CMS Grau is renowned for its work on high profile international cases and insolvencies. The bankruptcy and restructuring team offer a diverse range of expertise and in depth experience in the education mining, energy, fishing and financial sectors. The department is well equipped to handle the preparation and negotiation of organisation and liquidation plans, corporate liquidations, insolvency proceedings and distressed M&A deals. The practice group is co-led by experienced partners Michelle Barclay Thorne, who has extensive experience in international and national insolvency matters as well as corporate restructuring and liquidation, and Victor Farro, who specialises in bankruptcy and administrative matters. At associate level Javier Marquez has substantial experience in complex insolvency matters within the mining, energy and construction sectors while Ivanna Escala has expertise in high profile cross-border insolvency matters as well as experience in reorganisation and liquidation cases.
Bankruptcy and restructuring in Peru
CMS Grau
Responsables de la pratique:
Michelle Barclay; Victor Farro
Autres avocats clés:
Javier Márquez; Ivanna Escala
Les références
‘They stand out for their interesting combination of experience, dynamism and flexibility. The partners have a great experience of more than 25 years, advising on complex cases of both local and international business crises. In turn, these partners are accompanied by members trained by them who stand out for their knowledge, skill, passion for learning and openness to new models and technologies.’
Principaux clients
Enagás Group
Mining Chemical Deposits (Odfjell Terminals)
Falabella Group – Gamma
Clout Central de Influenciadores
Principaux dossiers
- Advising Enagás Group on their bankruptcy and liquidation proceedings against a concession company.
- Advising Depósitos Químicos Mineros in a significant and complex bankruptcy case.
- Representing Inversiones Corporativas Gamma, as the main creditor of Cooperativa Industrial Manufacturas del Centro.
Rebaza, Alcázar & De Las Casas
Rebaza, Alcázar & De Las Casas is reputed for the depth of its expertise in the bankruptcy and restructuring sector with the practice team being well experienced in liquidation procedures, complex high-profile bankruptcy proceedings and reorganisations. Representing both local and international clients, the practice is well equipped to accommodate both creditors and debtors in cross-border insolvencies and private and public restructurings in the construction, mining and fishing industries. The practice group is co-led by experienced partners Gonzalo De Las Casas, who specialises in corporate reorganisation and insolvencies, and Jose Antonio Jimenez Chocano, who focuses on business restructuring and corporate liquidations. Partner Daniel Gonzáles specialises in M&A and bankruptcy proceedings, while Marcia Arellano advises clients on insolvency and restructuring before INDECOPI. Moreover, the team was further strengthened with the return of Pamela Arce – as a partner – in May 2025, some seven years after her departure. At associate level, Carla Cervantes focuses on restructuring and liquidation proceedings; the associate team was also strengthened with the arrival of Alicia La Cruz.
Responsables de la pratique:
Gonzalo De Las Casas; Jose Antonio Jimenez Chocano
Autres avocats clés:
Daniel Gonzáles ; Marcia Arellano; Carla Cervantes; Alicia La Cruz
Les références
‘Thorough knowledge of the practice and the case. They can provide solutions from different perspectives and fronts. They have a team that is available to the client and provides solutions to very complex issues.’
‘Arellano stands out widely in this firm, a partner with extensive knowledge in bankruptcy law and with experience in both the public and private sectors. Their advice is vital to make accurate decisions in short periods of time, as the dynamics of the sector usually require.’
‘By far very extensive knowledge of the subject of bankruptcy and restructuring especially Gonzalo de las Casas, José Jiménez and Marcia Arellano.’
Principaux clients
AGP Peru
Agropucalá
Credicorp Capital
Glencore Perú
Terramove
Favo en Liquidación
International 4pl Cargo
Asica Farms
Grupo Aenza (Aenza y Cumbra Perú)
Técnicas Metálicas Ingenieros en Liquidación (TMI)
Principaux dossiers
- Advising Credicorp Capital on the recognition of its claims arising from a securitisation trust bond and providing counsel in the bankruptcy proceedings of Savar—a Peruvian logistics company.
