Pellerano & Herrera gets high marks from competitors and glowing praise from clients. ....
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Pellerano & Herrera gets high marks from competitors and glowing praise from clients. . Over the past year, the firm promoted 14 paralegals to associates to address an increase in complex cases. Partner Hipolito Herrera left the firm in 2010.
One client notes that Pellerano & Herrera benefits from a significant number of North American-trained lawyers who take local sensitivities into account when giving advice: "They help explain, guide and translate a transaction to make it successful." One peer says the firm's lawyers are, "very competent and good professionals". Another notes succinctly, "They have their finger on the pulse."
In one notable transaction, partner Luis Rafael Pellerano advised the Canadian-based Barrick Gold, the largest gold mining company in the world, on $1.04 billion in financing for the Pueblo Viejo gold mine. The firm also advised Barrick on a related special lease agreement with the government giving it mining rights. The Canadian company is the single largest foreign investor in the Dominican Republic's history.
In a refinancing deal that closed in December 2010, Partner Marielle Garrigó advised Compañía de Electricidad de San Pedro de Macorís (CESPM), a subsidiary of the largest energy company in the country, Cogentirx, on its $150 million loan from the Interamerican Development Bank.
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