casas; project finance-focused Juan Carlos Puentes, who was promoted to partner in April 2022; and senior associate Natalia Arango.

Practice head(s):

Manuel Quinche


The synergy that is seen across the different teams of this firm is rarely seen in other law firms. The team that Manuel Quinche established in Cuatrecasas is, in my opinion, the most complete for structured finance in the Colombian market.

I have constant contact with Ana María Sánchez, senior associate Natalia Arango and junior Sofía Esguerra. I only have praise for this team; its work is always characterised by high quality — even when working under tight schedules, it manages to adjust commitments and carry out the challenges of large-scale projects. Its lawyers’ personal qualities are also outstanding.

Key clients


Bancóldex, Davivienda, FDN, BID, BID Invest y Fondo Chino de Co-financiamiento para América Latina

Concesionaria Rutas del Valle, Patria Investments, Mercantil Colpatria

Metro Línea 1

Concesionaria Doble Calzada Oriente

Natixis, New York Branch

Transmisora Colombiana de Energía

Unión para la Infraestructura

Bancolombia, Fondo de Deuda Senior para Infraestructura en Colombia CAF-AM Ashmore I

Banco Davivienda

Concesionaria Ruta al Sur

Concesionaria Doble Calzada Oriente

International Construction Bank of China (ICBC), Bank of China

Vía 40 Express (co-obligor), VINCI Highways & Constructora Conconcreto (sponsors).

Work highlights

  • Advised Bancolombia on granting financing to Empresa de Transporte Masivo del Valle de Aburrá to design, build and commission the light rail line along 80th Avenue in Medellín.
  • Advised Concesionaria Rutas del Valle, Patria Investments, and Mercantil Colpatria on the financing of a project developed by Concesionaria Rutas del Valle and which involves the financing, construction, rehabilitation, operation and maintenance of the new Cauca Valley highway network and the Cali and Palmira highway access roads.
  • Advised Metro Línea 1 on a bridge loan governed under Colombian law for up to $200m, and also on a bridge loan governed under UK law for up to $100m, from a group of Colombian and Chinese lenders to design, build, provision, operate, develop and maintain Bogota’s first metro line.

Latin America: International firms > Banking and finance

Cuatrecasas’ multi-office strategy in Latin America continues to pay dividends. The offices in Mexico, Colombia, Chile and Peru advise a range of financial institutions, funds and corporates on acquisition finance, project finance, trade finance, and refinancings and restructurings, among other matters. It is noted for Spanish law-governed financings and has landed a number of major restructuring engagements. Bogota partner Manuel Quinche leads the team and has a fine record in corporate lending, project finance and real estate finance. Santiago’s Roberto Guerrero V has impressed in the restructuring field and Lima partner Aldo Reggiardo is well regarded for project finance. Mexico City partner León López is another important figure in project finance; while Madrid partner Carlos Lasarte regularly advises on Spanish law financings in Latin America, notably advising Bancóldex on its Spanish law bilateral loan agreement with BBVA.

Practice head(s):

Manuel Quinche

Key clients


Interconexión Eléctrica (ISA)

BTG Pactual




JP Morgan Chase

Inversiones CMPC

Carlyle Global Credit Investment Management


Work highlights

  • Advised Bancóldex on negotiating a bilateral loan agreement subject to Spanish law with BBVA.
  • Advised Costa Verde Aeronáutica (as DIP lender) 0n providing financing for Latam Airlines in the US Chapter 11 proceedings and also on approving the restructuring plan for Latam Airlines Group.
  • Advised BTG Pactual, Banco de Bogotá, Banco de Occidente and Banco Santander on structuring the corporate financing granted to the ACON Group–Vitalis.

Latin America: International firms > International arbitration

Cuatrecasas’ prominence in Latin America-related international arbitration field stems from its commitment and track record in Spain, coupled with its growing presence in Latin America itself. Unlike many other international firms, it has a sizeable team of international arbitration specialists based in Latin America. With a steady influx of investment and commercial arbitration engagements, the team is best known for energy, infrastructure and construction cases. It has represented parties in a series of headline infrastructure disputes. Madrid partner Alfonso Iglesia leads the international arbitration group and is hugely experienced in Latin America-related arbitrations, including those involving Mexico, Colombia, Peru, Chile, Panama, Ecuador and Dominican Republic; he has acted in a series of recent ICSID and ICC cases. Santiago partner Cristián Conejero is a senior figure in the team and is noted for construction arbitrations. Alberto Zuleta is another experienced arbitration expert in Bogota along with René Irra in Mexico City and Domingo Rivarola in Lima. Madrid partners Alberto Fortún and Manuel Franco are also active in Latin America cases, both noted for construction, infrastructure and energy disputes. Raised to the partnership in April 2022, Uruguay-qualified Juan Manuel Rey (in the Santiago office), is also noted.  

