The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Posadas, Posadas & Vecino

MONES ROSES 6937, CP 11500, MONTEVIDEO, URUGUAY
Tel:
Work +598 2604 1604
Fax:
Fax +598 2604 6604
Email:
Web:
www.ppv.com.uy

Uruguay

Banking and finance
Banking and finance - ranked: tier 2

Posadas, Posadas & Vecino

A ‘reliable firm’ fielding ‘very capable partners’, Posadas, Posadas & Vecino impresses with its ‘strong combination of transactional and regulatory expertise’. The practice acts for a broad base of financial institutions, institutional investors, broker-dealers and financial advisers, and has a strong showing in renewable energy projects. Recent headline work saw group head Tomás Gurméndez advise national utility Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE) on the financing of a 70MW wind farm project, which involved a $44m IPO. On the lender side, Gurméndez advised the senior lenders on the $82m project financing of Sky Solar’s new solar farm in North Uruguay. Pablo Sequeira, who advised Bankinter on a $7m credit facility to Servicios Forestales Aprofor, is also highlighted.

Leading lawyers

Tomás Gurméndez - Posadas, Posadas & Vecino

[back to top]

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

Posadas, Posadas & Vecino

The ‘responsive and knowledgeable’ team at Posadas, Posadas & Vecino is particularly active in agribusiness, energy and natural resources, financial services and real estate matters, with a prominent record in high-profile foreign investment deals. Tomás Gurméndez is a ‘great lawyer’ and notably landed a key role in one of the most high-profile transactions to hit the market: namely, advising Fairfax Financial Holdings on the Uruguayan aspects of its $240m acquisition of the commercial and consumer insurance operations of AIG in Argentina, Colombia, Chile, Uruguay and Venezuela. Gurméndez also acted with Fernando de Posadas to assist BTG Pactual with its $403m acquisition of Weyerhaeuser’s operations in Uruguay. Tomás Guerrero jointly leads the team alongside Gurmendez and de Posadas.

Leading lawyers

Fernando de Posadas - Posadas, Posadas & Vecino

Tomás Guerrero - Posadas, Posadas & Vecino

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino’s team continues to gain market share and won several new trophy clients over the past year, including Johnson & Johnson, International Air Transport Association and Fortune International Realty. Seasoned litigator Luis Nin leads the group and represented Caterpillar Leasing in a construction dispute against Constructora Santa María. Associate María Laura Capalbo, who provided support on the Caterpillar case, ‘is very strong’.

Leading lawyers

Luis Nin - Posadas, Posadas & Vecino

Next generation lawyers

María Laura Capalbo - Posadas, Posadas & Vecino

[back to top]

Labour and employment
Labour and employment - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino’s ‘solution-oriented and multidisciplinary team’ is a major differentiator for its clients. The practice, which routinely advises on both consultancy and contentious matters, is co-led by the ‘efficient, decisive and knowledgeable’ Cecilia Demarco and Gonzalo Gari Irureta Goyena – both are senior associates. Representative clients include Aerolíneas Argentinas, Cargill and Julio César Lestido. Senior associate María José Fernández Goenaga recently joined from Ferrere.

Next generation lawyers

Cecilia Demarco - Posadas, Posadas & Vecino

María José Fernández Goenaga - Posadas, Posadas & Vecino

[back to top]

Real estate
Real estate - ranked: tier 1

Posadas, Posadas & Vecino

Among Posadas, Posadas & Vecino’s chief attributes, clients appreciate that key partners ‘actually get involved in matters, rather than just merely supervising junior attorneys’. The ‘hands-on’, ‘extremely reliable’ and ‘cost-efficient’ team is co-led by the ‘extremely experiencedPablo Sequeira and the ‘pro-dealEduardo Ferrari, the latter of whom is also commended for ‘instilling confidence when a transaction gets complicated’. The practice, which routinely handles transactions in the retail, leisure, commercial and industrial sectors, is adept across a broad range of finance, construction and general commercial issues, acting for both domestic and multinational clients. In a significant coup, the firm advised a consortium, backed by BTG Pactual’s Timberland Investment Group, on its acquisition of Weyerhaeuser’s timberland and manufacturing business in Uruguay. Other representative clients include Fortune International Realty and Berkes Construcciones y Montajes.

Leading lawyers

Eduardo Ferrari - Posadas, Posadas & Vecino

Pablo Sequeira - Posadas, Posadas & Vecino

[back to top]

Tax
Tax - ranked: tier 2

Posadas, Posadas & Vecino

Posadas, Posadas & Vecino distinguishes itself through its ability to ‘effectively provide an integrated solution for all the client’s needs’. International taxation is a sweet spot and the firm also acts on domestic matters and tax litigation. Zonamérica-based department head Raúl Vairo recently advised longstanding client BTG Pactual on funds-related tax matters.

Leading lawyers

Raúl Vairo - Posadas, Posadas & Vecino

[back to top]


Further information on Posadas, Posadas & Vecino

Please choose from this list to view details of what we say about Posadas, Posadas & Vecino in other jurisdictions.

Uruguay

Offices in Montevideo, Punta del Este, and Montevideo

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Consolidated Group (Income Tax) Rules, 2019

    On 31 May 2019, Malta published the “Consolidated Group (Income Tax) Rules". The rules will come into force as from year of assessment 2020 and the rules introduce the concept of fiscal units into Maltese tax law .
  • Renewable energy in Ukraine: green auctions launched

    In the first half of 2019 alone, renewable energy facilities with a capacity of more than 1.5 GW were connected to the Ukrainian grid, with about 96% of those being solar and wind energy facilities. In the whole of 2018, which has been a record-breaking year so far, numbers were almost half as high. The Ukrainian market also remains very attractive to foreign investors, not least because of the lucrative feed-in tariff rates, which are paid out regularly. Now, after the adoption of the so-called law on green auctions, significant changes can be expected.
  • Economic Substance Requirements - Fund Managers

    The International Tax Co-operation (Economic Substance) Law, 2018 (the “ES Law”) came into effect in the Cayman Islands on 1 January 2019, requiring in-scope entities that carry on particular activities to have demonstrable economic substance in the Cayman Islands.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath – Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?
  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.
  • British Airways and Marriott International Inc. face huge fines from UK data protection authority

    British Airways (‘BA’) may be hit with what will be the highest-ever penalty which the Information Commissioner’s Office (‘ICO’), the UK’s data protection supervisory authority, has handed out.
  • UAE Tax domicile certificate

    Issued by the Ministry of Finance in the United Arab Emirates (‘UAE’), the Tax Domicile Certificate (also referred to as the Tax Residency Certificate) enables eligible government entities, companies and individuals to take advantage of double taxation avoidance agreements on income signed by the UAE.
  • The Cayman Islands Data Protection Law, 2017

    The following information relates to the enactment of The Cayman Islands Data Protection Law, 2017 (" DPL "), which was expected to come into force on 29 January 2019, will now come into force in September 2019. The DPL will regulate the future processing of all personal data in the Cayman Islands.