Firm Profile > Payet, Rey, Cauvi, Pérez Abogados > Lima, Peru
Payet, Rey, Cauvi, Pérez Abogados Offices
VÍCTOR A. BELAÚNDE 147
TORRE TRES, PISO 12
SAN ISIDRO, LIMA
Payet, Rey, Cauvi, Pérez Abogados > The Legal 500 Rankings
Banking and finance Tier 1
Payet, Rey, Cauvi, Pérez Abogados is favoured for high-value or complex transactions across a range of specialist sectors, acting for both borrowers and lenders. Its client base is largely domestic, acting for the country's largest and most active banks, including Banco de Crédito del Perú, BBVA Banco Continental, Scotiabank Perú and Interbank. Partner is regarded as one of the most influential and expert corporate and finance lawyers in Peru, and has cultivated a strong team, co-led by José Cúneo; comprising eight partners, it includes Eduardo Vega, who is noted for his experience in investment funds, securitisation and mutual funds work. Giovanna García was promoted to partner January 2020; and an extensive pool of associates includes , who is regularly included in the client teams for the firm's most prominent deals.
Capital markets Tier 1
Payet, Rey, Cauvi, Pérez Abogados is traditionally a leader in domestic transactions but is equally at home on the international stage. For example, it acted for the underwriters - Citigroup Global Markets, Goldman Sachs, HSBC Securities and Santander Investment Securities - in the Repubic of Peru's $3bn global bond issue, conducted in April 2020 in response to the economic impact of COVID-19. Advice was led by verstatile lawyer José Cúneo, who together with market-leading capital markets lawyer Eduardo Vega and transactional heavyweight José Payet make a formidable team. A large pool of associates includes the very capable Alan García Nores.
‘Compared to other practices, the team at Payet, Rey, Cauvi, Pérez Abogados obtained a completely favourable result. The strong points are professionalism, compliance and absolute knowledge of the subject for which they were hired.’
‘Despite being a firm with infinite cases, they were always ready to help and support, both at a distance and personally, at any step. We were personally attended by Eduardo Vega and Renato Velásquez. Both are excellent and the difference with other firms is the consistency in the follow-up of the deal.’
‘As well as knowing the rules, the experience of having dealt with regulatory bodies and market promoters is a plus point. They know how to anticipate them, which approaches would be well received and which ones would not.’
‘Eduardo Vega is recommended. He knows the norm and the people; he has worked with his counterparts for years and he has credibility; what his signature carries will normally be a welcome approach.’
‘In this area, cross-sectional knowledge of the regulations issued by the two capital market regulators and an understanding of the needs and motivations of the business are required. In this sense, the team at Payet, Rey, Cauvi, Pérez Abogados has these attributes fully.’
‘Payet, Rey, Cauvi, Pérez Abogados is highly reliable and highly specialised in the practice of capital markets. They are also familiar with the sectoral regulation applicable to investments and investment risks of private pension funds. We prefer to work with them for the quality of their advice, speed and availability to serve the client.’
‘Eduardo Vega is a highly-effective and reliable lawyer in his interpretation of the regulation of the capital markets and of the regulation of the companies of insurance and private pension funds. He dominates sophisticated aspects of the instruments and has a good connection with market regulators.’
Credicorp Capital Servicios Financieros
Banco de Crédito del Perú
AC Capitales Sociedad Administradora de Fondos de Inversión
Banco BBVA Continental
Desarrolladora del Pacifico
Bolsa de Valores de Lima
Sigma Sociedad Administradora de Fondos de Inversión
Competition and antitrust Tier 1
The 'outstanding’ team at Payet, Rey, Cauvi, Pérez Abogados continues to impress with a caseload of strategically key matters - such as price fixing, dominant position and cartel issues - for some of the country's largest companies. Undoubtedly, the success of the practice is due to 'brilliant’ Carlos A. Patrón, who 'knows his subject perfectly’ and is praised for his 'broad perspective’ that is not limited to the law. He steers a large bench of dependable associates among whom Julia Loret de Mola, David Kuroiwa and Giancarlo Baella shine for their client service and capability. The firm advises on all areas of administrative and judicial litigation, as well as compliance matters, and recently obtained a considerable reduction in fines on behalf of Lima Gas, accused of horizontal price fixing and coordinated practices in the domestic gas market.
