With an impressive track record in high-profile international cases and insolvencies, the bankruptcy and restructuring team at CMS Grau demonstrates sector expertise in the mining, fishing, banking and education fields. The team is well versed in handling corporate liquidations, distressed M&A deals, and the preparation and negotiation of reorganisation and liquidation plans. The department is jointly led by industry veterans Michelle Barclay, who advises on cross-border corporate restructuring and insolvency regulation, and Victor Farro, whose areas of expertise include liquidation and administrative matters with social and political considerations. At the associate level, Javier Marquez is reputed for his risk analysis experience in distressed M&A cases, while Ivanna Escala covers liquidations and due diligence in various corporate matters.
Bankruptcy and restructuring in Peru
CMS Grau
Praxisleiter:
Michelle Barclay; Victor Farro
Referenzen
‘Excellent service, very proactive and they constantly follow up on our cases. They are one of the best firms we have worked with.’
‘I must highlight the excellent and cordial relationship, communication and speed. I don’t know a better legal team and it really gives us a lot of confidence to be accompanied in our processes. The best disposition and the best recommendations. It is an agile, effective and outstanding team.’
‘Michelle Barclay’s leadership has brought the company’s legal processes to a successful conclusion, and her constant support and advice consistently exceeds expectations, year after year. The level of understanding and ability to solve problems and search for solutions leads us to have more and more confidence and security that we have chosen our advisors correctly. Their cordiality and accurate communication have always opened doors and bridges to the success of our processes.’
Kernmandanten
Enagás Group
Depósitos Químicos Mineros
Falabella Group – Gamma
Clout Central de Influenciadores
Highlight-Mandate
- Advising Enagás Group on the bankruptcy filings and litigation against a concession company.
- Advising Depósitos Químicos Mineros on a bankruptcy case handled by the Peruvian Bankruptcy Authority.
- Representing Inversiones Corporativas Gamma, as the main creditor of Cooperativa Industrial Manufacturas del Centro.
Rebaza, Alcázar & De Las Casas
Rebaza, Alcázar & De Las Casas remains at the forefront of the bankruptcy and restructuring arena, with demonstrable expertise in complex bankruptcy proceedings, liquidation procedures and reorganisations. Acting for domestic and global financial institutions, investors and funds, the practice is well placed to assist both debtors and creditors in public and private restructurings and cross-border insolvencies, particularly in the fishing, construction and mining industries. The offering is jointly led by Gonzalo De las Casas, who is skilled in creditor payment agreements and the sale of companies in financial distress, and José Antonio Jiménez, an expert in business restructuring processes and corporate liquidations. Daniel Gonzáles is noted for his specialisation in M&A and bankruptcy restructurings, while Marcia Arellano concentrates on assisting clients in general bankruptcy system law matters before INDECOPI. Senior associate Valeria Sánchez focuses on restructurings in the local market, in addition to corporate financing. The team was further strengthened in May 2024 with the hire of associate Carla Cervantes, formerly of Martinot Abogados.
Praxisleiter:
Gonzalo De Las Casas; José Antonio Jiménez Chocano
Referenzen
‘The team members of Rebaza, Alcázar & De Las Casas have an excellent strategic vision and commercial awareness which has impressed us. Their high quality of legal advice combined with an excellent strategic vision and commercial awareness has been very valuable for our team.’
‘Daniel Gonzáles is an excellent legal advisor, with a strong commercial and strategic understanding of the matters at hand. He has provided an excellent service with high efficiency and timely deliveries. The quality of work is high.’
‘They are highly competent, service-minded and always on top of things – which has been highly appreciated by our team.’
Kernmandanten
Obras de Ingenieria
Fluor Daniel Sucursal del Perú en Liquidación
QH Ingeniería y Servicios
Técnicas Metálicas Ingenieros
F.B.C. Melgar
Creditors of Atento Luxco 1
Aker Solutions
Agrícola La Venta
Perú Fashions
Aenza
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- Advised Grupo Aenza on the insolvency procedure and commercial debt restructurings of Gasoducto Sur Peruano.
