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Garrigues

AV. VICTOR ANDRES BELAUNDE 332, OFICINA 701, SAN ISIDRO, LIMA, PERU
Tel:
Work +51 1 399 2600
Fax:
Fax +51 1 399 2699
Email:
Web:
www.garrigues.com

Peru

Banking and finance
Banking and finance - ranked: tier 1

Garrigues

'Excellent firm' Garrigues excels in all the segments of finance work, from banking regulatory and capital markets to all forms of structured and project finance. It is the go-to firm for a number of leading New York law firms and international investment banks requiring Peruvian counsel for headline or sophisticated transactions. Acting alongside Shearman & Sterling LLP, JosĂ© Francisco Meier led advice to JP Morgan, Morgan Stanley, Santander, Scotia Capital and Scotiabank PerĂș -as global coordinators, initial purchasers and bookrunners- on the Republic of Peru's $3.1bn sovereign bond issue, a record figure for an emerging economy in the international capital markets. Meier also counselled DirecTV PerĂș (as co-guarantor alongside a swathe of domestic and international financial institutions) on the $1bn credit facility granted to Sky Serviços. Department head Oscar ArrĂșs is widely respected in the market; he represented Bank of America Merrill Lynch and BTG Pactual, as international placement agents, in Grupo EnergĂ­a BogotĂĄ (GEB)'s $665m global share offering; and provided local advice to CorporaciĂłn AmĂ©rica Airports on its $485m IPO on the New York Stock Exchange (NYSE). ArrĂșs leads a compact yet 'technically-able' four-partner team, which also includes Sergio Amiel and Thomas Thorndike, both noted for their corporate as well as financial law capability. The junior bench is both expanding and growing in reputation,  and now totals 18 in number. Notable associates include: Diego Harman, Jorge Fuentes and HĂ©ctor Zegarra. Representative clients of the practice include CrĂ©dit Agricole, Santander, Citibank, Natixis and Alicorp, as well as numerous global investment banks.

Leading individuals

Oscar ArrĂșs - Garrigues

Sergio Amiel - Garrigues

Rising stars

Diego Harman - Garrigues

Jorge Fuentes - Garrigues

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Corporate and M&A
Corporate and M&A - ranked: tier 2

Garrigues

'Excellent firm' Garrigues prides itself on offering small deal teams operating at the highest, international standards, with partners who are front-of-house on transactions. In Peru, clients note the local team's 'unique' industry knowledge and technical knowhow; indeed, practice co-heads Sergio Amiel and Oscar ArrĂșs, together with JosĂ© Francisco Meier and Thomas Thorndike, all draw praise for their expertise and commercial awareness. A sizeable associate pool includes standout principal associates HĂ©ctor Zegarra and Diego Harman and experienced senior associate Jorge Fuentes. Both Zegarra and Fuentes assisted ArrĂșs with Alicorp's $300m cross-border acquisition of Bolivia's Industrias de Aceites (IASA) and Global Cassini; while Amiel represented Red ElĂ©ctrica Internacional (REI) on its $205m agreement with Bow Power Cobra to acquire the CCNCM electricity line and substations in northern Peru. New clients include Romero Group, Veolia and IFC.

Leading individuals

Sergio Amiel - Garrigues

Rising stars

Diego Harman - Garrigues

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Dispute resolution
Dispute resolution - ranked: tier 3

Garrigues

Garrigues fields considerable expertise in the form of Melissa Nuñez Santti and the vastly experienced Hugo Forno FlĂłrez, who is, according to one client, 'the best jurist in Peru' and 'the star individual of that team'. The pair are cultivating a successful practice at the firm, winning clients such as Cosapi, PetroperĂș and Prosegur, alongside existing clients including TelefĂłnica del PerĂș and Engie Energia PerĂș. Litigation mandates includes representing construction company Viva GyM in a $30m land dispute with Activos Peruanos, while an extensive arbitration-caseload includes advising on pre-arbitraln proceedings concerning a multibillion-dollar investment in the oil-and-gas sector.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Garrigues