- Advised Agropucalá on the negotiation and preparation of a restructuring plan to reorganise its multimillion-dollar debts.
- Assisting AGP Peru with the assessment of a potential insolvency situation and negotiation of agreements with main commercial clients of the company.
Rodrigo
Rodrigo has a formidable reputation through its prominent role in navigating the complex landscapes of high-profile restructuring and liquidation proceedings. Using a multi-faceted approach by utilising the firm’s expertise in other areas of law such as tax, labour, administrative and litigation to assist them to consider all angles when handling complex restructuring and liquidation cases. The practice is capable of handling complex matters and is experienced in distressed financing, asset-acquisition operations and reorganisations, primarily within the aviation, mining, private equity, oil and gas and financial sectors. The team is led by Guillermo Puelles, who specialises in private and public insolvency, restructuring and liquidation proceedings, as well as distressed M&A deals. Hugo Silva specialises in liquidation and public restructuring matters, whereas Jorge Trelles specialises in corporate liquidation proceedings and associate Sabrina Montoya has been actively involved in different insolvency matters such as corporate liquidations. Consultant Gaspar Flores frequently assists the team in restructuring and insolvency cases and has expertise in financial restructuring and administrative law, and Renzo Rossi is also a key member of the team.
Responsables de la pratique:
Guillermo Puelles
Autres avocats clés:
Hugo Silva; Jorge Trelles; Renzo Rossi; Sabrina Montoya
Les références
‘Rodrigo, Elías & Medrano Abogados has a team with a lot of experience and knowledge on administrative and bankruptcy issues.’
‘Guillermo and Gaspar are two outstanding lawyers who are knowledgeable in the insolvency area.’
‘Guillermo Puelles and Renzo Rossi are very competent lawyers with a clear and specialized knowledge in the field.’
Principaux clients
LATAM Airlines Group
Astaldi Sucursal del Perú
Chubb Peru Compañía de Seguros y Reaseguros
Trafigura PTE and Trafigura Perú
Southern Perú Copper Corporation
Pluspetrol Norte en Liquidación
Pan American Silver Huaron
Casco G-3 Investments
Promotora Inmobiliaria Proyecto 10
Microsoft Perú
Ecoexpress Javier Prado en Liquidación
SNC Lavalin
Sociedad Agrícola 3p
Corporación Aceros Arequipa
Health Bridges
Avianca Perú
Scotiabank Perú
Principaux dossiers
- Advised LATAM Airlines Group in the issuance of bonds under Rule 144-A and Regulation S of the Securities and Exchange Commission, at an annual interest rate of 7.875%, with maturity in 2030, for $1.4m.
- Advised Pluspetrol Norte en Liquidación PPN in its crisis strategy derived from diverse financial and economic distress problems suffered due to market conditions and COVID-19 pandemic.
- Advised Chubb Peru in the insolvency proceeding of Obrainsa, a major local construction company, which entered insolvency in early November 2023.
De Bracamonte, Haaker & Castellares
De Bracamonte, Haaker & Castellares offers a wide range of services in the bankruptcy sector, acting for both creditors and debtors the team is experienced in assisting with bankruptcy applications and the acquisition of bankruptcy estate assets. The team is well versed in restructuring proceedings and liquidations in multiple sectors such as energy, mining, construction and financial industries among others. The team is led by Gonzalo De Bracamonte Melgar focuses on the prevention and management of financial crisis in corporate matters. Claudia Oviedo Alva has expertise in restructuring and liquidation processes. At the associate level María Cristina Guardia Gómez brings experience in restructuring and liquidation proceedings in the corporate and real estate sectors.