Practice head(s):

Alfonso Iglesia

Key clients

International Consortium (ACS, FCC, Webuild, Cosapi, Ansaldo, Hitachi) Metro de Lima

Sociedad Concesionaria Peruana de Vías (COVINCA)

Perú Masivo (Transmasivo)

Work highlights

  • Initiated two ICSID arbitrations on behalf of an international consortium regarding the construction of Lima’s second subway line.
  • Represented a client in ICSID arbitration proceedings against the Republic of Peru in a €50m dispute relating to a highway concession.
  • Represented Perú Masivo in an arbitration initiated by Protransporte (currently, Autoridad Nacional de Transporte Urbano para Lima y Callao – ATU) relating to the rate increase carried out by the concession companies of the Metropolitano system’s public transport service in Lima, Peru.

Latin America: International firms > Projects and energy

Cuatrecasas’ projects and energy practice in Latin America is largely driven by its local office in the region, in Mexico, Colombia, Chile and Peru. It has a broad-based practice covering transport infrastructure, social and community infrastructure, and energy (including renewables, oil and gas, and mining). The firm has worked on a series of road and highway projects in Colombia and Mexico, and advises a range of project sponsors and lenders in the wider region. Bogota partner Manuel Quinche is an experienced project finance expert, especially in the transport infrastructure (including roads, railways and metro lines) and renewables segments. Lima’s Aldo Reggiardo is also a recognised project finance specialist in the energy, infrastructure and mining fields. Mexico City partner León López is another key figure.

Practice head(s):

Manuel Quinche; Aldo Reggiardo

Key clients

Vinci Highways, Constructora Conconcreto, Industrial Conconcreto, Vía 40 Express

Concesionaria Férrea de Occidente S.A.S. (wholly owned by China Civil Engineering Construction Corporation), Bank of China

Bancolombia, Inter-American Investment Corporation, Inter-American Development Bank

BTG Pactual

Sacyr Construcción

Metro Línea 1

Natixis (New York Branch)



Unión para la Infraestructura

IDE Water Technologies

Etermar – Engenharia e Construção, Sociedad Anónima Sucursal en la República del Perú

Sumitomo Mitsui Banking Corporation and Société Générale

Banco Davivienda

Currie & Brown

DVP Solar

IBT Health

Work highlights

  • Acted as special Colombian counsel to Concesionaria Férrea de Occidente in connection with the financing of the project to design, build, operate and maintain the 40km Regiotram de Occidente railway in Bogotá.
  • Advised Metro Línea 1 on a $200m bridge loan governed under Colombian law and a $100m bridge loan governed under UK law for the design, construction, provisioning, operation, development and maintenance of Bogota’s first metro line.
  • Advised Exolum Aviation on the infrastructure and regulatory matters relating to the new fuel farm for Jorge Chavez International Airport, Lima.

Colombia > Public law

Cuatrecasas has been increasingly involved in the public law sphere since the hire of  dual-qualified (Colombia/New York) infrastructure specialist Ana María Sánchez, who joined in February 2022 from Peru’s Rebaza, Alcázar & De Las Casas, the nascent practice group subsequently being consolidated in the latter half of the year with the incorporation of senior associates Manuel Gómez Fajardo and Diana Rueda from Brigard Urrutia and Posse Herrera Ruiz, respectively .

Cuatrecasas Peru has a highly specialized legal team with extensive knowledge and experience in the Peruvian market. Our Lima office combines our local resources in Peru with our network of offices in Latin America and the rest of the world to offer clients a unique experience that adds value to their business.

Our team in Lima covers all areas of business law, providing top level advice on corporate and M&A, finance, tax, litigation and arbitration . Our team has worked in some of the most relevant and complex transactions and cases in the last few years.

The local knowledge of the Peruvian market, together with the international background and experience of our lawyers, allows us to advise all types of clients on their transactions in Peru and abroad, with widespread market recognition in their specialty areas.

Latin America is a key region for the firm. We currently have around 250 professionals working in the region at our four local offices located in Bogotá, Lima, Mexico City and Santiago. Our lawyers work seamlessly and use the synergies between offices to provide our clients with comprehensive domestic and cross-border advice, as well as in matters that require efficient coordination between several jurisdictions.

Our clients include many leading Latin American companies as well as a mix of international players from Spain, Portugal and around the globe.

Department Name Email Telephone
Corporate and M&A Oscar Trelles +51 1 350 9016