Firm Profile > Posadas, Posadas & Vecino > Montevideo, Uruguay

Posadas, Posadas & Vecino
RUTA 8, KM 17500, OF 115
CP 91600, ZONAMERICA
MONTEVIDEO
Uruguay

Real estate Tier 1

The ‘very reliable’ group at Posadas, Posadas & Vecino has an enviable track record in both investment and development matters, with real estate trusts standing out as a notable sweet spot. Indeed, clients commend it for its ‘dedicated teams in both the notarial and trusts areas, which is rare in Uruguay’. Among its highlights, group co-head Pablo Sequeira advised CWK Desarrollos on the $19m construction of a major residential complex in Carrasco. Eduardo Ferrari, who co-leads the practice, is noted as ‘pro-deal, practical and sophisticated’; he provides ongoing advice to internet-based food provider PedidosYa on its real estate acquisitions. The group is also well versed in retail, leisure and industrial real estate projects. Associate Federico Peñasco, who is the key relationship contact for clients such as Berkes Construcciones y Montajes, is also recommended.

Banking and finance Tier 2

Posadas, Posadas & Vecino's ‘international-standard team’ acts for a veritable raft of local and multinational financial institutions, with representative names including Banco Santander, BNP Paribas and Inter-American Development Bank. Among its recent lender-side highlights, group head Tomás Gurméndez (‘extremely smart and experienced’) advised a group of creditors on several ‘normalisation agreements’ with JBS Group to provide greater financial security for the meat processing giant. Gurméndez also advised Société Générale Spain, as agent for a syndicated group of lenders, on a €120m revolving credit facility to Saeta Yield. The firm also handles a steady stream of work for borrowers, especially on the projects and infrastructure fronts. Pablo Sequeira, who is particularly noted for regulatory matters, is also recommended.

Corporate/M&A Tier 2

Professional and solution-orientedPosadas, Posadas & Vecino demonstrates ‘a clear focus on the client’s needs’. In particular, clients list the team’s ‘quick response times’, ‘tailor-made advice’ and ‘ability to adapt to changing circumstances’ among its key attributes. In a major coup, Coca-Cola turned to the firm for advice on its $250m disposal of Montevideo Refrescos to Mexico’s Coca-Cola FEMSA - sector specialist Fernando de Posadas led that work. Elsewhere, Gerardo Caffera advised Uruguayan diary giant Conaprole on the sale of its distribution unit CE.ME to Transamerican Group. The practice also benefits from the senior experience of Tomás Guerrero and Tomas Gurméndez, who jointly head the department alongside de Posadas. Since publication, Lucía Carbajal has been elected to the partnership. In addition, the practice fields a talented second-line of associates, with Lucía Barrios and Andres Aznarez both impressing.

Dispute resolution Tier 2

Posadas, Posadas & Vecino distinguishes itself through its ‘great flexibility and adaptability to client needs’, as well as its ‘strongly personalised service’. Group head Luis Nin particularly demonstrates a ‘profound knowledge of the law’ and brings to bear over 30 years’ experience in commercial and civil disputes and international arbitration. Among his recent highlights, Nin represented Gas Sayago in the bankruptcy proceedings of the Uruguayan branch of OAS and related litigation. Handling both contentious and consultancy matters, Valeria Techera was raised to the partnership in January 2020. Associate María Laura Capalbo is also recommended.

Labour and employment Tier 2

Posadas, Posadas & Vecino’s ‘very knowledgeable group’ handles a broad mix of compliance, consultancy and contentious work for an impressive raft of multinational clients, with representative names including Aerolíneas Argentinas, Cargill and Grupo Portillo. Senior associate Gonzalo Gari  co-leads the team and recently advised Julio César Lestido on the restructuring of its employees’ salary scheme, which included employee and union negotiations. Senior associate Cecilia Demarco, who co-leads the group, is also recommended.

Tax Tier 2

One of the most reputable teams in the country’, Posadas, Posadas & Vecino impresses with its strong international tax expertise, with clients commending its ‘solid cross-border know-how, which is extremely beneficial for multinational clients’. Zonamérica-based group head Raúl Vairo ‘knows the law inside out’ and recently advised BTG Pactual on cross-border funds issues. Since publication, Matías Rachetti -whose practice covers company law as well as tax advisory and planning- has been raised to the partnership. Montevideo-based associate Guillermo Sena also provides capable support.

