Kerlyn Toscano Villena – GC Powerlist
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Peru 2025

Financials

Kerlyn Toscano Villena

General counsel | Core Capital SAFI

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Peru 2025

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Kerlyn Toscano Villena

General counsel | Core Capital SAFI

How has your role as in-house counsel evolved over the past few years, particularly in response to shifting global or regional dynamics?

My function as corporate legal counsel has evolved significantly in recent years, driven both by regulatory developments and the strategic transformation of the business at Core Capital, the financial arm of Grupo Edifica. Initially, our legal work focused primarily on financing real estate projects in Peru, within a local regulatory framework that we knew thoroughly. However, in recent years, we have embarked on a process of international expansion, structuring investment funds to finance our projects in the United States, which are developed by North Development, a company formed through the partnership between Edifica and OAK Capital, which has brought about a substantial shift in the scope and complexity of my responsibilities. This expansion has required my team and me to act as true specialists.

We have worked closely with various legal experts across different areas of law to provide the business with accurate and sustainable legal solutions tailored to sophisticated financial, corporate, and tax frameworks, particularly those under U.S. law, with its distinct legal standards, compliance obligations, and contractual practices. While challenging, this experience has significantly enriched my technical knowledge and broadened my professional perspective.

One of the most noteworthy milestones has been our involvement in the Construction Loan Agreement for the Domus Brickell Park project, involving total financing of $4 m. In this transaction, we led regulatory feasibility, tax efficiency, and conducted the negotiations with the guidance of attorneys specialised in U.S. law, while also overseeing the structuring of the Peruvian investment fund that enabled the financing, an initiative that proved successful from both legal and commercial standpoints. I would also like to highlight the work carried out by my legal team in structuring investment funds for the development of real estate projects in Miami.

In these cases, we were responsible not only for the legal structuring, but also for the tax structuring. This is a particularly complex task due to the interaction between Peruvian and U.S. tax regulations. As a result, we successfully secured financing for two North Development projects in Brickell, covering all three financing stages: land acquisition, development, and construction. We are now moving forward with financing of a third real estate project. These experiences have been instrumental in deepening our team’s understanding of the U.S. legal and regulatory landscape and have strengthened our legal approach through comparative and cross-border analysis. I firmly believe that we operate in an increasingly globalised world, where business moves rapidly across jurisdictions and sectors.

In this context, the role of in-house counsel can no longer confined to a single legal system or a reactive posture. On the contrary, it demands the ability to navigate and adapt to diverse legal regimes, regulatory cultures, and cross-border strategic challenges. This process has been not only a professional milestone, but also a personal journey, one that has deepened my connection to the purpose behind the firm’s evolution.

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