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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

Earning promotion to the top tier, Garrigues is turning heads in the finance arena for its prominence in innovative and demanding transactions, providing an ‘excellent, personalised service’, ‘great technical strength’ and a ‘high level of professionalism’. The four-partner team, though smaller than its nearest rivals, is nonetheless ‘always available’ and noted for its quick response times and solution-driven advice. It is the preferred choice for a number of top-tier international banks and financial institutions, such as Bank of America Merrill Lynch, Morgan Stanley, Credit Suisse and BNP Paribas Securities. The firm acted opposite Estudio Echecopar member firm of Baker McKenzie International in advising Scotia Capital and Morgan Stanley as joint bookrunners and managers in Fondo MIVIVENDA’s landmark PEN$2bn global depository notes offering to provide mortgage finance to low-to-middle income individuals, the first private GDN offering in Peru. Sergio Amiel led the advice, assisted by department head Oscar Arrús. Amiel also led advice to Citibank and JP Morgan in the $1bn acquisition finance granted to Eckerd Peru/Intercorp Group to acquire Peruvian private healthcare company Quicorp, this time working opposite Payet, Rey, Cauvi, Pérez Abogados. In a multi-award-wining deal, José Francisco Meier acted for the bank syndicate, including Scotiabank Peru and HSBC Securities, as initial purchasers of Peru’s PEN$10bn sovereign bond issue, the first sovereign offering by the country to be cleared and settled through the Euroclear system. The proceeds should go some way to shifting Peru’s dollar-denominated debt to local currency. The ‘very fast’ Thomas Thorndike demonstrates ‘excellent technical ability’ and is advising Santander Investment Securities on a $170m exchange offer by fish products producer Pesquera Exalmar; he also led advice to the bank syndicate in Cerro del Águila’s $650m senior notes issue prior to its merger with Kallpa Generación. Senior associate Diego Harman joined the firm from the Latin America banking and finance desk at Clifford Chance, New York.

Leading lawyers

Oscar Arrús - Garrigues

Sergio Amiel - Garrigues

Thomas Thorndike - Garrigues

Next generation lawyers

Jorge Fuentes - Garrigues

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

Garrigues

Garrigues’ top finance team boasts considerable corporate and M&A capability and provide an ‘excellent service’ in cross-border and domestic transactions. Sergio Amiel, Oscar Arrús, Thomas Thorndike and José Francisco Meier all shine for their ‘great technical strength’, while Alvaro Valle excels in corporate matters in the energy sector. As a result, the firm attracts some stellar instructions, such as representing key client Advent International on its $91m acquisition of IT services company GMD from Graña y Montero, which was led by Sergio Amiel. Other matters include Meier’s work in advising Grupo GTD on its $15m acquisition of Netline Peru, consolidating GTD’s presence in the Peruvian telecommunications industry; and acting for Iron Mountain Peru on its purchase of filing services company and competitor, Ransa Comercial and Depósitos, from Peruvian conglomerate Romero Group, which saw Amiel again lead the advice. Among the team’s second line, senior associates Héctor Zegarra and Jorge Fuentes are highlighted by clients for their experience. They were joined by principal associate Diego Harman from the New York office of Clifford Chance.

Leading lawyers

Sergio Amiel - Garrigues

Next generation lawyers

Héctor Zegarra - Garrigues

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Dispute resolution
Dispute resolution - ranked: tier 4

Garrigues

New to the ranking, Garrigues’ fledgling practice is staffed by former key partners and some associates from leading litigation boutique Benites, Vargas & Ugaz. They are: former name partner there, Hugo Forno; former head of civil litigation Melissa Núñez, who has ‘good knowledge’ and ‘extensive experience in litigation’; and associates Javier Bueno and Joel Campos. Benefitting from the international platform of the Spanish-headquartered firm, the team already has a growing caseload to add to the partners’ existing client roster. Both Forno and Nuñez continue to represent Telefonica del Peru in enforcement of a Constitutional Court judgement in favour of their client. Other clients include Engie Energia Peru, Olympic Peru and Ameco.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 1