With more than 90 years of history, Posadas, Posadas & Vecino (PPV) is one of the largest and most prestigious full-service firms in Uruguay. Since its foundation in 1926, the firm has had an international perspective, being the first Uruguayan firm to open branches within the country (Zonamerica and Punta del Este) and in Europe.

PPV’s leading position is built on its ability to support clients in highly complex business transactions, advising multinational corporations, financial institutions and local companies in a broad range of practice areas. The firm prides itself on keeping its tradition in the practice of law, providing personal attention to clients with great involvement from all partners in the cases handled. PPV’s professionals are highly specialized, most of them having studied abroad or worked for international firms.

Main areas of practice
Banking and finance: PPV represents some of the major multinational banks operating in Uruguay, having participated in most major banking and financing transactions, including syndicated lending, structured finance and project finance. The firm represents multilateral institutions in their lending activity in Uruguay and also counsels many representative offices of foreign banks and international brokerage firms doing business in Uruguay.

Corporate and M&A: the firm has a well-established and highly reputed corporate and M&A team, which has handled some of the most relevant transactions in recent years in a wide range of industries. It also assists local and foreign clients with regular commercial and corporate advice.

Dispute resolution: PPV has sound experience in litigation, handling civil and commercial litigation, insolvency, reorganization and bankruptcy matters, and administrative proceedings. PPV also advises clients in local and international arbitration cases, some members also having participated as arbitrators and expert witnesses. It has vast experience in class action disputes involving a considerable number of plaintiffs.

Energy and natural resources: in recent years, PPV has participated in a large number of relevant energy matters, including renewable energy projects (wind, solar and biomass sources), mining, and oil and gas, representing both developers and financing institutions. The firm has considerable experience in public biddings launched by the Uruguayan national electricity company.

Labor: the labor team advises on individual and collective matters related to employment and social security law, including handling trade union relations and collective bargaining agreements.

Tax and accounting: the firm has traditionally been very strong in assisting foreign clients, both personal and corporate, in tax and accounting matters. The firm’s tax and accounting team has grown considerably and branched out into more specialized activities, such as back office services for foreign entities.

Real estate: PPV has a strong real estate practice, representing developers and investors in different types of transactions including social housing, leisure, tourism, rental offices and urban construction. The firm has broad experience in structuring real estate agribusiness transactions, such as forestry and agriculture.

International work: in recent years PPV has been involved in a large number of deals, including M&A, bond issues, cross-border lendings, project financing, leisure, mining, agricultural, forestry, energy and telecommunications.

Department Name Email Telephone
Managing partners Tomás Guerrero
Managing partners Francisco Obes
Managing partners Eduardo Ferrari
Managing partners Fernando de Posadas
Senior contacts Eduardo Ferrari
Banking and finance Tomás Gurméndez
Corporate and M&A Fernando de Posadas
Corporate and M&A Tomás Guerrero
Corporate and M&A Tomás Gurméndez
Dispute resolution Luis Nin
Dispute resolution Laura Capalbo
Energy, natural resources Fernando de Posadas
Energy, natural resources Tomás Gurmendez
Labor Luis Nin
Labor Cecilia Demarco
Labor Gonzalo Gari
Tax and accounting Daniel González
Tax and accounting Raúl Vairo
Real estate and notarial services Pablo Sequeira
Photo Name Position Profile
Mr Fernando De Posadas  photo Mr Fernando De Posadas
Mr Eduardo Ferrari  photo Mr Eduardo Ferrari
Mr Gonzalo Gari  photo Mr Gonzalo Gari
Mr Tomás Guerrero Costa  photo Mr Tomás Guerrero Costa
Mr Tomas Gurméndez  photo Mr Tomas Gurméndez
Mr Luis Nin Estévez  photo Mr Luis Nin Estévez
Mr Pablo Sequeira  photo Mr Pablo Sequeira
Other fee-earners : 127
Total staff : 300
Partners : 17