‘The competition and antitrust team is outstanding. They have the ability to understand the issues that are presented to them quickly, they commit to their client, they have a great knowledge of the legislation and they transfer the information to you and explain the problems very easily. In general, they are like part of your internal team. They are the best attorneys I have ever worked with.’
‘Carlos Patrón is brilliant. He knows his subject perfectly, he explains the issues that are presented very clearly and he is committed to your case. He is the head of the area, but he has younger, capable attorneys on his team. I must especially highlight Giancarlo Baella, David Kuroiwa and Julia Loret de Mola.’
‘Payet, Rey, Cauvi, Pérez Abogados has the advantage that its size ensures a very high standard of service at all times. This differentiates it from the boutiques. In addition, the antitrust team is top-notch, and understands the customer’s needs very well. This last point most differentiates it from other large Peruvian firms.’
‘Carlos Patrón, who leads the antitrust practice, is a top-notch lawyer. He is very good at understanding the reality for the client, its objectives and its restrictions, and then how these affect or confirm its legal strategy. Furthermore, Carlos has a broader perspective that is not limited to the legal aspects of the case. For example, he has a good knowledge base of economic concepts, which allows for a more complete legal strategy.’
San Miguel Industrias PET (Nexus Group)
Compañía Latinoamericana de Radiodifusión
Lima Gas (Empresas Lipigas)
Línea Amarilla (LAMSAC)
América Móvil Perú
Compliance Tier 1
At the forefront of Peru's burgeoning corporate compliance market is Payet, Rey, Cauvi, Pérez Abogados, which has drawn together a skilled taskforce of white-collar crime specialists, antitrust practitioners and data protection / privacy lawyers to provide a comprehensive compliance offering. On the criminal-side, José Caro John, the recently made-up Juan Diego Ugaz and experienced associate Francisco Ugaz advise major banks and leading companies from the mining and industrial sectors, for example, on economic crime prosecutions, including money laundering and corruption. They also provide a criminal compliance service incorporating prevention policies and opinions regarding possible criminal implications of business activities. On the non-criminal side, the firm excels in antitrust and consumer protection proceedings, where leading figure Carlos A. Patrón steers much of the work. The firm also allies with a consultancy company to design and implement compliance programmes and risk assessments mandated by INDECOPI.
Corporate and M&A Tier 1
Payet, Rey, Cauvi, Pérez Abogados is a heavyweight among Peruvian corporate and M&A firms, its 38-strong team advising industrial buyers and sellers, investment banks, private equity firms and major Peruvian family-owned conglomerates, for example. Founding partner José Payet is a pre-eminent M&A lawyer and has built an experienced team advising on some of the largest domestic and cross-border matters in the market. Lead advisers include: Susan Castillo, who co-heads the practice and represented The Carlyle Group on its 2019 direct and indirect acquisition of Atracciones Coney Island (Peru), Divertrónica Medellín (Colombia) and Yukids (Chile), operators of amusements parks in those jurisdictions; Juan Antonio Egüez, recommended for M&A, takeover bids and capital markets; José Cúneo, who specialises in transactions in the mining sector; and Alfredo Chan, who has niche expertise in agribusiness.
Dispute resolution Tier 2
A slew of big-name domestic companies turn to Payet, Rey, Cauvi, Pérez Abogados to fight their largest battles, be they against the tax authority, regulatory bodies, or in the courts or arbitration forums. The 2019 hire of Mario Reggiardo from Bullard Falla Ezcurra Abogados is paying dividends, attracting significant domestic arbitration cases to the firm. It can now boast strength in all key areas: litigation, arbitration and white-collar crime. Julio César Pérez leads the litigation practice and boasts an extensive caseload of high-impact conflicts for the likes of Scotiabank, Enel Generación Piura and Interbank. Fellow co-head Reggiardo leads the arbitration side and brings ICC arbitration experience to the firm. The two partners lead a bank of 25 associates, including seniors Francisco Ugaz, a key figure for criminal advisory and litigation matters; and Mayra Bryce, who is regularly involved in lead international arbitration matters, and Luis Bustamante and Alessandra Mendoza; all three undertake administrative, civil and commercial litigation, dispute resolution and arbitration.
