Banking & Finance
Guyer & Regules’ ‘very reliable’ practice works throughout the sector from bond issues and international placements, to syndicated loans, derivatives and regulatory banking matters. ‘Extremely supportive in negotiations’, Nicolás Piaggio has an ‘exceptional reputation’ and recently assisted Citigroup and BNP Paribas in an $800m sovereign debt issue by the Republic of Uruguay. ‘Top lawyer’ Álvaro Tarabal has ‘solid knowledge’ and provides ‘timely and valuable counsel focused on the personal business needs of each of his clients’. Tarabal and Juan Manuel Mercant advised HSBC Bank Uruguay on its sale to Banco GNB Sudameris, part of a $400m regional acquisition of HSBC’s operations in Uruguay, Colombia, Paraguay and Peru. Other work included advising the FMO on a $100m to El Tejar. Diego Baldomir, Nicolás Herrera and newly promoted partner Corina Bove are also recommended, and senior associate Marcos Payssé is ‘very analytical and dependable’ and ‘always available’. Other clients include Banco Itaú, Citibank, Saxo Bank, BBVA, Banque Heritage and Bank Hapoalim.
Corporate and M&A
‘Comparable to any of the top-tier firms throughout Latin America’, Guyer & Regules has great depth of experience and ‘excellent knowledge’. It recently advised Chilean casino operator Enjoy on the signing of a definitive agreement to acquire a stake in the Conrad Punta del Este Resort and Casino, owned by US gaming giant Caesars Entertainment. Working on the deal was the ‘very bright’ Nicolás Herrera, who is known as a ‘strong leader and experienced M&A lawyer’, and Nicolás Piaggio, who has ‘mastered all aspects of corporate law and adds a sound business view to legal issues’. Álvaro Tarabal advised American Chemical, Uruguay’s main exporter of industrial chemical products, on its agreement with Oxiteno, a subsidiary of Brazilian gas, chemical and logistics group Ultrapar, to acquire American Chemical for $75m. Juan Manuel Mercant is singled out for his ‘good business knowledge’ and ‘great network of contacts’, and Corina Bove provides ‘strategic tailored advice on local issues’ and ‘creative solutions to complex problems’.
‘Responsive and professional’, Guyer & Regules’ ‘trustworthy and ethical’ team ‘performs far above the standard level in the market’. The firm has the capability to handle disputes of any size and complexity in relation to a wide range of industry and business sectors. Practice head Carlos Brandes is a ‘polished litigator with a deft hand in dealing with foreign clients’, and is also noted for his ‘excellent skills in the most complex and uncommon cases’. Brandes successfully defended power generation giant, IMPSA, as the original awardee of a public contract for the purchase of wind energy, against an annulment attempt made by another bidder. Among associates, Ana Paula González is praised for her ‘technical knowledge’ and the ‘speed and clarity of her advice’, and Federico Florín is also noted. He recently assisted Brandes on representing Electrolux in a dispute with Equipo, a former local distributor of home appliances, relating to the existence of an alleged exclusive dealership agreement and an abusive termination of the distributorship.
Labour and employment
Guyer & Regules’ team ‘delivers responses quickly and clearly’ and has ‘an important relationship with the fiscal and administrative authorities’. The team is led by Eduardo Ameglio and Leonardo Slinger, who are ‘efficient and clear in their responses to clients’ labour concerns’. Since June 2012, the pair has been representing the Uruguayan banking association in negotiating a salary agreement with unions and the government that will set salary increases and other labour benefits across the industry for the next three years. The pair also advised HSBC on local labour matters related to the sale of the bank’s Uruguayan operations to Colombia’s Gilinski Group. Associate María José Poey has ‘deep knowledge of labour issues and excellent interpersonal skills’.
Guyer & Regules impresses clients with the ‘efficiency, response times, great value, consistency and the personable nature of its lawyers’. Co-practice head Federico Susena is ‘serious, a pleasure to work with and extremely hard working’: he recently acted for Argentine real estate company TGLT in its purchase of an exclusive waterfront plot of land in Montevideo for the development of its Forum Puerto del Buceo residential project. John Leaman also leads the team alongside Susena, and he advised Vik Retreats on its acquisition of a controlling interest in Feltimar, a company developing luxury hotel projects. ‘Attentive to every detail’ and ‘consistently available, regardless of the time’, Leaman is noted for his ‘great understanding of the business aspects of real estate transactions’; he ‘always finds a way to close even the most difficult deals’. Associates Gustavo Di Genio and Gabriel Nidegger are also recommended.
‘Excelling in tax work’, the ‘interdisciplinary team’ at Guyer & Regules demonstrates ‘great knowledge’ and has experience advising on issues relating to tax planning, audits, restructuring and tax litigation. The department is also known for its excellent knowledge of tax issues relating to the banking sector and recently assisted on the $800m sovereign bond issue undertaken by the firm. In other work the team advised oil companies Total and Tullow on the tax structure for an exploration contract bid. The work was handled by department head Juan Manuel Albacete, who is praised for his ‘aptitude and technical understanding’, ‘speedy responses’ and ‘understanding of the tax authorities’. He was recently consulted by the Ministry of Economy and Finance for an opinion regarding a Tax Authority resolution. Also recommended is the ‘extremely efficient’ Juan Bonet, who is ‘always available’ and demonstrates a ‘high level of professionalism’. Other active tax clients include Tenaris (Techint Group), Unilever, Philip Morris, Esso and BBVA.