- Advised Obrainsa on its ordinary insolvency proceeding initiated at the request of Itaú Corpbanca New York.
- Advised an ad hoc group of noteholders, as creditors, and Glas Trust Corporation and Wilmington Trust (London), as collateral agents, in the multi-jurisdictional financial restructuring of Atento Luxco 1.
Rodrigo, Elías & Medrano Abogados
Rodrigo, Elías & Medrano Abogados is renowned for its involvement in high-profile and complex restructuring and liquidation cases. Adopting an interdisciplinary approach by collaborating with its litigation and tax disciplines, the firm handles reorganisations, asset-acquisition operations and distressed financing, often within the aviation, oil and gas, and financial sectors. Guillermo Puelles leads the team and concentrates on public and private insolvency, as well as distressed M&A deals. Hugo Silva specialises in public restructuring and litigation, while Jorge Trelles handles corporate liquidation proceedings. At the associate level, Renzo Rossi works on insolvencies and the assessment of banking and insurance regulation, and Sabrina Montoya frequently counsels national and global companies on various corporate issues. Consultant Gaspar Flores handles work relating to administrative law and financial restructuring.
Praxisleiter:
Guillermo Puelles
Referenzen
‘High knowledge of the regulations applicable to our cases.’
‘They are excellent! They always help us find practical and innovative solutions. Client service is impeccable. Guillermo Puelles, Jorge Trelles, and Renzo Rossi have great knowledge of the issues they handle, they are creative in their proposals, their responses are quick, and they respond to our requests in a timely manner.’
‘I could say that their work, in a comprehensive way, makes them stand out. The quality of the concepts, the originality of their proposals, the timeliness of the responses and the commitment we have felt from them make them excellent advisors.’
Kernmandanten
LATAM Airlines Group
Astaldi Sucursal del Perú
Scotiabank Perú
Pluspetrol Norte en Liquidación
EXSA
Banco GNB del Perú
Pan American Silver Huaron
Microsoft Perú
Promotora Inmobiliaria Proyecto 10
Casco G-3 Investments
Ecoexpress Javier Prado en Liquidación
SNC Lavalin
Sociedad Agrícola 3p
Corporación Aceros Arequipa
Health Bridges
Avianca Perú
Scotiabank Perú
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- Advised Astaldi Sucursal del Perú on its public insolvency proceedings initiated before INDECOPI.
- Advising Scotiabank Perú on the strategy for the collection of claims amounting to $65m, from Heaven Petroleum Operators and its affiliates.
- Advised Banco GNB on the insolvency proceedings of Poroma en Liquidación and the administrative litigation followed before INDECOPI’s Tribunal, pertaining to the regime of payment of secured creditors.
De Bracamonte - Haaker - Castellares
De Bracamonte - Haaker - Castellares‘ banking and finance offering is wide-ranging and covers preventive strategies, applications for bankruptcy proceedings, and the acquisition of bankruptcy estate assets. With experience acting for both debtors and creditors, the firm has sector expertise in the energy, financial services and tech industries, among others. Gonzalo De Bracamonte Melgar heads the department and focuses on the management of financial distress for both individuals and corporates. Senior associates Claudia Oviedo Alva and María Cristina Guardia Gómez are skilled in restructurings and corporate liquidations, respectively.
Praxisleiter:
Gonzalo De Bracamonte Melgar
Referenzen
‘Great work capacity and knowledge.’
Kernmandanten
INCOT Contratistas Generales
Cooperative Rabobank
Sociedad Minera Austria Duvaz
Industrias Plásticas Reunidas
Ingenieros Civiles y Contratistas Generales
Pluspetrol Norte En Liquidación
Estratega Consultores
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- Advised INCOT Contratistas Generales on all aspects of its preventive bankruptcy procedure, in order to refinance its obligations worth over $39m.
- Advised Pluspetrol Norte on all aspects of its dissolution and liquidation process, valued at $112m.
- Advised Estratega Consultores on bankruptcy credits recognition and the sale of assets.