Responsables de la pratique:
Gonzalo De Bracamonte Melgar
Autres avocats clés:
Claudia Oviedo Alva; Maria Cristina Guardia Gómez
Les références
‘DHC has a cohesive team, with knowledge of bankruptcy procedures and the actions of the authority, the entire team has significant ability to understand the needs of the client.’
‘In particular, we recognise the work of Claudia Oviedo, who with her clarity, expertise, understanding and charisma generates relationships of trust with the client.’
‘The strength of De Bracamonte is the level of involvement of its team and the mastery of bankruptcy rules in Peru.’
Principaux clients
INCOT General Contractors
Cooperative Rabobank
Sociedad Minera Austria Duvaz
Civil Engineers and General Contractors
Pluspetrol Norte
Estratega Consultores
Scania Services del Perú
HV Contratistas
Corporación Miyasato
C.A.H. Contratistas Generales
Principaux dossiers
- Advising Incot Contratistas Generales on all aspects for the beginning of its preventive bankruptcy procedure in order to refinance its obligations.
- Advising Estratega Consultores on bankruptcy credits recognitions and for sales of assets of companies or individuals under the client’s legal representation.
- Advising Scania Services del Perú for the recovery of its credits against Savar Agentes de Aduanas.
Estudio Echecopar
As of July 2025 Estudio Echecopar is an independent firm, the team has extensive expertise in the bankruptcy and restructuring area. Using a multidisciplinary approach, the team is experienced in handling insolvency proceedings, private restructuring, distress acquisitions, counselling on insolvency proceedings before INDECOPI and regularly advising corporations in various sectors in the mining, energy, real estate, construction and agricultural industries among others. The practice is led by Pablo Berckholtz, who specialises in complex debt, capital markets and corporate finance negotiations, advising major banks on financing and restructurings as well as significant experience with IPOs, high-yield debt and project bonds. At the associate level, Katherine Zapata provides experience in liquidations, insolvency proceedings, M&A, and corporate reorganisations, and Luciana Palomino specialises in restructuring, insolvency, corporate M&A and corporate finance reorganisations. The prior practice head Rafael Picasso has retired as of 2024.
Responsables de la pratique:
Pablo Berckholtz
Autres avocats clés:
Katherine Zapata; Luciana Palomino
Les références
‘This team has a good command of the regulation of the bankruptcy system; they also have great capacity and experience to address the different queries of the client, both from the perspective of the debtor and the creditor. In addition, the team reflects an innovative approach, which includes the use of advanced legal tools such as Copilot to incorporate artificial intelligence into legal advice, which has a positive impact on the efficiency and effectiveness of its services. Another aspect that we value is the constant interaction of the bankruptcy team with other areas of the firm, such as corporate, banking, tax and labour, thus providing comprehensive advice that anticipates difficulties.’
‘I have worked with Katherine Zapata and Luciana Palomino in M&A and with the team led by Pablo Berckholtz in both Banking and Finance and Capital Markets. My experiences with these lawyers in M&A and B&F transactions have always been very positive and constructive.’
Principaux clients
SAP Peru
Agrovisión Perú
Camet Real Services
Merck Peruana
Tubisa
TI Sparkle Peru
Andean Development Corporation – CAF
FedEx
Celepsa – Compañía Eléctrica el Platanal
Syensqo (Solvay)
Orbit Garant Drilling
Constructores Interamericanos
World Bank
Principaux dossiers
- Advised Agrovision Corp. and Agrovision Peru, a technology-driven global superfruit platform, in securing senior secured credit facilities.
- Represented Reactivos Nacionales (RENASA), a Peruvian company specialising in chemical products for the mining industry, in several insolvency processes.
- Assisted Corporación Andina de Fomento (CAF), a development bank from Latin America, in the insolvency proceeding of Agrícola La Venta to achieve the recognition of its credits before the authority and advised them within the proceeding.
