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Posse Herrera Ruiz

CRA 7 NO 71-52, TORRE A, PISO 5, BOGOTÁ, COLOMBIA
Tel:
Work +57 1 325 7300
Fax:
Fax +57 1 325 7313
Email:
Web:
www.phrlegal.com

Colombia

Banking and finance
Banking and finance - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruizcontinues to be a leading law firm’, advising, for instance, Concesión Ruta al Mar on the $480m financing of the 4G PPP road project using both international bonds and local loans. The 13-strong team, under the direction of Mariana Posse, also advised Grupo Sura on $350m bond issuance under Rule 144A/Reg S, with Merrill Lynch and Morgan Stanley as initial purchasers; and counselled Bodytech regarding the structuring and negotiation of a $104m multijurisdictional loan. Other clients include Corporación Andina de Fomento (CAF), International Finance Corporation (IFC) and Sumitomo Mitsui Banking Corporation. Jose Alejandro Torres is very well regarded.

Leading individuals

Mariana Posse - Posse Herrera Ruiz

Next generation lawyers

Mateo Mendoza - Posse Herrera Ruiz

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Posse Herrera Ruiz

Co-led by senior partners Jaime Herrera and Daniel Posse – corporate and litigation specialists, respectively, both have considerable competition expertise – Posse Herrera Ruiz’s practice has extensive experience advising clients in all sectors of the economy, in competition law, antitrust regulation, M&A-filings and associated contentious matters. The 4-lawyer team also includes associates Juan Pablo Bonilla and Hernán Panesso and recently advised Jerónimo Martins in antitrust matters related to its establishment of a Colombian operation, including the expansion of its retail outlet business – a mandate involving 10 merger clearances over the past year. Other work saw the team assist Tronox obtain antitrust clearance for its acquisition of Cristal’s titanium dioxide business. Other clients include Seguros Bolívar, Diageo, Saint-Gobain and Automotores Toyota de Colombia.

Next generation lawyers

Hernán Panesso - Posse Herrera Ruiz

Juan Pablo Bonilla - Posse Herrera Ruiz

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 1

Posse Herrera Ruiz

A top choice in the area’, the 29-strong practice at Posse Herrera Ruiz provides strong multidisciplinary legal advice, especially in the M&A context, displaying ‘a very sophisticated knowledge of the local context’ and ‘excellent responsiveness and appropriateness of advice’. Oscar Tutasaura led the counsel to Lazard in the valuation, reorganization and $400m sale of Saludcoop’s strategic assets, including health insurance companies and healthcare institutions – notably Cafesalud EPS, the largest health insurer in Colombia covering 5.8 million individuals. Tutasaura and the much in-demand José Alejandro Torres, ‘a veteran advisor’ co-direct the firm’s compliance practice in addition to their transactional and general corporate activity. Jaime Cubillos, a ‘very strong M&A lawyer with solid knowledge about cross border M&A under Colombian and other key international jurisdictions’, advised Banmedica on the $2.7bn sale of its operations in Chile, Peru and Colombia to United Health Group. Jaime Herrera led the advice to IFM Investors in the €2.7bn global acquisition of 100% of OHL Concesiones. Gabriel Sánchez, who made partner in early 2017, and associates Vivianne Baptiste and Carolina Hernández are also noted. Other clients include Gas Natural Fenosa, Urbaser, The Abraaj Group, Grupo Orbis and AXA.

Leading individuals

Jaime Herrera - Posse Herrera Ruiz

José Alejandro Torres - Posse Herrera Ruiz

Oscar Tutasaura - Posse Herrera Ruiz

Next generation lawyers

Gabriel Sánchez - Posse Herrera Ruiz

Vivianne Baptiste - Posse Herrera Ruiz

[back to top]

