Olivera Abogados > Montevideo, Uruguay > Firm Profile

Olivera Abogados

Uruguay > Banking and finance Tier 3

Olivera Abogados stands out for its advice on regulation and securities, as well as its ‘extensive experience in the constitution of trusts‘. The country’s electronic stock exchange Bevsa is a key client, for which the team assists with all regulatory matters and public securities offerings. Ricardo Olivera García is a reference in the regulatory sphere and co-leads the practice with Federico Rocca, who comes highly recommended by clients and is ‘recognised in the marketplace in relation to trusts‘.

Practice head(s):

Ricardo Olivera García; Federico Rocca


In our case, they have supported us with financial knowledge regarding instruments to work with the public sector, in the long term. They have solid knowledge and experience in public finance and the instruments to use that work alongside bank financing.

They differ in the immediate and direct treatment of the partners. Its main quality for us is knowledge of financial instruments in the public sector. We are attended by Federico Rocca, and his attention and knowledge is outstanding.

We are inclined towards their services due to the wide and recognised experience they have. They have extensive experience in the constitution of trusts where future flows are securitised. One of the most notable aspects is the direct involvement of the partner in charge of this project and the timely delivery of reports and key opinions for the project’s progress.

Federico Rocca: recognised in the marketplace in relation to trusts, he has participated in complicated and innovative structuring.

The team’s care is comprehensive and widely satisfactory.

Federico Rocca: extensive, solid and experienced knowledge of the financial system, with the regulator and of our company.

Ricardo Olivera – Expert, experienced, 100% committed to the client.

Key clients


Gastón Bengochea

Newfoundland Capital Management



Fideicomiso Orbis


Sergio Lamorte



Work highlights

  • Representing Bevsa in all regulatory matters and public securities offerings.
  • Assisted Newfoundland Capital Management with the financial and commercial debt restructuring of all the entities that make up Grupo Teyma.
  • Advising Gaston Bengochea on the reorganisation and analysis of the terms and conditions as subordinated creditor of an investment trust created for the financing of a wind farm vis-á-vis the international senior creditors.

Uruguay > Corporate and M&A Tier 3

Olivera Abogados' corporate law team frequently advises major domestic players operating in the country's key industries, assisting with M&A, restructurings and corporate governance. Construction company Teyma Uruguay was a recent addition to its domestic client list, instructing the firm on the transfer of shares in Unidad Punta de Rieles to Aberdeen Standard Investments. The team also acts for a number of international companies with operations in Uruguay, and is the local contact for several international law firms. Corporate restructurings are a particularly strong niche, with Ricardo Olivera García a go-to name on that front. He coordinates the group with Juan Martín Olivera, who is involved across the breadth of corporate deals handled by the firm; tax specialist Andrés Hessdörfer; and finance expert Federico Rocca.

Practice head(s):

Ricardo Olivera García; Juan Martín Olivera; Andrés Hessdörfer; Federico Rocca


They have a very good team that consolidates a lot of experience and a mixture of young people who already have an excellent track record.

Very fast response and knowledge, normally very available for questions and understanding of concerns.

Availability and fast response.

We work with Ricardo Olivera and Nicolas Paseyro. They have shown a deep knowledge of the law and great support in the consultations and documents that we had to sign.

Key clients




Parex Klaukol

Citricola Salteña – Grupo Caputto

Punto Express Biabox

Ernst & Young


Teyma Uruguay


Work highlights

  • Advised Teyma Uruguay in the transfer process of its shares in Unidad Punta de Rieles to Aberdeen Standard Investments.
  • Assisting retail client Alian with its day-to-day corporate matters, including support through the pandemic.
  • Advised Uruguay Biopharmaceutical Research Company in the submission process of the public bid for the production and distribution of psychoactive cannabis for recreational purposes.

Uruguay > Dispute resolution Tier 3

Olivera Abogados balances a diverse, complex and valuable caseload for a predominantly domestic client base. Recent highlights have included representing real estate owner Faroy in a case regarding the construction of a Trump Tower property in Punta del Este, as well as major matters for sports and entertainment broadcaster Tenfield. The practice is coordinated by founding partner Ricardo Olivera García, who has experience in both litigation and arbitration, and Nicolás Paseyro, a name to note for IP and sports law disputes in particular. Graciela Hughes is a standout senior associate; she handles complex litigation procedures, particularly those involving trade mark conflicts and debt restructuring. Since publication, Hughes has departed the firm to work as an independent practitioner - effective as of December 2021.

Practice head(s):

Ricardo Olivera García; Nicolás Paseyro


I highlight many points in favour of Olivera Abogados. The prompt response, the clarity with the client, the professionalism and dedication to each topic or simple consultation. The long hours of attention, the deepening and exhaustive study of the different topics in each case.

At different times I have been treated by different professionals for dealing with different topics. I have always found the same spirit, excellence, kindness, professionalism, vast knowledge, concern, dedication, etc.

I have worked with Graciela Hughes and in all cases I have also had the support and personal meetings with Ricardo Olivera, whenever it has been necessary.

