Latin Lawyer 250 2017

Rebaza, Alcázar & De Las Casas


Transactional and private equity expertise

  • Established: 2004
  • Partners: 13
  • Total lawyers: 61

Rebaza, Alcázar & De Las Casas is the Peruvian legal market’s young upstart. Founded just over 10 years ago, the firm poses significant competition for its more established rivals. Its ability to position itself for new trends helps to explain its success; for example, an early focus on private equity clients is paying dividends now that they are swooping in on the country attracted by the bargains on offer. Similarly, the decision to merge with a white-collar crime boutique and launch a practice for high net-worth individuals in 2016 seems impeccably timed given the new government’s push to crackdown on both tax-avoidance and corruption. Continuing the trend of being an early mover, in 2017 the firm set up a venture capital practice, thought to be the first among Peru's top tier firms. 

The firm has carved out a reputation for transactional prowess and wins leading companies’ trust through its proven ability to handle capital markets, financing, restructuring and M&A deals. Project finance has also become more of a focus as Peru seeks to plug an infrastructure gap, with the firm promoting a counsel to partner in the area in 2016.

Clients often cite Rebaza Alcázar lawyers’ experience, creativity and efficiency as reasons for using the firm. One satisfied client summarises Rebaza Alcázar as a “great group of lawyers, very knowledgeable on local legislation, extremely well-connected, flexible to work with on complex projects and very consistent in quality”.


Rebaza Alcázar has an associate office in Chile, offering Peruvian law advice to Chilean investors as well as facilitating Peruvian investment into Chile through the efforts of senior associate María Isabel Pastor.

Practice Areas

Private equity

Key partners: Rafael Alcázar, Alberto Rebaza and Felipe Boisset are noted, while Juan José Cárdenas and Alexandra Orbezo are also visible in this area.

Analysis: Rebaza Alcázar has proven time and again to be ahead of the curve when it comes to predicting new trends and so it is with private equity work. While some in the market may have been caught out by the slowdown in transactional work, Rebaza has been well-positioned to exploit an uptick in private equity funds attracted by depressed prices and the promise of a bargain. The department is experienced at advising the full spectrum of private equity companies, from international players with diversified portfolios and deep pockets, to specialised local players – all of whom appreciate the firm’s creative approach to complex transactions and its willingness to accommodate clients’ fee proposals. Clients turn to the department to enter the country, buy and sell assets and register funds. The firm is particularly experienced at helping private equity companies raise money from Peruvian pension fund managers.

Top deals

Corporate and M&A

Key names: Managing partner Alberto Rebaza leads the firm’s M&A efforts and is described by clients as sharp and excellent. His personal reputation is a draw and he comes recommended in LACCA Approved, in-house counsel research conducted by Latin Lawyer’s sister association, the Latin American Corporate Counsel Association. Felipe Boisset and Juan José Cárdenas are noted. Alexandra Orbezo is an added asset. José Francisco Zaragozá, renowned for his leadership skills, often works with the team providing antitrust advice.

Analysis: While the private equity practice may be the firm’s calling card, it forms part of the firm’s wider – and equally reputable – corporate and M&A department. Complex transactions involving multiple subsidiaries and shareholders is regular fare for the department. Great professionals with good connections seems to be the client consensus.

Most recent deals

Banking & finance

Key names: Rebaza Alcázar’s banking and finance practice is led by Rafael Alcázar, renowned for his knowledge of regulatory matters. Alcázar comes recommended for both banking and finance and capital markets work in LACCA Approved. Alberto Rebaza, Luis Miguel Elías and Juan José Cárdenas (LACCA Approved) are other names to look out for in the practice. Cárdenas is known for his creative solutions and ability to keep his eye on the ball.

Analysis: That JP Morgan entrusted Rebaza Alcázar with the task of setting up its first investment bank in the country in 2016 speaks volumes for the calibre of this department, which is described as the number one choice by one in-house banking lawyer. As well as being a go-to firm for banking regulation, the department handles transactional, such as syndicated lending, debt issuances and streaming finance. The firm is also visible on a fair amount of cutting-edge work, such as when it helped a company become the first to offer electronic money services.

Top deals

Most recent deals

Administrative law

Key partners: Juan José Cárdenas and María Luisa Peña, who are both known for their project finance work.