Energy and natural resources
Energy and natural resources - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruiz works in all key segments of the energy and natural resources space. The practice, led by Àlvaro José Rodríguez is advising oil and gas companies with onshore and offshore projects, to whom the firm delivers additional integrated counsel on tax and international trade to benefit from Free Trade Zones. The practice also focuses on conventional and renewable power generation and transmission and is assisting several companies on the development of wind power generation projects and greenfield solar projects. The firm is also active in environmental and social issues, namely environmental licensing due diligence and compliance. Recent mandates include advising Synergy Energy Corporation on the sale of 100% of the shares of Petrocolombia to Hades E&P Holding; the purchase price was structured in a staggered manner depending on certain oil and gas production milestones under an open association contract with Ecopetrol. The former legal director of Trafigura in Colombia Mariana Sanchez and environmental law-focused associate Maria Catalina Visbal are also both noted. Enel Green Power, Anadarko, Conoco Philips, Trafigura and Itau are also on the client roster.

Leading individuals

Àlvaro José Rodríguez - Posse Herrera Ruiz

[back to top]

Insurance
Insurance - ranked: tier 3

Posse Herrera Ruiz

Posse Herrera Ruiz has a niche practice in insurance matters related to major infrastructure projects and represents lenders and sponsors in the negotiations of complex policies to cover large EPC contracts. The team, led by recommended Oscar Tutasaura, also advises insurance companies on corporate and M&A matters. The practice advised Lazard Colombia on the sale of the assets of major Colombian health insurer, Cafesalud EPS, as well as of the shares of Estudios e Inversiones Médicas – Esimed, a health care provider that operates around 80 clinics nationwide. Other clients include Caixa Seguros, Liberty Mutual Insurance Company, AXA and Grupo Sura.

[back to top]

Intellectual property
Intellectual property - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz's team answers ‘in a very timely manner with absolute knowledge of the issues’. The practice offers a one-stop service that centralises IP filings in 23 Latin American countries and ‘well-respected’ head of the practice, Helena Camargo, led advice to Bozicevic Field & Francis on a filing on behalf of Regeneron Pharmaceuticals and Zogenix International of pharmaceutical patents in Colombia, Mexico, Peru, Brazil, and Chile. The team also acted for Banco Davivienda in protecting its Daviplata Global trade mark for a service that enables Colombian expatriates to send funds back to the country. Ernesto Cavelier and associates Mónica Bonnett (‘very fast and accurate in her responses as well as having lots of experience in patent cases’), and Annabelle Angarita are also key members of the practice. Clients include SBS Seguros Colombia, Grupo Energia de Bogotá, Prebel and Google.

Leading individuals

Helena Camargo - Posse Herrera Ruiz

Next generation lawyers

Annabelle Angarita - Posse Herrera Ruiz

[back to top]

International trade and customs
International trade and customs - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz offers ‘first class service’. The practice, led by ‘expert’ Juan David Barbosa, ‘is very efficient and effective when answering queries’; it is ‘a team of experts who give a very good service and they are also proactive when issues arise’. The practice is advising Adidas in several customs valuation disputes against the Colombian Customs Authority (with an aggregate value of $32m), and also advised Petrobras in the establishment of an offshore free trade zone for its oil and gas operations in Colombia. Other clients include Diageo, Unilever, Decathlon, Repsol and Amazon.

Leading individuals

Juan Guillermo Ruiz - Posse Herrera Ruiz

Next generation lawyers

Juan David Barbosa - Posse Herrera Ruiz

[back to top]

Labour and employment
Labour and employment - ranked: tier 2

Posse Herrera Ruiz

Inspiring total confidence’, Posse Herrera Ruiz handles large-scale personnel transfers and dismissals as a result of mergers and restructurings, as well as high-profile terminations. The firm is experienced in litigation and also helps clients with social security and payroll tax issues, and assists private equity funds, in particular, in conducting labour due diligences on target companies. Recommended practitioner Carolina Camacho leads the 12-strong team with ‘capable’ associate Camilo Bernal ‘the right-hand man’. The team advised Lazard Colombia and SaludCoop (in liquidation proceedings) on several labour matters that arose from the sale of insurer Cafesalud, a SaludCoop company, to Prestasalud and the creation of a new company, Medimás, that holds Cafesalud’s assets. The practice has also represented Unilever in settlement hearings and provided specific legal advice regarding the pension contributions for some positions in the company, also assisting with regular labour and migratory compliance in Colombia and with restructuring processes and termination processes with third-party providers. Amazon, Turkish Airlines, American Express, Google and Perenco Oil and Gas are also clients.