‘Commitment and speed of response, great preparation and professionalism.’
‘The support they provide us is superior to that offered by other firms for the same cases. The lawyers in charge of defending our cases are 100% committed, always looking for new defence arguments that may be applicable, constant monitoring of our cases and contacting us to keep us informed of the status and answer any queries that may arise.’
‘The partner in charge, Julio César Pérez, is 100% involved in the cases and actively participates in them. The team has not only worked with us on the legal defence side but on a comprehensive strategy in order to obtain favourable results.’
‘High level of customer commitment, knowledge of standards. Julio César Pérez is a remarkable lawyer with a high level of knowledge and is an excellent person.’
‘They are a team specialised in litigation issues, distinguished for being highly oriented to achieving positive results, with important technical support that allows for coordination and joint work with our internal team. It has comparative advantages with other law firms, regarding speed of attention, permanent follow-up of topics and quick attention.’
‘Julio César Pérez has broad expertise in litigation and surrounding issues, with an ability to design strategies aimed at reducing risks and evaluating the best alternatives for a positive outcome. [The firm] also provides permanent monitoring and constant coordination of the topics assigned to it.’
‘I should highlight the firm’s professionalism, permanent availability and commitment. Also, the standard of quality and timeliness of the service established by the leaders of the team, qualities that I consider make this firm and its litigation area the best and most recommended on the market.’
‘Commitment, professionalism and knowledge of the subject are qualities that define them as leading specialists in the market. Being a fairly homogeneous team that stands out in its entirety, I cannot fail to highlight Julio César Pérez, Luis Bustamante, Alessandra Mendoza, Mayra Bryce, Máximo Gordillo and Mario Reggiardo as outstanding.’
China International Water & Electric Corp
Electricity Tier 2
Payet, Rey, Cauvi, Pérez Abogados’ regulatory partner, Gerardo Soto, has 'good experience in the sector and extensive knowledge of how the market works.’ Alongside Mayra Aguirre, who specialises in electricity regulation and administrative law, the pair offer a competitive practice, advising on large-scale transactions, administrative proceedings and regulatory matters to an impressive roster of clients. They include Enel Group, a key client of the practice, leading electricity generation company Electroperú and Fenix Power. The firm recently advised Generadora de Energía del Perú on tariff issues, as well as a force majeure event related to the development of Angel I, Angel II and Angel III hydroelectric power plants projects.
‘Payet, Rey, Cauvi, Pérez Abogados is highly competent in this area. I emphasise that they have good theoretical and practical command of the topics consulted, and provide an effective response. Its performance is favourable compared to some other firms with larger teams.’
‘They stand out for the speed of understanding of the subject under consultation, and for their theoretical and practical command of the topics. In the case of Payet, Rey, Cauvi, Pérez Abogados, I highlight that, being a small team, they provide a quick and effective response. I highlight the work of Gerardo Soto because, among other things, he has good experience in the sector and extensive knowledge of how the market works.’
Enel Green Power Perú
Enel Distribución Perú
Genrent del Perú
Conelsur LT (Group Transelec)
Grupo T-Solar Global
Gold Fields La Cima / Compañía Transmisora Norperuana
Compañía Transmisora Norperuana
Sociedad Minera Corona
Generadora de Energía del Perú
Projects and infrastructure Tier 2
The comprehensive practice at Payet, Rey, Cauvi, Pérez Abogados handles concession bids, PPPs, private initiatives, management and consulting contracts, among other matters, on behalf of an enviable following of domestic and international corporations. Recently, it has been in demand for port infrastructure projects and is acting for Terminales Portuarios Chancay, Terminal Portuario Paracas and Transportadora Callao on their respective concessions. Project finance and corporate law partner Juan Antonio Egüez leads a team of 16 lawyers, including fellow partner Gerardo Soto, head of regulatory matters, and counsel Giovanna García. Regulatory and administrative senior associate Michelle Aramburú is also noted.