Garrigues

Garrigues is hard to beat for major infrastructure projects across an array of sectors, scooping roles in the largest matters across the country. It particularly shines on the financing side, where clients benefit from market-leading banking and finance lawyers including practice head Oscar Arrús, Thomas Thorndike, who has ‘excellent technical ability’, and Sergio Amiel. A strong junior bench includes experienced Johanna Holz and recently recruited Diego Harman. All display a ‘high level of professionalism’. Marquee mandates include: acting for Santander and Interbank, as lenders, on the Linea Amarilla toll road project; advising Sterlite Power Grid on its bid for the award of the Mantaro-Nueva Yanango-Carapongo and Nueva Yanango-Nueva Huánuco transmission line PPP projects; and continued advice to Metro de Lima Línea 2 as sponsor on the development of the Lima Metro Line 2.

Leading lawyers

Oscar Arrús - Garrigues

Next generation lawyers

Johanna Holz - Garrigues

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

Garrigues

Garrigues provides ‘outstanding’ service and is praised for its ‘level of knowledge’ and ‘professionalism’. In particular, practice head and counsel Víctor Baca is described as ‘the best administrative lawyer in Peru’ and is noted for his ‘closeness to various public bodies’. A leader in high-profile infrastructure projects, the firm is also well-versed in public procurement and regulatory matters. An extensive résumé includes acting for universities regulator SUNEDU on a new legal framework for administrative sanction proceedings for Peruvian universities, as well as an audit of assessment procedures to ensure compliance with OECD requirements. Public procurement work includes acting for Iron Mountain Peru in its bid to provide custody, storage and document management for the government. The team is also advising the Ministry of Energy and Mines on an assessment of electricity concession regulations. Other work includes major infrastructure projects with considerable public interest, while the expanding team hired senior associate Giancarlo Vignolo from Duke Energy (now I Squared Capital). Other names to note are senior associates Eduardo Ortega and Johanna Holz.

Leading lawyers

Víctor Baca - Garrigues

Next generation lawyers

Eduardo Ortega - Garrigues

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Tax
Tax - ranked: tier 3

Garrigues

Indicative of a rapidly expanding practice, Garrigues continued its ambitious growth trajectory with the hire of new partner Javier de la Vega and two associates from PricewaterhouseCoopers Peru, plus principal associate Rosa Chevarría from Rodrigo, Elías & Medrano – Abogados. Prior to private practice, Vega was corporate tax manager at Anglo American Peru, and brings much experience to the team. Highly-regarded José Chiarella heads the practice and ensures the ‘excellent service’ for which the team has become known; while clients highlight principal associates Luis Valle, who ‘stands out for his knowledge’; and Rafael Martinelli, whose ‘strengths are his knowledge, proactivity and response times’. Martinelli led the tax advice to Scotia Capital and Morgan Stanley, as joint bookrunners and managers, in Fondo MIVIVENDA’s landmark PEN$2bn global depository notes offering, the first private GDN offering in Peru. Advisory work saw Valle lead advice to LATAM Coaching Network on tax planning across several Latin American jurisdictions.

Next generation lawyers

Luis Valle - Garrigues

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Peru: Energy and natural resources

Electricity
Energy and natural resources: electricity - ranked: tier 3

Garrigues

Garrigues earns its place in this ranking for its premier financing and projects expertise, which was further boosted by the arrival of power lawyer Giancarlo Vignolo, a senior associate from Duke Energy Peru (now I Squared Capital). Noted for his ‘practical solutions’, department head Víctor Baca led advice to Indian electricity transmission company Sterlite Power Grid Ventures on its bid for the Mantaro-Nueva Yanango-Carapongo and Nueva Yanango-Nueva Huánuco transmission line PPP projects, which was ultimately won by Interconnexion Electrica (ISA). The Ministry of Energy and Mines is also a client.

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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, Cáceres, 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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