"Rubio is very strong in mining and tax," says one competitor, referring to Rubio Leguía Normand. "They have positioned themselves well ....
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"Rubio is very strong in mining and tax," says one competitor, referring to Rubio Leguía Normand. "They have positioned themselves well . . . have become stronger in banking and finance." That strengthened practice is likely due to the firm's broadening of its client base, including BNP Paribas, Bank of America Merrill Lynch and Banco de Crédito del Perú.
In one notable financial transaction, the firm was Peruvian counsel to Bank of America Merrill Lynch and Morgan Stanley in a sovereign bond issuance by the Republic of Peru. The transaction included a local issuance denominated in Peruvian Nuevos Soles, worth roughly $1.5 billon, and a second $1 billion placement on international debt markets.
And reflective of their extensive mining experience, the firm was Peruvian counsel to Nyrstar in the acquisition of Minera Huallanca, and in a separate transaction, Minera Domingo Savio. Both deals allow the global metal company to consolidate its presence in Peru.
The mid-sized firm was also busy with project finance work last year, garnering attention with its participation in toll-road projects. The firm was counsel to the Andean Development Corporation (CAF), Banco de Crédito del Perú and Crédit Agricole Corporate and Investment Bank in financing the Red Vial 4 Highway. The highway will span across northern Peru and be developed by Autopista del Norte. Moreover, the firm advised BNP Paribas, as arranger and underwriter for the financing of two different concessions: the Taboada Wastewater Treatment Plant Project and the Huascacocha-Rímac Water Derivation Project.
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