Ferrere‘s position at the forefront of the banking and finance sector is reflected by its stellar roster of national and international clients, which includes banks, financial institutions and government entities. The team is also involved in the drafting of regulation in the sector. Its one-stop-shop service encompasses structured finance and loan transactions, as well as regulatory advice and M&A within the banking space. The practice is active in the capital markets field and is regularly called upon by clients to advise on securitisations and bond issuances; practice head Diego Rodríguez specialises in securitisations and has a successful track record in handling significant securitisations in Uruguay. Focusing on banking regulations, Geraldine Ifrán plays a key role in M&A of banking and insurance entities. Gonzalo Secco advises a diverse range of clients and has particular expertise in project finance, as does Sebastián Ramos, who advises foreign lenders on the financing and refinancing of infrastructure and energy projects. Promoted to partner in January 2024, Federico Lemos leads the firm’s dedicated fintech practice and plays a key role in capital markets transactions. At the senior associate level, Cecilia Trujillo participates in both national and international commercial transactions, and Lucía Rosso is also an active member of the team.

Guyer & Regules remains a go-to choice for both local and international banks, acting as regular counsel to a significant number of private banks. The team’s expert advice covers credit and trade facilities, convertible loans, financial trusts, hybrid financings, derivatives and debt notes. It stands out for having a strong regulatory practice, supporting regulated institutions in M&A and advising investment funds on registration. The group’s leading position in the market sees it excel in innovative transactions, including fintech matters and project and sustainability sovereign bonds. Capital markets is another focus area, and the practice plays a key role in sovereign debt issuances. Álvaro Tarabal leads the team, alongside Nicolás Herrera and financial regulatory expert Nicolás Piaggio, who is experienced in financing and sovereign debt transactions and debt restructurings. Head of the fintech practice Florencia Castagnola has a wealth of experience in banking and finance regulations. Federico Piano plays a lead role in advice to key clients, such as BBVA and HSBC. With an impressive clientele of lenders, multilaterals and local financial institutions, Juan Manuel Mercant is experienced in project finance structures. Marcos Payssé leads capital markets transactions, while Guzmán Rodríguez is noted for his role in derivatives matters and cross-border financing.

Dentons Jiménez de Aréchaga ‘stands out’ for its expertise in the fintech sector, and the banking and finance team advises numerous clients in the payment systems and open banking space. Noting a recent increase in infrastructure projects, the team has also been advising on a growing number of project finance transactions; renewable energy and PPP financings are particularly active areas for the group. The practice has also strengthened its capabilities in the consumer finance space, adding a number of financial entities to its clientele. Three partners jointly lead the team: Nicolás Herrera Alonso focuses on banking and capital markets matters, advising key clients such as JP Morgan; Mariela Ruanova has an established reputation in the technology sector and counts payment solution providers among her diverse roster of clients; and Fernando Jiménez de Aréchaga Jr spearheads the team’s project financing matters. Senior associates Mariana Lartigau, Alfredo Arocena, Maite Gaynicotche and Alejandra Martínez are also key members of the team.

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.

Acting for a clientele of multinational lenders, Posadas regularly advises on project finance, particularly in the energy and infrastructure sectors. The team has a proven track record in corporate, acquisition and asset finance deals, on both the lender and borrower side, as well as in structured finance and syndicated, cross-border credit facilities. Its regulatory expertise sees the team sought out by development banks, payment services companies, fintechs, crypto platforms, brokers and investment advisers for assistance in obtaining operating licenses. The firm is a key player in the Uruguayan capital markets space, handling securities placements and public bond offerings. Practice head Tomas Gurméndez bolsters the team’s cross-border capabilities and is regularly engaged by multinational investment banks and multilaterals, particularly for advice on collateral structures. As head of the banking regulatory department, Andrés Aznárez has ‘unmatched experience’ and advises an impressive list of regulated financial entities, from banks and investment firms to brokers and fintechs. Victoria Garabato plays a key role in the team’s project finance practice, particularly in the renewables and infrastructure sectors. Martina Reyes is a name to note at the senior associate level.

Specialising in the banking, finance and capital markets fields, Bragard Abogados advises an impressive clientele that includes brokers, stock exchanges, funds and trusts, and fintech companies. The team also has experience representing clients in arbitration related to banking law matters. Jean Jacques Bragard leads the team and is adept at designing financing and asset management structures and advising on public securities offerings. Agustina Bomio focuses her practice on the capital markets and fintech areas. The group also fields a strong team of senior associates: Daniela Stryk advises a diverse roster of clients, including intermediaries, investment advisors, portfolio managers and investment fund administrators; Alfredo Frigerio takes a lead role on some of the team’s key matters; and Valentina Olazábal is an active member of the group. Juan Andrés Urgoiti joined the team in November 2023, following Guillermo Lorbeer‘s departure in May.

Financial regulation makes up the core of Brum Costa Abogados‘ banking and finance practice. The team regularly advises on new regulations and compliance and excels in obtaining licences before the Central Bank of Uruguay. Anti-money laundering and terrorist financing are other specialist areas of expertise; it advises banks, stockbrokers and investment advisors on internal AML and CFT (combating the financing of terrorism) policies and procedures. Practice head Leonardo Costa has specialised expertise in AML regulations. He is regularly involved in the drafting of regulations and counts public entities among his clients. Sofia Milsev brings extensive regulatory experience to the team and is active in proceedings before the Central Bank of Uruguay. At the associate level, Juan Cabrera is praised by clients, alongside Juan Diana, who also specialises in AML and CFT matters, as well as advising on the securities market, payment systems and virtual assets.

Drawing on the firm’s global network, Deloitte S.C. advises on local and international banking and finance matters, including regulations, the securities market and the structuring of public and private offerings. The team advises a diverse roster of financial clients, including banks, insurance companies, brokers, asset managers, funds and trusts. Juan Bonet leads the team, specialising in financial law and tax matters. Practice co-head Javier Domínguez brings extensive in-house experience in the finance sector to the team, as well as expertise in securities law. Guillermo Lorbeer joined the team at the senior associate level in May 2023, bolstering the team’s project finance offering.