Leading individuals

Carolina Camacho - Posse Herrera Ruiz

Next generation lawyers

Camilo Bernal - Posse Herrera Ruiz

[back to top]

Projects
Projects - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruiz’s areas of expertise focus mainly on projects from industry sectors such as infrastructure, transportation, power energy, hydrocarbons and telecommunications. ‘Very well-known and respected’ figures Alessia Abello and José Alejandro Torres co-lead the 15-strong department, which is advising the Mayor’s Office of Bogotá on the contractual arrangements, legal implications and financing of the implementation of a traffic congestion charge in Bogota. The practice is also assisting POMA on the bid to design, build and install a mass transit cable car system in the city of Pereira. In another highlight, the firm advised Empresa Metropolitana Metro de Quito on the structuring, commercial implications and contractual options for the implementation of the operation and maintenance of the Quito Metro Line 1 Project. Jaime Herrera, Paola Aldana and Sebastián Lora are also key members of the practice. Conseciones Via Del Sur, Suez International, Cepsa and Risk Ventures are among other clients.

Leading individuals

Alessia Abello - Posse Herrera Ruiz

Jaime Herrera - Posse Herrera Ruiz

Next generation lawyers

Paola Aldana - Posse Herrera Ruiz

Sebastián Lora - Posse Herrera Ruiz

[back to top]

Real estate
Real estate - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz has broad experience in real estate projects, the solution of complex real estate disputes, large-scale real estate acquisitions and agribusiness projects. More recently, the team has gained experience in urbanism and zoning regulation due to the increasing participation of senior associate Alejandro Turbay in the sector. Recommended specialists Andrés Montoya and José Alejandro Torres co-head the team, which is at ‘the highest level’ in terms of ‘dedication, commitment and availability’, so becoming ‘a strategic ally for the structuring, implementation and execution of investments in real estate assets’. The 11-strong practice is advising BTG Pactual Real Estate Fund, one of the leading financial groups in Latin America, on the acquisition of two datacentres in Bogota’s Free Trade Zone. Highlights also included assisting Phoenix Tower with a buyouts program for the acquisition of several real estate properties for the installation of telecommunications towers, involving the assignment of lease agreements and negotiations with telecom providers.

Leading individuals

José Alejandro Torres - Posse Herrera Ruiz

Next generation lawyers

Alejandro Turbay - Posse Herrera Ruiz

[back to top]

TMT
TMT - ranked: tier 4

Posse Herrera Ruiz

Posse Herrera Ruiz’s seven strong team is led by Ernesto Cavelier and Andrés Montoya. It recently assisted Google regarding the provision of cloud computing services to state companies in Colombia, particularly following the publication of the cloud computing services framework agreements prepared by the state agency for government procurement, Colombia Compra Eficiente. Highlights also included advising Phoenix Tower on two M&A transactions; the acquisition of approximately 100 telecom-tower sites from Syscom and a further 10 from Torresec.

[back to top]

Tax
Tax - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruizdelivers top-of-the industry services in tax matters with a group of practitioners highly recognized both locally and internationally as a reliable professional and academic source’. Led by Juan Guillermo Ruiz a ‘world-class expert, focused on service and client delivery’, the 26-lawyer strong practice – which includes four partners – is one of the largest in the country. Recent mandates include advising Organización Terpel on tax planning for the acquisition of Exxon in Peru, Colombia, and Ecuador. Copec was required to obtain pre-closing antitrust approvals in those countries, requiring some contractual and corporate reorganization prior to closing – the firm also handled these issues. Recently-named partners Juan Camilo de Bedout and Juan David Velasco handle tax litigation and transfer pricing, and transactional tax and international taxation, respectively. Also noted is senior associate Jaime Gómez, who leads on private wealth matters. Clients includes Adidas, Cencosud, Gas Natural, Shell and Anadarko.

