International Financial Law Review - Euromoney

Tier 1“They have a strong team and they put in a lot of effort,” says one competitor about Guyer & Regules, an established player in the local market. “Particularly in the financial sector, they are the leaders.”

Last year, Guyer & Regules assisted paper pulp company Montes del Plata with setting up a $1.5 billion pulp mill on the bank of the Rio de la Plata, an estuary that divides Argentina and Uruguay. Additionally, the firm advised Citibank as it provided Isur, a special purpose vehicle (SPV) created by Uruguayan electric company UTE, with a $120 billion loan facility.

Nicolás Herrera has earned the respect of local practitioners for his practice, and overall the firm ranks as one of Uruguay’s finest, based on its steady market presence and quality work. “It’s a good firm with a strong track record,” says one competitor, adding that Guyer is “one of the top firms”. Herrera led a team assisting Brazilian meatpacker Marfrig Alimentos last year with a takeover of Zenda, a local leather exporter. The $50 million transaction spanned nine jurisdictions, and the firm helped with due diligence on Zenda and its subsidiaries.

Valuing its “attention to detail, thorough and yet practical knowledge of the law”, one client is happy to recommend the firm. “I feel that this is not only the best firm in Uruguay but also one of the best in the countries I have had experience with,” the client adds.