Garrigues stands out for its knowledge and teamwork, say clients, and is a market leader in project finance, where practice head Oscar ArrĂșs excels. However, the Lima office of this Spanish-powerhouse firm has capability across the whole life-cycle of projects, evidenced by its work for Petroperu, advising on the structuring and execution of an international bid process for the operation of its major oil terminals in southern Peru. Other headline instructions include representing the lenders, Sumitomo Mitsui Banking Corporation and COFIDE, in a $142m financing to Ergon Peru for the development of its photovoltaic renewable-energy projects. Key members of the team include: regulatory and public law partner Victor Baca; corporate partner Sergio Amiel; and both Thomas Thorndike and JosĂ© Francisco Meier, who typically act for sponsors and financiers. Principal associates Diego Harman and Johanna Holz are noteworthy regulars on deal teams.

Leading individuals

Oscar ArrĂșs - Garrigues

Rising stars

Diego Harman - Garrigues

Johanna Holz - Garrigues

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Public law and regulation
Public law and regulation - ranked: tier 1

Garrigues

Garrigues fields a 'very specialised team that knows the subject of public law and regulation in depth' and provides 'solid experience combined with agility and a desire to exceed expectations'. Although best-known for its advice on major public infrastructure, the team offers market-leading administrative and regulatory advice. The expertise of practice head Victor Baca, who 'guarantees an excellent legal approach and out-of-the-box solutions', combined with the 'innovation' of associates Eduardo Ortega and Johanna Holz, provide 'a good balance', say clients. In a major mandate, the team is advising PetroperĂș on the structure and execution of its international bidding process for the operation of its major oil terminals in southern Peru. Demonstrating its versatility, the team is also advising Media ProducciĂłn on the public law aspects of its broadcasting of the Pan American Games on behalf of the state organisation responsible for the Games. Other names to note in a practice group which 'stands out' for fast response times and 'constant contact' with clients, are: senior associate Giancarlo Vignolo, who has a focus on energy and power; and associate Lissy Vega Centeno, formerly of Graña y Montero.

Leading individuals

Victor Baca - Garrigues

Rising stars

Eduardo Ortega - Garrigues

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Tax
Tax - ranked: tier 3

Garrigues

Tax remains Garrigues' signature strength and the Lima practice group excels in the provision of tax support on complex and high-value transactions and major projects. The team acted for Alicorp, for example, on the tax aspects of its $300m acquisition of Bolivian listed-company Industrias De Aceite (FINO); and represented Cobra, a division of Spanish construction company ACS Group, on its $100m financing to develop a wastewater plant in southern Lima. Experienced tax specialist Javier De La Vega now leads the practice single-handed following the March 2019 departure of former co-head José Chiarella to co-found Damma Legal Advisors. A solid second line includes principal associates Luis Valle, Rafael Martinelli and Rosa Chevarría.

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Further information on Garrigues

Please choose from this list to view details of what we say about Garrigues in other jurisdictions.

Belgium

Offices in Brussels

China

Offices in Shanghai and Beijing

Chile

Offices in Santiago

Colombia

Offices in Bogota

Spain

Offices in A Coruña, Alicante, Cåceres, Granada, Las Palmas, León, Malaga, Murcia, San Sebastian, Valladolid, Vitoria, Zaragoza, Oviedo, Burgos, Palma de Mallorca, Pamplona, Barcelona, Seville, Bilbao, Madrid, Vigo, Valencia, Tenerife, Logrono, Toledo, and Madrid

London

Offices in London

Morocco

Offices in Casablanca and Tangier

Mexico

Offices in Mexico City

Peru

Offices in Lima

Poland

Offices in Warsaw

Portugal

Offices in Lisbon and Oporto

Legal Developments by:
Garrigues

  • CHANGES IN THE REGIME GOVERNING RESTRICTIONS ON VOTING RIGHTS AT SPANISH LISTED COMPANIES

    On June 17, 2010, following a rough and eventful passage through Parliament, the Lower House of the Spanish Parliament finally approved a transcendental amendment to the Spanish Corporations Law (to article 105.2) affecting only listed corporations: a prohibition on voting ceilings for a same shareholder (or companies in the same group), regardless of the number of shares they own. 
    - Garrigues

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