Leading individuals

Juan Guillermo Ruiz - Posse Herrera Ruiz

Next generation lawyers

Juan Camilo de Bedout - Posse Herrera Ruiz

[back to top]

Colombia: Dispute resolution

Arbitration
Dispute resolution: Arbitration - ranked: tier 2

Posse Herrera Ruiz

With a strong track record in construction arbitrations, Posse Herrera Ruiz continued to assist international law firm King & Spalding LLP in the cross-border ICC arbitration brought by Refinería de Cartagena (Reficar) against an American contractor for breach of an EPC contract for the $8bn construction and refurbishment of the refinery. The case is led by practice head Daniel Posse. María Lucía Posada is representing CEPSA, a Spanish oil and gas company, in a domestic arbitration filed by Termotécnica Coindustrial regarding a $12m breach of contract for the construction of oil and gas facilities. Carolina Posada is acting for the Brazilian and Colombian subsidiaries of Blau Farmaceutica in an international arbitration filed by previous minority shareholders of Blau Farmaceutica for an alleged rights infringement deriving from an alleged abuse of its dominant position in the payment of dividends.

[back to top]

Litigation
Dispute resolution: Litigation - ranked: tier 1

Posse Herrera Ruiz

Founding partner Daniel Posse, whose expertise in the field is ‘unrivalled’, co-leads Posse Herrera Ruiz’s 20-strong team along with Carolina Posada, who is ‘thorough, accurate, strategic, a true out-side-of the box thinker’. Clients point to proportionate costs, in terms of quality and results, the disposition of the four partners, attending directly the matters, and the integrity and ethics with which the cases are conducted. The practice undertakes corporate and commercial disputes, constitutional actions and administrative litigation. It is representing Toyota in a case against a former distributor, and Fundación Social in a case against its co-investors in a pharmaceutical project. Other matters include advising a mining company regarding a constitutional action that affects the viability of one of its projects and representing a multinational retailer regarding a regulatory fine. María Lucía Posada is also highly recommended; she is advising mining company South 32’s Cerro Matoso subsidiary on administrative proceedings that seek to annul enacted regulations which established the retroactivity of nickel royalty payments for the group’s Colombian mines. Pablo Enrique Sierra and Juan Pablo Bonilla are also noted.

Leading individuals

Carolina Posada - Posse Herrera Ruiz

Daniel Posse - Posse Herrera Ruiz

Next generation lawyers

María Lucía Posada - Posse Herrera Ruiz

Pablo Enrique Sierra - Posse Herrera Ruiz

[back to top]

Latin America: International firms

Local practitioners of note (by country)

Established in 2017, litigation and arbitration boutique Zuleta Abogados Asociados S.A.S is widely recognised as the ‘go-to’ firm for international dispute resolution. Name partner Eduardo Zuleta is ‘a leader in the international arbitration space’ and is supported by arbitral experts Rafael Bernal, Antonio Aljure, Gustavo Suárez and Rafael Rincón Ordóñez. Best known as a litigator, Posse Herrera Ruiz’s Daniel Posse is increasingly active in the sector and is a member of the Colombian Arbitration Committee. Luis Alfredo Barragán Arango at Brigard & Urrutia is highly regarded by peers and clients. Suescún Abogados’ recent highlights saw Felipe Suescún de Roa successfully represent Carbones del Cerrejón, Anglo American and Glencore in an ICC arbitration against a Spanish-Colombian consortium relating to the construction of a marine project. Founding partner Jorge Suescún Melo is also noted for domestic and international arbitration, and regularly acts as counsel and arbitrator.

[back to top]



Colombia

Banking and finance
Banking and finance - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruizcontinues to be a leading law firm’, advising, for instance, Concesión Ruta al Mar on the $480m financing of the 4G PPP road project using both international bonds and local loans. The 13-strong team, under the direction of Mariana Posse, also advised Grupo Sura on $350m bond issuance under Rule 144A/Reg S, with Merrill Lynch and Morgan Stanley as initial purchasers; and counselled Bodytech regarding the structuring and negotiation of a $104m multijurisdictional loan. Other clients include Corporación Andina de Fomento (CAF), International Finance Corporation (IFC) and Sumitomo Mitsui Banking Corporation. Jose Alejandro Torres is very well regarded.

