Firm Profile > Garrigues > Lima, Peru

Garrigues
AV. VICTOR ANDRES BELAUNDE 332
OFICINA 701
SAN ISIDRO, LIMA
Peru

Banking and finance Tier 1

Garrigues is favoured by international and domestic banks as well as large companies for complex, cross-border and high-value transactions, fielding an internationally-experienced and ambitious team led by widely-respected Oscar Arrús. The practice shines for its 'sophisticated, efficient and high-impact’ solutions, while a varied deal list demonstrates versatility across a range of finance structures alongside banking regulatory advice, acting for an array of domestic and international banks, including Bank of America and Citibank. The promotion of Diego Harman to partner in 2020 raises the partnership team to five, which also includes Sergio Amiel and Thomas Thorndike, both singled out for their transactional expertise, and project finance and corporate transaction specialist, José Francisco Meier. Jorge Fuentes is among a number of skilled associates and played a role in mulitple key deals last year, such as advising Bank of Nova Scotia, Citibank and Bank of America as lenders of a $500m loan to Alicorp to finance its acquistion of Intradevco.

Practice head(s):

Testimonials

The team members are highly experienced and have solid knowledge of the practice. Their skills are unquestionable and they propose very fast, high-impact and accurate solutions. Compared to other offices, their solutions are  sophisticated and efficient’.

Thomas Thorndike is a very experienced lawyer who proposes suitable solutions and strategies, as well as ways to approach different issues that arise. Sergio Amiel has a lot of experience and handles topics with an indisputable efficiency. This provides peace of mind for clients (as well as  recommendations and advice that are very successful).’

Key clients

Bank of America

Citibank

Banco Santander

Banco de Crédito del Perú (BCP)

Interbank

Scotiabank

Itaú Corpbanca

Metro de Lima Línea 2

BTG Pactual

Corporación Andina de Fomento (CAF)

Capital markets Tier 1

Garrigues is hard to beat for complex debt and equity work, earning an impressive market share of headline transactions and favoured by domestic and international banks. Most notably, it acted for the underwriters of the Republic of Peru's $3bn sovereign bond issue, and for Intercorp on its IPO on the New York Stock Exchange, the first Peruvian company listing to do so in six years - advice led by José Francisco Meier and Sergio Amiel respectively. The 'extremely dedicated’ team also includes 'excellent lawyer' Thomas Thorndike, practice head Oscar Arrús and Diego Harman, promoted to partner in January 2019. A bank of capable associates includes Monica Yrrarazabal, a regular on key deal teams; and Miluska Gutierrez Vega, who joined in October 2019 following a year at Simpson Thacher & Bartlett LLP.

Practice head(s):

Testimonials

We usually choose Garrigues due to their high professional quality and sophistication in the provision of their service, which is why we are happy with it and we try to involve them recurrently. As well as being quite sophisticated and knowledgeable, they are usually extremely dedicated, have excellent response times and provide solutions that move operations forward. Everything is done in a constructive and positive environment, which we greatly appreciate.’

Thomas Thorndike and Sergio Amiel  are the partners with whom we usually work. Both are excellent lawyers and advisers (I would think that they are the best in the market for financial matters). They have valuable international experience, which is evident in the way they work and in the final product of their services. Sergio is very meticulous and always provides constructive, valuable suggestions. Thomas is extremely dedicated and analytical, and has a commercial approach that we really like.’

 

Key clients

Citigroup Global Markets

JP Morgan Securities

Credit Suisse Securities

Intercorp Financial Services

Gas Natural de Lima y Callao

Intercorp Peru

Bank of America

Santander Investment Securities

Credicorp Capital

Scotiabank

Morgan Stanley

Metro de Lima Linea 2

Projects and infrastructure Tier 1

Garrigues excels in this arena, fielding a well-resourced team of 23 lawyers including five partners led by star project finance figure Oscar Arrús. The firm has an impressive market share of major project work, with roles in electricity generation and transmission, ports infrastructure, Lima's metro line 2 and significant new builds in the healthcare sector, for example. It is particularly strong in financing, especially on behalf of lenders. Among key advisers in the team are: Sergio Amiel , who focuses on power, energy and toll roads, as well as energy and infrastructure M&A; Thomas Thorndike and José Francisco Meier, who each bring 16 years' experience advising sponsors and financiers in project finance; and Diego Harman, promoted to partner in January 2020.

Practice head(s):

Testimonials

They are a very good team: available and respond quickly to questions that arise and they also anticipate customer needs by anticipating problems and providing solutions.’

‘Great management of the sector and knowledge of the market. Would highlight Sergio Amiel and Diego Harman.’

Best features are their availability, immediate attention, experience and quick execution of deals.’