Cosco Shipping Ports Chancay Perú (Terminales Portuarios Chancay)
Terminal Portuario Paracas
Conelsur /Transelec Group
Genrent del Perú
Gilat Networks Perú
T-Solar Global Group
América Móvil Perú
Public law and regulation Tier 2
An impressive offering at Payet, Rey, Cauvi, Pérez Abogados is wide in scope, the firm representing an extensive and growing client roster on a variety of interactions with government authorities and public entities. Client gains in the past year include Concar, operator of one of Peru's largest highway concessions; and Asbanc, the association of Peruvian banks. A full-time specialist in administrative law and regulated industries, Gerardo Soto is practice head; fellow partner Alonso Rey, who is well versed in project finance and PPPs, is also active in this area. Together, they demonstrate 'speed and agility, with good legal sense and strategy’. Associates to highlight include Karen Angeles and Michelle Aramburú, who focus on public and regulatory law, respectively.
‘The team at Payet, Rey, Cauvi, Pérez Abogados has demonstrated capacity and action in the various requirements requested, which includes regulatory issues in the hydrocarbons sector, corporate law, contracts and arbitration.’
Supervisory Agency for Investment in Public Transport Infrastructure – OSITRAN
Limagas Natural Perú and Lima Gas (Lipigas Group)
Terminal Portuario Paracas
Productos Tissue del Perú (PROTISA)
Asociación de Bancos del Perú – Asbanc
América Móvil Perú
Banco de Crédito del Perú
Environment Tier 3
A comprehensive offering at Payet, Rey, Cauvi, Pérez Abogados includes environment audits, compliance strategies, transactional support and defence of administrative, civil and criminal complaints. It is also strong in representing banks and financial institutions on the assessment of environmental and social risks related to finance transactions and has niche expertise in sustainable banking topics. Lead adviser and practice co-head, counsel Vanessa Chávarry, has broad expertise and manages the day-to-day advisory work, assisted by three associates. Corporate and mining lawyer José Cúneo provides partner support if needed.
‘They have a very well structured team which will converse with other areas of the firm and they are well organised.’
Vale Exploration Perú
Tecnológica de Alimentos
RP Global Perú and group companies
LATAM Airlines Peru
Corporación Peruana de Productos Químicos
Banco de Crédito del Perú/Credicorp Capital Financial Services
Mining Tier 3
Payet, Rey, Cauvi, Pérez Abogados advises on big-ticket corporate transactions and financings in the mining sector, acting for both lenders and borrowers in capital raising. It has a growing regulatory practice, while its full-service offering also provides support areas such as criminal sanctions advice, an issue of growing importance to the sector. Corporate and finance specialist José Cúneo heads up the practice and has experience in advising on broader mining issues, such as legal title over mining and surface land rights, mining regulation and environmental law. Associate Angel Chavez specialises in mining and environmental law and public management. Recent client gains by the practice include Turmalina Metals, Minera Colquisiri and Banco Santander del Perú.
‘The team at Payet, Rey, Cauvi, Pérez Abogados stands out a lot over the other law firms in Peru. Their work is very professional and they are dedicated to the client.’
‘They are attentive, responsible and very accurate in their work.’
‘I’ve liaised with the team’s experts on M&A, mineral exploration and environment and they are very well coordinated.’
‘Associate Alexandra Pázzara is very technical, patient and articulate around the negotiation table.’
Sociedad Minera Corona / Sierra Metals
Vale Exploration del Perú
Gold Fields La Cima
Banco Santander del Perú
Labour and employment Tier 4
Payet, Rey, Cauvi, Pérez Abogados has skill in this arena, advising a quality client roster on a broad spectrum of labour matters, from collective bargaining and transactional support, to judicial and administrative proceedings. Clients include Visa International, Lima Gas and Thomson Reuters Peru. The team of 10 associates is now led by counsel Cristina Oviedo, following the departure of former practice head Germán Lora to boutique Damma Legal Advisors at the end of 2019, to develop a labour practice there. Brian Ávalos and Martín Ruggiero are both associates of note.