Analysis: The firm helps consortiums win concessions for various projects ranging from a new gas pipeline to an airport upgrade. The team has deep knowledge of public private partnerships (PPPs).

Work highlights: One of Peru’s largest constructors, Cosapi, recently hired the firm to do a comparative analysis of PPP regimes in Peru, Uruguay, Colombia, Chile and Paraguay. The team also advised industrial gases producer Messer on regulation associated with launching public bids, while an international financial institution hired it for help improving its PPP policies.

Restructuring & insolvency

Key names: Gonzalo De Las Casas is considered an authority in Peru for restructuring work. José Antonio Jiménez is another respected member of the practice.

Analysis: Rebaza Alcázar is a leader in bankruptcy work, advising clients on corporate restructuring, bondholder negotiations and acquiring distressed assets. Equally adept at advising both the creditors and debtors, the firm is a regular feature on the Peru’s biggest cases and on the local leg of multijurisdictional proceedings

Top deals

Most recent deals

Project finance & infrastructure

Key partners: Juan José Cárdenas leads the practice, while Alberto Rebaza is another big name. Recently-promoted María Luisa Peña Hartog is someone to watch.

Analysis: The department has experienced a steady growth in demand for its services as Peru seeks to address a multi-billion-dollar infrastructure gap, with transport, energy and toll roads being the department’s main areas of focus. Rebaza Alcázar’s PPP know-how is also renowned – so much so that the firm landed a job advising the Peruvian government on the PPP contracts for the 2019 Pan American and Parapan American Games that will be held in Lima. Another standout deal from recent years saw the department act for the concession that won the contract to build a new international airport in Cuzco.

Top deals

Most recent deals

White collar crime and compliance

Key partners: Augusto Loli and Percy García Caver joined the firm when their white-collar crime boutique was absorbed by Rebaza Alcázar in early 2016.

Analysis: The firm incorporated a criminal law boutique earlier in 2016, adding two partners and six associates, after which it went on to establish a white-collar crime practice. An international electronics company has already hired the firm to guide it through a criminal investigation.

Work highlights: The law firm provided counsel to the Peruvian arm of Swedish home electronics manufacturer Electrolux in a criminal investigation regarding a stock of products imported from China. The case involved international commercial law.

Most recent deals


Key partners: Rebaza Alcázar’s tax department is overseen by Camilo Maruy. He also co-leads a new practice group for high net-worth individuals along with managing partner Alberto Rebaza.

Analysis: The team’s main focus is to support other departments, be it to help a client bid for a concession, to provide tax advice in capital markets and M&A transactions or provide analyses of foreign tax regimes. In 2016, the firm launched a new practice group for high net-worth individuals looking to safeguard their wealth and invest abroad.

Work highlights: The firm helped the Peruvian arm of an international brewer regarding the tax planning of the sale of its non-alcoholic drinks assets and a local conglomerate on the tax planning, structuring and optimisation of an investment.


Key partners: María Haydeé Zegarra

Analysis: The firm is sought out for collective bargaining advice, labour disputes and implementing severance programmes.

Work highlights: Tecnologica de Alimentos has hired the firm for some 20 labour disputes, including a Supreme Court case. Attorneys were also on hand to help Italian-Argentine conglomerate Techint implement a severance programme

Antitrust & competition

Key partners: José Francisco Zaragoza, who is recommended in LACCA Approved, and Juan José Cárdenas.

Analysis: The firm can draw on experience gained on an eight year-long case in which it represented a liquid and gas oxygen distributor accused of rigging supply bids to the country’s social healthcare insurance programme. The firm is defending other clients against accusations of anti-competitive practices.

Work highlights: The team is representing liquid and gas oxygen distributor Messer in an Indecopi case that has lasted eight years, in which it is currently seeking to overturn fines imposed against the company.

Pro bono

Analysis: Rebaza Alcázar has a formal pro bono programme, with a coordinator and a monitoring system to keep track of hours. The firm has provided pro bono counselling to the Grameen foundation in financings granted to Peruvian NGOs. The firm has also advised NESsT Peru, an organisation dedicated to developing sustainable social enterprises that solve critical social problems in emerging market countries.


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