Leading individuals

Mariana Posse - Posse Herrera Ruiz

Next generation lawyers

Mateo Mendoza - Posse Herrera Ruiz

[back to top]

Competition and antitrust
Competition and antitrust - ranked: tier 2

Posse Herrera Ruiz

Co-led by senior partners Jaime Herrera and Daniel Posse – corporate and litigation specialists, respectively, both have considerable competition expertise – Posse Herrera Ruiz’s practice has extensive experience advising clients in all sectors of the economy, in competition law, antitrust regulation, M&A-filings and associated contentious matters. The 4-lawyer team also includes associates Juan Pablo Bonilla and Hernán Panesso and recently advised Jerónimo Martins in antitrust matters related to its establishment of a Colombian operation, including the expansion of its retail outlet business – a mandate involving 10 merger clearances over the past year. Other work saw the team assist Tronox obtain antitrust clearance for its acquisition of Cristal’s titanium dioxide business. Other clients include Seguros Bolívar, Diageo, Saint-Gobain and Automotores Toyota de Colombia.

Next generation lawyers

Hernán Panesso - Posse Herrera Ruiz

Juan Pablo Bonilla - Posse Herrera Ruiz

[back to top]

Corporate and M&A
Corporate and M&A - ranked: tier 1

Posse Herrera Ruiz

A top choice in the area’, the 29-strong practice at Posse Herrera Ruiz provides strong multidisciplinary legal advice, especially in the M&A context, displaying ‘a very sophisticated knowledge of the local context’ and ‘excellent responsiveness and appropriateness of advice’. Oscar Tutasaura led the counsel to Lazard in the valuation, reorganization and $400m sale of Saludcoop’s strategic assets, including health insurance companies and healthcare institutions – notably Cafesalud EPS, the largest health insurer in Colombia covering 5.8 million individuals. Tutasaura and the much in-demand José Alejandro Torres, ‘a veteran advisor’ co-direct the firm’s compliance practice in addition to their transactional and general corporate activity. Jaime Cubillos, a ‘very strong M&A lawyer with solid knowledge about cross border M&A under Colombian and other key international jurisdictions’, advised Banmedica on the $2.7bn sale of its operations in Chile, Peru and Colombia to United Health Group. Jaime Herrera led the advice to IFM Investors in the €2.7bn global acquisition of 100% of OHL Concesiones. Gabriel Sánchez, who made partner in early 2017, and associates Vivianne Baptiste and Carolina Hernández are also noted. Other clients include Gas Natural Fenosa, Urbaser, The Abraaj Group, Grupo Orbis and AXA.

Leading individuals

Jaime Herrera - Posse Herrera Ruiz

José Alejandro Torres - Posse Herrera Ruiz

Oscar Tutasaura - Posse Herrera Ruiz

Next generation lawyers

Gabriel Sánchez - Posse Herrera Ruiz

Vivianne Baptiste - Posse Herrera Ruiz

[back to top]

Energy and natural resources
Energy and natural resources - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruiz works in all key segments of the energy and natural resources space. The practice, led by Àlvaro José Rodríguez is advising oil and gas companies with onshore and offshore projects, to whom the firm delivers additional integrated counsel on tax and international trade to benefit from Free Trade Zones. The practice also focuses on conventional and renewable power generation and transmission and is assisting several companies on the development of wind power generation projects and greenfield solar projects. The firm is also active in environmental and social issues, namely environmental licensing due diligence and compliance. Recent mandates include advising Synergy Energy Corporation on the sale of 100% of the shares of Petrocolombia to Hades E&P Holding; the purchase price was structured in a staggered manner depending on certain oil and gas production milestones under an open association contract with Ecopetrol. The former legal director of Trafigura in Colombia Mariana Sanchez and environmental law-focused associate Maria Catalina Visbal are also both noted. Enel Green Power, Anadarko, Conoco Philips, Trafigura and Itau are also on the client roster.