 

Key clients

Alupar Inversiones Peru

Credicorp Capital

Consorcio Trecca

Gas Natural de Lima y Callao – CALIDDA

Sumitomo Mitsui Banking Corporation (SMBC)

Ibermansa

Corporación Andina de Fomento (CAF), Instituto de Crédito Oficial (ICO) and Interbank

Metro de Lima Línea 2

Auna Group

SK Innovation

Public law and regulation Tier 1

Garrigues fields a 'highly specialised team with immense experience in the area.' Department head Victor Baca has vast knowledge of - and expertise in - key public procurement, infrastructure projects and public policy matters, as well as administrative regulation and sanctioning procedures. In support is a robust team of 'highly-trained’ associates, including senior Eduardo Ortega, a 'lawyer with deep knowledge in the practice’; principal associate Johanna Holz, who is very focused in this arena; and 'first-rate’ Giancarlo Vignolo. The team is in demand for a broad spectrum of issues, with recent mandates including assisting Roche with government lobbying concerning public health drug needs; and acting for WIGO (GTD Perú), on its contract to provide internet services for the country's January 2020 congressional elections. This work is against a backdrop of more common procurement and concession bids for significant projects, among other matters.

Practice head(s):

Testimonials

Victor Baca is an exceptional lawyer. He offers great confidence to the client for his knowledge and experience. This is recognised by the stakeholders, which is important in the area. Giancarlo Vignolo is a first-rate, proactive, empathetic and highly trained associate.’

Highly specialised team with immense experience in the area.’

The team has solid knowledge of the practice. They are recognised lawyers in the field and always have an adequate strategy for each case. Their in-depth knowledge of the subject sets them apart from other teams. Their experience is indisputable and gives the client a lot of peace of mind.’

Victor Baca is recognised in the media and has a track record which, together with his solid knowledge in practice, transmits certainty in the strategies he proposes and they are successful. Eduardo Ortega is a lawyer with deep knowledge in the practice. He is always available to answer his clients’ queries and has a vision that allows him to approach various strategies to solve a problem.’

Key clients

WIGO (GTD Perú)

Education First

Roche Farma (Peru)

Veolia Servicios Perú

Prosegur Activa Perú

Tinsa

Kellogg’s de Colombia

Metro de Lima Linea 2

Alupar Inversiones Perú

Mediaproducción

Corporate and M&A Tier 2

Garrigues fields a compact, expert team focused on big-ticket transactions, such as South Korean energy company SK Innovation's two sales of interests in Peruvian natural gas blocks to Pluspetrol, one valued at $842m, the other $210m. Clients highlight the commercial acumen of the team, which they describe as 'dynamic' and 'highly experienced in sophisticated and complex matters', while other distinguishing features include the hands-on approach of the partners and their 'knowledge of deal management.' Sergio Amiel heads the practice and enjoys a strong market reputation, as do Thomas Thorndike and José Francisco Meier, making up a powerful partner team. Diego Harman was made partner in October 2019, recently having played key roles in a number of deals, including the SK Innovation matters, which were led by Thorndike. At the associate level, the 14-strong bench includes Héctor Zegarra, a regular on key deal teams, and Miluska Gutierrez Vega, who joined the firm in October 2019 after gaining experience at Simpson Thacher & Bartlett LLP New York. Moreover, since publication, the firm has substantially consolidated its transactional practice with the development of a competition law capacity, following the December-2020 hire of former Indecopi president, Ivo Gagliuffi and economist Javier Coronoado to co-head the practice.

Practice head(s):

Testimonials

The team is dynamic and highly experienced in sophisticated and complex matters. Almost all lawyers have academic and professional experience abroad, which is unusual in most law firms in the country.’

They are strategic partners with the ability to collaborate from the very outset of the contract to achieve a postive transaction outcome. The main advisers are Thomas Thorndike and Sergio Amiel.’

Superlative knowledge of complex operations.’

The firm’s lawyers easily interact with the counterparty and with foreign financial companies, since they have a wide network of contacts through their offices abroad. They are a very co-ordinated team and all members have knowledge of deal management.’

We have dealt with partner Diego Harman, who is quick to attend to the client’s requirements. He is able to interact with public and private sector officials with ease.’