Miranda & Amado
Miranda & Amado's restructuring and insolvency team has strong experience in cross-border proceedings, corporate restructuring and insolvency aspects of financial facilities. The multi-disciplinary group is primarily a creditor-oriented service and represents clients in various sectors such as oil and gas, transport and mining, financial institutions among many others. Practice leader Renzo Agurto is experienced in handling diverse and complex restructuring with a particular focus on corporate restructuring and insolvency. At the associate level, Lisbeth Benavides has experience in advising both debtors and creditors in local and cross-border cases, as well as counselling on insolvency-related aspects of financing transactions; José Enrique Fernández focuses on insolvency and has experience in advising both debtors and creditors in insolvency proceedings before INDECOPI.
Responsables de la pratique:
Renzo Agurto
Autres avocats clés:
Lisbeth Benavides; José Enrique Fernández
Les références
‘Good service, detail at work and useful advice. Renzo Agurto is our point of contact and I highlight his availability and empathy with the client, in addition to his excellent knowledge of Peruvian regulations.’
‘Miranda & Amado truly cares about your case, their work is done diligently. They ensure that they spend enough time working on your case and staying on top of things.’
‘Renzo Agurto and his team are always friendly in their correspondence. They ensure that they respond timelessly to any query or instruction that is given to them.’
Principaux clients
Administradora de Servicios de Seguridad
Volcan Compañía Minera
Mirror Trading International
Transportadora de Gas del Perú
Repsol Comercial
Talma Servicios Aeroportuarios
Pontificia Universidad Católica del Perú
Ulma Encofrados Perú
Corporación de Ingeniería de Refrigeración
Principaux dossiers
- Advised Administradora de Servicios de Seguridad on its role as managing entity of Sirius amid the reorganisation of the company.
- Advised Mirror Trading International (in liquidation), a former cryptocurrency trading platform operating in South Africa, in tracing assets for recovery purposes.
- Advising Ulma Encofrados Perú as a creditor of Astaldi Sucursal del Perú in the insolvency proceeding of the latter.
Santiváñez Abogados
Santiváñez Abogados’s bankruptcy and restructuring team represents creditors and debtors across various industries this includes the mining, real estate, insurance and financial sectors. The team is highly experienced in complex bankruptcy matters, private restructuring proceedings and the sale and purchase of assets of distressed companies. The practice group is co-led by experienced partners Luis Fernando Martinot, who specialises in distressed M&A transactions and has extensive experience in corporate bankruptcies; and Yanira Becerra Stock, who focuses on bankruptcy matters and the acquisition of distressed assets. At the associate level, Katia Matallana, draws on experience in bankruptcy proceedings and (having previously worked at INDECOPI) displays extensive knowledge in the sector; Adriana Cangalaya Ponce frequently assists in bankruptcy and restructuring cases.
Responsables de la pratique:
Fernando Martinot Oliart; Yanira Becerra Stock
Autres avocats clés:
Katia Matallana Flórez; Adriana Cangalaya Ponce
Les références
‘They are highly qualified professionals, who understand the legal part and ground it to the business need in a clear and practical way.’
‘It is a team committed to the case that we entrust to it that has followed up carefully, informing us of the progress of the case and quickly sending the necessary writings, responses and recommendations. They have been able to understand our needs and provide us with tailor-made solutions.’
‘The practice is led by Fernando Martinot, who works with Katia Matallana and Adriana Cangalaya. The team has been able to respond to our needs and have given us concrete answers to each query made, which has allowed us to make the right decisions.’
Principaux clients
AMG – Auplata Mining Group Perú
Santander Peruvian Mine
Gasoducto Sur Peruano en Liquidación
Red Científica Peruana
Red Bicolor de Comunicaciones
Qori Capital
Principaux dossiers
- Advised Gasoducto Sur Peruano in the approval of a liquidation agreement, which involved the negotiation with the main creditors of the debtor and the defence of such an agreement against challenges from hostile creditors, mainly from Peruvian State entities.
- Advised Club Alianza Lima in the modification of its restructuring plan, which was successfully approved by the creditors’ committee.