Leading individuals

Àlvaro José Rodríguez - Posse Herrera Ruiz

[back to top]

Insurance
Insurance - ranked: tier 3

Posse Herrera Ruiz

Posse Herrera Ruiz has a niche practice in insurance matters related to major infrastructure projects and represents lenders and sponsors in the negotiations of complex policies to cover large EPC contracts. The team, led by recommended Oscar Tutasaura, also advises insurance companies on corporate and M&A matters. The practice advised Lazard Colombia on the sale of the assets of major Colombian health insurer, Cafesalud EPS, as well as of the shares of Estudios e Inversiones Médicas – Esimed, a health care provider that operates around 80 clinics nationwide. Other clients include Caixa Seguros, Liberty Mutual Insurance Company, AXA and Grupo Sura.

[back to top]

Intellectual property
Intellectual property - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz's team answers ‘in a very timely manner with absolute knowledge of the issues’. The practice offers a one-stop service that centralises IP filings in 23 Latin American countries and ‘well-respected’ head of the practice, Helena Camargo, led advice to Bozicevic Field & Francis on a filing on behalf of Regeneron Pharmaceuticals and Zogenix International of pharmaceutical patents in Colombia, Mexico, Peru, Brazil, and Chile. The team also acted for Banco Davivienda in protecting its Daviplata Global trade mark for a service that enables Colombian expatriates to send funds back to the country. Ernesto Cavelier and associates Mónica Bonnett (‘very fast and accurate in her responses as well as having lots of experience in patent cases’), and Annabelle Angarita are also key members of the practice. Clients include SBS Seguros Colombia, Grupo Energia de Bogotá, Prebel and Google.

Leading individuals

Helena Camargo - Posse Herrera Ruiz

Next generation lawyers

Annabelle Angarita - Posse Herrera Ruiz

[back to top]

International trade and customs
International trade and customs - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz offers ‘first class service’. The practice, led by ‘expert’ Juan David Barbosa, ‘is very efficient and effective when answering queries’; it is ‘a team of experts who give a very good service and they are also proactive when issues arise’. The practice is advising Adidas in several customs valuation disputes against the Colombian Customs Authority (with an aggregate value of $32m), and also advised Petrobras in the establishment of an offshore free trade zone for its oil and gas operations in Colombia. Other clients include Diageo, Unilever, Decathlon, Repsol and Amazon.

Leading individuals

Juan Guillermo Ruiz - Posse Herrera Ruiz

Next generation lawyers

Juan David Barbosa - Posse Herrera Ruiz

[back to top]

Labour and employment
Labour and employment - ranked: tier 2

Posse Herrera Ruiz

Inspiring total confidence’, Posse Herrera Ruiz handles large-scale personnel transfers and dismissals as a result of mergers and restructurings, as well as high-profile terminations. The firm is experienced in litigation and also helps clients with social security and payroll tax issues, and assists private equity funds, in particular, in conducting labour due diligences on target companies. Recommended practitioner Carolina Camacho leads the 12-strong team with ‘capable’ associate Camilo Bernal ‘the right-hand man’. The team advised Lazard Colombia and SaludCoop (in liquidation proceedings) on several labour matters that arose from the sale of insurer Cafesalud, a SaludCoop company, to Prestasalud and the creation of a new company, Medimás, that holds Cafesalud’s assets. The practice has also represented Unilever in settlement hearings and provided specific legal advice regarding the pension contributions for some positions in the company, also assisting with regular labour and migratory compliance in Colombia and with restructuring processes and termination processes with third-party providers. Amazon, Turkish Airlines, American Express, Google and Perenco Oil and Gas are also clients.

Leading individuals

Carolina Camacho - Posse Herrera Ruiz

Next generation lawyers

Camilo Bernal - Posse Herrera Ruiz

[back to top]

Projects
Projects - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruiz’s areas of expertise focus mainly on projects from industry sectors such as infrastructure, transportation, power energy, hydrocarbons and telecommunications. ‘Very well-known and respected’ figures Alessia Abello and José Alejandro Torres co-lead the 15-strong department, which is advising the Mayor’s Office of Bogotá on the contractual arrangements, legal implications and financing of the implementation of a traffic congestion charge in Bogota. The practice is also assisting POMA on the bid to design, build and install a mass transit cable car system in the city of Pereira. In another highlight, the firm advised Empresa Metropolitana Metro de Quito on the structuring, commercial implications and contractual options for the implementation of the operation and maintenance of the Quito Metro Line 1 Project. Jaime Herrera, Paola Aldana and Sebastián Lora are also key members of the practice. Conseciones Via Del Sur, Suez International, Cepsa and Risk Ventures are among other clients.

