Firm / Organisation

Guyer & Regules

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Senior Partner: Nicolás Herrera
Number of partners worldwide: 24
Number of lawyers worldwide: 107

Firm Overview:
Guyer & Regules is considered Uruguay’s blue chip firm and the first choice for international and domestic complex legal, accounting and tax work. Such reputation is grounded on the largest group of the most experienced partners in the country, who lead a solid team of internationally trained professionals with experts in every field of business law, and promote a culture of innovation within the firm.

Guyer & Regules is proud to have been consistently recognised as “Uruguayan Law Firm of the Year” for eight years and the first and only Uruguayan firm recognised as “Latin America Law firm of the Year” by Chambers and Partners, among several recognitions by other prestigious international publications.

Performing with excellence, expertise, value, responsiveness, creativity and consistency, is not enough. Guyer & Regules strives to grow its capacity to develop strong and mutually rewarding personal working relationships with the people who work at the institutions it serves. The firm helps them serve their institutions — its clients — better. And those special personal working relationships are what enable Guyer & Regules to leverage all those other qualities they expect from a top firm.

As Latin Lawyer states,‘Guyer & Regules has long sat comfortably at the top of the Uruguay’s legal market: the breadth and high quality of its service offering, its extensive and loyal client base, and its transactional clout mean that this prestigious firm is always highly sought after’.

Main Areas of Practice:
Banking & Finance:

Guyer & Regules’ leadership is undisputed advising 66% of the private banks active in Uruguay and two out of three large private pension fund managers. It has also been the only Uruguayan firm in the past 30 years in Uruguayan sovereign debt deals. Recent deals include: acting as deal counsel in the second issuance of the record breaking USD450 million notes programme on behalf of toll road operator Corporación Vial del Uruguay in what is thought to be the country’s largest corporate offering ever on the local market, and helping Uruguay’s central bank adopt an electronic version of its own currency, becoming the first country in history to do so, which was recognised as Uruguay’s Deal of the Year by Latin Lawyer.

Corporate, M&A:
As Chambers and Partners states, Guyer & Regules ‘continues to set the pace in the corporate sphere’ having participated in 63% of major M&A deals made public in Uruguay over the past years and representing 8 of the top 12 Uruguayan leading exporting companies in 2018. As a few highlights, the firm participated in the most important Uruguayan M&A transaction of the year to date assisting COCA-COLA FEMSA in its takeover of Montevideo Refrescos SRL, the local subsidiary of The Coca-Cola Company. Advised an affiliate of Merck Animal Health in the acquisition of Prondil S.A., a Uruguayan corporation that produces and commercialises animal vaccines for export being this transaction, one of the most important acquisitions in Uruguay during 2017 and assisted Chile’s Enjoy in the purchase of 55% shares held by US based Caesars in the Uruguayan casino Conrad Punta del Este.

Tax & Accounting:
The team is recognised for its ‘heavyweight practice at the forefront of the market with a respected bench of practitioners’ by Chambers and Partners. It is by far the most senior team on the market, formed by lawyers and CPAs which allows for greater depth and breadth on tax matters. Recent work highlights include advising the banks in the tax planning for the first global bond in nominal pesos issued by the Republic of Uruguay in the international market, assisting Agropecuaria del Litoral S.A. to structure the creation of a financial trust that issued USD50 million of ‘mixed’ securities (‘títulos mixtos’) in Uruguay and advising Goldman Sachs in its first investment in Uruguay with the USD140 million acquisition of approx. 60% stake in Tienda Inglesa, a Uruguayan supermarket chain.

Real Estate:
By far the largest and most experienced team in the country, delivering‘innovative solutions, commercial thinking and a personalised service on every single detail’ as Chambers Latin America reviews. Has a very strong presence in tourism and residential developments (especially in Punta del Este and its surroundings), industrial sites, agribusiness and forestry investments. Recent deals include: advising METLIFE which acquired approximately 120,000 hectares of real estate properties in a transaction that is deemed as the largest and most important sale of this nature in the history of the country; assisting on acquisition of real estate for the installation of new Homecenter Sodimac chains in Uruguay and assisting TGLT in the development and sale of a high value project of apartments in an exclusive waterfront of 11,000 square meters.

Litigation:
Guyer & Regules has a dedicated, strong and successful litigation team with a ‘solid reputation’ as Chambers Latin America states. It specialises in complex civil and commercial litigation and arbitration, domestic and international, generally involving high-profile cases. Recent matters include the representation of GNLS (defendant) in a Uruguayan civil judicial procedure initiated by the Uruguayan branch of Brazil-based Construtora OAS seeking damages amounting to USD310 million. Representing the affiliate of the Brazilian state owned oil company Petrobras (PUDSA) and Axion Energy in two separate judicial enforcements of arbitration agreements against Administración Nacional de Combustibles Alcoholes y Portland – ANCAP, Uruguayan state owned company that holds the monopoly over petroleum importation and refining; and representing Banque Heritage in criminal and civil actions brought against a former account manager.

Labour:
The team excels for its services both in advisory and litigious labour matters. ‘The lawyers have deep technical knowledge, are committed to the client and stay up to date regarding changes in the law’ as Chambers Latin America reviews. It represented all of the Uruguayan financial entities in the salary collective bargaining agreement negotiations with the banking union and the government, as well as the Chamber of Insurance Companies. Other recent work highlights include advising Sherwin Williams in all labour aspects regarding the closing of an industrial plant, and assisting Petrobras and Eurofarma in labour disputes.

Energy:
The Projects & Energy team is the largest of its kind in Uruguay. Guyer & Regules is‘highly sought after to advise on the full range of energy and natural resources matters’, as Chambers and Partners states, with an impressive market share of renewable and oil and gas transactions. Partners and associates are dedicated to the energy and infrastructure sector in consulting, contracting, financing and in the day to day business.

The firm’s excellent and reputable team has advised clients spanning the entire industry, from the developers behind Uruguay’s first solar project to the major oil and gas companies involved in the country’s nascent offshore sector. In the infrastructure field the firm’s professionals have assisted sponsors and also financial entities. Guyer & Regules is leading the market. The pioneering role it plays means clients regularly demand its counsel for power purchase agreements, PPPs, Concession agreements, project financing and engineering procurement and construction agreements and EPC and OyM agreements. Its compact, top-notch team is a solid pick for even the most complex of deals.

Clients highlight the breadth of the team’s expertise, whose recent achievements include advising Total on a 35% farm-out agreement with ExxonMobil and a 15% farm-out agreement with Statoil, assisting Acciona (Spain) in all legal aspects of the Central Railroad Project (a USD 1000 million project) including the bid process, permits and authorizations, corporate and tax structure, bankability issues and other related aspects. And also advising Inter-American Investment Corporation in the financing of two Uruguayan companies owned by Atlas Energy Group which have developed two solar plants in Salto, Uruguay for the production and sale of energy to the Administración Nacional de Usinas y Trasmisiones Eléctricas - UTE (National Administration of Power Stations & Power Transmitions). The Firm counts with the greatest and experienced Energy & Infrastructure team in Uruguay.