Key clients

Energizer Holdings

SK Innovation

Arval Relsa Perú

Corporación Andina de Fomento – CAF

Advent International

Red Eléctrica Internacional

Nexus Group

Quironsalud

Grupo GTD

Agromillora

Intercorp Financial Services

Andino Investment Holding

Alicorp

Wigo

Veolia

Dispute resolution Tier 2

Experienced duo Hugo Forno Flórez and Melissa Nuñez Santti head the practice at Garrigues; the team, having arrived two years ago from Benites, Vargas & Ugaz, has now firmly established itself. The new practice is thriving, as evidenced by a caseload of business-critical matters for a range of leading companies and the State, which it is defending in an ICSID investment arbitration against CH Mamacocha regarding a concession contract for the supply of renewable energy. Forno Flórez is recognised for expertise amassed over the course of a 34-year career in contract disputes, while Nuñez Santti is strong in civil and construction matters. Among their seven-associate team, principal Javier Bueno Zúñiga is skilled in trials against Government entities.

Key clients

Ameco Perú

Financiera Confianza

Olympic Perú Inc. Sucursal del Perú

Telefónica del Perú

Banco de Crédito del Perú

Cosapi

San Miguel Industrias PET

Telefónica Media Networks

Prosegur

Engie Energía

Petroperú

Veolia

Republic of Peru

Siemens

Fénix Power

Tax Tier 4

Garrigues 'has a good team that is highly regarded by the market'. Led by Javier De La Vega, who is praised for his technical knowledge and availability, its typical work comprises tax planning for large-scale M&A, corporate reorganisations and restructuring, financings and capital markets matters. Two departures in 2019 involved key members of the team, however: former co-head of the practice Jose Chiarella moved to new boutique Damma Legal Advisors; and principal associate Luis Valle  to Arbe Abogados, where he has taken partnership to build the tax practice there. The Garrigues team still benefits from experienced principal associates Rosa Chevarría and Rafael Martinelli, while two hires at associate level during 2019  included Ana Sousa from ONTIER Peru.

Practice head(s):

Testimonials

They have the technical knowledge and the ability to convey it. They are very favorable compared with other offices.’

Javier De La Vega is recommended for his technical knowledge and his availability to serve us.’

Garrigues has a good team that is highly regarded by the market.’

Rosa Chevarría is an excellent person, super-prepared, very analytical. We are very satisfied with her work.’

Key clients

Red Eléctrica Internacional – REI

Camposol

Virú

Ibérica de Mantenimiento (Peru)

CenturyLink Perú

Bank of America

Green Gold Forestry Perú

Grupo Intercorp

Intermediate Capital Group

Lukoil

Metro de Lima Linea 2

MediaPro

Torres Unidas

Universidad de la Rioja

Veolia

Garrigues’ Peru office offers expert multidisciplinary advice, providing support to both local clients and international investors on entering and pursuing their business activities in the Peruvian market.

When it decided to open its office in Lima, in 2014, Garrigues knew that it needed to put together a top-tier team of lawyers to lead the Peruvian practice, bearing in mind the extremely competitive nature of this market and Garrigues’ high standards of client service worldwide.

Over the last few years, Garrigues’ immediate positioning as one of the leading firms in Peru has been clear, having provided advice on some of the highest-level projects, corporate transactions and matters, acted as legal counsel to top-tier international and domestic clients who are industry leaders in Latin America.

Garrigues’ team in Peru now comprises 44 professionals, all highly respected in the Peruvian legal services market and with extensive expertise in the area of international investment.

The firm has more than 100 professionals in the whole of Latin America, distributed among its five offices: Lima, Bogota, Mexico City, Santiago de Chile and Sao Paulo. Garrigues has the largest network of its own offices in the region among the major European law firms. It also has its own offices in Spain (in 20 cities), Belgium, China (Beijing and Shanghai), Portugal, Poland, Morocco, the United Kingdom and the United States.

Garrigues’ office in Peru offers a broad range of business law advisory services, with a team of professionals specializing in banking and finance, corporate law, mergers and acquisitions, infrastructure, public law, capital markets, tax, labor and employment, dispute resolution, real estate and energy, among other practices.

Senior contacts
Oscar Arrus – partner (oscar.arrus@garrigues.com): Oscar has extensive expertise advising issuers and borrowers, as well as domestic and international financial entities (as lenders, structuring agents, underwriters, etc) in the most complex international and domestic finance transactions. Before joining Garrigues, he was a partner at Rubio Leguia Normand, and as an associate in Baker & Hostetler (Washington DC).

Department Name Email Telephone
Banking Oscar Arrús
Banking Thomas Thorndike
Capital markets José Francisco Meier
Capital markets Sergio Amiel
Capital markets Oscar Arrús
M&A Sergio Amiel
M&A Thomas Thorndike
Tax Javier de la Vega
Infrastructure Oscar Arrús
Infrastructure Victor Baca
Labor Franco Muschi
Public law Victor Baca
Energy Victor Baca
Immigration Franco Muschi
Dispute resolution Hugo Forno
Dispute resolution Melissa Nuñez
Other fee-earners : 36
Partners : 9