Leading individuals

Alessia Abello - Posse Herrera Ruiz

Jaime Herrera - Posse Herrera Ruiz

Next generation lawyers

Paola Aldana - Posse Herrera Ruiz

Sebastián Lora - Posse Herrera Ruiz

[back to top]

Real estate
Real estate - ranked: tier 2

Posse Herrera Ruiz

Posse Herrera Ruiz has broad experience in real estate projects, the solution of complex real estate disputes, large-scale real estate acquisitions and agribusiness projects. More recently, the team has gained experience in urbanism and zoning regulation due to the increasing participation of senior associate Alejandro Turbay in the sector. Recommended specialists Andrés Montoya and José Alejandro Torres co-head the team, which is at ‘the highest level’ in terms of ‘dedication, commitment and availability’, so becoming ‘a strategic ally for the structuring, implementation and execution of investments in real estate assets’. The 11-strong practice is advising BTG Pactual Real Estate Fund, one of the leading financial groups in Latin America, on the acquisition of two datacentres in Bogota’s Free Trade Zone. Highlights also included assisting Phoenix Tower with a buyouts program for the acquisition of several real estate properties for the installation of telecommunications towers, involving the assignment of lease agreements and negotiations with telecom providers.

Leading individuals

José Alejandro Torres - Posse Herrera Ruiz

Next generation lawyers

Alejandro Turbay - Posse Herrera Ruiz

[back to top]

TMT
TMT - ranked: tier 4

Posse Herrera Ruiz

Posse Herrera Ruiz’s seven strong team is led by Ernesto Cavelier and Andrés Montoya. It recently assisted Google regarding the provision of cloud computing services to state companies in Colombia, particularly following the publication of the cloud computing services framework agreements prepared by the state agency for government procurement, Colombia Compra Eficiente. Highlights also included advising Phoenix Tower on two M&A transactions; the acquisition of approximately 100 telecom-tower sites from Syscom and a further 10 from Torresec.

[back to top]

Tax
Tax - ranked: tier 1

Posse Herrera Ruiz

Posse Herrera Ruizdelivers top-of-the industry services in tax matters with a group of practitioners highly recognized both locally and internationally as a reliable professional and academic source’. Led by Juan Guillermo Ruiz a ‘world-class expert, focused on service and client delivery’, the 26-lawyer strong practice – which includes four partners – is one of the largest in the country. Recent mandates include advising Organización Terpel on tax planning for the acquisition of Exxon in Peru, Colombia, and Ecuador. Copec was required to obtain pre-closing antitrust approvals in those countries, requiring some contractual and corporate reorganization prior to closing – the firm also handled these issues. Recently-named partners Juan Camilo de Bedout and Juan David Velasco handle tax litigation and transfer pricing, and transactional tax and international taxation, respectively. Also noted is senior associate Jaime Gómez, who leads on private wealth matters. Clients includes Adidas, Cencosud, Gas Natural, Shell and Anadarko.

Leading individuals

Juan Guillermo Ruiz - Posse Herrera Ruiz

Next generation lawyers

Juan Camilo de Bedout - Posse Herrera Ruiz

[back to top]

Colombia: Dispute resolution

Arbitration
Dispute resolution: Arbitration - ranked: tier 2

Posse Herrera Ruiz

With a strong track record in construction arbitrations, Posse Herrera Ruiz continued to assist international law firm King & Spalding LLP in the cross-border ICC arbitration brought by Refinería de Cartagena (Reficar) against an American contractor for breach of an EPC contract for the $8bn construction and refurbishment of the refinery. The case is led by practice head Daniel Posse. María Lucía Posada is representing CEPSA, a Spanish oil and gas company, in a domestic arbitration filed by Termotécnica Coindustrial regarding a $12m breach of contract for the construction of oil and gas facilities. Carolina Posada is acting for the Brazilian and Colombian subsidiaries of Blau Farmaceutica in an international arbitration filed by previous minority shareholders of Blau Farmaceutica for an alleged rights infringement deriving from an alleged abuse of its dominant position in the payment of dividends.

