Chambers Global

Banking & Finance


The Firm: Guyer & Regules is one of the oldest and most prestigious law firms in Uruguay. “It shares the same values as its clients,” say admiring commentators, “and is more advanced than its regional competitors. The firm remains at the cutting edge in terms of communication and technology, and its newsletters and website are particularly helpful.” The group has long and successful experience in the banking and finance sector, and is an excellent choice for international banks as it can capably handle complicated cross-border deals. According to one satisfied client, “the support provided by these lawyers was key to the success of our complex transaction, which involved several Latin American jurisdictions.” As one of the biggest banking teams in Uruguay, the group also has sufficient resources to advise a large number of local banks on their day-to-day work. Highly reputed managing partner Nicolás Herrera is considered one of the best lawyers in the country: “He is an outstanding practitioner for both banking and M&A matters.” Another source declared: “He is brilliant in all aspects – he makes things happen.” Nicolás Piaggio is without a doubt one of the most visible faces in securities work, and more generally in the capital markets arena, where he provides outstanding service. “He is a proactive and business-oriented lawyer who gets straight to the point and pays excellent attention to details,” stated one interviewee. Experienced senior partner Álvaro Tarabal also works in the banking department; clients praise his ability to consistently find solutions to the most complicated problems. Young partner Diego Baldomir has ample experience advising international banks. He is applauded for his “excellent level of English and knowledge of the local market, important companies and local banks.” Senior associate Juan Manuel Mercant has benefited from the guidance of Piaggio and Tarabal; his “impressive performance in the sector ensures him a place among the country’s noted lawyers,” remark sources.

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Corporate / M&A


The Firm: This is considered by many to be “the best corporate M&A team in Uruguay – the most efficient group that you could hope to find, great working at high speed and under pressure.” The outstanding team has an in-depth knowledge of the market, both domestic and international, which makes it a popular choice for foreign investors looking to do business in Uruguay: it helps clients negotiate with local authorities and government, looks for suitable local partners to set up joint ventures, and gives ongoing support with administrative matters. The lawyers’ high-profile clientele includes Groupe DANONE, Philip Morris, Telefónica and Petrogas, and they also handle a great deal of corporate work for banking clients. Nicolás Herrera is the team’s most notable lawyer and the main point of contact for clients: “He’s simply brilliant,” explained one source, “with a visionary approach to firm management.” Deeply involved in corporate transactions, Nicolás Piaggio is “an intelligent lawyer who solves cases very efficiently” and has a proactive and business-oriented approach. While he is primarily recognised for his skills in the banking and finance sector, Álvaro Tarabal remains the main contact here for large international corporations such as DANONE. Market sources also highlighted the team’s young and rising talents such as Corina Bove and Valentina Larrobla, both of whom are promising lawyers with great potential.