Distinguished by its focus on project finance, the banking and finance team at Hughes & Hughes advises borrowers on the financing and refinancing of energy projects. Thanks to its experience in complex financing transactions, the team advises on credit facilities and revolving and convertible bridge loans. It acts for an impressive clientele of banks, international brokers and financial advisors, and is regularly sought after by multilateral credit organisations. Active in the Uruguayan securities market, the practice specialises in the brokerage of derivatives and the online trading of securities. It also has a successful track record in the refinancing of debt, in both judicial and out-of-court reorganisation proceedings. Practice head Héctor Ferreira is experienced in the representation of companies in negotiations with multilateral credit organisations, investment banks and financial entities. He leads the team alongside Haroldo Espalter, experienced in international project financing, and Juan Carlos Oreggia Carrau, who focuses his practice on investment in the forestry and energy sectors. Mariana Estradé spearheads the team’s project finance work, handling the financing and refinancing of wind farm, PPP and renewables projects. Florencia Beyhaut is another name to note.
Legal 500 Editorial commentary
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Testimonials
Collated independently by Legal 500 research team.
‘The Hughes & Hughes team is strong and operates as a true team for the benefit of its client.’
‘Agile response, follow-up, understanding and passion for what they do differentiates them from other firms.’
‘Team that takes advantage of the synergies of each member to be able to enhance itself and cover all the needs of its clients. All required topics are covered.’
‘All members are excellent and very proactive in finding solutions.’
‘We worked with Héctor Ferreira, who was very efficient and specific.’
‘This is a team that is solid in its knowledge and efficient in its advice. They analyse the issue, going beyond the client's initial proposals in order to provide a comprehensive solution.’
'Haroldo Espalter has solid technical knowledge, experience and is involved in analysis in the client's business.’
Key clients
- BBVA
- Banco Galicia
- Rabobank
- American Express
- Bank of New York
- Duetsche Bank
- Bank Of America – Merrill Lynch, Pierce, Fenner & Smith
- Société Génerale
- TKE Bank of Tokyo - Mitsubishi
- Fitch Ratings
Work highlights
- Represented Rabobank, which granted a loan through a facility agreement to Malteria Oriental, on a negotiated solution to allow the repayment of the loans.
- Advised San Miguel Group and Rabobank through a Chinese Wall, accepted by both parties, on an agreement whereby Rabobank would lend up to $27m in the terms and conditions of a medium-term finance facility agreement.
- Assisted Nicefield in the negotiation of local formalities and steps for the amendment of the original financing in order to replace the benchmark rate.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Haroldo Espalter; Hector Ferreira; Juan C. Oreggia Carrau