[back to top]

Litigation
Dispute resolution: Litigation - ranked: tier 1

Posse Herrera Ruiz

Founding partner Daniel Posse, whose expertise in the field is ‘unrivalled’, co-leads Posse Herrera Ruiz’s 20-strong team along with Carolina Posada, who is ‘thorough, accurate, strategic, a true out-side-of the box thinker’. Clients point to proportionate costs, in terms of quality and results, the disposition of the four partners, attending directly the matters, and the integrity and ethics with which the cases are conducted. The practice undertakes corporate and commercial disputes, constitutional actions and administrative litigation. It is representing Toyota in a case against a former distributor, and Fundación Social in a case against its co-investors in a pharmaceutical project. Other matters include advising a mining company regarding a constitutional action that affects the viability of one of its projects and representing a multinational retailer regarding a regulatory fine. María Lucía Posada is also highly recommended; she is advising mining company South 32’s Cerro Matoso subsidiary on administrative proceedings that seek to annul enacted regulations which established the retroactivity of nickel royalty payments for the group’s Colombian mines. Pablo Enrique Sierra and Juan Pablo Bonilla are also noted.

Leading individuals

Carolina Posada - Posse Herrera Ruiz

Daniel Posse - Posse Herrera Ruiz

Next generation lawyers

María Lucía Posada - Posse Herrera Ruiz

Pablo Enrique Sierra - Posse Herrera Ruiz

[back to top]

Latin America: International firms

Local practitioners of note (by country)

Established in 2017, litigation and arbitration boutique Zuleta Abogados Asociados S.A.S is widely recognised as the ‘go-to’ firm for international dispute resolution. Name partner Eduardo Zuleta is ‘a leader in the international arbitration space’ and is supported by arbitral experts Rafael Bernal, Antonio Aljure, Gustavo Suárez and Rafael Rincón Ordóñez. Best known as a litigator, Posse Herrera Ruiz’s Daniel Posse is increasingly active in the sector and is a member of the Colombian Arbitration Committee. Luis Alfredo Barragán Arango at Brigard & Urrutia is highly regarded by peers and clients. Suescún Abogados’ recent highlights saw Felipe Suescún de Roa successfully represent Carbones del Cerrejón, Anglo American and Glencore in an ICC arbitration against a Spanish-Colombian consortium relating to the construction of a marine project. Founding partner Jorge Suescún Melo is also noted for domestic and international arbitration, and regularly acts as counsel and arbitrator.

[back to top]


Further information on Posse Herrera Ruiz

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Colombia

Offices in Bogota, Barranquilla, and Medellin

Legal Developments worldwide

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  • BRIBERY ALLEGATIONS IN MORE THAN ONE JURISDICTION: THE IMPORTANCE OF ENSURING A JOINED-UP DEFENCE AP

    Aziz Rahman considers the Ericsson bribery investigation and outlines how best to respond if you are investigated by more than one law enforcement agency
  • Sulphur Cap Ahead - Regulatory

    Sulphur Cap Ahead - Regulatory
  • GTDT Shipping - India

    Mr Shardul Thacker heads the shipping, oil and gas and banking practice group at Mulla & Mulla & Craigie Blunt & Caroe. Lloyd’s List ranked him third in their top 10 lawyers stating: “Highly regarded for his work in the liquefied natural gas sector, particularly for interesting and highly geared finance deals in relation to infrastructure projects, energy, ports and ships.” india_-_gtdt_shipping_
  • BVI'S NEW ECONOMIC SUBSTANCE LEGISLATION

    The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • AVELLUM advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt

    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
  • AVELLUM advises on Ukraine’s USD2 billion Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.