- Advised Red Bicolor de Comunicaciones in bankruptcy proceedings in every stage and aspect of it.
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados
Muñiz, Olaya, Meléndez, Castro, Ono & Herrera Abogados has strong experience in bankruptcy and restructuring. The practice offers assistance to both debtors and creditors in restructuring matters such as liquidation and dissolution, representing clients in the mining, construction and financial sectors. The team is led by Anthony Lizárraga Vera-Portocarrero, who has vast experience in advising creditors and debtors on restructuring, bankruptcy, banking and distressed debt transactions. Associate Carlos Carbajal has extensive experience in resolving restructuring and bankruptcy of companies as well as negotiating sales of distressed assets and debt restructuring.
Responsables de la pratique:
Anthony Lizarraga Vera-Portocarrero
Autres avocats clés:
Carlos Carbajal
Les références
‘Expert knowledge of the practice area.’
Principaux clients
Doe Run Cayman
Andrade Gutierrez Engenharia (AG)
Pepsicola Panamericana
Ferreyros
ICBC Perú Bank
Citibank del Perú
Regional One
Novartis Biosciences Peru
Sherwin-Williams Peru
A K Drilling International
Principaux dossiers
- Acting as counsel to Doe Run Cayman, the main shareholder of Doe Run and a creditor of the company.
- Acting as counsel to Pepsicola, a major creditor in Compañía Embotelladora del Pacífico S.A. en Liquidación’s ordinary bankruptcy proceeding.
- Advised Andrade Gutierrez Engenharia (AG) in the dissolution, liquidation and bankruptcy of one of its related companies (Amazonas Energia).
Philippi Prietocarrizosa Ferrero DU & Uria
Adopting a multidisciplinary approach, Philippi Prietocarrizosa Ferrero DU & Uria‘s practice group represents clients in the tax, labour, environment and mining industries, advising on various areas in the bankruptcy and restructuring sector, the practice group is highly regarded by their clients for having ‘extensive experience’ in bankruptcy and for handling their cases in a ‘timely and efficient manner’. Drawing from his experience in INDECOPI, the team is led by Alfonso Pérez-Bonany, who specialises in advising foreign and local clients on restructuring and bankruptcy matters.
Responsables de la pratique:
Alfonso Pérez-Bonany
Les références
‘I am impressed by the PPU bankruptcy team’s extensive experiences and their inspiring collaborations with the government entities. Their legal approaches are conducted in a timely and efficient manner, which leaves me with no doubts and concerns.’
‘I would like to recommend Alfonso Perez-Bonany. He always suggests eye-opening solutions.’
Principaux clients
Natixis, New York Branch
Ad-hoc Group of Bondholders to Volcan Cia Minera SAA (ref. to Houlihan Lokey / Davis Polk & Wardwell)
The Bank of Tokyo-Mitsubishi – MUFG
Sumitomo Mitsui Banking Corporation
Intesa Sanpaolo, New York Branch
Banco Bilbao Vizcaya Argentaria
Banco de Crédito del Perú – BCP
BBVA Banco Continental
Banco Internacional del Perú – Interbank
Scotiabank Perú
Korea Zinc
Shearman & Sterling (ref. to Natixis, New York Branch)
La Fiduciaria (ref. to Banco de Crédito del Perú – BCP)
Servicios Multimedia
Sika Perú
Carestream Health
Empresa Radiodifusora 1160
Principaux dossiers
- Advised an ad-hoc group of bondholders (Alliance Berstein, Compass Group, Converium Capital, Manulife Financial Corporation, Fidelity Investments and others) before Volcan Cia Minera within the reorganisation of its 4.375% senior notes due 2026 for newly issued 8.750% senior notes due 2030, according to an exchange offer and solicitation.
- Assisted the Bridge Lenders in the bankruptcy of Gasoducto Sur Peruano (GSP).