Key clients



Gaviota Simbac




Molino Cañuelas

Proyección Electroluz Uruguay

Laboratorio Roemmers

Citrícola Salteña

Work highlights

  • Acting for Tenfield in a lawsuit brought by 64 football referees claiming over $164m in damages for the alleged exploitation of the referees’ image rights through the broadcast of matches without their consent.
  • Representing Citrícola Salteña in its $60m bankruptcy proceedings.
  • Advising Faroy in an ongoing situation relating to the construction of the Trump Tower in the Uruguayan resort of Punta del Este.

Uruguay > Tax Tier 4

An increasingly diverse client list of key domestic players as well as multinationals look to Olivera Abogados for tax advice in Uruguay. Recognised as 'specialists in various subjects', the broad offering is headed by Andrés Hessdörfer, who is highly regarded for his 'intimate knowledge of local and international taxation'. Alongside him, managing and founding partner Ricardo Olivera García has broad business law experience.

Practice head(s):

Andrés Hessdörfer; Ricardo Olivera GarcÍa


The seriousness, responsibility, confidentiality and constant support make the firm distinctive.

Andrés Hessdörfer is our point of contact and our permanent reference for inquiries and operational activities. We have resorted to him, both for specific consultations and for complex businesses, and not only does he always demonstrate an absolute disposition, but also an intimate knowledge of local and international taxation that solves problems for us on the go with absolute confidence.

Contact and knowledge of our company. The monitoring and advice of Andrés Hessdörfer, on the front line, provides a very valid support. Professional knowledge of the different areas in which we require advice.

Attention, knowledge, seriousness and professional follow-up at all times.

Andrés Hessdörfer is brilliant and the best lawyer in the area that I know.

The Olivera team has served us a lot as specialists in various subjects, a function that advises and collaborates with our professionals who are more generalists.

Key clients

Punta Carretas Shopping Center

Algonquin Power & Utilities

Associated Press

Bolsa Electrónica de Valores (Bevsa)

Gastón Bengochea Sociedad de Bolsa

Formula E Operations

Pembina Pipeline Corporation


Union Agriculture Group

Edding Group

Northpoint Commercial Finance

Work highlights

  • Acted for Union Agriculture Group in the biggest corporate and tax restructuring in its history, in order to reduce operative and tax inefficiencies, particularly regarding equity tax.
  • Assisting Edding Group with tax advice on its international trade strategy and, in particular, in its Latin American operations.
  • Advising Bevsa on the release of a new business line of exchange rate forwards within the financial market.

Olivera Abogados is among the top law firms in Uruguay, providing comprehensive legal advice to Uruguayan and foreign companies and individuals. The firm is a member of TerraLex, the renowned international network of law firms characterized for their quality service.

The firm: The firm was founded by Ricardo Olivera Garcia in 1993 and maintains a strong commitment to quality and excellence to render the best service to its clients, through a corporate and interdisciplinary team formed by a new generation of young and outstanding professionals, which combines the benefits of complementary specializations and skills with personalized attention.

Areas of practice: With a strong track record in banking and finance, the firm assists numerous domestic and foreign banking and financial entities, providing advice on loans and ongoing regulatory matters, as well as debt issuances and sophisticated financial mandates. It is particularly well known for its work on cutting-edge financial matters.

Olivera Abogados also covers a full range of work in the corporate and M&A area, from general corporate advice to complex M&A and transactional work, shareholder agreements and advice on antitrust matters. The firm regularly advises foreign clients, enabling them to understand local legislation and the environment to establish businesses, implement investment projects, acquire companies, and participate in bidding procedures in Uruguay.

Olivera Abogados is an undisputed leader in the restructuring and insolvency area, with extensive experience and a team that has successfully handled the most complex bankruptcy proceedings in the country.

The firm’s dispute resolution department has a solid reputation for major trials involving complex commercial litigation and arbitration involving sophisticated analysis and strategy, such as shareholder and corporate conflicts, disputes related to antitrust matters, unfair competition, IP rights and distribution and agency agreements.

Services in tax matters include advice on nationwide taxation in Uruguay, as well as assistance in tax-planning matters, international taxation and transfer pricing, and representing local and foreign clients before the authorities at administrative and court levels, and before collection agencies, in tax-related disputes.

The firm provides ongoing advice and counseling regarding labor matters, and has successfully handled tough collective negotiations as a part of company restructuring procedures.

The firm’s real estate practice provides legal and notarial advice for the structuring and development of real estate projects in urban and rural areas, from the design of legal structures, investment plans, and financing and security agreements, to property transfers.

Managing partner Ricardo Olivera García E: rolivera@olivera.com.uy
Corporate and M&A Juan Martín Olivera E: jolivera@olivera.com.uy
Banking & Finance Federico Rocca E: frocca@olivera.com.uy
Juan Martín Olivera E: jolivera@olivera.com.uy
Restructuring & Insolvency Ricardo Olivera García E: rolivera@olivera.com.uy
Dispute Resolution Nicolás Paseyro E: npaseyro@olivera.com.uy
Tax Andrés Hessdörfer E: ahessdorfer@olivera.com.uy
Real Estate Agustina Pérez E: aperez@olivera.com.uy
Labor and Employment Nicolás Paseyro E: npaseyro@olivera.com.uy
Other fee-earners : 16
Total staff : 31
Partners : 5