Ferrere

2014, International Financial Law Review Uruguay

FERRERE is a consistent player in the market's biggest and most complex transactions. "They are a strong and fierce competitor," a peer says of the firm. "They're doing very well and it is quite a good experience working with them."

Earlier this year, the firm announced that its corporate operation will now be headquartered in Montevideo at the FERRERE Building . The 75,000 ft. space will accommodate 450 of the over 500 Ferrere Uruguay members. The firm was located in World Trade Center Tower B for 10 years since 2003.

Diego Rodríguez is at the helm of the firm's banking and finance and Martín Cerruti steers the corporate and M&A group. Much mention has been made of Rodriguez and his innovative abilities. "He's definitely a good lawyer," a competitor notes. "He knows what he's doing and does it extremely well. He's definitely one of the best in the market." Competitors have also pointed out that Cerruti is a very "capable attorney who plays very well by the rules and gets the work done." "They're strong in every department," another says.

In December, Rodríguez and his team advised The Ministry of Transportation and the bus companies in the suburban area of Montevideo to structure a new financing scheme and create a trust to raise money to benefit the suburban transport system. He also counseled Abengoa in a €1 billion credit facility granted to it by several banks. For several years, Rodríguez assisted Chilean asset manager Independencia in structuring the first real estate investment trust to be offered in Uruguay. The transaction concluded in May with a total value of $60 million.

In recent months, the firm's M&A group has been just as active as its banking and finance teams. Cerruti lead the team that advised Companhia de Concessões Rodoviárias on a complex cross-border deal involving the acquisition of airports in São Paulo, San José, Quito and Curaçao. The firm carried out the legal due diligence of two Uruguayan corporations on which the holding of the Ecuadorian company operating the Quito International Airport was structured. He also advised the Uruguayan affiliate of ExxonMobil in Uruguay on the transfer of the downstream business of ExxonMobil to BRIDAS CORP.

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