Michelle Barclay > CMS Grau > Lima, Peru > Lawyer Profile

CMS Grau

Work Department

Bankruptcy and Restructuring; Corporate/M&A; Projects and International Arbitration


Partner and head of the Bankruptcy and Restructuring area, cohead of Projects and International Arbitration areas. She is a dual-qualified lawyer in New York and Peru.


Michelle is a dual-qualified lawyer in New York and Peru. She specializes in corporate restructuring and cross-border insolvencies, including in and out-of-court restructurings, corporate and bankruptcy liquidations, distressed M&A, bankruptcy takeovers, international projects and arbitrations.

Michelle’s national and international experience allows her to provide expert advice in bankruptcy and corporate restructuring matters, in several M&A transactions and investment projects. She works jointly with international law firms in Chapter 11 and international arbitration cases.

Michelle participates in the development of new bankruptcy legislation. She lectures in diverse webinars regarding insolvency matters and distressed M&A and has monthly publications in main Peruvian newspaper, “El Comercio”.

She worked as permanent associate at Skadden, Arps, Slate, Meagher & Flom LLP in New York (2001-2003). She has acted as Vice Chair (2008-2010) and Co-Chair (2010-2012) of the IBA´s committee on reorganization & workouts.


Spanish and English.


Lima Bar Association (CAL). Admitted to practice in New York.


Universidad de Lima – Law Degree (1997); New York University School of Law – Master’s Degree in Corporate Law (2001); Stern School of Business (NYU) – Finance seminar (2001).

Lawyer Rankings

Peru > Projects and infrastructure

CMS Grau is strong in project development, particularly in the energy and mining sectors which are key strengths of the firm. Public law partner Giancarlo Villafranqui is praised for his experience in PPPs, concessions and administrative issues; he co-leads the practice alongside the versatile Michelle Barclay, whose broad practice includes bidding and concessions, alongside investment negotiations in relation to public assets. Client gains during the past year include a US oil and gas company and a domestic irrigation project concessionaire.

Peru > Bankruptcy and restructuring

(Leading individuals)

Michelle BarclayCMS Grau

CMS Grau excels in international and cross border insolvencies, where practice head Michelle Barclay is a leading light on Chapter 11 bankruptcy proceedings. Building on experience and exposure gained acting for William Brandt as Chapter 11 Trustee of the ongoing China Fishery case, she is now leading advice to creditors in both the LATAM Airlines and Avianca Chapter 11 bankruptcy matters. The team’s work for Enagás in the Gasoducto Sur Peruano matter demonstrates its energy-sector expertise. The seven-lawyer team also includes banking and finance partner Miguel Viale and the increasingly experienced Victor Farro, promoted to counsel in 2021.