Estudio Echecopar member firm of Baker McKenzie International
The bankruptcy and restructuring department at Estudio Echecopar member firm of Baker McKenzie International advises leading banks and corporations from the entertainment, mining, petroleum and agro-industry sectors. The firm is regularly involved in complex debt restructurings, corporate insolvency strategies and distressed schemes, and often collaborates with its public law and litigation disciplines. Rafael Picasso heads the group and is involved in several complex bankruptcy cases, often before INDECOPI. Paolo Robilliard frequently advises distressed companies and creditors on various matters, benefiting from his established corporate and M&A expertise. Associates Katherine Zapata and Luciana Palomino handle corporate reorganisations and corporate finance work.
Praxisleiter:
Rafael Picasso
Referenzen
‘The lawyers on the team bring comprehensive knowledge regarding the issues and queries we have. They provide a complete service.’
‘Luciana Palomino has helped us a lot in the queries we had regarding bankruptcy issues, always being one step ahead.’
Kernmandanten
Banco Agropecuario – Agrobanco
Warner Bros. Distributing Inc
SAP Perú
BTG Pactual
Merck Peruana
Tubisa
Agro Industrial Paramonga
Ti Sparkle
Corporación Andina de Fomento – CAF
FedEx
CELEPSA – Compañía Eléctrica el Platanal
The Billington Limited Partnership
Solvay (SYENSQO)
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- Advised Tubisa on the commencement of an insolvency proceeding against one of its former clients, Esmetal, and representing Tubisa in the insolvency procedure of its debtor.
- Advising Compañía Minerales Santander on an insolvency proceeding before INDECOPI.
- Assisted Corporación Andina de Fomento in the registration of its claims before the bankruptcy authority, and following up on the liquidation of the debtor and coordinating with Estratega Consultores, the appointed liquidator.
Miranda & Amado
At Miranda & Amado, the bankruptcy and restructuring team demonstrates expertise in insolvency petitions, cross-border proceedings and the insolvency aspects of financial facilities. Acting for clients in various regulated industries, such as oil and gas and transport, the firm offers a primarily creditor-oriented service. The group is jointly led by Rafael Corzo and Renzo Agurto, who is well versed in complex restructuring and winding-up transactions. At the associate level, Lisbeth Benavides is recommended for her experience in the insolvency elements of corporate reorganisations, while José Enrique Fernández advises debtors and creditors in insolvency proceedings before INDECOPI.
Praxisleiter:
Renzo Agurto; Rafael Corzo
Referenzen
‘Knowledge of the way authorities and players proceed in a business crisis, understanding of the need for a quick response for the business.’
‘Personalised work, focused on results and excellent professionals. We recommend José Fernández.’
‘The team offers precise suggestions and thinks beyond the regulations on the matter.’
Kernmandanten
New Century Films
Administradora de Servicios de Seguridad
Talma Servicios Aeroportuarios
Ulma Encofrados Perú
Itaú Corpbanca New York Branch
Mall Service Perú
Highlight-Mandate
- Advising Itaú Corpbanca New York Branch on an insolvency petition against Obras de Ingenería.
- Advised Talma Servicios Aeroportuarios on its position as creditor of Peruvian Air Line.
- Advised Administradora de Servicios de Seguridad on its role as managing entity of Sirius amid the reorganisation of the company.
Santiváñez Abogados
July 2024 saw the former Martinot Abogados merge into Santiváñez Abogados, which is now composed of some 50 lawyers (including ten partners) with offices in both Lima and Piura. The bankruptcy and restructuring department advises creditors and debtors alike and undertakes high-value work, which includes out-of-court restructuring and the sale and purchase of assets of distressed companies. Engaged by clients from the insurance, real estate and mining sectors, the team demonstrates strong knowledge of bankruptcy regulation. Luis Fernando Martinot, who is experienced in corporate workouts and turnarounds, leads the team alongside Yanira Becerra Stock, who frequently handles the acquisition of distressed assets. At associate level, Katia Matallana concentrates on asset restructuring, liquidations and dissolutions.