‘Recommend for the quality and clarity of their advice, especially that of Cristina Oviedo.’
APM Terminals Callao
Impala Terminals Perú
Celima Trebol Corporation
Forsac Peru (CMPC Group)
Productos Tissue del Peru (PROTISA)
Concesionaria Vila del Peru (COVIPERU)
Vale Exploration Peru
Thomson Reuters Peru
Real estate Tier 4
Payet, Rey, Cauvi, Pérez Abogados is gaining a profile in this arena commentators note, drawing together its transactional expertise with growing property and land regulatory know-how. It notably established Peru's first real estate investment trust, Fibra Prime, in 2018 and continues to advise it on acquisitions and portfolio management. Practice head Alfredo Chan combines his M&A practice with real estate matters, while senior associate Roberto Gutierrez brings his full-time real estate focus to the offering.
‘The team is absolutely dedicated and highly technical, involved in the transaction and identifying the risks and proposing solutions.’
‘Excellent technicians, deep involvement with the transaction and they take care of the client’s interests.’
Viva GyM (Graña & Montero Group)
Corporación EW (Wong Group)
Bolsa de Valores de Lima
Tax Tier 4
Payet, Rey, Cauvi, Pérez Abogados has 'extensive knowledge’ and its lawyers are 'solid, efficient and practical in their advice’. Vanessa Watanabe leads a team of capable associates among whom Ivy García-Pacheco, Lisset López and Renzo Grández are notably active in key matters. The group's primary focus is corporate and finance transactions, where the team provides tax advice on some of the country's largest deals. However, the team also advises on some significant general advisory and litigation matters: in a case in point, Watanabe is leading advice to Scotiabank in its judicial procedure against SUNAT regarding an assessed debt of $170m related to alleged VAT non-payments.
‘The lawyers inspire confidence and have extensive knowledge in general and in municipal tax matters. Other plus points are commitment to the client, dedication to commissioned issues, transparency in the information and handling of the cases.’
‘Recommend Vanessa Watanabe (partner) and Renzo Grández (associate): commitment with which the cases in charge are dealt with; attentive, either in person, by phone or by email; responsible and compliant with deadlines; knowledgeable of the client’s business; able to bring in other specialties if necessary. They give us confidence and security in handling our matters.’
‘With Payet, Rey, Cauvi, Pérez Abogados we have worked on tax legal issues, issues related to free competition and also spaces related to obligations of public companies. The firm undoubtedly compares favourably with other law firms given the in-depth knowledge it has in each subject as well as contributing to the search for solutions to complex situations.’
‘Personally, I trust a lot in the knowledge and interpretation of different regulations of the team at Payet, Rey, Cauvi, Pérez Abogados. They are solid, efficient and practical in their advice.’
‘The firm compared favourably to others, the answers are always correct and above all they respond in a timely manner.’
‘The answers are always clear and precise and most importantly, when it is required. Renzo Grández is recommended.’
The Carlyle Group
Banco de Crédito del Perú
Enfoca Sociedad Administradora De Fondos De Inversión
Payet, Rey, Cauvi, Pérez Abogados > Firm Profile
Founded in 1996, today Payet, Rey, Cauvi, Pérez Abogados is regarded as one of the most important law firms in the country, with significant experience and a proven track-record in providing services of the highest added value in the various areas of the law related to corporate activity.
Areas of practice
Corporate/M&A: the practice covers a broad range of topics from incorporation procedures to corporate restructuring and market exit, including corporate transactions and contracts in general, and commercial legislation, among others. The firm’s frequent participation in acquisitions and transactions provides it with the knowledge and experience necessary to provide the best and most innovative advice.
