Luis F. Torres > Latham & Watkins LLP > Washington DC, United States > Lawyer Profile

Latham & Watkins LLP
555 ELEVENTH STREET, NW, SUITE 1000
WASHINGTON DC 20004-1304
United States
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Work Department

Luis Torres is counsel in the Washington, D.C. office of Latham & Watkins. Mr. Torres's practice focuses on representing commercial and multilateral lenders and global investment management firms in the financing of power, oil and gas, and petrochemical projects in emerging markets. He also frequently represents global majors and private equity investors acting as sponsors in the development and financing of infrastructure projects. Mr. Torres’s experience includes loan financings, export credit facilities, equity and semi-equity investments, asset acquisitions, debt restructurings, structured finance products and local currency financings. In addition to his work on the power, oil and gas, and petrochemical industries, Mr. Torres has worked on transactions in the banking, mining and transportation sectors. Mr. Torres has worked in transactions in some of the most dynamic and challenging emerging markets, including Argentina, Brazil, Colombia, India, Jamaica, Kenya, Mexico, Nigeria, Turkey, Russia, Ukraine and Venezuela. These transactions have involved sponsors, lenders and other investors based in France, Germany, Japan, Spain, South Korea, the UK and the US, among other jurisdictions.

Position

Counsel

Career

https://www.lw.com/people/luis-torres

Lawyer Rankings

Latin America: International firms > Projects and energy

Latham & Watkins LLP has an intense global focus on the energy and infrastructure sectors and this is very much in evidence in Latin America. Having strengthened its Madrid bench, the practice is now increasingly active on behalf of Spanish-based sponsors. Mexico, Chile and Colombia are particularly strong markets for the firm, which is noted for its connections to top Mexican law firms and its abilities in capital markets-driven financings and hybrid financings. In a key headline deal, the firm’s project finance and capital markets groups teamed up to advise Mexican energy player, Fermaca, on the hybrid refinancing of its 420km gas pipeline in the states of Chihuahua and Durango, Mexico; the deal involved a commercial bank credit facility and the issuance of fixed-rate global notes in Singapore. The practice also advised Eletrans, the leading Chilean player in the construction, operation and maintenance of power transmission facilities, on a private placement of senior secured notes to finance the construction and operation of dual 220KV high voltage electricity transmission lines in Chile; and AES Corporation and Grupo BAL on the $304m private placement of senior secured notes linked to the Mesa La Paz wind development project in Mexico. In another significant engagement, the firm advised Global Energy & Power Infrastructure Fund on the project debt financing linked to an oil refinery, again in Mexico. Co-head of the Latin America practice, Antonio Del Pino is noted for M&A involving energy and infrastructure assets. Co-chair of the firm’s global oil-and-gas group, Christopher Cross is another key figure in Latin America deals; while Chicago and New York-based capital markets partner Roderick Branch , a Mexico City native, is increasingly involved in energy and infrastructure financings throughout Latin America. Washington DC’s David Penna is global co-chair of the project development and finance practice and has a long track-record in the region, most recently on deals such as the previously mentioned Fermaca and Eletrans financings. Veronica Relea is another key project finance specialist. Washington DC counsel Luis Torres is ‘very technical, experienced and skilfull‘. All named individuals are based in New York unless stated otherwise. On a more sombre note, less than a year after his arrival as Latin America practice co-head from DLA Piper LLP, Juan Picón passed away in June 2019; he will be greatly missed.