Praxisleiter:
Luis Fernando Martinot; Yanira Becerra Stock
Referenzen
‘Martinot Abogados [now: Santiváñez Abogados] maintains as its strengths a personalised and specialised legal advice and attention for each client. The firm pays special attention to details and provides a legal service “made” for the client specifically. This, together with the team’s knowledge of commercial aspects and risk distribution, allows clients to receive a complete legal service.’
‘The plus of the firm’s lawyers is the personalised attention and legal advice “done” for the client. In particular, we must highlight Luis Fernando Martinot’s legal knowledge and negotiation skills, which were decisive for our assignments.’
Kernmandanten
Banco de Crédito del Perú
Gasoducto Sur Peruano
El Dorado Resources
Administradora del Comercio
Red Científica Perú
Gold Finance Perú
Avla Perú Compañía de Seguros
Red Bicolor de Comunicaciones
TC Siglo 21
Productos Encurtidos
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- Advised Banco de Crédito del Perú on the debt collection strategy of its debtors.
- Advised Gasoducto Sur Peruano on the bankruptcy proceedings to which it is subject.
- Advised El Dorado Resources, which has entered into a lease agreement on mining properties owned by the bankrupted company Compañia Minera San Simon.
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados
Active across the mining, agriculture and pharmaceutical industries, Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados’ bankruptcy and restructuring offering covers both regulatory and transactional matters. Senior partner Anthony Lizárraga Vera-Portocarrero advises insolvency practitioners, banks and various Peruvian corporations on banking and distressed debt deals. Associate Carlos Carbajal draws on his corporate and bankruptcy law background to negotiate the sale of distressed assets and debt restructuring.
Praxisleiter:
Anthony Lizarraga Vera – Portocarrero
Referenzen
‘Strong knowledge of the business.’
‘Professional experience and business knowledge.’
‘High professional quality of the lawyers and with a lot of experience in the segment.’
Kernmandanten
Doe Run Cayman
Andrade Gutierrez Engenharia Sucursal Del Perú
Pepsicola Panamericana
Ferreyros
ICBC Perú Bank
Citibank Del Perú
Regional One
Novartis Biosciences Peru
Sherwin-Williams Peru
Resemin
Highlight-Mandate
- Advised Doe Run Cayman on a large bankruptcy case.
- Advising Pepsicola Panamericana, a major creditor in Compañia Embotelladora Del Pacifico En Liquidacion’s ordinary bankruptcy proceeding.
- Advised Andrade Gutierrez Engenharia Sucursal Del Perú on the dissolution, liquidation and bankruptcy of one of its related companies, which amounted to approximately $2m.
Philippi Prietocarrizosa Ferrero DU & Uria
Philippi Prietocarrizosa Ferrero DU & Uria’s bankruptcy group counts banks, insurance companies and domestic financial institutions among its clients, and often coordinates with its tax, labour and mining practices to offer comprehensive advice. Drawing from his previous experience working at INDECOPI, Alfonso Pérez Bonany leads the department and concentrates on assisting domestic and international clients with restructuring and liquidation proceedings.
Praxisleiter:
Alfonso Perez-Bonany
Referenzen
‘In addition to technical knowledge, they have a great ability to simplify legal problems and coordinate with many counterparts at the same time. An advantage they have in relation to other firms is that they carry out detailed analysis and explanations for each type of client.’
‘Alfonso Pérez Bonany gives his clients peace of mind and is available for any additional explanation or query.’
‘It is a multidisciplinary team, which not only allows us to see issues from various angles and propose comprehensive solutions but also to improve our practices, have better time performance and ensure value in our company.’
Kernmandanten
Servicios Multimedia
Empresa Radiodifusora 1160
Sika Perú
Sandpol Investments
Ulma Encofrados
Aeropuertos del Perú
Inversiones y Desarrollo
Kirkland & Ellis
Inversiones Centenario
Inmac Perú
Highlight-Mandate
- Served as counsel to Servicios Multimedia in its application for a debtor-in-possession bankruptcy proceeding in Peru, in revising the claims filed by the creditors, and in negotiating its reorganisation plan.