Capital markets and finance: the firm counsels institutional lenders and investors, borrowers and financial institutions in matters related to corporate finance. Its experience includes the design and listing of public equity and debt offerings, takeover bids, exchange offers, securitizations, investment funds and other innovative financial instruments. Of particular importance is the firm’s vast experience in international offerings, in which it has interacted with leading firms, auditors and investment banks internationally.
Corporate and commercial litigation: the firm regularly represents foreign and local clients in civil, commercial, corporate and regulatory disputes. In recent years it has represented clients in important local corporate and shareholder litigations. The firm’s commercial experience covers leading cases related to business recovery, insolvency, insurance and reinsurance, contract enforcement, civil liability and torts.
Competition/regulation: the firm represents clients in a broad array of corporate transactions concerning horizontal restraints, monopolization, tying, exclusive dealing, refusals to deal and numerous vertical arrangements. Its experience also involves price-fixing, exclusionary practices and merger control procedures, as well as a wide array of trade regulation, unfair competition, intellectual property, product liability and consumer protection matters. The firm’s practice covers a broad array of regulated industries. Its energy practice represents some of the country’s most important electricity generation, transmission and distribution companies, as well as other participants in the electricity and gas markets. The firm’s communications practice counsels in all procedural aspects related to the granting of licences, concessions and authorizations, negotiating and drafting interconnection agreements and implementing regulated price structures.
Projects: the firm has extensive experience in the design and execution of non-recourse or limited recourse project financing structures. The firm’s experience includes counseling developers, sponsors and lenders to important projects in the infrastructure sector in Peru, including advising in all negotiations and procedures needed to obtain the necessary governmental concessions, permits and authorizations.
Tax: the tax practice is mainly focused on tax planning and consulting, special tax audit assignments and representation before tax and customs authorities. The department has particularly relevant expertise in M&A transactions, regularly counseling on the most suitable and business-oriented tax schemes to successfully structure and implement these types of transactions. The firm also has important experience providing advice on, and enforcing, tax benefits applicable to investors and to the recipient companies of such investments.
Labor: the labor practice encompasses advice related to personnel hiring plans, including nationals and expatriates, preparation and drafting of management compensation and welfare benefits programs, as well as implementing labor cost reduction strategies.
|Partners||José Antonio Payet E: firstname.lastname@example.org|
|Partners||Alonso Rey E: email@example.com|
|Partners||Juan José Cauvi E: firstname.lastname@example.org|
|Corporate and M&A||José Antonio Payet|
|Corporate and M&A||Susan Castillo|
|Corporate and M&A||Giovanna Garcia|
|Banking, finance and capital markets||José Antonio Payet|
|Banking, finance and capital markets||Eduardo Vega|
|Banking, finance and capital markets||José Cúneo|
|Projects and infrastructure||Alonso Rey|
|Projects and infrastructure||Juan Antonio Egüez|
|Projects and infrastructure||Giovanna Garcia|
|Dispute resolution (litigation and arbitration)||Julio César Pérez|
|White-collar crime||José Caro John|
|White-collar crime||Juan Diego Ugaz|
|Competition and antitrust||Carlos A Patrón|
|Labor and employment||Alonso Rey|
|Ms Susan Castillo||Partner||View Profile|
|Mr Juan José Cauvi||Partner||View Profile|
|Mr Alfredo Chan||Partner||View Profile|
|José Cúneo||Partner||View Profile|
|Juan Antonio Egüez||Partner||View Profile|
|Giovanna García||Partner||View Profile|
|Mr Máximo Gordillo||Partner||View Profile|
|José Caro John||Partner||View Profile|
|Mr Carlos A. Patrón||Partner||View Profile|
|José Antonio Payet||Partner||View Profile|
|Julio César Pérez||Partner||View Profile|
|Mario Reggiardo||Partner||View Profile|
|Mr Alonso Rey||Partner||View Profile|
|Mr Gerardo Soto||Partner||View Profile|
|Mr Juan Diego Ugaz||Partner||View Profile|
|Mr Eduardo Vega||Partner||View Profile|
|Vanessa Watanabe||Partner||View Profile|